Electronic Alcohol Monitoring Contract, Worth Up t
Post# of 199
(Total Views: 140)
Posted On: 10/10/2023 4:48:22 PM
Electronic Alcohol Monitoring Contract, Worth Up to $3 Million, Adds to Track Record of e-Security Solutions Provider SuperCom Ltd. (NASDAQ: SPCB)
- Electronic security solutions innovator SuperCom Ltd. is reporting a number of successes in its business operation for providing technology and service to criminal justice programs
- SuperCom reported last month that it has acquired a new contract with a California agency that will run through 2026 for providing alcohol monitoring that leverages smartphone technology
- SuperCom provides services on a global scale, including Croatia, Sweden, Finland, and Romania, within its arena of operation
- In July, the company reported a 141 percent record increase in its year-over-year quarterly revenues, the fourth consecutive period in which it saw high year-over-year revenue growth
Electronic-monitoring security solutions innovator SuperCom (NASDAQ: SPCB) is celebrating a new contract to provide alcohol monitoring technology and service for a client in the California criminal justice system.
“This contract marks another strong achievement, building on our track record of securing numerous new electronic monitoring contracts in the United States and Europe,” SuperCom CEO and President Ordan Trabelsi stated in a news release about the development (https://nnw.fm/n3ncN ). “Our long-standing relationships with county customers and law enforcement underscores their trust in our technology and services.”
The contract was awarded to SuperCom’s subsidiary Leaders in Community Alternatives (“LCA”), which provides justice system monitoring solutions that include home detention oversight, GPS monitoring and out-of-county monitoring, continuous alcohol monitoring, substance abuse testing and other pre-trial assessments.
The monitoring contract is scheduled to run into 2026. Under its terms, the services are provided for a period of three years, followed by potential future extensions.
The contract is valued at up to $3 million based on estimated usage for the three-year period.
SuperCom has been riding a wave of recent fiscal successes, reporting in July that its Q2 revenues grew by 141 percent YOY to $7.7 million, marking four quarters consecutively in which the company saw high year-over-year revenue growth (https://nnw.fm/Lp7aT ).
Romania awarded the company a $33 million project for domestic violence related monitoring, GPS Tracking of offenders, and a home detention monitoring program nationwide. Finland also awarded a $3.6 million project this year for house arrest, GPS, and inmate monitoring, further demonstrating SuperCom’s global reach and appeal. Other countries that have engaged SuperCom for projects include Sweden and Croatia.
“SuperCom’s proprietary technology has been a game-changer in competitive tenders worldwide, enabling us to displace incumbent vendors and make a significant impact on public safety around the globe,” Ordan stated.
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
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
- Electronic security solutions innovator SuperCom Ltd. is reporting a number of successes in its business operation for providing technology and service to criminal justice programs
- SuperCom reported last month that it has acquired a new contract with a California agency that will run through 2026 for providing alcohol monitoring that leverages smartphone technology
- SuperCom provides services on a global scale, including Croatia, Sweden, Finland, and Romania, within its arena of operation
- In July, the company reported a 141 percent record increase in its year-over-year quarterly revenues, the fourth consecutive period in which it saw high year-over-year revenue growth
Electronic-monitoring security solutions innovator SuperCom (NASDAQ: SPCB) is celebrating a new contract to provide alcohol monitoring technology and service for a client in the California criminal justice system.
“This contract marks another strong achievement, building on our track record of securing numerous new electronic monitoring contracts in the United States and Europe,” SuperCom CEO and President Ordan Trabelsi stated in a news release about the development (https://nnw.fm/n3ncN ). “Our long-standing relationships with county customers and law enforcement underscores their trust in our technology and services.”
The contract was awarded to SuperCom’s subsidiary Leaders in Community Alternatives (“LCA”), which provides justice system monitoring solutions that include home detention oversight, GPS monitoring and out-of-county monitoring, continuous alcohol monitoring, substance abuse testing and other pre-trial assessments.
The monitoring contract is scheduled to run into 2026. Under its terms, the services are provided for a period of three years, followed by potential future extensions.
The contract is valued at up to $3 million based on estimated usage for the three-year period.
SuperCom has been riding a wave of recent fiscal successes, reporting in July that its Q2 revenues grew by 141 percent YOY to $7.7 million, marking four quarters consecutively in which the company saw high year-over-year revenue growth (https://nnw.fm/Lp7aT ).
Romania awarded the company a $33 million project for domestic violence related monitoring, GPS Tracking of offenders, and a home detention monitoring program nationwide. Finland also awarded a $3.6 million project this year for house arrest, GPS, and inmate monitoring, further demonstrating SuperCom’s global reach and appeal. Other countries that have engaged SuperCom for projects include Sweden and Croatia.
“SuperCom’s proprietary technology has been a game-changer in competitive tenders worldwide, enabling us to displace incumbent vendors and make a significant impact on public safety around the globe,” Ordan stated.
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
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
(0)
(0)