TEL AVIV, Israel, May 3, 2021 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IOT and Cybersecurity sectors announced today that through its fully-owned subsidiary, Leaders in Community Alternatives (LCA), SuperCom has won a new project in California to provide Juvenile Programing and Rehabilitative Services, valued at up to $4 million. These type of projects are aimed at supporting those reentering the community from periods of incarceration by providing evidence-based and individualized services that contribute to a reduction in recidivism.
The award is a result of winning a formal competitive bid process administered by the county. This new project is valued at up to $4 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 of approximately $800 thousand. The award will go through the customary county approval process and negotiations before contract execution and project launch. The project is expected to launch in the summer of 2021.
"This award is a testament to our 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 and CEO of SuperCom.
"With every new project, we expand the platform through which we can offer a full range of our proprietary services and technology. We are actively competing for more new projects around the world and looking forward to continuing to create value for 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
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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 or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the anticipated effects of the COVID-19 outbreak on travel and physical locations, the levels of consumer, business and economic confidence generally, the duration of the COVID-19 outbreak and severity of such outbreak, the pace of recovery following the COVID-19 outbreak, the effect on our supply chain, our ability to implement cost containment and business recovery strategies and resulting anticipated impact of such outbreak on our business, financial condition and results of operations; the adverse effects of the COVID-19 outbreak on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2021, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we not undertake any 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
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