SuperCom Ltd. (NASDAQ: SPCB) Reports Growth in Rec
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Posted On: 09/04/2024 5:09:51 PM
SuperCom Ltd. (NASDAQ: SPCB) Reports Growth in Recurring Revenues, including Inking of New EM Contracts with West Virginia Law Enforcement Agencies
- Law enforcement agencies and court systems worldwide are increasingly turning to electronic monitoring (“EM”) solutions as a means of supervising non-violent criminal offenders without the escalating expense of incarcerating them in jail facilities
- EM technology innovator SuperCom Ltd. is successfully marketing its PureSecurity technology suite as a superior RFID and GPS-powered solution for tracking electronically supervised individuals’ movements, recently reporting recurring contracts with multiple West Virginia sheriffs’ offices
- SuperCom’s August report on Q2 financial gains also acknowledges recurring revenues from European government agencies served by its technologies — evidence of the company’s ability to fulfill the needs of its clients successfully
- EM solutions are valued as a cost-saving means of providing community safety without incarceration while helping to reduce criminal recidivism and providing offenders the chance to continue working productively in society
Electronic monitoring (“EM”) and identification security solutions developer SuperCom (NASDAQ: SPCB) is increasing its recurrent contract revenue with the recent signing of agreements with multiple sheriff agencies throughout West Virginia for its monitoring technology.
The sheriffs’ offices in each of the state’s 55 counties provide constitutionally established law enforcement services that include serving as officers of their local court and jail infrastructures, helping to ensure that court-ordered judgments are enforced. The new SuperCom contracts leverage the company’s PureOne suite technology to provide robust monitoring solutions in rural areas where there is limited cellular communication coverage.
“These contracts highlight our dedication to innovation and our ability to meet the diverse needs of law enforcement agencies, especially in challenging environments,” SuperCom President and CEO Ordan Trabelsi stated in an Aug. 22 news release about the contracts (https://nnw.fm/K1XSj ). “The integration of PureOne’s advanced technology into these new contracts reaffirms our commitment to delivering adaptable and reliable solutions tailored to the unique needs of law enforcement agencies, particularly in rural regions with limited cellular coverage,” Trabelsi stated. “This ensures continuous and dependable service, which is essential for enhancing public safety and operational efficiency.”
SuperCom also recently secured recurring revenues and millions of dollars in new orders from European governments interested in the company’s EM tools for tracking criminal offenders. The contracts with West Virginia’s sheriffs underscore the company’s ability to successfully serve its clients with EM solutions tailored for monitoring individuals involved in justice systems throughout the United States as well as internationally.
EM technologies are being used with increasing frequency to improve judicial options regarding incarceration and associated alternatives. Offenders with a low likelihood for violence are more often allowed supervised probation within their communities as a means of reducing the financial needs of local justice systems while simultaneously aiming to reduce repeated criminal offenses of those being monitored.
Offenders and suspected offenders allowed to serve home detention have long been monitored by devices such as electronic ankle monitors. SuperCom’s technology improves on legacy solutions with RFID and GPS tracking technologies that can be worn in a covert manner to help reduce subjection to the social stigma those who are being monitored may experience at work or in their communities.
The technology is particularly adaptable to assist victims of domestic violence through monitoring of offenders’ movements and notifications via cell phone to identified victims.
SuperCom also provides solutions for a variety of traditional e-government and biometric identification services for border control, driver identification, and access to government benefits.
“Our strategic focus on cost optimization and capital management, combined with our innovative approach to technology deployment, has driven a significant turnaround in our bottom line,” Trabelsi stated when announcing the company’s Q2 financial results in August (https://nnw.fm/60J4R ). “Our ability to reach gross profit margins of nearly 50% as we advance through various stages of our projects is a testament to the efficiency of our operations and the high-margin nature of our offerings.”
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
- Law enforcement agencies and court systems worldwide are increasingly turning to electronic monitoring (“EM”) solutions as a means of supervising non-violent criminal offenders without the escalating expense of incarcerating them in jail facilities
- EM technology innovator SuperCom Ltd. is successfully marketing its PureSecurity technology suite as a superior RFID and GPS-powered solution for tracking electronically supervised individuals’ movements, recently reporting recurring contracts with multiple West Virginia sheriffs’ offices
- SuperCom’s August report on Q2 financial gains also acknowledges recurring revenues from European government agencies served by its technologies — evidence of the company’s ability to fulfill the needs of its clients successfully
- EM solutions are valued as a cost-saving means of providing community safety without incarceration while helping to reduce criminal recidivism and providing offenders the chance to continue working productively in society
Electronic monitoring (“EM”) and identification security solutions developer SuperCom (NASDAQ: SPCB) is increasing its recurrent contract revenue with the recent signing of agreements with multiple sheriff agencies throughout West Virginia for its monitoring technology.
The sheriffs’ offices in each of the state’s 55 counties provide constitutionally established law enforcement services that include serving as officers of their local court and jail infrastructures, helping to ensure that court-ordered judgments are enforced. The new SuperCom contracts leverage the company’s PureOne suite technology to provide robust monitoring solutions in rural areas where there is limited cellular communication coverage.
“These contracts highlight our dedication to innovation and our ability to meet the diverse needs of law enforcement agencies, especially in challenging environments,” SuperCom President and CEO Ordan Trabelsi stated in an Aug. 22 news release about the contracts (https://nnw.fm/K1XSj ). “The integration of PureOne’s advanced technology into these new contracts reaffirms our commitment to delivering adaptable and reliable solutions tailored to the unique needs of law enforcement agencies, particularly in rural regions with limited cellular coverage,” Trabelsi stated. “This ensures continuous and dependable service, which is essential for enhancing public safety and operational efficiency.”
SuperCom also recently secured recurring revenues and millions of dollars in new orders from European governments interested in the company’s EM tools for tracking criminal offenders. The contracts with West Virginia’s sheriffs underscore the company’s ability to successfully serve its clients with EM solutions tailored for monitoring individuals involved in justice systems throughout the United States as well as internationally.
EM technologies are being used with increasing frequency to improve judicial options regarding incarceration and associated alternatives. Offenders with a low likelihood for violence are more often allowed supervised probation within their communities as a means of reducing the financial needs of local justice systems while simultaneously aiming to reduce repeated criminal offenses of those being monitored.
Offenders and suspected offenders allowed to serve home detention have long been monitored by devices such as electronic ankle monitors. SuperCom’s technology improves on legacy solutions with RFID and GPS tracking technologies that can be worn in a covert manner to help reduce subjection to the social stigma those who are being monitored may experience at work or in their communities.
The technology is particularly adaptable to assist victims of domestic violence through monitoring of offenders’ movements and notifications via cell phone to identified victims.
SuperCom also provides solutions for a variety of traditional e-government and biometric identification services for border control, driver identification, and access to government benefits.
“Our strategic focus on cost optimization and capital management, combined with our innovative approach to technology deployment, has driven a significant turnaround in our bottom line,” Trabelsi stated when announcing the company’s Q2 financial results in August (https://nnw.fm/60J4R ). “Our ability to reach gross profit margins of nearly 50% as we advance through various stages of our projects is a testament to the efficiency of our operations and the high-margin nature of our offerings.”
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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