SuperCom Secures $3.6M Finland Deal

SuperCom (Nasdaq: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, has launched a $3.6 million National Electronic Monitoring project in Finland.

The company expects to generate recurring revenue from the project in the near future.

Highlights

  • The launch follows SuperCom’s successful competitive tender win which involved six providers, including the long-term prior incumbent EM vendor for Finland.
  • The Finnish government aims to improve public safety, reduce prison overcrowding and lower recidivism using SuperCom’s PureSecurity technology.
  • SuperCom expects to complete deployment and generate recurring revenues in the near future.
  • Under the terms of the award, the contract is valued at approximately $3.6 million. Revenues recognized by SuperCom will depend on actual usage.

The project will consist of PureSecurity offerings including, prison inmate monitoring, GPS tracking of offenders, RF monitoring for house arrest, and officer and offender mobile solutions.

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SuperCom Secures $3.6M Finland Deal

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