Expected to generate nearly $500,000 in annual recurring revenue, this new
contract continues SuperCom's momentum as the fourth new contract
win in North America in
2024
TEL
AVIV, Israel, May 23, 2024
/PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global
provider of secure solutions for the e-Government, IoT, and
Cybersecurity sectors, announced today that its fully-owned
subsidiary, Leaders in Community Alternatives (LCA), has secured a
new contract to provide housing and evidence-based case management
services to youth and those transitioning from housing. This
program is set to begin in the summer of 2024 and will run for an
initial term of two years. The client has indicated it plans to
extend the program after this two-year period.
The initiative represents a significant collaboration between
LCA, its local partners. The program aims to support youth
reentering the community by delivering high-quality, individualized
services that link them to appropriate resources and support
systems, ultimately aiding in their successful reintegration and
reducing recidivism.
"We are honored to lead this critical initiative. This program
underscores our commitment to providing comprehensive support
services that make a tangible difference in the lives of young
individuals. By focusing on evidence-based case management, we are
addressing some of the most pressing needs of youth in transition,"
commented Ordan Trabelsi, President
and CEO of SuperCom.
"This new contract allows us to expand our reach and offer our
services to a new community. We are dedicated to creating
value for government customers and the communities they serve, and
we look forward to the positive outcomes this program will achieve.
With this new project, SuperCom continues to strengthen its
position as a leader in providing rehabilitative services and
secure solutions while actively pursuing additional opportunities
to serve communities worldwide," Ordan
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, worldwide. 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 security and safety,
community public safety, law enforcement, electronic monitoring,
and domestic violence prevention. For more information, please
visit SuperCom's website, www.supercom.com
About Leaders in Community Alternatives, Inc.
(LCA)
LCA is one of California's
leading private criminal justice organizations, providing
community-based services and electronic monitoring programs to
government agencies for over 33 years. LCA's treatment services are
evidence-based and built on best practices designed to break the
cycle of recidivism. LCA offers a holistic approach with programs
addressing cognitive and behavioral issues and alcohol and
substance abuse. Geared towards individuals involved in cases with
criminal and family courts, LCA offers proven solutions for
governmental institutions across California in addressing realignment
strategies and plans. LCA's website:
http://www.lcaservices.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, 2023, filed with the U.S. Securities
and Exchange Commission (the "SEC") on April
22, 2024, 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 do 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.
SuperCom Investor Relations:
ir@supercom.com
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