Companding

SuperCom Wins New Project in California Valued at Up to $2.0 million

Retrieved on: 
Wednesday, March 27, 2024
Internet of things, SPCB, Companding, TEL, Computer security, Recidivism, LCA, Renewable energy

As part of this project, LCA will provide a comprehensive jail-based program focusing on re-entry services for adult inmates, designed to support individuals transitioning back into the community.

Key Points: 
  • As part of this project, LCA will provide a comprehensive jail-based program focusing on re-entry services for adult inmates, designed to support individuals transitioning back into the community.
  • The project embodies a comprehensive, evidence-based approach aimed at significantly reducing recidivism.
  • This intent to award will go through the customary county approval process and negotiations before contract execution and project launch.
  • "This award marks an exciting expansion to a new county for SuperCom and underscores our unwavering commitment to enhancing public safety in new territories.

SuperCom Announces New EM Contract in California

Retrieved on: 
Thursday, February 8, 2024
Companding, Computer security, Partnership, Growth, Internet of things, Marketing

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.

Key Points: 
  • 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.
  • The contract terms, underpinned by a recurring lease model, reflect expansion and long-term growth potential.
  • "We are pleased to announce a second new contract in North America since the start of 2024, reflecting momentum and reputation in the industry.
  • By securing this contract and displacing an incumbent competitor, we further reinforce our position as a market leader.

SuperCom Wins New Project in Canada

Retrieved on: 
Tuesday, January 16, 2024
GPS, Trust, Computer security, Partnership, Companding, History, TEL, Internet of things, Growth, Renewable energy

TEL AVIV, Israel, Jan. 16, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce a new project win with a renowned Canadian industry partner in the tracking solutions sector. This project marks another milestone in SuperCom's journey, building on the company's successful history of delivering top-tier services and technologies.

Key Points: 
  • This project marks another milestone in SuperCom's journey, building on the company's successful history of delivering top-tier services and technologies.
  • This new project represents a new chapter in SuperCom's long-standing collaboration with this partner, transitioning from successful collaboration for providing RF-based tracking technology to embracing new GPS technologies.
  • This project not only strengthens our relationship with a valued partner but also highlights our commitment to innovation and adapting to market needs," commented Ordan Trabelsi, CEO and President of SuperCom.
  • This project exemplifies our dedication to delivering cutting-edge technology and reinforces our position as a leader in the electronic monitoring industry," Mr. Trabelsi concluded.

SuperCom Secures New USA Electronic Monitoring Contract for its PureOne and Domestic Violence Solutions

Retrieved on: 
Wednesday, December 6, 2023
Internet of things, Traction, Computer security, System, Rehabilitation, DV, E-Government Unit, Domestic violence, Companding, Human

OAKLAND, Calif., Dec. 6, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that it has secured a new contract with a prominent Kentucky-based service provider of electronic monitoring (EM) products and services. This contract marks another valuable step in SuperCom's expansion within the US, as well as progression in the deployment of its newest proprietary technologies: the new PureOne GPS bracelet and domestic violence (DV) monitoring solutions.

Key Points: 
  • This contract marks another valuable step in SuperCom's expansion within the US, as well as progression in the deployment of its newest proprietary technologies: the new PureOne GPS bracelet and domestic violence (DV) monitoring solutions.
  • Under this new contract, SuperCom will provide its cutting-edge PureOne GPS Tracking and PureProtect for DV Monitoring solutions.
  • "We are proud to see our new proprietary solutions gaining traction in new regions in the US, reaffirming our commitment to innovation and excellence in the field of electronic monitoring.
  • This new contract allows us to bring our advanced technology to more communities and aid in the crucial work of domestic violence prevention and offender monitoring.

SuperCom Reports 550% YoY EBITDA Growth and 5-Year-Record Net Profit for the Third Quarter 2023

Retrieved on: 
Tuesday, November 14, 2023
Ministry, EBITDA, Violence, Internet of things, GPS, Domestic violence, Capital, Compare Group, Computer security, Ordane Kanda-Kanyinda, Partnership, E-government, Interior, Net operating loss, House arrest, Growth, Tag (metadata), TEL, Ministry of home affairs, Companding, Working capital, LCA, Cryptocurrency, Tourism, Video game, Airline, Renewable energy, EM

TEL AVIV, Israel, Nov. 14, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported financial and operating results for the three and nine months ended September 30, 2023. 

Key Points: 
  • Third Quarter Ended September 30, 2023, Financial Highlights (Compared to the Third Quarter of 2022)
    Revenue increased to $6.8 million from $6.3 million, marking a fifth consecutive quarter of year-over-year ("YoY") revenue growth.
  • Net Income improved 107% to $0.15 million compared to Net Loss of ($2.2) million.
  • Non-GAAP Net Profit improved 256% to $1.6 million compared to Net Loss ($1.0) million.
  • A 5-year record net profit, remarkable 550% growth in EBITDA and 74% growth in gross profit margins are clear indicators of the successful execution of our growth strategy.

SuperCom to Report Third Quarter 2023 Financial Results on November 14, 2023

Retrieved on: 
Monday, November 13, 2023
Computer security, TEL, Financial result, Internet of things, Companding, Internet service provider

TEL AVIV, Israel, Nov. 13, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Tuesday, November 14, 2023, at 10:00 a.m. Eastern time (7:00 a.m. Pacific Time / 5:00 p.m. IL Time) to discuss its financial results for the third quarter ended September 30, 2023.

