TEL AVIV, Israel, May 3, 2021 /PRNewswire/ -- SuperCom
(NASDAQ: SPCB), a global provider of secure solutions for
the e-Government, IOT and Cybersecurity sectors announced today
that through its fully-owned subsidiary, Leaders in Community
Alternatives (LCA), SuperCom has won a new project in California to provide Juvenile Programing and
Rehabilitative Services, valued at up to $4
million. These type of projects are aimed at supporting
those reentering the community from periods of incarceration by
providing evidence-based and individualized services that
contribute to a reduction in recidivism.
The award is a result of winning a formal competitive bid
process administered by the county. This new project is valued at
up to $4 million over a 5-year
period, consisting of a 2-year initial term with three optional
one-year extensions and is expected to generate annual recurring
revenues of approximately $800
thousand. The award will go through the customary county
approval process and negotiations before contract execution and
project launch. The project is expected to launch in the summer of
2021.
"This award is a testament to our decades of experience and
successful track record working with local law enforcement and
public safety agencies with the goal of reducing recidivism,
providing treatment and services, improving outcomes and changing
lives," commented Ordan Trabelsi,
President and CEO of SuperCom.
"With every new project, we expand the platform through which we
can offer a full range of our proprietary services and technology.
We are actively competing for more new projects around the world
and looking forward to continuing to create value for government
customers and the communities they serve," Ordan Trabelsi concluded.
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, throughout the world.
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.
SuperCom's website is http://www.supercom.com
About Leaders in Community Alternatives, Inc.
(LCA)
LCA is one of California's
leading private criminal justice organizations, providing
community-based services and electronic monitoring programs to
government agencies for more than 28 years. LCA's treatment
services are evidence-based and built on best practices designed to
break the cycle of recidivism. LCA offers a holistic approach with
programs addressing cognitive and behavioral issues and alcohol and
substance abuse. Geared towards individuals involved in cases with
criminal and family courts, LCA offers proven solutions for
governmental institutions across California in addressing realignment
strategies and plans.
LCA's website: 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, 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, 2020, filed with the U.S.
Securities and Exchange Commission (the "SEC") on April 30, 2021, 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 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
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SOURCE SuperCom Ltd