Supercom - SPCB STOCK NEWS

SuperCom (NASDAQ: SPCB) announces plans for a new version of its cybersecurity software, enhancing protection against cyber-attacks. With over 15 years of experience, SuperCom's cybersecurity division, through subsidiaries Safend and Prevision, has been instrumental in securing government and enterprise infrastructures globally. Its technology is deployed in critical sectors, including water, electricity, and defense. The company emphasizes its commitment to meeting increasing security needs amid evolving cyber threats.

SuperCom (NASDAQ: SPCB) announced a securities purchase agreement with an institutional investor for a registered direct offering worth approximately $4.7 million. The transaction involves the sale of 7,531,585 ordinary shares or pre-funded warrants, and warrants for an additional 5,648,689 shares. The offering price is set at $0.6174 per share, with warrants exercisable at $0.70 six months post-closing. The offering is expected to close around March 1, 2022.

TEL AVIV, Israel, Feb. 17, 2022 /PRNewswire/ -- SuperCom Ltd. (NASDAQ: SPCB) will present a company overview at the Aegis Capital Corp. Virtual Conference on February 23, 2022 at 9:00 AM EST. The presentation will be accessible upon request during the event from February 23 to 25, 2022, and the slide deck will be available on SuperCom's website. Established in 1988, SuperCom specializes in secure e-Government, IOT, and Cybersecurity solutions.

SuperCom Ltd. (NASDAQ: SPCB) announced that its Chairman, Arie Trabelsi, has purchased an additional 405,000 shares of SPCB, bringing his total acquisitions to 917,000 shares as part of a commitment to buy up to 3 million shares. Trabelsi expressed confidence in the company's intrinsic value, despite current stock prices not reflecting it. The share purchases are made through a program allowing discretion based on market conditions.

Cantaloupe, Inc. has appointed Jeff Dumbrell as Chief Revenue Officer, effective January 1, 2022. With over 20 years in the payments and technology sector, Dumbrell previously held key positions at VeriFone Systems where he significantly boosted revenue. His experience includes serving as Senior VP at Boost Payment Solutions and co-founding PowaPOS. CEO Sean Feeney and Chairman Douglas Bergeron are optimistic about his contributions to Cantaloupe’s growth strategy, focusing on revenue, global sales, and customer success.

SuperCom (NASDAQ: SPCB) has secured a new customer contract following a successful product evaluation, expanding its global customer base. The company's innovative technology in house arrest and GPS monitoring has enhanced public safety solutions. CEO Ordan Trabelsi highlighted the flexibility of their tracking products, which incorporate GPS, biometrics, and advanced communication features. With ongoing evaluations in North America and Europe, SuperCom is poised for further expansion in the offender monitoring market.

SuperCom (NASDAQ: SPCB) has successfully closed a financing deal with gross proceeds of $5 million to bolster its growth. The company issued a 2-year unsecured promissory note with a 5% annual coupon, subject to a 5% balance increase every 6 months. The CEO emphasized the importance of this capital for expanding government contracts, enhancing technology, and developing their global presence. SuperCom aims to invest in R&D and improve sales and marketing to grow recurring revenue streams.

SuperCom (NASDAQ: SPCB) has secured a tender from the Israeli government to provide its proprietary PureHealth quarantine compliance solution, including PureCare smartphone and PureTag bracelet. The initial contract is set for 3 months, with potential extensions up to 36 months, generating estimated recurring revenue of approximately $3 million monthly, contingent on usage. Following successful pilot programs with high opt-in rates, this project aims to facilitate safe international travel amidst COVID-19. The contract follows new regulations enacted by Israel's Parliament for quarantine compliance technology.

SuperCom (NASDAQ: SPCB) announced a successful pilot in Israel for its COVID-19 quarantine compliance technology, featuring the PureCare smartphone and PureTag bracelet. Over 91% of travelers opted for the home quarantine program. The Israeli Ministry of Health expressed high demand for the solution, prompting SuperCom to increase its production capacity to over 20,000 units monthly. The company typically charges above $10 per day for full-service programs, potentially leading to significant revenue. The pilot demonstrates effective compliance tracking, supporting government efforts to combat the virus.