NEW YORK, March 22, 2017 /PRNewswire/ --
SuperCom (SPCB), a global provider of secure solutions for the e-Government, Public Safety, Healthcare, and Finance sectors is pleased to announce that it, together with and through its local partner, has secured a contract offering Supercom's Pure Security Electronic Surveillance line of offender tracking and monitoring products. The contract was granted by a government customer in North America through a formal and competitive bidding process. It has a 4-year initial term with optional extension of 2 years.
Revenues for SuperCom for the project are estimated at approximately $1.7 million for a term of six years. The contract with the government customer has been executed and the project is expected to deploy and start generating recurring revenues, based on a billed daily rate per active user, within the next 3 months.
SuperCom is the technology provider and the local partner will provide services including project management to the government customer. SuperCom will supply and deliver House Arrest monitoring equipment technology, central monitoring software and technical support services to support the Electronic Supervision program in the region.
"This contract further validates the vision and hard work of our engineering and business development efforts in the electronic monitoring space. Winning in this competitive and formal bidding process with a leading North American public agency not only adds to our bottom line but will serve as another excellent reference point for opportunities all around the globe," commented Ordan Trabelsi, SuperCom's President of the Americas. "We are ready and excited to work with our local partner to begin serving this customer."
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform which introduces a long list of innovative features including smart phone integration, secure communication, multi-layer advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
Since 1988, SuperCom has been a leading global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. 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 secured Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers advanced, secure mobile payments ranging from mobile wallet to mobile POS, using a set of components and platforms to enable secure mobile payments and financial services. SuperCom is a global provider of a unique all-in-one field-proven RFID & mobile PureSecurity advanced solutions suite, accompanied by advanced complementary services for various industries, including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.
SuperCom's website: http://www.supercom.com
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 facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no 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.
Ordan Trabelsi, President, Americas