SuperCom Receives $7.1 Million Follow-On Order by Romania’s Ministry of Interior
2 years ago
TEL AVIV, Israel, March 16, 2023 /PRNewswire/
SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that, together with its local partner, it received a second order valued at approximately $7.1 million from Romania's Ministry of Interior for its National Electronic Monitoring (EM) Project. This project includes the deployment of SuperCom's PureSecurity EM Suite for domestic violence monitoring, GPS Tracking of offenders, and a home detention monitoring program.
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After successfully completing the project's first phase and delivery of the initial order valued at over $8 million, a second order was received from the Romanian government, valued at approximately $7.1 million and expected to be delivered within the first half of 2023.
"We are delighted to continue our partnership with the Romanian government, supporting the nation's efforts to improve public safety through innovative technology solutions. This sizable second order, very close to project launch, is a testament not only to the effectiveness of our technology but also to the refined processes of project management and deployment that we crafted over the years," commented Ordan Trabelsi, President & CEO of SuperCom.
"With this additional order, SuperCom continues to solidify its position as a leader in the electronic monitoring market and a trusted partner to governments worldwide. With a pipeline of over $200 million of potential projects, a strong base of recurring revenues, and high win rates in competitive tenders, we continue to execute our global growth strategy," Ordan continued.
"We are proud of our team's hard work and dedication during this large-scale project's installation and deployment phase. SuperCom is committed to continuously delivering high-quality results as well as successful and timely project implementation. We are excited to move to the project's next stage and expect to secure more valuable orders from this customer," Ordan concluded.
SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with state-of-the-art GPS tracking, communication, monitoring technologies, and a secure software platform providing real-time tracking and reporting. The system was designed specifically to meet the needs of correctional facilities and law enforcement agencies, providing them with the tools they need to manage offenders effectively and ensure public safety.
About SuperCom
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, please visit SuperCom's website, www.supercom.com
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SuperCom Investor Relations:ir@supercom.comKirin Smith
PCG Advisory
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