NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB)
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Posted On: 05/23/2024 4:45:50 PM
NetworkNewsBreaks – SuperCom Ltd. (NASDAQ: SPCB) Announces Fourth New Contract Win in North America in 2024
SuperCom Ltd. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, today announced it has secured a new contract in North Carolina to provide housing and evidence-based case management services to youth and those transitioning from housing. According to the announcement, this program aims to support youth reentering the community, ultimately aiding in their successful integration and reducing recidivism. This program is expected to begin in the summer of 2024 and is set to run for an initial term of two years, with the client indicating plans to extend the program after this two-year period. This new contract, the fourth new contract win in North America in 2024, is expected to generate nearly $500,000 in annual recurring revenue. “This new contract allows us to expand our reach and offer our services to a new community. We are dedicated to creating value for government customers and the communities they serve, and we look forward to the positive outcomes this program will achieve. With this new project, SuperCom continues to strengthen its position as a leader in providing rehabilitative services and secure solutions while actively pursuing additional opportunities to serve communities worldwide,” commented Ordan Trabelsi, President and CEO of SuperCom.
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. (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and cybersecurity sectors, today announced it has secured a new contract in North Carolina to provide housing and evidence-based case management services to youth and those transitioning from housing. According to the announcement, this program aims to support youth reentering the community, ultimately aiding in their successful integration and reducing recidivism. This program is expected to begin in the summer of 2024 and is set to run for an initial term of two years, with the client indicating plans to extend the program after this two-year period. This new contract, the fourth new contract win in North America in 2024, is expected to generate nearly $500,000 in annual recurring revenue. “This new contract allows us to expand our reach and offer our services to a new community. We are dedicated to creating value for government customers and the communities they serve, and we look forward to the positive outcomes this program will achieve. With this new project, SuperCom continues to strengthen its position as a leader in providing rehabilitative services and secure solutions while actively pursuing additional opportunities to serve communities worldwide,” commented Ordan Trabelsi, President and CEO of SuperCom.
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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