SuperCom Wins First State-Level Department of Corrections Contract in the United States, Marking Major Milestone in Nationwide Expansion
Rhea-AI Summary
SuperCom (NASDAQ: SPCB) won its first state-level Department of Corrections contract in the United States, awarded by Arizona under the statewide Behavioral Health services program. The contract includes deployment of SuperCom's GPS-based electronic monitoring technology and implementation is expected to begin in January 2026. The award follows a formal partnership with an Arizona service provider and displaced the incumbent vendor, positioning PureSecurity at the DOC/state-agency level.
The company reported record net income of $6 million and gross margins above 60% for the first nine months of the year, which management cited as supporting capacity for larger state programs.
Positive
- First U.S. state-level DOC contract (Arizona) starting Jan 2026
- Contract includes GPS-based electronic monitoring deployment
- Record net income $6 million for first 9 months of the year
- Reported gross margins above 60% for first 9 months
- Partnership model displaced incumbent and created a state reference
Negative
- None.
News Market Reaction
On the day this news was published, SPCB gained 1.84%, reflecting a mild positive market reaction. Argus tracked a peak move of +3.8% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $803K to the company's valuation, bringing the market cap to $44M at that time.
Data tracked by StockTitan Argus on the day of publication.
Together with Strategic Partner Awarded State-Level Contract in Arizona State and Displaces Incumbent Vendor
This award marks a significant milestone in SuperCom's
A key factor in winning this statewide opportunity was SuperCom's partnership with a leading
"Securing our first state-level DOC contract in
"We've seen a similar path in our European expansion where we started off with projects under
"With record net income of
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, 2023, filed with the
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SuperCom Investor Relations:
ir@supercom.com
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SOURCE SuperCom