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SuperCom Ltd. (NASDAQ: SPCB) Is Helping to Lead Electronic Monitoring Industry into the Future Following Major California Contract
August 29, 2023

SuperCom Ltd. (NASDAQ: SPCB) Is Helping to Lead Electronic Monitoring Industry into the Future Following Major California Contract

  • 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://ibn.fm/g8Kuh).

“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://ibn.fm/fauLo).

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 http://ibn.fm/SPCB

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