SuperCom Secures New Contract in Virginia, Rapid U.S. Expansion Continues

Core Insights - SuperCom has secured a new electronic monitoring contract in Virginia, marking its ninth entry into a U.S. state since mid-2024, which highlights the company's rapid expansion in North America [1][4] - The Virginia service provider selected SuperCom after a thorough evaluation, demonstrating the company's competitive advantages in performance and innovation, leading to the displacement of the incumbent vendor [2][4] - SuperCom will transition the provider's current GPS electronic monitoring program to its PureOne™ GPS tracking technology, positioning itself as the primary technology partner for current and future operations in Virginia [3][4] Financial Performance - In the first quarter of 2025, SuperCom reported a record net income of $4.2 million and gross margins of 63.3%, indicating strong financial performance and growth potential [4] Strategic Expansion - The new contract in Virginia is part of SuperCom's broader U.S. expansion strategy, which aims to enter new regions, enhance recurring revenue, and support public safety with advanced technology [4]