SuperCom starts biometric location tracking pilots in new regions, gets Nasdaq letter on late filing
SuperCom’s people location tracking technology will be implemented in three pilots in the Caribbean, Central America and South America, with equipment on its way, the company announced.
Some of the shipped equipment, which includes proprietary secure smartphones with optional lightweight and waterproof ankle-bracelets, is part of the PureHealth COVID-19 suite, while the rest is part of its PureSecurity electronic offender monitoring suite. The tools aim to help public safety efforts and stop the spread of COVID-19.
SuperCom’s technology has successfully identified, monitored and validated tens of millions of people around the world, according to the announcement.
“We are continuing to see and pursue new opportunities for our COVID-19 quarantine solution as well as our electronic offender monitoring solutions. The synergies are excellent,” said Arie Trabelsi, SuperCom president and CEO in a prepared statement. “We have built our people tracking technology infrastructure to be extremely versatile and valuable across a broad spectrum of business use cases, leveraging the same engineering teams and core technical capabilities. It’s exciting to see the overlap between these solutions on the sales and customer side as well. Two of the three shipments include both PureHealth and PureSecurity technology, showing individual customer interest in potentially using our technology to help solve multiple problems.”
Trabelsi adds that governments are preparing for the future, not just the existing crisis and challenges. While people location tracking can be hard in terms of accuracy and security, the company has invested years of experience in developing the solution to make it applicable anywhere in the world.
“We have struck a compassionate balance between citizen comfort and convenience while providing government agencies with the safety and security features they need to confidently monitor those with location restrictions, such as home containment,” he added. “Our technology is scalable, designed for rapid deployment and highly configurable for multiple risk levels and containment models. It has been deployed across the globe and proven successful in different environments and infrastructures.”
The COVID-19 quarantine system includes products in SuperCom’s PureHealth technology suite, the PureCare smartphone and additional security accessories. The smartphone is equipped with proprietary software that gives access to an interface where users can see their location restrictions and start communication with healthcare or monitoring agencies. The PureTag Bluetooth ankle bracelet requires no charging and represents an additional validation layer. PureMonitor is a cloud-based command and control software system where the data generated is sent to be turned into actionable intelligence.
SuperCom’s PureSecurity Suite electronic monitoring and tracking platform comes with smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
Nasdaq letter on late filing
SuperCom has received a Nasdaq letter on late filing with the U.S. Securities and Exchange Commission, informing the company that it is no longer in compliance with Nasdaq Listing rule 5250(c)(1) for timely financial report filing, writes Stockhouse. The letter does not affect current Nasdaq listing and trading.
There are still 60 calendar days available to submit a compliance plan, and, if accepted, an exception will be granted until December 28, 2020 to regain compliance.
SuperCom will submit the Form 20-F within 30 days.
In July, the company announced raising $3.2 million through a private placement of roughly 2.37 million ordinary shares in the company and accompanying warrants for up to the same number of shares with accredited investors.