Newest SuperCom Ltd. (NASDAQ: SPCB) Contracts Wort
Post# of 159
(Total Views: 52)
Posted On: 09/18/2024 5:41:17 PM
Newest SuperCom Ltd. (NASDAQ: SPCB) Contracts Worth $2.6 Million Show Strength of European Electronic Monitoring (‘EM’) Market
- Electronic monitoring (“EM”) technology is becoming increasingly popular among European governments as a means of advancing the social inclusion of criminal offenders through probationary services, reducing recidivism
- EM technology innovator SuperCom Ltd. has secured a growing number of probationary services clients in Europe as well as in the United States, adding over $11 million in orders since the beginning of the year
- SuperCom announced another $2.6 million in European EM orders this month
The Confederation of European Probation, an organization that promotes pan-European cooperation for the social inclusion of offenders through a variety of community sanctions, reports high-tech electronic monitoring services are booming throughout Europe as a security solution benefitting both the offenders and the community.
“Probation services in almost all Western European countries are experimenting with it, while probation services in most Eastern European countries are considering pilots,” the CEP states (https://nnw.fm/kUJAG ).
Israel-headquartered identification security solutions developer SuperCom (NASDAQ: SPCB) is marketing its electronic monitoring (“EM”) platform as a cutting-edge solution that is ahead of the curve in what is still a niche market. Its client list in Europe and the United States is continuing to grow.
“We are delighted to continue strengthening our collaboration with European governments,” SuperCom President and CEO Ordan Trabelsi stated earlier this month in announcing a new $2.6 million in orders from the old-world continent (https://nnw.fm/LX7DJ ). “It highlights our leadership in the electronic monitoring sector and our ability to consistently meet our clients’ evolving needs. We remain committed to ensuring successful project execution and fostering lasting partnerships with governments worldwide.”
SuperCom’s expansion of contracts utilizing its end-to-end GPS tracking, communication, monitoring technologies, and real-time tracking and reporting software platform includes over $11 million dollars in new orders reported since the beginning of the year from European clients on a recurring revenue basis.
“These repeat orders underscore our customers’ confidence in SuperCom’s cutting-edge technology and our unwavering commitment to improving public safety,” Trabelsi stated.
The company’s technology was specifically designed to meet the needs of correctional facilities and law enforcement agencies seeking alternatives to incarceration, but its potential application is much wider, such as the potential for tracking Alzheimer’s patients prone to wander or vulnerable patients with no in-residence caregiver.
Reaching even further, the European Union funded a pilot project in 2022 for the use of remote EM systems on processing vessels for bluefin tuna to help combat illegal bluefin tuna markets in Europe (https://nnw.fm/F1fiU ). Still, SuperCom sees the strength of the company’s position in concentrating on justice systems’ EM needs.
“We focus at one market at a time because we believe the margins are the best and the penetration is the strongest when you do it that way,” Trabelsi said during an interview with the Your Advantage Play podcast in July (https://nnw.fm/xVVFY ). “So we focus on this market — there’s only 10 players, we have a great track record, (and) we’re able to win more and more projects rather than spread it out thin to many different industries with the same technology.”
“So once we’ve reached significant size … then we can start splashing over into other industries that will use the exact same technology,” he said. “Our technology, which of course is something that is doing well tracking offenders, we hope will be considered to do well also to track (vulnerable) patients, and animals, and children.”
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
- Electronic monitoring (“EM”) technology is becoming increasingly popular among European governments as a means of advancing the social inclusion of criminal offenders through probationary services, reducing recidivism
- EM technology innovator SuperCom Ltd. has secured a growing number of probationary services clients in Europe as well as in the United States, adding over $11 million in orders since the beginning of the year
- SuperCom announced another $2.6 million in European EM orders this month
The Confederation of European Probation, an organization that promotes pan-European cooperation for the social inclusion of offenders through a variety of community sanctions, reports high-tech electronic monitoring services are booming throughout Europe as a security solution benefitting both the offenders and the community.
“Probation services in almost all Western European countries are experimenting with it, while probation services in most Eastern European countries are considering pilots,” the CEP states (https://nnw.fm/kUJAG ).
Israel-headquartered identification security solutions developer SuperCom (NASDAQ: SPCB) is marketing its electronic monitoring (“EM”) platform as a cutting-edge solution that is ahead of the curve in what is still a niche market. Its client list in Europe and the United States is continuing to grow.
“We are delighted to continue strengthening our collaboration with European governments,” SuperCom President and CEO Ordan Trabelsi stated earlier this month in announcing a new $2.6 million in orders from the old-world continent (https://nnw.fm/LX7DJ ). “It highlights our leadership in the electronic monitoring sector and our ability to consistently meet our clients’ evolving needs. We remain committed to ensuring successful project execution and fostering lasting partnerships with governments worldwide.”
SuperCom’s expansion of contracts utilizing its end-to-end GPS tracking, communication, monitoring technologies, and real-time tracking and reporting software platform includes over $11 million dollars in new orders reported since the beginning of the year from European clients on a recurring revenue basis.
“These repeat orders underscore our customers’ confidence in SuperCom’s cutting-edge technology and our unwavering commitment to improving public safety,” Trabelsi stated.
The company’s technology was specifically designed to meet the needs of correctional facilities and law enforcement agencies seeking alternatives to incarceration, but its potential application is much wider, such as the potential for tracking Alzheimer’s patients prone to wander or vulnerable patients with no in-residence caregiver.
Reaching even further, the European Union funded a pilot project in 2022 for the use of remote EM systems on processing vessels for bluefin tuna to help combat illegal bluefin tuna markets in Europe (https://nnw.fm/F1fiU ). Still, SuperCom sees the strength of the company’s position in concentrating on justice systems’ EM needs.
“We focus at one market at a time because we believe the margins are the best and the penetration is the strongest when you do it that way,” Trabelsi said during an interview with the Your Advantage Play podcast in July (https://nnw.fm/xVVFY ). “So we focus on this market — there’s only 10 players, we have a great track record, (and) we’re able to win more and more projects rather than spread it out thin to many different industries with the same technology.”
“So once we’ve reached significant size … then we can start splashing over into other industries that will use the exact same technology,” he said. “Our technology, which of course is something that is doing well tracking offenders, we hope will be considered to do well also to track (vulnerable) patients, and animals, and children.”
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
(0)
(0)SuperCom Ltd. (SPCB) Stock Research Links
Scroll down for more posts ▼