SuperCom wins new contracts worth up to $22 million
SuperCom Ltd., a provider of electronic intelligence solutions for national ID, public safety and healthcare, announced on August 4 that it has been selected as the winning bidder for new contracts representing more than $22 million in value.
SuperCom will provide its various core and flexible electronic-ID solutions, with potential for additional follow-on orders in the future, as is commonly realized with new customers, said the company. The majority of the revenue from the implementation of these contracts will be recognized within the next nine months.
“We are very pleased to have been selected as the winning bidders for these new significant contracts, clearly demonstrating our abilities and success in monetizing our vast and growing pipeline,” said Arie Trabelsi, president and CEO of SuperCom. “We believe that these type of contracts are the initial stage in our building of a long-term relationship with new customers and will potentially bring us additional orders in the future. We continue to see fantastic growth in demand for our e-ID and M2M solutions globally, and we believe our success so far in 2014 only marks the beginning of strong and exciting international growth.”