Formal Study on EM Benefits Provides Substance to
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Posted On: 07/02/2024 5:29:02 PM
Formal Study on EM Benefits Provides Substance to Promised Potential of SuperCom Ltd.’s (NASDAQ: SPCB) Flagship Electronic Monitoring Technology
- SuperCom Ltd. has developed its PureSecurity Suite of products as an end-to-end electronic monitoring (“EM”) solution to meet the needs of correctional facilities and law enforcement agencies, providing them with the tools they need to manage offenders effectively, prevent domestic violence, and ensure public safety
- A study published earlier this year in the Journal of Public Economics provided a basis for measuring the benefits of EM programs, not only showing reduced recidivism and prison costs, but also increased worker productivity and children’s educational performance
- The study on Sweden’s nationwide EM alternative for low-level criminal offenses showed the probability of being re-arrested within three years after trial dropped, and suggests that the annual earnings of children whose parents are placed on EM will increase as they reach adulthood
- SuperCom recently reported its quarterly financial results, noting growth in its revenues, EBITDA, and operating income for record profitability
As societies worldwide grapple with curtailing criminal behavior, they might well take inspiration from a study of Sweden’s electronic monitoring (“EM”) program providing a remote, automated alternative to incarceration for the lowest tier of criminal offenses (non-violent crimes resulting in imprisonment up to three months).
Select court jurisdictions in the United States have embraced EM as a potential means of reducing prison costs and recidivism (repeat offenses). Meanwhile, a study conducted by a team of French and Swedish researchers, and published earlier this year in the Journal of Public Economics, not only confirms the fiscal benefits of EM programs but also reveals positive impacts on the labor market and offenders’ families. Notably, it highlights improvements in children’s educational performance.
“Our findings indicate that the reform resulted in several positive outcomes. Specifically, it significantly reduced the probability of being re-arrested within three years after the trial by 4.7 percent and lowered the three-year re-conviction rate by about 2.2 percent,” the report on the study states (https://nnw.fm/nuMks ).
“(‘EM’) also improved labor market outcomes, with the likelihood of being employed within three years after the trial increasing by 13.1 percent and average earnings rising by 22.1 percent,” the report continues. “Notably, these improvements are sustained beyond the first year after the trial, suggesting that the benefits of EM may have a lasting impact.”
Recent research underscores even stronger reductions in recidivism. In Argentina, EM reduced the one-year recidivism rate by up to 48% (Di Tella and Schargrodsky, 2013). In Australia, EM decreased the two-year recidivism rate by approximately 28% (Williams and Weatherburn, 2020). In France, EM reduced the likelihood of re-offending within five years by about 10% (Henneguelle et al., 2016).
These findings highlight EM’s role in fostering rehabilitation and economic stability, offering a powerful alternative to traditional incarceration.
SuperCom (NASDAQ: SPCB) is a company specializing in EM security solutions that is helping to promote the benefits of such alternative programs for its criminal justice system clients in the United States and European countries such as Sweden, Croatia, Finland, and Romania.
“The substantial growth in our gross profit reflects the inherent quality and high-margin potential of our key projects and our successful progression through different stages of these projects,” SuperCom President and CEO Ordan Trabelsi stated following publication of the company’s first quarter financial results last month, which included emphasis that SuperCom’s EBITDA grew by 400 percent YOY as a measure of the company’s profitability (https://nnw.fm/VlyQ0 ).
SuperCom has developed its PureSecurity Suite of products as an end-to-end electronic monitoring solution that uses state-of-the-art GPS tracking in real time, secured communication, and other monitoring technologies.
The technology helps courts in administering house arrest, probation monitoring, and domestic violence prevention. Additionally, it has been applied to a broad range of tracking and identification needs.
“Our commitment to improving public safety and supporting rehabilitation efforts is at the core of our mission. Leveraging our growing customer base and technology expertise, we plan to continue developing and providing advanced solutions that meet the evolving needs in our industry,” Trabelsi stated last year (https://nnw.fm/BwtyU ).
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. has developed its PureSecurity Suite of products as an end-to-end electronic monitoring (“EM”) solution to meet the needs of correctional facilities and law enforcement agencies, providing them with the tools they need to manage offenders effectively, prevent domestic violence, and ensure public safety
- A study published earlier this year in the Journal of Public Economics provided a basis for measuring the benefits of EM programs, not only showing reduced recidivism and prison costs, but also increased worker productivity and children’s educational performance
- The study on Sweden’s nationwide EM alternative for low-level criminal offenses showed the probability of being re-arrested within three years after trial dropped, and suggests that the annual earnings of children whose parents are placed on EM will increase as they reach adulthood
- SuperCom recently reported its quarterly financial results, noting growth in its revenues, EBITDA, and operating income for record profitability
As societies worldwide grapple with curtailing criminal behavior, they might well take inspiration from a study of Sweden’s electronic monitoring (“EM”) program providing a remote, automated alternative to incarceration for the lowest tier of criminal offenses (non-violent crimes resulting in imprisonment up to three months).
Select court jurisdictions in the United States have embraced EM as a potential means of reducing prison costs and recidivism (repeat offenses). Meanwhile, a study conducted by a team of French and Swedish researchers, and published earlier this year in the Journal of Public Economics, not only confirms the fiscal benefits of EM programs but also reveals positive impacts on the labor market and offenders’ families. Notably, it highlights improvements in children’s educational performance.
“Our findings indicate that the reform resulted in several positive outcomes. Specifically, it significantly reduced the probability of being re-arrested within three years after the trial by 4.7 percent and lowered the three-year re-conviction rate by about 2.2 percent,” the report on the study states (https://nnw.fm/nuMks ).
“(‘EM’) also improved labor market outcomes, with the likelihood of being employed within three years after the trial increasing by 13.1 percent and average earnings rising by 22.1 percent,” the report continues. “Notably, these improvements are sustained beyond the first year after the trial, suggesting that the benefits of EM may have a lasting impact.”
Recent research underscores even stronger reductions in recidivism. In Argentina, EM reduced the one-year recidivism rate by up to 48% (Di Tella and Schargrodsky, 2013). In Australia, EM decreased the two-year recidivism rate by approximately 28% (Williams and Weatherburn, 2020). In France, EM reduced the likelihood of re-offending within five years by about 10% (Henneguelle et al., 2016).
These findings highlight EM’s role in fostering rehabilitation and economic stability, offering a powerful alternative to traditional incarceration.
SuperCom (NASDAQ: SPCB) is a company specializing in EM security solutions that is helping to promote the benefits of such alternative programs for its criminal justice system clients in the United States and European countries such as Sweden, Croatia, Finland, and Romania.
“The substantial growth in our gross profit reflects the inherent quality and high-margin potential of our key projects and our successful progression through different stages of these projects,” SuperCom President and CEO Ordan Trabelsi stated following publication of the company’s first quarter financial results last month, which included emphasis that SuperCom’s EBITDA grew by 400 percent YOY as a measure of the company’s profitability (https://nnw.fm/VlyQ0 ).
SuperCom has developed its PureSecurity Suite of products as an end-to-end electronic monitoring solution that uses state-of-the-art GPS tracking in real time, secured communication, and other monitoring technologies.
The technology helps courts in administering house arrest, probation monitoring, and domestic violence prevention. Additionally, it has been applied to a broad range of tracking and identification needs.
“Our commitment to improving public safety and supporting rehabilitation efforts is at the core of our mission. Leveraging our growing customer base and technology expertise, we plan to continue developing and providing advanced solutions that meet the evolving needs in our industry,” Trabelsi stated last year (https://nnw.fm/BwtyU ).
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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