Ordan Petlevski

SuperCom Receives Third Order Valued at Over $3.4 Million from Romania's Ministry of Interior

Retrieved on: 
Monday, October 30, 2023

TEL AVIV, Israel, Oct. 30, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce, together with its local partner, the receipt of a third order by Romania's Ministry of Interior, further extending their successful partnership and reinforcing their commitment to Romania's National Electronic Monitoring (EM) Project. The order is valued at approximately $3.4 million and is anticipated to be delivered by the end of the fourth quarter of 2023. 

Key Points: 
  • The order is valued at approximately $3.4 million and is anticipated to be delivered by the end of the fourth quarter of 2023.
  • The recent order, valued at $3.4 million, underscores the caliber of our technology and the unwavering trust our clients have in SuperCom," said Ordan Trabelsi, President & CEO of SuperCom.
  • "This latest order reinforces our status as a global frontrunner in electronic monitoring solutions.
  • At SuperCom, we are dedicated to not only achieving excellent outcomes but also building enduring relationships with governments across the globe," Ordan concluded.

Unleashing the Power of AI: SuperCom Incorporates Advanced AI Capabilities to Enhance Its Electronic Monitoring Offerings

Retrieved on: 
Thursday, June 29, 2023

TEL AVIV, Israel, June 29, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the integration of cutting-edge Artificial Intelligence (AI) capabilities into its PureSecurity electronic monitoring platform. The new AI incorporated abilities, once launched to customers, can empower them to achieve unparalleled levels of efficiency and effectiveness through new real-time data insights and enhanced decision-making processes.

Key Points: 
  • SuperCom is leveraging its extensive technology expertise to implement groundbreaking AI technologies into various parts of its core offerings.
  • These new AI capabilities, on top of Supercom's existing state-of-the-art monitoring solutions, can help SuperCom further revolutionize tracking and monitoring offender processes by automating tasks, providing advanced data analysis, and enabling predictive monitoring to enhance operational efficiency and program effectiveness.
  • "With an unyielding dedication to innovation, we're once again spearheading technological advancements in the electronic monitoring industry.
  • By tapping into the power of AI, we hope to further redefine antiquated industry standards," commented Ordan Trabelsi, SuperCom's President and CEO.

SuperCom Reports 109% YoY Revenue Growth for the First Quarter 2023

Retrieved on: 
Monday, May 15, 2023

TEL AVIV, Israel, May 15, 2023 /PRNewswire/ --  SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, today reported results for the three months ended March 31, 2023.  

Key Points: 
  • First Quarter Ended March 31, 2023, Financial Highlights (Compared to the First Quarter of 2022)
    Revenue increased by 109% to $6.4 million from $3.05 million, marking a third consecutive quarter of YoY revenue growth.
  • The project began in Q1 2023, expanding LCA's existing day reporting and electronic monitoring services to include jail-based and community-based sites.
  • "We are excited to report a strong start to the year, with exceptional results in the first quarter of 2023.
  • Our dedicated efforts and successful execution of various projects in our portfolio have propelled us forward, resulting in remarkable 109% YoY quarterly revenue growth.

SuperCom Receives $7.1 Million Follow-On Order by Romania's Ministry of Interior

Retrieved on: 
Thursday, March 16, 2023

TEL AVIV, Israel, March 16, 2023 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that, together with its local partner, it received a second order valued at approximately $7.1 million from Romania's Ministry of Interior for its National Electronic Monitoring (EM) Project. This project includes the deployment of SuperCom's PureSecurity EM Suite for domestic violence monitoring, GPS Tracking of offenders, and a home detention monitoring program.

Key Points: 
  • After successfully completing the project's first phase and delivery of the initial order valued at over $8 million, a second order was received from the Romanian government, valued at approximately $7.1 million and expected to be delivered within the first half of 2023.
  • "We are delighted to continue our partnership with the Romanian government, supporting the nation's efforts to improve public safety through innovative technology solutions.
  • "With this additional order, SuperCom continues to solidify its position as a leader in the electronic monitoring market and a trusted partner to governments worldwide.
  • SuperCom is committed to continuously delivering high-quality results as well as successful and timely project implementation.

