Displacing incumbent competitor with innovative PureOne
solution
OAKLAND,
Calif., Feb. 8, 2024 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of
secured solutions for the e-Government, IoT, and Cybersecurity
sectors, is excited to announce it has secured a new contract with
an established California services
provider in the judicial sector. This contract, already operational
and generating revenue, is particularly notable for SuperCom's
successful displacement of a long-time incumbent competitor,
primarily due to its new innovative PureOne solution.
This strategic collaboration aligns with SuperCom's vision of
expanding its footprint in the US market and demonstrates its
competitive edge in delivering superior technology solutions. The
contract terms, underpinned by a recurring lease model, reflect
expansion and long-term growth potential.
This partnership with a new customer highlights SuperCom's
ability to forge new, valuable relationships in the US. The
open-ended nature of the contract offers substantial opportunities
for scaling and long-term collaboration, indicating both the
resilience and adaptability of SuperCom's business model.
"We are pleased to announce a second new contract in
North America since the start of
2024, reflecting momentum and reputation in the industry. This
collaboration showcases not only our ability to compete in the
market successfully but also our commitment to innovation and
customer satisfaction," commented Ordan Trabelsi, CEO and President of
SuperCom.
"Introducing our PureOne solution was a game-changer in securing
this contract. It underscores our competitive edge and commitment
to providing innovative and superior technology solutions. By
securing this contract and displacing an incumbent competitor, we
further reinforce our position as a market leader. We view our
recent wins as indicators of our growing influence and expansion
potential in North America and
worldwide," Mr. Trabelsi concluded.
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.
SuperCom's website is http://www.supercom.com
Cautionary Note Regarding Forward-Looking
Statements
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 levels of consumer, business and
economic confidence generally, the adverse effects of these risks
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, 2022, filed with the U.S. Securities
and Exchange Commission (the "SEC") on April
20, 2023, 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.
Logo -
https://mma.prnewswire.com/media/1717536/SuperCom_Logo.jpg
SuperCom Investor Relations:
ir@supercom.com
View original
content:https://www.prnewswire.com/news-releases/supercom-announces-new-em-contract-in-california-302057579.html
SOURCE SuperCom