HERZLIYA, Israel, May 19, 2016 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors announced today that its subsidiary, PowaPOS, has received orders totaling over $1.1 million from Latin American distributors within the first month since joining SuperCom on April 18, 2016.
PowaPOS is the developer of a fully-integrated mobile and tablet-based system integrating industry-leading retail and secure payment solutions into one simplified, attractive and robust POS platform.
PowaPOS expects to deliver the orders in the next few months. The new orders consist of implementation of several interconnected PowaPOS modules including the T25 POS, S10 Scanner for the T25 and PowaPOS Cash Drawer.
"The recent combination with SuperCom has enabled PowaPOS to drive accelerating interest in our innovative solutions, resulting in more than $1.1 million worth of orders from existing and new customers," commented Mr. Zvi Mitlanski, Vice President, Secure Payment and Retail Solutions. "This growing demand demonstrates the product leadership, innovation and support for the PowaPOS products and is a part of the growing opportunity of small and medium business segment globally."
Jeff Dumbrell, CEO, PowaPOS commented, "Being part of SuperCom allows us to provide enhanced support, expand our presence in major geographies and grow our network of partners to deliver our best of breed solutions to merchants across the world."
With a presence in more than 20 countries and an install base across over 150 cloud-based POS software providers, SuperCom remains encouraged by the market opportunity for PowaPOS products and solutions. This strong start reinforces SuperCom's enthusiasm for its acquisition of the PowaPOS technology and its belief that it will be a value-added solution to its secure payment customers around the world.
PowaPOS is a market-leading point-of-sale ("POS") platform purpose-built to meet market demand for mobile and tablet-based payments. The PowaPOS T25's fully integrated design incorporates all common retail peripherals into a compact and cost-effective footprint. Powered by a single power cord, the PowaPOS platform features a universal tablet mount, built-in thermal printer, 2D barcode/QR code scanner, swiveling design with customer/clerk orientation sensor, and the PowaPOS Cash Drawer. More than 150 POS software developers around the world have already integrated with the T25 using the advanced and simple to use PowaPOS SDK. The PowaPOS SDK works with virtually all iOS, Android and Windows POS software applications, as well as third-party payment devices and many other retail peripherals.
PowaPOS's website is http://www.powapos.net
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 is 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.
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