HERZLIYA, Israel and NEW YORK, January 21, 2015 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a leading provider of Electronic Intelligence Solutions for e-Government, Public Safety and Healthcare, announced today that it anticipates revenue growth for the full year ended December 31, 2015 to exceed 40% on a year-over-year basis and anticipates non-GAAP EPS for the 2015 to exceed $1.20 per share.
"SuperCom has won new contracts exceeding $60 million during 2014, and more than $25 million of this is expected to be booked during the next nine months, giving us a strong base to start 2015," commented Arie Trabelsi, SuperCom's President and CEO. "This new business demonstrates increasing demand for our e-ID, e-Passport and e-Gate solutions, and we are encouraged by the number, quality and size of opportunities we have in our sales pipeline. The progress made during 2014 bolsters our confidence as we head into 2015, and I have never been more optimistic about SuperCom's future. Macroeconomic conditions have not materially impacted the overall market and incremental growth, coupled with our growing base of multi-year contracts, sets the stage for a strong end to 2014 and an even more robust 2015."
"We are also realizing the strategic benefits of our acquisition of our e-ID competitor, in late 2013," added Mr. Trabelsi. "In addition to significant cost synergies and added scale, this acquisition is bolstering our ability to win business around the world. The investments we have made in our sales organization over the last 18 months are driving improved sales execution today. In addition, beyond the optimism we see in our e-ID segment, we are increasingly optimistic about the opportunities in our M2M (IoT) and mPay segments. By leveraging our existing expertise, our robust innovative solution in these two rapidly growing segments represent a significant upside opportunity for shareholders."
The Company expects to report its fourth quarter and full year 2014 results during the third week of March, 2015.
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:
Brett Maas / Rob Fink
+1-(646)-536-7331 / +1-(646)-415-8972
[email protected] / [email protected]
Ordan Trabelsi, President North America
SOURCE SuperCom Ltd