SPCB - SuperCom Announces New EM Contract in California | Benzinga
Displacing incumbent competitor with innovative PureOne solution
OAKLAND, Calif., Feb. 8, 2024 /PRNewswire/ -- SuperCom (NASDAQ:SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is excited to announce it has secured a new contract with an established California services provider in the judicial sector. This contract, already operational and generating revenue, is particularly notable for SuperCom's successful displacement of a long-time incumbent competitor, primarily due to its new innovative PureOne solution.
This strategic collaboration aligns with SuperCom's vision of expanding its footprint in the US market and demonstrates its competitive edge in delivering superior technology solutions. The contract terms, underpinned by a recurring lease model, reflect expansion and long-term growth potential.
This partnership with a new customer highlights SuperCom's ability to forge new, valuable relationships in the US. The open-ended nature of the contract offers substantial opportunities for scaling and long-term collaboration, indicating both the resilience and adaptability of SuperCom's business model.
"We are pleased to announce a second new contract in North America since the start of 2024, reflecting momentum and reputation in the industry. This collaboration showcases not only our ability ...