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FAQ: SuperCom's North Carolina Electronic Monitoring Contract Expansion
TL;DR
SuperCom gains a competitive edge by securing its 16th U.S. partnership and entering North Carolina, displacing incumbents with a recurring revenue model that supports expansion.
SuperCom's agreement uses a recurring revenue model tied to active monitoring units, leveraging its PureSecurity platform to transition existing GPS infrastructure in North Carolina.
SuperCom's technology enhances public safety through offender monitoring and domestic violence prevention, making communities safer and supporting better societal outcomes.
SuperCom has entered its 15th new U.S. state since mid-2024, marking its first deployment in North Carolina with 16 new partnerships in 18 months.
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SuperCom Ltd. (NASDAQ: SPCB) has secured a new electronic monitoring contract with a service provider in North Carolina, marking the company's first deployment in that state and its 16th new U.S. service provider partnership over the past 18 months.
This contract represents SuperCom's expansion into its 15th new U.S. state since mid-2024 and continues the company's pattern of displacing incumbent electronic monitoring vendors across multiple jurisdictions.
The agreement follows a recurring revenue model tied to active daily monitoring units, and the strong profitability metrics provide financial capacity to support continued geographic expansion.
SuperCom is leveraging its PureSecurity™ platform to support offender monitoring and domestic violence prevention in North Carolina.
The contract was disclosed on December 16, and SuperCom has been expanding its U.S. footprint since mid-2024, entering 15 new states during that period.
This deployment is in North Carolina, where SuperCom will serve as the primary EM technology partner for a North Carolina-based service provider.
The provider will transition its existing GPS tracking infrastructure to SuperCom's proprietary hardware and technology platform.
This expansion underscores the pace of SuperCom's domestic footprint growth and positions the company to continue displacing incumbent vendors while generating recurring revenue through its monitoring units.
The latest news and updates relating to SPCB are available in the company's newsroom at http://ibn.fm/SPCB.
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Curated from InvestorBrandNetwork (IBN)
