FAQ: SuperCom's $7 Million German Electronic Monitoring Contract Expansion
Summary
SuperCom Ltd. has secured Germany's national electronic monitoring contract valued at up to $7 million over four years, displacing a provider that had supplied Germany's EM technology for over 20 years. This strategic expansion into Europe's largest economy represents a significant shift in European government approaches to offender monitoring and marks Germany as the ninth nation to adopt SuperCom's domestic violence solution.
What is the main announcement about SuperCom Ltd.?
SuperCom Ltd. (NASDAQ: SPCB) has been awarded Germany’s national electronic monitoring contract worth up to $7 million over four years, expanding their European presence into Europe’s largest economy.
How significant is this contract win for SuperCom?
This is highly significant as SuperCom displaced a provider that had supplied Germany’s EM technology for more than 20 years, reflecting a major shift in European government approaches to offender monitoring.
What specific programs does the German contract cover?
The contract covers multiple programs including GPS tracking, domestic violence monitoring, home detention, and alcohol monitoring.
Why is Germany’s adoption of SuperCom’s domestic violence solution notable?
Germany becomes the ninth nation to adopt SuperCom’s domestic violence solution, demonstrating the growing international acceptance of their technology.
How was the contract awarded to SuperCom?
The contract was secured through a competitive tender that included multiple global vendors, with SuperCom ultimately winning the national EM contract.
What is the total value and duration of the German contract?
The contract is valued at up to $7 million over four years, with actual revenues depending on usage levels according to the company.
Where can investors find more information about SuperCom and this announcement?
The latest news and updates relating to SPCB are available in the company’s newsroom at https://ibn.fm/SPCB.
What type of company is SuperCom Ltd.?
SuperCom is a global provider of secured e-Government, IoT, and cybersecurity solutions specializing in electronic monitoring systems.
How does this contract expand SuperCom’s European presence?
This contract marks SuperCom’s strategic expansion into Germany, which represents Europe’s largest economy and a significant new market for their electronic monitoring solutions.
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