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SuperCom Issues Shares at Price of $43.7 per Share, Significant Premium to Market, to Pay $4.37 Million of Outstanding Debt
Prnewswire· 2025-01-23 14:05
The shares issuance and other favorable terms agreed upon with SuperCom's senior lender increase the free cash flows to be used by the company to support its growth strategyTEL AVIV, Israel, Jan. 23, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the issuance of 100,000 of its ordinary shares at a price of $43.74 per share, which reflects a significant premium to the last closing price, to pay down $4. ...
SuperCom Signs Contract with Multi-State Electronic Monitoring Service Provider to Boost U.S. Market Expansion
Prnewswire· 2025-01-21 12:34
Established Service Provider with Presence in West Coast, Northeast, and Southeast U.S. Regions Chooses SuperCom above CompetitionTEL AVIV, Israel, Jan. 21, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce it secured a new contract with a U.S. multi-state electronic monitoring service provider. This collaboration marks a valuable milestone in SuperCom's U.S. expansion strategy. In addition to Sup ...
SuperCom Secures First Agency Contract in Ohio, Rapid U.S Expansion Continues
Prnewswire· 2025-01-13 11:37
This Marks 20th New Contract and Sixth New State Entry in the U.S. Since Summer of 2024TEL AVIV, Israel, Jan. 13, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has secured a new electronic monitoring (EM) contract with a Juvenile Probation Agency in Ohio. This contract marks SuperCom's first project with a government agency in Ohio and its entry into its sixth new U.S. state since the summer o ...
SuperCom Secures First Contract in Alabama, Rapid US Expansion Continues
Prnewswire· 2025-01-06 14:26
10 new contracts in the USA signed in just 60 days, reflecting record expansion speed TEL AVIV, Israel, Jan. 6, 2025 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has secured a new contract to provide its advanced GPS tracking and domestic violence (DV) monitoring solutions to a government agency in Alabama. This achievement marks SuperCom's 5th entry into a new US state since August 2024 and its 1 ...
SuperCom Secures New Contracts with South Dakota Sheriff Agencies, Accelerating U.S. Expansion
Prnewswire· 2024-12-30 14:13
Company Expansion - SuperCom has secured seven electronic monitoring contracts with county Sheriff agencies in South Dakota, marking its first entry into the state [1][3] - South Dakota is the fourth new state SuperCom has entered since August 2024, highlighting the company's rapid expansion in the US market [3][6] Technology and Solutions - The contracts will feature SuperCom's PureOne technology, known for real-time GPS tracking, robust communication capabilities, and reliable performance in both urban and rural environments [1] - PureOne technology is increasingly adopted by law enforcement agencies, meeting their evolving needs and strengthening SuperCom's position as a trusted partner in public safety technology [7] Company Background - SuperCom has been a global provider of traditional and digital identity solutions since 1988, offering advanced safety, identification, and security solutions to governments and organizations worldwide [5] - The company provides e-Government platforms, biometrics enrollment, personalization, issuance, border control services, and an all-in-one RFID & mobile technology suite for various industries [5] Leadership Statement - Ordan Trabelsi, President and CEO of SuperCom, expressed excitement about introducing PureOne technology to South Dakota Sheriff agencies and supporting their mission to enhance public safety [5] - Trabelsi emphasized that the rapid entry into new territories reflects the growing demand for reliable, advanced monitoring solutions and the company's commitment to delivering real value to law enforcement agencies [5][7]
SuperCom Launches New Domestic Violence Monitoring Project with the State Police of Latvia
Prnewswire· 2024-12-23 14:18
Company Overview - SuperCom is a global provider of secure solutions for e-Government, IoT, and Cybersecurity sectors, offering advanced safety, identification, and security solutions to governments and organizations worldwide [1][2] - The company specializes in traditional and digital identity solutions, including biometrics enrollment, personalization, issuance, and border control services, and provides an all-in-one RFID & mobile technology suite [2] - SuperCom has been operational since 1988 and has established itself as a leader in public safety, law enforcement, electronic monitoring, and domestic violence prevention [2] Recent Project Launch - SuperCom successfully launched a new electronic monitoring (EM) project in Latvia, marking its third national contract in the country [1] - The project includes domestic violence prevention and utilizes the company's PureSecurity EM Suite, featuring GPS tracking devices, secure communications, and real-time monitoring capabilities [5] - This initiative strengthens SuperCom's position as a leader in the European public safety market and represents its 6th national domestic violence project in Europe [3][6] Technology and Solutions - The PureSecurity EM Suite is a trusted tool for public safety agencies in Europe, providing tailored solutions to enhance public safety and security [6] - SuperCom's technology supports the State Police of Latvia in overseeing offenders and improving prevention and response to domestic violence cases [5] Market Expansion and Leadership - The Latvia project demonstrates SuperCom's ability to execute complex initiatives and reinforces its growing leadership in the European public safety market [3] - The company is expanding its presence across Europe and is dedicated to helping government agencies tackle complex public safety challenges [6]
Super .(SPCB) - 2024 Q3 - Earnings Call Transcript
2024-11-14 19:43
SuperCom Ltd. (NASDAQ:SPCB) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Ordan Trabelsi - President, CEO & Director Conference Call Participants Matthew Galinko - Maxim Group Operator Ladies and gentlemen, good morning, and welcome to SuperCom's Third Quarter 2024 Financial Results and Corporate Update Conference Call. [Operator Instructions], and is also being recorded for playback purposes. Joining me on SuperCom's leadership team is Ordan Trabelsi, SuperCom's Presid ...
SuperCom Reports $1.6 EPS, $3.1 Non-GAAP EPS, and Positive Free Cash Flows for the First Nine Months of 2024
Prnewswire· 2024-11-14 13:40
Q3 2024: Revenue $6.9 million; Free Cash Flows of $1.2 million; EBITDA $1.1 million TEL AVIV, Israel, Nov. 14, 2024 /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, 2024. First Nine Months Ended September 30, 2024, Financial Highlights (Compared to First Nine months of 2023) Revenue increased to $21.3 million from $20.9 million. ...
SuperCom to Report Third Quarter 2024 Financial Results on November 14, 2024
Prnewswire· 2024-11-11 14:38
TEL AVIV, Israel, Nov. 11, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, will hold a conference call on Thursday, November 14, 2024, at 10 a.m. Eastern time (7 a.m. Pacific Time / 5 p.m. IL time) to discuss its financial results for the third quarter ended September 30, 2024. Financial results will be issued in a press release prior to the call.SuperCom management will host the conference call, followed by a question ...
SuperCom to Present at LD Micro Invitational XIII
Prnewswire· 2024-10-21 11:00
TEL AVIV, Israel, Oct. 21, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced that the Company's President and CEO, Ordan Trabelsi, will present a corporate overview and host one-on-one meetings with investors at the 17th Annual LD Micro Main Event at the Luxe Sunset Boulevard Hotel, California on October 28th-30th, 2024. The presentation will begin at 2:00 PM PT (5:00 PM ET) on October 30th.We invite intereste ...