- SuperCom ( NASDAQ: SPCB ) secured an agreement with a new customer and strategic partner, one of the largest private probation and judicial drug testing companies in the Commonwealth of Kentucky and a leading provider of electronic monitoring products and services.
- Under this partnership, SuperCom already received a first order and will supply its proprietary EM solutions that allow continuous GPS tracking and support a wide array of programs.
- SuperCom's proprietary EM solutions will be distributed?in the southeastern U.S. market region together with its new partner's value-added services.
- With this partnership, SuperCom has secured a new contract to deploy its PureSecurity Suite while replacing an incumbent leading EM manufacturer and competitor.
- The first order of over 50 units has already been placed and will arrive in a few weeks to three separate offices, with the potential for an additional order of up to another 100 units in the upcoming future.
- The contract is set up as a per unit per day lease, with billing at the end of each month generating recurring revenues.
- Shares trading 3.2% lower premarket.
For further details see:
SuperCom nabs new electronic monitoring contract