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TEL AVIV - SuperCom (NASDAQ:SPCB), a provider of secure solutions for the e-Government sector, announced Wednesday it has secured a new electronic monitoring contract with a community corrections agency in Alabama, marking its second agency win in the state this year. The company, which has shown strong financial health according to InvestingPro data, currently maintains a healthy gross margin of 50.5% and generates annual revenue of $27.8 million.
The contract involves deploying SuperCom’s PureSecurity Suite, including its PureOne GPS monitoring solution. The agreement follows a recurring revenue model based on daily active units, with potential for expansion as program requirements evolve.
According to the company, the new contract was awarded through a direct agency process following a referral from an existing customer in the region. The technology will be used to improve supervision and compliance in community corrections programs.
"Securing a second win in Alabama within a short timeframe validates the strength of our technology," said Ordan Trabelsi, President and CEO of SuperCom, in a press release statement.
The company reports it has secured over 30 new contracts and entered 11 new states since mid-2024. SuperCom also disclosed it achieved first-half net income of $5.3 million and 61.2% gross margin.
SuperCom, founded in 1988, provides identity solutions and electronic monitoring services to government agencies. The company’s electronic monitoring systems are used in various public safety applications including offender tracking and supervision.
The financial terms of the Alabama contract were not disclosed in the announcement.
In other recent news, SuperCom has announced several new contracts, highlighting its continued expansion in the United States. The company has secured an electronic monitoring contract in Tennessee, marking its entry into the 11th U.S. state since mid-2024. This contract will involve the deployment of SuperCom’s PureSecurity technology, including systems for domestic violence monitoring. Additionally, SuperCom has been selected by the North Carolina Sheriff’s Association as the sole provider of electronic monitoring technology. This contract allows counties in North Carolina to engage with SuperCom without needing additional proposals, operating on a recurring revenue model. Furthermore, SuperCom has expanded into Nebraska, marking its 10th new state entry in the same period. The Nebraska contract involves transitioning GPS programs to SuperCom’s PureSecurity platform, also under a recurring revenue model. These developments reflect SuperCom’s strategic growth and increasing presence in the North American public safety market.
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