TEL AVIV, Israel, June 16, 2021 /PRNewswire/ -- SuperCom
(NASDAQ: SPCB), a global provider of secure solutions for
the e-Government, IOT and Cybersecurity sectors, announced today
that it has executed its contract won through the Company's
fully-owned subsidiary, Leaders in Community Alternatives
(LCA), valued at up to $4 million.
The project is expected to launch in July
2021.
SuperCom, through its IoT Tracking division, will provide
juvenile programming and rehabilitative services to one of the
counties in central valley California. The project is valued at up to
$4 million over a 5-year period,
including an initial 2-year term with three optional one-year
extensions, generating annual revenues of approximately
$800 thousand.
"We are excited to launch another project in this county, a
testament to the good work we have been doing here for years. In
anticipation of the upcoming launch, we are actively
recruiting and planning as we work closely with this county to
ensure a successful implementation. As more governmental agencies
see the value of our technology solutions and services offerings,
we hope to see continued momentum in this market," commented
Ordan Trabelsi, President and CEO of
SuperCom.
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