SuperCom Awarded North Carolina Sheriff's Association Technology Procurement Contract

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) has secured a significant statewide technology procurement contract from the North Carolina Sheriff's Association through a competitive RFP process. As the only new electronic monitoring technology provider selected, SuperCom can now directly contract with all North Carolina counties under preset terms, typically without additional RFP processes. The contract covers multiple solutions from SuperCom's Pure Security suite, including PureOne (one-piece GPS), PureTrack (two-piece GPS with smartphone), and PureShield (Domestic Violence solution). The company met strict requirements, including financial stability assessment and positive feedback from five active U.S. customers. The contract follows a recurring revenue model with monthly billing based on daily unit count, positioning SuperCom for potential expansion across the U.S. public safety market.

Positive

• Secured exclusive position as the only new electronic monitoring technology provider selected
• Contract enables direct access to all North Carolina counties without additional RFP processes
• Recurring revenue model with monthly billing structure
• Passed stringent requirements including financial stability assessment
• Received positive feedback from five active U.S. customers

Negative

• None.

Insights

Government Contracts Specialist

SuperCom's NC Sheriff's Association contract win creates efficient sales pathway with recurring revenue potential across all state counties.

This North Carolina Sheriff's Association contract award represents a significant procurement vehicle for SuperCom. Being selected as the only new electronic monitoring technology provider through this competitive RFP carries strategic importance beyond immediate revenue potential.

What makes this particularly valuable is the streamlined procurement process it enables. Counties across North Carolina can now contract directly with SuperCom on preset terms, typically bypassing additional RFP requirements. This dramatically shortens sales cycles and reduces administrative barriers to adoption.

The selection process was notably rigorous, requiring both financial stability assessment and direct positive feedback from five active U.S. customers. This validation strengthens SuperCom's market positioning as they compete against established players in the public safety technology space.

Multiple products from SuperCom's Pure Security suite were approved, including PureOne (one-piece GPS), PureTrack (two-piece GPS with smartphone), and PureShield (Domestic Violence solution). This product diversity allows SuperCom to address various monitoring needs across different county requirements.

The recurring revenue model (monthly billing based on daily unit count) creates predictable income streams that grow as adoption increases. Public safety contracts typically have good retention rates once implemented, as switching costs and disruption concerns make agencies hesitant to change vendors without compelling reasons.

Beyond North Carolina, this contract strengthens SuperCom's credentials when pursuing similar opportunities in other states, as procurement organizations often look for validation from peer institutions before awarding contracts.

Financial Analyst

Contract win establishes recurring revenue channel with minimal customer acquisition costs across North Carolina's 100 counties.

This procurement contract represents a potential operational efficiency breakthrough for SuperCom's North American expansion strategy. Rather than pursuing individual county contracts through separate, resource-intensive RFP processes, this agreement creates a centralized procurement channel to all 100 North Carolina counties.

The recurring revenue model is particularly attractive from a financial perspective. Monthly billing based on daily unit count creates predictable, scalable revenue streams with relatively low incremental costs once the initial onboarding is complete. This type of SaaS-like model typically commands higher valuation multiples than one-time sales approaches.

While the release doesn't quantify potential contract value, the addressable market includes North Carolina's entire corrections and public safety monitoring systems across all counties. Each new county adoption represents incremental recurring revenue with minimal additional customer acquisition costs.

The competitive nature of the RFP process and the financial stability assessment signal market validation. SuperCom's selection after financial scrutiny suggests the company demonstrates sufficient stability despite being a smaller player in the security technology sector.

This type of contract mechanism frequently accelerates sales velocity once initial deployments prove successful. Early county adopters often become reference customers, creating momentum for broader adoption throughout the state. The upcoming conference presentation represents a prime opportunity to leverage this new credibility with multiple potential customers simultaneously.

From a cash flow perspective, recurring revenue contracts generally improve forecasting reliability and reduce dependence on continuously winning new business to maintain growth trajectories.

Competitive statewide RFP win provides a platform for efficient expansion within the state

TEL AVIV, Israel, June 4, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has been awarded a statewide technology procurement contract by the North Carolina Sheriff's Association, emerging as the only new electronic monitoring technology provider selected through this competitive RFP. This contract serves as a procurement vehicle to allow all counties in North Carolina to contract directly with SuperCom on preset terms, most of the time without an additional RFP process. This strategic win is another testament to the Company's rapid expansion across the North American public safety market.

The North Carolina Sheriff's Association runs these competitive processes to identify high-quality providers and facilitate efficient purchasing for law enforcement and public safety agencies both within North Carolina and across the United States. SuperCom met stringent requirements, including an assessment of financial stability and direct positive feedback in regards to quality and satisfaction from five active U.S. SuperCom customers. Multiple solutions from SuperCom's Pure Security suite were approved for procurement under the contract, including PureOne – SuperCom's one-piece GPS solution; PureTrack – its two-piece GPS solution with smartphone; and PureShield – its Domestic Violence solution.

The Company plans to attend a large conference this summer of the North Carolina Sheriff's Association, where it will present its technology to many counties across the state. Counties that will procure SuperCom's solutions through this contract will follow a recurring revenue model, billed monthly by daily unit count.

"We are pleased with this new milestone as part of our expansion across the U.S. Winning in this competitive RFP, governed by an esteemed state-level association, signals clear progress in our business plan as we expand our presence as a valuable provider of electronic monitoring technology. Beyond the quality of our technology and services, we were happy to see that formal analysis of our financial stability and direct references from our active U.S. customers led the North Carolina Sheriff's Association to award us this contract," commented Ordan Trabelsi, President and CEO of SuperCom.

"We are continuously exploring new avenues to accelerate our U.S. expansion, and this award opens the door to a potentially impactful one," Trabelsi added. "Procurement vehicles like this—whether statewide, regional, or national—enable faster sales cycles and broader access to counties across the U.S. Given that state-level organizations often share similar requirements, this strengthens our confidence in our expansion trajectory across the U.S."

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 U.S. Securities and Exchange Commission (the "SEC") on April 28, 2025, 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 do 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

FAQ

What does the North Carolina Sheriff's Association contract mean for SuperCom (SPCB)?

The contract allows SuperCom to directly sell its electronic monitoring solutions to all North Carolina counties under preset terms, typically without additional RFP processes, enabling faster sales cycles and expansion.

What products are included in SuperCom's (SPCB) North Carolina contract?

The contract includes PureOne (one-piece GPS solution), PureTrack (two-piece GPS solution with smartphone), and PureShield (Domestic Violence solution) from SuperCom's Pure Security suite.

How will SuperCom (SPCB) generate revenue from the North Carolina contract?

SuperCom will follow a recurring revenue model, with monthly billing based on daily unit count for counties that procure their solutions.

What requirements did SuperCom (SPCB) meet to win the North Carolina contract?

SuperCom met stringent requirements including financial stability assessment and received positive feedback from five active U.S. customers.

How does the North Carolina contract impact SuperCom's (SPCB) U.S. expansion strategy?

The contract serves as a procurement vehicle that enables faster sales cycles and broader access to counties, strengthening SuperCom's expansion trajectory across the U.S.