SuperCom (NASDAQ: SPCB) Revolutionizing the Criminal Justice Industry

SuperCom Ltd. (SPCB) is a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors. SuperCom presents an impressive group of experts in business, commercial, government identification and wireless technologies, which brings together decades of hands-on experience and expertise. Most recently, the company has launched a $3.6M national electronic monitoring project in Finland.

A Small Cap Making Big Moves – Key Highlights and Investment Differentiators:

  • Emerging Key Player – Winning Larger National Bids: In Q3 2022, SPCB won and launched a $33M national EM project in Romania. It was the largest new European EM project awarded in the industry for 2022. The project is expected to help protect up to 15,000 families per month over a six-year period. As additional bids for larger programs are introduced, the win and execution of the Romania project is an important customer reference for SPCB.
  • Company Growth Potential – European Momentum & Potential US Launch: SuperCom has a sales pipeline of opportunities of over USD 200m and boasts a 65% win rate in competitive proposals in Europe.While momentum continues to build in SPCB’s domestic violence monitoring (DVM) offering in Europe, there is also potential for a U.S. 2023 launch. This would combine SPCB’s electronic monitoring (EM) core business that utilizes ankle bracelet technology with the DVM offering to include law enforcement capabilities, allowing for further differentiation. A successful launch could create an opportunity for additional wins and lead to increased sales.
  • An Expanding Market – Market Expected to Reach $1.6Bn by 2025 (CAGR 7.9%): The Electronic Monitoring market has high barriers to entry and requires 5-10 years of specific industry experience. SPCB has observed only 10 global players consistently compete in bid processes across numerous cross-continent geographies.
  • Market Opportunity – Prison Overcrowding & Excessive Costs: 3M people in the US were incarcerated in 2020 leading to 106% overcrowding in prisons. Additionally, $80+Bn was spent on operating prisons ($36K/prisoner). Increased utilization of house arrest vs prison has the potential to dramatically decrease operating expenses by 90% ($2.9K/prisoner).

A Look Inside: SPCB Business Segment – PureSecurity™ Suite

SPCB’s PureSecurity™ Suite provides advanced electronic monitoring solutions and services to criminal justice agencies.

  • Advanced Technology: Allowing for dynamic tracking via multiple devices including a lightweight bracelet, video and call capabilities, and a 4-year battery life.
  • Preventative Features: An app feature that not only tracks offenders but alerts police and victims of domestic abuse when restraining orders have been violated.
  • A Market in Need of Change: Almost 1% of the US population is incarcerated and over 75% of those incarcerated return to prison as a repeat offender within 5 years. SPCB is helping to improve this system and work within the criminal justice industry, not only to provide game changing monitoring technologies but by offering holistic solutions to help offenders through a rehabilitation process which may include job-seeking assistance or attainment of proper medical and psychological support for these individuals.

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SuperCom (NASDAQ: SPCB) Revolutionizing the Criminal Justice Industry

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