SuperCom Announces Reverse Stock Split

Retrieved on: 
Wednesday, November 23, 2022

TEL AVIV, Israel, Nov. 23, 2022 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that its Board of Directors and Stockholders has approved a 1-for-10 reverse stock split of its ordinary shares. SuperCom's ordinary shares will begin trading on a split-adjusted basis at commencement of trading on November 23, 2022. The ordinary shares will continue to trade on the Nasdaq Capital Market under the symbol 'SPCB'.

Key Points: 
  • "We are pleased to announce this reverse stock split as we believe it is in the best interest of our shareholders and will help position SuperCom to attractfundamental institutional investors as we continue on our growth trajectory.
  • Stockholders holding shares through a brokerage account will have their shares automatically adjusted to reflect the 1-for-10 reverse stock split and do not need to take any action in connection with the reverse stock split.
  • It is not necessary for stockholders holding shares in certificated form to exchange their existing stock certificates for new stock certificates of the Company in connection with the reverse stock split, although stockholders may do so if they wish.
  • The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in SuperCom's equity, except to the extent that the reverse stock split would result in a stockholder owning a fractional share.

SuperCom Secures New Contract for Sweden's Juvenile National Electronic Monitoring Project

Retrieved on: 
Tuesday, May 17, 2022

Marks SuperCom's third national electronic monitoring project in Sweden and its fifth national project in the Nordic countries.

Key Points: 
  • Marks SuperCom's third national electronic monitoring project in Sweden and its fifth national project in the Nordic countries.
  • SuperCom won this project while offering brand new capabilities and features as part of the PureSecurity Electronic Monitoring (EM) Suite planned to be deployed.
  • This project marks SuperCom's third national electronic monitoring project in Sweden and its fifth national project in the Nordic countries.
  • This project is the third national electronic monitoring program in Sweden and follows a successful ongoing project with Sweden Probation and Police agencies.

SuperCom Awarded Croatia's first National Electronic Monitoring Project

Retrieved on: 
Wednesday, March 23, 2022

TEL AVIV, Israel, March 23, 2022 /PRNewswire/ --SuperCom (NASDAQ: SPCB),a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, was awarded by the Ministry of Justice and Administration of Croatia the first full-scale electronic monitoring contract in the country and will deploy SuperCom's PureSecurity Electronic Monitoring (EM) Suite.

Key Points: 
  • TEL AVIV, Israel, March 23, 2022 /PRNewswire/ --SuperCom (NASDAQ: SPCB),a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, was awarded by the Ministry of Justice and Administration of Croatia the first full-scale electronic monitoring contract in the country and will deploy SuperCom's PureSecurity Electronic Monitoring (EM) Suite.
  • The project will include the PureSecurity RF monitoring solution, providing continuous tracking of offenders in house arrest.
  • The project is set to cover all EM offender programs within Croatia for a duration of five years.
  • SuperCom expects to deploy the initial order and generate revenues shortly after the project launch.

Mednax-Affiliated Practices to Adopt Pediatrix® Brand

Retrieved on: 
Wednesday, March 2, 2022

Mednax, Inc. (NYSE: MD) today announced that its affiliated practices will adopt the Pediatrix Medical Group brand nationwide, reflecting the groups role as the nations leading provider of highly specialized health care for women, babies and children.

Key Points: 
  • Mednax, Inc. (NYSE: MD) today announced that its affiliated practices will adopt the Pediatrix Medical Group brand nationwide, reflecting the groups role as the nations leading provider of highly specialized health care for women, babies and children.
  • Aligning our affiliated practices with the Pediatrix brand will enable our patients to identify the broad range of care we offer in these unique fields of medicine, including among underserved communities, added Curt Pickert, M.D., executive vice president of Clinical Services.
  • Mednax, Inc. is a national medical group comprised of the nations leading providers of physician services practicing under the Pediatrix brand.
  • To learn more about Pediatrix, visit www.pediatrix.com or follow us on Facebook , Instagram , LinkedIn , Twitter and the Pediatrix blog .