SuperCom Names Shai Vardi as VP of Secure Financial Solutions

HERZLIYA, Israel, December 23, 2014 /PRNewswire/ --

SuperCom (NASDAQ: SPCB), a leading provider of Digital Security Solutions for e-Government, Public Safety, HealthCare, and Mobile Payment solutions announced today that it has named Mr. Shai Vardi as its new VP of Secure Financial Solutions.

Mr. Shai Vardi brings over 20 years of experience as an executive in the technology industry, including managing large scale divisions with over a thousand employees and hundreds of million dollar projects. He is an expert in Financial Technology, Cyber Security and Home land security.

Mr. Vardi previously served for 10 years as an Executive Vice President & CIO at Israel Discount bank (DSCT:IT), where he lead the bank's technology and planning divisions and global IT operations. Prior to that, he served for 7 years as Commander / Colonel in the Israel National Police as the head of information technology.

"We are very pleased to welcome Shai to the SuperCom family. Given his strong background in information technology, secure banking and financial services along with his deep understanding of customer needs in the finance and banking sectors globally, we expect he will be a very valuable asset. We look forward to him helping us better serve the fast growing global e-banking and payments sectors as we move ahead with our strategy to become a key mobile payment Solution provider." commented Mr. Arie Trabelsi, President of SuperCom.

"I am very proud to join SuperCom. I see in SuperCom a great opportunity as a fast growing company and believe that its solutions for secure mobile payments can quickly make it a true market leader in the space. This advanced secure mobile payments suite that ranges from mobile wallet to mobile POS , allowing customers to securely make payments using any mobile device and merchants to turn any mobile device or any existing POS into as a secure mobile payment POS," commented Mr. Shai Vardi.

About SuperCom 

Since 1988, SuperCom has been a leading 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 secured 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.

SuperCom's website: http://www.supercom.com

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 facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no 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.

Investor Relations Contacts:
Matthew Selinger                     
MZ Group Tel:                        
Tel: +1-949-298-4319                 
[email protected]

Company Contact:
Ordan Trabelsi, President, North America
1 212 675 4606
[email protected]

SOURCE SuperCom Ltd

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