SuperCom Secures Additional $2.9 Million in New Orders from European Governments to be Delivered Within Four Months

Rhea-AI Summary

SuperCom (NASDAQ: SPCB), a global provider for e-Government, IoT, and Cybersecurity sectors, announced new orders worth $2.9 million from European governments. These orders are expected to be delivered within four months. This marks the third group of orders from Europe in 90 days, totaling over $11 million. CEO Ordan Trabelsi highlighted that these consecutive orders reflect the trust in SuperCom's advanced technology and their commitment to public safety. The PureSecurity Suite, an electronic monitoring solution, is designed to meet the needs of correctional facilities and law enforcement agencies.

Positive

• SuperCom secured $2.9 million in new orders.
• Total new orders from Europe amount to over $11 million in 90 days.
• Strengthens collaboration with European governments.
• Highlights leadership in the electronic monitoring sector.

Negative

• None.

Totaling over $11 million in new orders from Europe in less than 90 days

TEL AVIV, Israel, July 11, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce the receipt of new orders from European governments valued at $2.9 million. These orders are expected to be delivered in the next four months. This is the third group of orders from European clients in the past 90 days, bringing the total value of new orders from the region to over $11 million in this period.

"We are delighted to continue our strong collaboration with European governmental clients," stated Ordan Trabelsi, President & CEO of SuperCom. "These consecutive orders underscore the confidence our customers have in SuperCom's advanced technology and our unwavering commitment to enhancing public safety. It is a testament to our team's dedication to delivering high-quality, reliable solutions."

"Securing over $11 million in new orders from Europe in less than 90 days is a significant achievement for SuperCom. It highlights our leadership in the electronic monitoring sector and our ability to meet our clients' evolving needs consistently. We are committed to ensuring successful project execution and fostering lasting partnerships with governments worldwide," 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, 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 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, 2023, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 22, 2024, 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

FAQ

What is the value of the new orders SuperCom received from European governments?

SuperCom received new orders valued at $2.9 million from European governments.

How much has SuperCom secured in total orders from Europe in the past 90 days?

SuperCom has secured over $11 million in new orders from Europe in the past 90 days.

When will SuperCom deliver the new $2.9 million orders?

The new $2.9 million orders are expected to be delivered within four months.

What is SuperCom's PureSecurity Suite?

SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with GPS tracking, communication, and monitoring technologies, designed for correctional facilities and law enforcement agencies.

What sectors does SuperCom operate in?

SuperCom operates in the e-Government, IoT, and Cybersecurity sectors.