Delivery and revenue recognition expected in the
fourth quarter of 2023
TEL
AVIV, Israel, Oct. 30,
2023 /PRNewswire/ -- SuperCom (NASDAQ:
SPCB), a global provider of secured solutions for the
e-Government, IoT, and Cybersecurity sectors, is pleased to
announce, together with its local partner, the receipt of a third
order by Romania's Ministry of
Interior, further extending their successful partnership and
reinforcing their commitment to Romania's National Electronic Monitoring (EM)
Project. The order is valued at approximately $3.4 million and is anticipated to be delivered
by the end of the fourth quarter of 2023.
Building upon the successful execution of two prior orders
totaling approximately $15.1 million,
this order continues the expansion of Romania's EM program based on SuperCom's
PureSecurity Suite for domestic violence monitoring, GPS Tracking
of offenders, and home detention monitoring.
"We are excited to extend our collaboration with the Romanian
government on this pivotal initiative. The recent order, valued at
$3.4 million, underscores the caliber
of our technology and the unwavering trust our clients have in
SuperCom," said Ordan Trabelsi,
President & CEO of SuperCom.
"The Romanian Project is progressing as planned. Thanks to our
expert team and state-of-the-art technology, we've ensured flawless
execution, consistently meeting and surpassing stakeholder
expectations," added Ordan.
"This latest order reinforces our status as a global frontrunner
in electronic monitoring solutions. At SuperCom, we are dedicated
to not only achieving excellent outcomes but also building enduring
relationships with governments across the globe," Ordan
concluded.
SuperCom's PureSecurity Suite is an end-to-end electronic
monitoring solution with state-of-the-art GPS tracking,
communication, monitoring technologies, and a secure software
platform providing real-time tracking and reporting. The system was
designed specifically to meet the needs of correctional facilities
and law enforcement agencies, providing them with the tools they
need to manage offenders effectively and ensure public safety.
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. For more
information, please visit SuperCom's website,
www.supercom.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 levels of consumer, business and
economic confidence generally, the adverse effects of these risks
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, 2022, filed with the U.S. Securities
and Exchange Commission (the "SEC") on April
20, 2023, 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