- The growing call for court-administered electronic monitoring services remains, as evidenced by a recent deadly Pacific Northwest domestic violence case in which a judge had previously denied a victim’s petition for requiring the suspect to wear an ankle monitor
- Israel-based SuperCom Ltd. has dedicated its suite of PureSecurity products to help governments economically track and monitor individuals at risk for initiating new dangerous situations
- The company has focused its recent efforts on the North American market, while also making inroads in Europe where it recently received over $5 million in sales orders that it will fulfill over the next few months
- SuperCom’s recently announced financial reports highlight the company’s growing success at building its gross margin, revenues, and profits, including a reported 2,350 percent increase in EBITDA
A series of new orders for electronic monitoring technology to bolster European governments’ security infrastructure is strengthening the position of SuperCom (NASDAQ: SPCB) in the EM market.
The recent sales orders for SuperCom’s PureSecurity Suite of products amount to more than $5 million in revenues, orders that the growing electronic-monitoring (“EM”) security solutions provider expects to fulfill within the next three months.
“We are pleased to continue our collaboration with European government customers, further solidifying our dedication to enhancing public safety through our innovative products and solutions,” SuperCom President and CEO Ordan Trabelsi stated in a news release about the requisitions (https://nnw.fm/3M0AU). “This demonstrates the continued validation of our cutting-edge technology, our steadfast dedication to project delivery, and the invaluable relationships we’ve cultivated with our discerning customers.”
SuperCom is celebrating its growth after recently releasing its financial reports for the Q4 period and the year-end results for 2023. The financial reports showed the company’s gross margin grew to 41.4 percent, its EBITDA grew by 2,350 percent and gross profits rose 60 percent (https://nnw.fm/l2gWk).
The company offers an end-to-end electronic monitoring solution with state-of-the-art GPS tracking in real time, secured communication and other monitoring technologies.
The PureProtect and PureOne products, which were rolled out during the year, provide improved protection to families suffering from domestic violence and an all-in-one GPS tracking ankle bracelet monitoring solution. The products have the potential to save lives in a society where domestic conflicts too often turn violent.
A Washington state domestic violence case that gained the attention of Pacific Northwest residents in late April (https://nnw.fm/YmDJg) served as a very recent example of the concerns these cases bring and the need for technological solutions to provide people with protection. Following the kidnapping of a young child and the death of two women, media reports noted one of the victims had sought a court order requiring the suspect to wear an electronic ankle monitor under the provisions of the Tiffany Hill Act, but the court denied the request (https://nnw.fm/Lfms3).
SuperCom’s solutions also supports alcohol and drug substance treatment program monitoring, house arrest monitoring, and inmate monitoring. The monitors are easily concealable to reduce concerns about stigmatizing their wearers and include an ultra-lightweight base station with long battery life.
“Since 2018, SuperCom has secured over 50 new multi-year government projects. Our strong growing reputation as a premium provider of electronic monitoring solutions and services enhanced our market position with each new customer win,” Ordan said in a discussion of the year-end financial report (https://nnw.fm/CcAcm).
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
About NetworkNewsWire
NetworkNewsWire (“NNW”) is a specialized communications platform with a focus on financial news and content distribution for private and public companies and the investment community. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled recognition and brand awareness. NNW is where breaking news, insightful content and actionable information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.NetworkNewsWire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: https://www.NetworkNewsWire.com/Disclaimer
NetworkNewsWire
New York, NY
www.NetworkNewsWire.com
212.418.1217 Office
[email protected]
NetworkNewsWire is powered by IBN
