SuperCom Leverages its Technology into the Fast Growing Mobile Money Market

HERZLIYA, Israel, July 21, 2014 /PRNewswire/ --

SuperCom Ltd (NASDAQ: SPCB), a leading provider of Electronic Intelligence Solutions for National ID, Public Safety and HealthCare, announced today that it  intends to deploy a new solution for the fast growing 'Mobile Money' market. PureMoney^[TM] is SuperCom's Mobile Money solution, which leverages its innovative and highly secure core Mobile -ID technology to provide mobile money and banking services to the unbanked. SuperCom is leveraging its existing portfolio of highly innovative technologies in order to quickly penetrate this fast growing space.

Today, it is estimated that 2.5 billion people in lower and middle-income countries are unbanked, however more than 1 billion of them have access to a mobile phone. SuperCom's strong relationships, deep understanding of customer needs and vast experience with government technology infrastructures in its target markets, puts it in a powerful position to access much of this unbanked population.

SuperCom will start offering its new solution to its existing customer base as well as to other customers in these new and fast growing markets. Furthermore, the Company intends to deploy this solution to some of its existing customers during the fourth quarter of 2014.  

The development and operation of SuperCom's Mobile Money are handled out of SuperCom Inc., which is the Company's US subsidiary, based in New York City.

Commented Ordan Trabelsi, President of SuperCom Inc, "The mobile money market is still in its infancy. Projections show that by 2017, $700 billion in mobile transactions will be executed by 450 million users, representing an average annual growth rate of about 35%. We believe that our Mobile ID and Mobile Money technology, built on the back of our many years of experience in the Mobile and Electronic ID realms, will be recognized as a superior solution and we aim to win a material market share by 2016.  For SuperCom, our early penetration and capture of even a small portion of this fast growing market not only represents a huge and long-term growth opportunity, but also greatly exemplifies how we are using technology innovation to provide new and immense value to our rapidly growing customer base."

About SuperCom 

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 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.

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. 

Investor Relations Contacts:
Ehud Helft & Kenny Green
GK Investor Relations
Tel: +1-646-201-9246
[email protected]

Company Contact:
Ordan Trabelsi, President of SuperCom Inc.
Tel: +1-212-675-4606
[email protected]

SOURCE SuperCom Ltd