NEW YORK, April 11, 2019 /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, Leaders in Community Alternatives (LCA), has won a new project contract with a North California county to provide adult day reporting services. The contract focuses on reentry services which include case management, substance abuse education, job preparedness and job placement. The contract is a result of winning a formal competitive bid process administered by the county. LCA has provided services in this county for many years, including reentry services and electronic monitoring. This new contract, which expands the scope of reentry services from a single site to multiple sites, is valued at up to $6.0 million over a 5-year period, consisting of a 3-year initial term with two optional one-year extensions and is expected to generate annual recurring revenues of $1.2 million, higher than the prior contract, which generated annual recurring revenues of up to $700 thousand. The initial deployment and generation of recurring revenues are expected to commence in the summer of 2019.
"The award of this new contract with a long term existing LCA customer is a testament to the competitive advantage of our customized offerings and the strong relationships with our customers. We attribute this win also to our successful track record of creating customized programs that best suit the needs of public agencies to address specific criteria related to reducing recidivism, improving outcomes, as well as providing treatments and services related to substance abuse, pro-social thinking and ultimately changing behavior," commented Ordan Trabelsi, President of SuperCom Americas.
"This contract increases our presence in the county, providing a platform for LCA to offer a full range of services to the county, including increased use of electronic monitoring. As we win and deploy more projects in this sector, we build our reference base of satisfied customers which helps us expand into more locations nationally and internationally. 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.
SuperCom's website is http://www.supercom.com
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 25 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