HERZLIYA, Israel, Dec. 20, 2013 /PRNewswire/ -- SuperCom
Ltd (NASDAQ: SPCB), a leading provider of e-ID, Security,
HealthCare, Homecare, and Electronic Monitoring
Solutions, today announced that it has completed the due
diligence process of the Smart ID division of On Track Innovations
(NASDAQ: OTIV).
The acquisition of the Smart ID division is expected to close on
December 24, 2013. On closing, the
employees, all contracts, software and other related technologies,
patents and other IP assets will transfer to SuperCom.
About SuperCom
Since 1988, SuperCom has been a
leading 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. 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.
SuperCom Company Contact:
Ordan Trabelsi, VP US Operations
Tel: 1 212 675 4606
ordan@supercom.com
SuperCom Investor
Relations Contacts:
Ehud Helft &
Kenny Green
GK Investor
Relations
Tel: 1 646 201
9246
supercom@gkir.com
|
SuperCom Media
Relations Contact:
Matthew
Krieger
GK Public
Relations
Tel: 1 914 768
4219
matthew@gkipr.com
|
This press release may contain forward-looking statements
within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995 and other Federal
securities laws. Because such statements deal with future events
and are based on SuperCom's current expectations, they are subject
to various risks and uncertainties and actual results, performance
or achievements of SuperCom could differ materially from those
described in or implied by the statements in this press
release. For example, forward-looking statements include
statements regarding the closing of the acquisition of the Smart ID
division. The forward-looking statements contained or implied in
this press release are subject to other risks and uncertainties,
including those discussed under the heading "Risk Factors"
in SuperCom's Annual Report on Form 20-F filed with the
Securities and Exchange Commission ("SEC") and in subsequent
filings with the SEC. Except as otherwise required by law, SuperCom
disclaims any intention or obligation to update or revise any
forward-looking statements, which speak only as of the date hereof,
whether as a result of new information, future events or
circumstances or otherwise.
SOURCE SuperCom Ltd; On Track Innovations Ltd.