SuperCom Wins New Project in California Valued at up to USD 3.7 million

NEW YORK: SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IOT and Cybersecurity sectors announced today that its subsidiary, Leaders in Community Alternatives (LCA), has won a new project contract with a California county to provide juvenile day reporting services.

The contract focuses on services to youth which include case management, substance abuse education, community service projects, and program support services. The contract is a result of winning a formal competitive bid process administered by the county. LCA has provided services in this county for many years, including reentry services and electronic monitoring.

This new contract, which expands existing services provided by LCA, is valued at up to $3.7 million over a 5-year period, consisting of a 3-year initial term with two optional one-year extensions and is expected to generate annual recurring revenues of up to $750 thousand, higher than the prior contract, which generated annual recurring revenues of $400 thousand. The initial deployment and generation of recurring revenues are expected to commence in the summer of 2019.

The selection of LCA to continue and expand our services is a testament to our established and stable relationships with our customers. LCA's track record of providing programs and services that meet the needs of the public agencies we work with is recognized through continued awards and expanded contracts, commented Ordan Trabelsi, President of SuperCom Americas.

The contract solidifies our presence in the county, where we offer a full range of services including electronic monitoring and adult reentry services. This integration of offerings and our proprietary technology provide us valuable competitive advantages in these formal government bid processes. We look forward to leveraging these advantages to continue to win contracts with new and existing customers around the world, Ordan Trabelsi concluded.
(PRN | 8 months ago)

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SuperCom Wins New Project in California Valued at up to USD 3.7 million