NEW YORK, March 18, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IOT and Cybersecurity sectors announced today that its subsidiary, Leaders in Community Alternatives (LCA), has won a new project with a California Central Valley county to provide employment and anger management services, valued at up to $3.8 million. The project delivers services to adults with a focus on workforce services, employment readiness, and anger management to reduce recidivism.
The award is a result of winning a formal competitive bid process administered by the county. This new contract is valued at up to $3.8 million over a 5-year period, consisting of a 2-year initial term with three optional one-year extensions and is expected to generate annual recurring revenues in excess of $750 thousand. The project is expected to commence in July of 2020.
"This award is a testament to LCA's decades of experience and successful track record working with local law enforcement and public safety agencies with the goal of reducing recidivism, providing treatment and services, improving outcomes and changing lives," commented Ordan Trabelsi, President of SuperCom Americas.
"We look forward to continuing to provide our proprietary technology and services to create value for our government customers and the communities they serve," Ordan Trabelsi concluded.
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, 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 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, livestock monitoring, and building and access automation.
About Leaders in Community Alternatives, Inc. (LCA)
LCA is one of California's leading private criminal justice organizations, providing community-based services and electronic monitoring programs to government agencies for more than 28 years. LCA's treatment services are evidence-based and built on best practices designed to break the cycle of recidivism. LCA offers a holistic approach with programs addressing cognitive and behavioral issues and alcohol and substance abuse. Geared towards individuals involved in cases with criminal and family courts, LCA offers proven solutions for governmental institutions across California in addressing realignment strategies and plans.
LCA's website: http://www.lcaservices.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.
SuperCom Corporate Contact:
Ordan Trabelsi, President Americas
SOURCE SuperCom Ltd