SuperCom Ltd. (NASDAQ: SPCB) Delivers Solutions fo
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Posted On: 04/18/2024 3:58:38 PM
SuperCom Ltd. (NASDAQ: SPCB) Delivers Solutions for Responding to Stalking Threats on Global Basis
- SuperCom Ltd. is a digital security solutions innovator focused on the market for monitoring criminal offenders and tracking for public security
- A popular streaming show, as well as media reports on real-life cyberstalker threats, have increased public awareness of the limitations of criminal justice systems worldwide to stop stalking offenders from continuing their activities
- SuperCom’s RFID and GPS-enabled solutions help to identify the movements of offenders as part of the electronic security surveillance market, which is expected to grow to $2.3 billion during the next five years
- SuperCom is growing in the European Union through recent new contracts in Romania and Finland, but is most focused on the United States market opportunities, fulfilling contracts in select states
The advent of the Internet, and increasingly smart computerized technology, has made the world an interconnected place, granting powerful informational tools to help people meet daily challenges.
However, those same tools can also be used abusively by bad players, including domestic violence and other offenders acting as cyberstalkers with malicious intent. A report by social justice media outlet Reckon notes that about a third of all women and a sixth of all men have been stalked at some point — usually by an acquaintance or former partner, but sometimes by a stranger. The report cites statistics showing that about 80 percent of stalking victims report that technology was used to monitor them, threaten them, or cause damage to their reputations (https://nnw.fm/g41ls ).
A recent Netflix docuseries “Can I Tell You a Secret?” has drawn millions of viewers into the real-life travails of three women targeted for more than a decade by an English cybercriminal, highlighting the limitations of overall legal and criminal justice systems in stopping such criminals from continuing their behavior (https://nnw.fm/SLnx8 ). A TikTok influencer’s current cyberstalking dilemma (https://nnw.fm/uY3jS ), as well as the continuing property intruder difficulties plaguing billionaire pop star Taylor Swift (https://nnw.fm/45xG2 ), have shown that such legal limitations appear to be an ongoing concern.
Electronic-monitoring security solutions developer SuperCom (NASDAQ: SPCB) is devoted to using technology to limit the threat of stalking-related violence by working with criminal justice systems, consumers, and government-level security experts, and providing effective monitoring, offender tracking, and rehabilitation reinforcement programs to promote public safety.
The company is currently employing its innovative PureOne solution to deliver an all-in-one field-proven RFID & mobile technology and product suite that is growing with the addition of GPS technologies.
“Our partnership’s expansion into GPS technology with our PureOne devices marks a notable achievement for SuperCom,” SuperCom CEO and President Ordan Trabelsi stated in January (https://nnw.fm/H33Lu ). “This project exemplifies our dedication to delivering cutting-edge technology and reinforces our position as a leader in the electronic monitoring industry.”
SuperCom’s most recent quarterly financials filing reported revenue growth of 67 percent year-over-year, with 73 percent of revenues recurring. While the company is focused on opportunities in the United States, it operates globally.
“Our steadfast commitment to advancing public safety through technology resonates with governments and agencies worldwide as evidenced by the continued expansion in Finland and our growing partnership with Romania’s Ministry of Interior,” Trabelsi stated in November (https://nnw.fm/jSFv j).
The market for court-ordered monitoring of inmates and individuals participating in rehabilitation programs is expected to reach $2.3 billion by 2029, growing at a CAGR of 9.5 percent during the next five years, according to Mordor Intelligence analysts (https://nnw.fm/r7ZM0 ).
“A 5-year record net profit, remarkable 550% growth in EBITDA and 74% growth in gross profit margins, are clear indicators of the successful execution of our growth strategy,” Trabelsi stated in November. “As we look to the future, SuperCom is uniquely positioned to capitalize on the increasing global demand for secured electronic monitoring solutions.”
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 republished: http://NNW.fm/Disclaimer
- SuperCom Ltd. is a digital security solutions innovator focused on the market for monitoring criminal offenders and tracking for public security
- A popular streaming show, as well as media reports on real-life cyberstalker threats, have increased public awareness of the limitations of criminal justice systems worldwide to stop stalking offenders from continuing their activities
- SuperCom’s RFID and GPS-enabled solutions help to identify the movements of offenders as part of the electronic security surveillance market, which is expected to grow to $2.3 billion during the next five years
- SuperCom is growing in the European Union through recent new contracts in Romania and Finland, but is most focused on the United States market opportunities, fulfilling contracts in select states
The advent of the Internet, and increasingly smart computerized technology, has made the world an interconnected place, granting powerful informational tools to help people meet daily challenges.
However, those same tools can also be used abusively by bad players, including domestic violence and other offenders acting as cyberstalkers with malicious intent. A report by social justice media outlet Reckon notes that about a third of all women and a sixth of all men have been stalked at some point — usually by an acquaintance or former partner, but sometimes by a stranger. The report cites statistics showing that about 80 percent of stalking victims report that technology was used to monitor them, threaten them, or cause damage to their reputations (https://nnw.fm/g41ls ).
A recent Netflix docuseries “Can I Tell You a Secret?” has drawn millions of viewers into the real-life travails of three women targeted for more than a decade by an English cybercriminal, highlighting the limitations of overall legal and criminal justice systems in stopping such criminals from continuing their behavior (https://nnw.fm/SLnx8 ). A TikTok influencer’s current cyberstalking dilemma (https://nnw.fm/uY3jS ), as well as the continuing property intruder difficulties plaguing billionaire pop star Taylor Swift (https://nnw.fm/45xG2 ), have shown that such legal limitations appear to be an ongoing concern.
Electronic-monitoring security solutions developer SuperCom (NASDAQ: SPCB) is devoted to using technology to limit the threat of stalking-related violence by working with criminal justice systems, consumers, and government-level security experts, and providing effective monitoring, offender tracking, and rehabilitation reinforcement programs to promote public safety.
The company is currently employing its innovative PureOne solution to deliver an all-in-one field-proven RFID & mobile technology and product suite that is growing with the addition of GPS technologies.
“Our partnership’s expansion into GPS technology with our PureOne devices marks a notable achievement for SuperCom,” SuperCom CEO and President Ordan Trabelsi stated in January (https://nnw.fm/H33Lu ). “This project exemplifies our dedication to delivering cutting-edge technology and reinforces our position as a leader in the electronic monitoring industry.”
SuperCom’s most recent quarterly financials filing reported revenue growth of 67 percent year-over-year, with 73 percent of revenues recurring. While the company is focused on opportunities in the United States, it operates globally.
“Our steadfast commitment to advancing public safety through technology resonates with governments and agencies worldwide as evidenced by the continued expansion in Finland and our growing partnership with Romania’s Ministry of Interior,” Trabelsi stated in November (https://nnw.fm/jSFv j).
The market for court-ordered monitoring of inmates and individuals participating in rehabilitation programs is expected to reach $2.3 billion by 2029, growing at a CAGR of 9.5 percent during the next five years, according to Mordor Intelligence analysts (https://nnw.fm/r7ZM0 ).
“A 5-year record net profit, remarkable 550% growth in EBITDA and 74% growth in gross profit margins, are clear indicators of the successful execution of our growth strategy,” Trabelsi stated in November. “As we look to the future, SuperCom is uniquely positioned to capitalize on the increasing global demand for secured electronic monitoring solutions.”
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 republished: http://NNW.fm/Disclaimer
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