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Investing.com -- SuperCom Ltd (NASDAQ:SPCB) stock rose 1.8% after the e-Government and IoT security solutions provider announced a new electronic monitoring contract with an established service provider in Tennessee.
The agreement marks SuperCom’s entry into its 11th new U.S. state since mid-2024, continuing the company’s expansion across the North American public safety market. Under the contract, SuperCom will deploy its PureSecurity electronic monitoring technology, including its Pure One solution and PureShield system for domestic violence monitoring.
The Tennessee-based provider selected SuperCom after evaluating multiple technology providers, citing advantages in tracking precision, system reliability, and mobile integration capabilities. The contract follows a recurring revenue model with monthly billing based on daily unit usage.
"This latest win is yet another example of agencies across the U.S. choosing to upgrade from legacy systems to our advanced electronic monitoring technology," said Ordan Trabelsi, President and CEO of SuperCom.
According to the company, this deployment adds to SuperCom’s growing U.S. presence, where it has secured 10 new service provider agreements and over 20 new direct contracts in less than a year. The company also highlighted its recent global wins for domestic violence programs and national projects in more than 15 countries.
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