NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB)
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Posted On: 08/17/2023 4:17:33 PM
NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces ‘Milestone’ Multimillion-Dollar Electronic Monitoring Contract
SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, Internet of Things (“IoT”) and cybersecurity sectors, has secured a new contract to provide alcohol monitoring technologies and services in California. The contract, which is for an initial three-year term and is valued at up to $3 million, was secured through SPCB’s wholly owned subsidiary Leaders in Community Alternatives (“LCA”). Noting that the contract further solidifies the company’s strong position in the electronic monitoring industry, SuperCom called the contract win another milestone for the company’s expansion into the U.S. market. According to the announcement, the contract is already in effect, running through 2026 with potential for extensions and recurring revenue.
“Our reputation for providing reliable and high-quality electronic monitoring services was pivotal in securing the contract,” said SuperCom president and CEO Ordan Trabelsi in the press release. “This contract marks another strong achievement, building on our track record of securing numerous new electronic monitoring contracts in the United States and Europe. We are proud to have been chosen once again to support California’s criminal justice system. Our long-standing relationships with county customers and law enforcement underscores their trust in our technology and services. As we move forward, we remain committed to fostering strong partnerships, driving technological advancements, and delivering top-tier solutions that address the unique challenges faced by the criminal justice system. With a focus on technology innovation and global expansion, SuperCom is well-positioned to help lead the electronic monitoring industry into the future.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, Internet of Things (“IoT”) and cybersecurity sectors, has secured a new contract to provide alcohol monitoring technologies and services in California. The contract, which is for an initial three-year term and is valued at up to $3 million, was secured through SPCB’s wholly owned subsidiary Leaders in Community Alternatives (“LCA”). Noting that the contract further solidifies the company’s strong position in the electronic monitoring industry, SuperCom called the contract win another milestone for the company’s expansion into the U.S. market. According to the announcement, the contract is already in effect, running through 2026 with potential for extensions and recurring revenue.
“Our reputation for providing reliable and high-quality electronic monitoring services was pivotal in securing the contract,” said SuperCom president and CEO Ordan Trabelsi in the press release. “This contract marks another strong achievement, building on our track record of securing numerous new electronic monitoring contracts in the United States and Europe. We are proud to have been chosen once again to support California’s criminal justice system. Our long-standing relationships with county customers and law enforcement underscores their trust in our technology and services. As we move forward, we remain committed to fostering strong partnerships, driving technological advancements, and delivering top-tier solutions that address the unique challenges faced by the criminal justice system. With a focus on technology innovation and global expansion, SuperCom is well-positioned to help lead the electronic monitoring industry into the future.”
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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