Key Points: 
  • TEL AVIV, Israel, Nov. 13, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Tuesday, November 14, 2023, at 10:00 a.m. Eastern time (7:00 a.m. Pacific Time / 5:00 p.m. IL Time) to discuss its financial results for the third quarter ended September 30, 2023.
  • Financial results will be issued in a press release prior to the call.
  • SuperCom management will host the conference call, followed by a question-and-answer period.

SuperCom Receives Third Order Valued at Over $3.4 Million from Romania's Ministry of Interior

Retrieved on: 
Monday, October 30, 2023
Internet of things, GPS, TEL, EM, Ministry, Computer security, Partnership, E-government, Ordan Petlevski, Ministry of home affairs, Interior, Communication, Companding, Prison

TEL AVIV, Israel, Oct. 30, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce, together with its local partner, the receipt of a third order by Romania's Ministry of Interior, further extending their successful partnership and reinforcing their commitment to Romania's National Electronic Monitoring (EM) Project. The order is valued at approximately $3.4 million and is anticipated to be delivered by the end of the fourth quarter of 2023. 

Key Points: 
  • The order is valued at approximately $3.4 million and is anticipated to be delivered by the end of the fourth quarter of 2023.
  • The recent order, valued at $3.4 million, underscores the caliber of our technology and the unwavering trust our clients have in SuperCom," said Ordan Trabelsi, President & CEO of SuperCom.
  • "This latest order reinforces our status as a global frontrunner in electronic monitoring solutions.
  • At SuperCom, we are dedicated to not only achieving excellent outcomes but also building enduring relationships with governments across the globe," Ordan concluded.

SuperCom Secures New National Program for Electronic Monitoring of Domestic Violence Offenders in Finland

Retrieved on: 
Thursday, September 21, 2023
Computer security, E-government in Europe, Justice, Puretracks, Internet of things, EM, Companding, Human, Government, Ministry, TEL, System, Ministry of Justice, Safety, Mobile phone, Renewable energy

TEL AVIV, Israel, Sept. 21, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced it has secured a new national program with the government of Finland. This program includes the deployment of SuperCom's Domestic Violence Monitoring Solution, an integral component of its PureSecurity Electronic Monitoring (EM) Suite. This achievement follows a previously successful EM project launched earlier this year in collaboration with the Ministry of Justice of Finland, focused on EM solutions for incarcerated individuals and those on probation.

Key Points: 
  • This program includes the deployment of SuperCom's Domestic Violence Monitoring Solution, an integral component of its PureSecurity Electronic Monitoring (EM) Suite.
  • The primary objective of this project is to empower Finnish authorities, safeguard victims, and proactively prevent domestic violence incidents, thereby enhancing the safety and well-being of Finnish citizens.
  • "We are delighted to secure another program for our innovative Domestic Violence Solution; this time in Finland.
  • This achievement follows our successful deployment of other monitoring solutions for inmates and individuals on probation in Finland, and successful deployment of our domestic violence solution in other nations globally.

SuperCom Receives Nasdaq Letter on Minimum Bid Requirements

Retrieved on: 
Monday, September 18, 2023
E-governance in Punjab, Internet of things, Companding, TEL, Letter, Computer security, Auction

TEL AVIV, Israel, Sept. 18, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, received a letter from Nasdaq, indicating that the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2), as the Company's closing bid price for its common stock was below $1.00 per share for the 30 consecutive business days prior to the Notice, between August 1, 2023 and September 11, 2023.

Key Points: 
  • SuperCom expects to regain compliance with the minimum bid price requirement within the upcoming 180 days compliance period.
  • Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a 180-calendar day compliance period, or until March 11, 2024, to regain compliance with the minimum bid price requirement.
  • SuperCom expects to regain compliance with the minimum bid price requirement within the compliance period.
  • The Company's Shares will continue to be listed and traded on the Nasdaq Stock Market during the 180 days compliance period.

SuperCom Secures New Electronic Monitoring Contract in California Valued at up to $3 Million

Retrieved on: 
Wednesday, August 16, 2023
E-government, Ordane Kanda-Kanyinda, LCA, Internet of things, Law enforcement, Companding, USD, Government, Computer security

OAKLAND, Calif., Aug. 16, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that, through its fully-owned subsidiary Leaders in Community Alternatives (LCA), it has secured a new contract to provide Alcohol Monitoring technologies and services in California. This contract builds on the Company's continued success in delivering high-quality services and cutting-edge monitoring solutions to government agencies. Also, it further solidifies the Company's strong position in the electronic monitoring industry.

Key Points: 
  • This contract builds on the Company's continued success in delivering high-quality services and cutting-edge monitoring solutions to government agencies.
  • Based on expected usage estimates, the contract is valued at up to USD 3 million over the initial 3-year term.
  • "Our reputation for providing reliable and high-quality electronic monitoring services was pivotal in securing the contract," commended Ordan Trabelsi, CEO and President of SuperCom.
  • With a focus on technology innovation and global expansion, SuperCom is well-positioned to help lead the electronic monitoring industry into the future," Ordan concluded.