SuperCom Awarded $3.6 Million National Electronic Monitoring Project in Finland

TEL AVIV, Israel, June 28, 2021 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IOT and Cybersecurity sectors, was awarded a $3.6 million project with the national government of Finland to deploy its PureSecurity Electronic Monitoring (EM) Suite. Through its innovative and proven technology and services, SuperCom's aims to help Finland improve public safety efficacy as well as reduce prison overcrowding and lower recidivism.

The nationwide project is set to cover all electronic monitoring (EM) offender programs within the country and expected to include at least 1,000 enrollees simultaneously for a duration of 4 years, with potential for extensions. The project will include the following PureSecurity offerings: Prison inmate monitoring, GPS tracking of offenders, RF monitoring for house arrest, and officer and offender mobile solutions. This deployment is planned to integrate traditional EM with inmate monitoring in a seamless way, providing continuous tracking of offenders while they are in prison and as they are away from the facilities during short-term releases.

The award was won through a formal bid process, of which six companies took part, including the long-term incumbent and current EM vendor for Finland. Under the terms of the award, the value of the contract is approximately USD $3.6 million, however revenues recognized by SuperCom will depend on actual usage levels. The budget consists mainly of costs for leasing the EM system and equipment, as well as recurring maintenance charges. SuperCom expects to deploy the initial order and start generating revenues shortly after project launch.

This award will go through the customary standstill waiting period before contract signing is approved and the project is launched. We expect to provide further information on such in follow up announcements.

"We are pleased to have received this award, scoring higher than any of the other five players in this competitive tender, including the incumbent and current EM provider for Finland. This benchmark win signifies the third Nordic European country to select our electronic monitoring technology after Sweden and Denmark in the recent past," commented company President and CEO Ordan Trabelsi.

"Nordic countries as well as some of the others to select our EM technology are among the most advanced and evolved EM countries in the world, practicing a modernized and effective approach towards alternatives to incarceration and emphasizing offenders' successful re-entry into society. Our current flourishing EM deployments and upcoming ones can serve not only as strong reference points but also concrete validation of the effectiveness of our leading EM technology. We believe our rapid expansion and growing brand recognition, in Europe as well as the U.S., is ideally positioning us to capitalize on the expanding pipeline of EM project opportunities around the world," Ordan concluded.

SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.

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, throughout the world. 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, electronic monitoring, livestock monitoring, and building and access automation. For more information, visit www.supercom.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 anticipated effects of the COVID-19 outbreak on travel and physical locations, the levels of consumer, business and economic confidence generally, the duration of the COVID-19 outbreak and severity of such outbreak, the pace of recovery following the COVID-19 outbreak, the effect on our supply chain, our ability to implement cost containment and business recovery strategies and resulting anticipated impact of such outbreak on our business, financial condition and results of operations; the adverse effects of the COVID-19 outbreak 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, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2021, 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:
[email protected]

SOURCE SuperCom Ltd

Related Links

www.supercom.com

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