SuperCom contracts in Kentucky, South Dakota continue recent success in US

SuperCom is continuing its rapid U.S. expansion, with newly secured public safety contracts to deploy its PureOne monitoring technology for two agencies in Kentucky.

A press release notes that the Tel Aviv-based firm “successfully displaced different incumbent competitors for each agency, securing these contracts through its innovative and trusted technologies.”

The new deal comes on the heels of a late-December announcement that SuperCom had secured seven new electronic monitoring contracts with county Sheriff agencies across South Dakota, with more expected to follow.

Ordan Trabelsi, president and CEO of SuperCom, says a recent “stream of new contract wins” highlights the company’s aggressive growth in the U.S. biometrics and electronic monitoring market. “These new wins reflect not only our competitive edge in technology but also the trust we’ve built through our prior achievements in the state, including the deployment of our PureProtect domestic violence monitoring solutions.”

“Our growing presence in Kentucky is part of SuperCom’s broader U.S. expansion, where we continue to introduce innovative public safety technologies that address the evolving needs of agencies and communities.”

SuperCom is on a super roll. It appears set to post its fourth straight year of revenue growth. Over the first nine months of 2024, SuperCom’s revenue increased from the same period in the prior year to $21.3 million from $20.9 million. Gross profit increased from $7.9 million to $10.7 million. Net Income improved to $2.52 million from Net Loss of ($2.48) million. EBITDA improved to $4.6 million compared to $3.7 million.

Outside the U.S., SuperCom recently launched a domestic violence monitoring project with state police in Latvia. A release says SuperCom was awarded the project through a competitive tender process, marking its third national contract in Latvia.

It will deploy its PureSecurity EM Suite, featuring GPS tracking devices, secure communications, and real-time monitoring capabilities.

Ordan says the project is SuperCom’s sixth national domestic violence project – “a testament to the increasing demand for domestic violence solutions globally.”

Article Topics

biometrics  |  criminal ID  |  financial results  |  monitoring  |  stocks  |  SuperCom  |  United States