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Rhea-AI Summary
SuperCom (NASDAQ: SPCB) won Germany's national electronic monitoring contract to deploy its PureSecurity Electronic Monitoring Suite across domestic violence monitoring, GPS offender tracking, home detention, and alcohol monitoring programs. The award displaces a more-than-20-year incumbent and is described as the company's ninth national selection for its domestic violence solution.
The total program budget is estimated at $7 million over up to 4 years, and actual revenue to SuperCom will depend on usage levels during the term.
Positive
- Awarded national German EM contract covering multiple programs
- Program budget of $7 million over up to 4 years
- Displaced over-20-year incumbent vendor in Germany
- Marks the 9th nation to select the company's domestic violence solution
Negative
- Revenue recognition is contingent on usage levels and not guaranteed
- Program budget ($7 million) may be limited relative to large-scale national programs
Strategic win displaces the over 20-year incumbent technology provider for
The contract was awarded through a competitive tender process involving multiple international vendors. The government agency running the program has been a longstanding pioneer in electronic monitoring in
"We are thrilled to announce winning the national electronic monitoring project in
"This award builds on our strong international momentum, including over 15 national EM project wins across
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring platform offering a comprehensive set of features, including advanced GPS and RF tracking, anti-tamper mechanisms, multi-factor biometrics, secure communications, extensive historical data, seamless third-party system integration, and an ultra-lightweight ankle-bracelet with proprietary energy efficiency algorithms for long battery life. Its modular architecture supports a wide range of use cases, including domestic violence prevention, community supervision, and rehabilitation programs.
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, and domestic violence prevention. 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, 2024, filed with the
SuperCom Investor Relations:
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SOURCE SuperCom