TEL
AVIV, Israel, March 27,
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 won a new project in California, valued at up to $2 million. 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.
The award is a result of winning a formal competitive bid
process administered by the county. This new project is valued at
up to $2 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 approximately $400
thousand.
This intent to award will go through the customary county
approval process and negotiations before contract execution and
project launch. The project is expected to launch in the summer of
2024. SuperCom management expects to provide further information on
such in follow-up announcements.
"This award marks an exciting expansion to a new county for
SuperCom and underscores our unwavering commitment to enhancing
public safety in new territories. This achievement reflects our
proven expertise in delivering critical re-entry services and our
dedication to positively impacting lives and communities,"
commented Ordan Trabelsi, President
and CEO of SuperCom.
"This collaboration with a local behavioral health provider in
the project's county is a testament to our ability to forge
meaningful partnerships that amplify our impact. It is through
these collaborative efforts that we can bring our proprietary
services and technology to new heights, reinforcing our mission to
offer comprehensive solutions that address complex challenges faced
by government customers and the communities they serve,"
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 healthcare and homecare,
security and safety, community public safety, law enforcement, and
electronic monitoring.
SuperCom's website is https://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 more than 28 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, 2022, filed with the U.S. Securities
and Exchange Commission (the "SEC") on April
20, 2023, 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 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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SOURCE SuperCom