- SuperCom, through its fully-owned subsidiary, Leaders in Community Alternatives (“LCA”), just closed a multi-million dollar contract in California that will run until 2026
- The contract marks another substantial achievement for SuperCom, building on a track record of securing numerous electronic monitoring contracts in the U.S. and Europe
- The company’s management notes how well it is positioned to help the electronic monitoring industry move into the future
SuperCom (NASDAQ: SPCB), a leading global provider of traditional and digital identity security solutions offering advanced safety, identification, and security products and solutions to governments, just closed a multi-million dollar contract in California. The contract, secured through SuperCom’s fully-owned subsidiary, Leaders in Community Alternatives (“LCA”), will see the company provide alcohol monitoring technologies and services in the state and will run until 2026, including an initial 3-year period with the potential for future extensions (https://nnw.fm/yLXiq).
“Our reputation for providing reliable and high-quality electronic monitoring services was pivotal in securing the contract,” noted Ordan Trabelsi, SuperCom’s President and CEO. “We are proud to have been chosen once again to support California’s criminal justice system,” he added.
The contract marks another substantial achievement for SuperCom, building on a track record of securing numerous electronic monitoring (“EM”) contracts in the U.S. and Europe. Thus far, through its EM platforms, the company has helped governments and national agencies design, launch, and operate numerous EM programs worldwide (https://nnw.fm/upIJK).
SuperCom has also made a name for itself in the cybersecurity space. Through two key acquisitions – Prevision Ltd. and Safend Ltd., the company has positioned itself as an international provider of cutting-edge endpoint data protection, encryption, and comprehensive device and port control.
The electronics monitoring solutions market is expected to hit $2.1 billion in 2026, while the global cybersecurity market is expected to be valued at $266.2 billion by 2027.
“As we move forward, we remain committed to fostering strong partnerships, driving technological advancements, and delivering top-tier solutions that address the unique challenges faced by the criminal justice system,” noted Ordan.
The company’s management believes these moves position it to help lead the electronic monitoring industry into the future. The California contract validates SuperCom’s current market position while affirming its commitment to delivering high-quality services and cutting-edge monitoring solutions to government agencies.
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)waa
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
No comments:
Post a Comment