Project Expected to Increase Annual Recurring Revenues by
approximately $850,000 and Provide a
Platform to Offer a Full Range of Services to the County
NEW
YORK, Nov. 28, 2022 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of
secured solutions for the e-Government, IoT, and Cybersecurity
sectors, announced today that its fully-owned subsidiary, Leaders
in Community Alternatives (LCA), has won a new project contract
with a Northern California county to provide adult reentry
services. LCA has provided services in this county for many years,
including adult day reporting services and electronic
monitoring.
This new project, which expands the scope of reentry services
from several community-based sites to now also include jail-based
sites, is valued at up to $4.25
million over 5 years, or approximately $850,000 estimated per year, consisting of an
initial 3-year term with two optional one-year extensions. The
contract focuses on reentry services, including case management,
substance abuse education, job preparedness, and criminogenic risk
reduction. Project launch and generation of recurring revenues are
expected to commence in the first half of 2023.
"The win of another project in this county, where LCA has been
providing services since 2012, is a testament to the inherent value
of our unique offerings and the quality of the relationships we
maintain with our customers. We attribute this win to our
successful track record of creating customized programs that best
suit the needs of public agencies by addressing specific criteria
related to reducing recidivism, improving public safety, and
providing services related to substance abuse, pro-social thinking,
and ultimately, changing lives," commented Ordan Trabelsi, President and CEO of SuperCom,
"We are proud of the opportunity to create a positive social
impact as a prominent electronic monitoring and rehabilitation
services provider in California.
This project is expected to increase our presence further and
provide a platform for LCA to now offer its full range of services
to the county, including the increased use of electronic
monitoring. As we win and deploy more projects in this region, our
reference base of satisfied customers increases, which in turn
helps us to expand into more locations nationally and
internationally. We look forward to continuing to expand our
footprint across the globe," concluded Mr. Trabelsi.
The project was won through a formal bid process. The win will
go through a customary standstill waiting period before contract
signing is approved and the project is launched. SuperCom
management expects to provide further information in follow-up
announcements at the appropriate time.
About SuperCom
Since 1988, SuperCom has been a global provider of traditional
and digital identity solutions, providing advanced safety,
identification, and security solutions to governments and
organizations, both private and public, worldwide. Through its
proprietary e-Government platforms and innovative solutions for
traditional and biometrics enrollment, personalization, issuance,
and border control services, SuperCom has inspired governments and
national agencies to design and issue secure Multi-ID documents and
robust digital identity solutions to its citizens and visitors.
SuperCom offers a unique all-in-one field-proven RFID & mobile
technology and product suite, accompanied by advanced complementary
services for various industries, including healthcare and homecare,
security and safety, community public safety, law enforcement,
electronic monitoring, livestock monitoring, and building and
access automation. For more information, please visit SuperCom's
website, www.supercom.com
About Leaders in Community Alternatives, Inc.
(LCA)
LCA, a SuperCom subsidiary, is one of California's leading private criminal justice
organizations, providing community-based services and electronic
monitoring programs to government agencies for more than 31 years.
LCA's treatment services are evidence-based and built on best
practices designed to break the cycle of recidivism. LCA offers a
comprehensive approach with programs addressing cognitive and
behavioral issues related to criminogenic risk. LCA offers proven
solutions for governmental institutions across California in addressing realignment
strategies and plans to improve public safety and reduce costs
associated with unnecessary incarceration. For more information,
please visit: http://www.lcaservices.com
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Statements preceded or followed by or that otherwise
include the words "believes," "expects," "anticipates," "intends,"
"projects," "estimates," "plans," and similar expressions or
future or conditional verbs such as "will," "should," "would,"
"may" and "could" are generally forward-looking in nature
and not historical or current facts. These forward-looking
statements are subject to risks and uncertainties that could cause
our actual results to differ materially from the statements
made. Examples of these statements include, but are not
limited to, statements regarding business and economic trends, the
anticipated effects of the COVID-19 outbreak on travel and physical
locations, the levels of consumer, business and economic
confidence generally, the duration of the COVID-19 outbreak and
severity of such outbreak, the pace of recovery following the
COVID-19 outbreak, status of contractual awards and related
commitments and contingencies, the effect on our supply chain, our
ability to implement cost containment and business recovery
strategies and resulting anticipated impact of such outbreak
on our business, financial condition and results of
operations, the adverse effects of the COVID-19 outbreak on
our business or the market price of our ordinary shares, and other
risks and uncertainties described in the forward looking
statements and in the section captioned "Risk Factors" in our
Annual Report on Form 20-F for the year ended December 31, 2021, filed with the U.S.
Securities and Exchange Commission (the "SEC") on April 4, 2022, our reports on Form 6-K filed from
time to time with the SEC and our other filings with the SEC.
Except as required by law, we do not undertake any obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events, or otherwise, after the
date of this press release.
SuperCom Investor Relations:
ir@supercom.com
Kirin Smith
PCG Advisory
ksmith@pcgadvisory.com
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SOURCE SuperCom Ltd.