Business

SuperCom (NASDAQ: SPCB) Carries out California Project Appreciated at up to $4 Million

SuperCom (NASDAQ: SPCB), a global supplier of safe solutions for the e-Government, IoT, and Cybersecurity divisions, announced today that it has carried out its agreement won through the company’s fully-owned ancillary, Leaders in Community Alternatives (LCA), appreciated at up to $4 million. The scheme is projected to open in July 2021.

“In expectation of the future launch, we are vigorously recruiting and preparation as we work intimately with this county to make sure a successful completion.,” commented Ordan Trabelsi, President and CEO of SuperCom.

SuperCom also declared its first-quarter results 

Money and cash equivalent and limited cash at the end of Q1-21 augmented to $9 million from $4m at the end of 2020. Working Capital augmented to $12.7 million after Q1-21 from $5.3 million after 2020. Income in Q1-2021 was $3.0 million.

Fresh Business Highlights:

The company won a new scheme in California appreciated at up to $4 million, highlighting sustained growth in a claim for the contributions in our IoT Tracking section.

The company won a contract with the Israeli government for its PureHealth Coronavirus (COVID-19) Quarantine fulfillment explanation. 

In reply to the Covid-19 plague, the company underwent important cost optimizations primarily to enhance precincts and productivity equivalent to Covid-19 connected income decline.

In response to the Covid-19 plague, the company launched a new answer, PureHealth for quarantine observance, to help battle the increase of contagious illness. Pilots have been commenced in various areas around the earth, with a global claim for additional assessment ongoing into 2021.

The company has tuned its manufacturing ability to enable more suppleness and scale manufacturing ability to increase command for its IoT goods. The company has also made its worldwide supply sequence more elastic by reducing dependency on specific dealers and geography.

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