TEL AVIV, Israel, June 4, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-government, public safety, healthcare, and finance sectors, announced today it was awarded a new 5-year contract with the national government of Latvia to deploy its enhanced PureSecurity Electronic Monitoring (EM) Suite, including both RF House Arrest and GPS tracking.
The nationwide program with the Ministry of Justice is set to cover all cases nationwide requiring electronic monitoring of offenders using both RF House Arrest and GPS Tracking solutions. SuperCom will deploy its enhanced PureSecurity product suite introducing many enhancements and new capabilities which have been developed over the past years.
The award was won through a formal government-led bid process, including three companies, in which SuperCom was awarded the highest number of points for the quality portion of the RFP, including technology and solution, in addition to the overall highest score. The project will be billed at a monthly lease rate and is expected to start generating steady-state recurring revenues within a few months from project launch.
This award will go through the customary standstill waiting period before contract signing is approved and the project is launched. Further information is expected to be provided in subsequent announcements.
"We are pleased to announce yet another win in Europe for our EM business after a 5-year-long successful EM program which we have deployed and serviced in this country. In the previous program, the Latvian Probation Services was pioneering EM in the country, and we were honored to assist them in implementing this new technology and framework for their nation. We are happy to be awarded again and launch another 5-year project, with a broader set of technical capabilities. This emphasizes the increasing needs for outstanding technology in this industry as well as the continued confidence existing customers have in our solutions, " said company President and CEO Arie Trabelsi.
"This selection is another signal that more and more EM countries, both in Europe and throughout the developed world are turning to SuperCom's technology to support their public safety efforts. This also reflects a greater overall shift to a more modernized, effective approach towards alternatives to incarceration and an emphasis on offenders' successful re-entry into society, " concluded Arie Trabelsi.
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
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. For more information, visit 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 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
Tel: 1 212 675 4606
SOURCE SuperCom Ltd