The company announced it has won two public safety solutions contracts in Kentucky.
Shares of SuperCom (Nasdaq: SPCB) sparked investor interest at the end of last week. Their prices jumped 59.3% on Thursday, and rose another 17.2% on Friday, thanks to high volumes. In total, the company’s share price rose 134% last week, although its market capitalization remains modest, at $18 million, compared to its value of $200 million over a decade.
SuperCom, managed by Ordan Trabelsi, provides technological solutions for the issuance of smart identity documents and electronic control and monitoring. It reported last Thursday that it had won two contracts with government agencies in Kentucky to provide public safety technologies. “By fostering direct partnerships with government agencies and providing customized solutions, SuperCom strengthens Kentucky’s public safety infrastructure with proven tools designed to enhance offender surveillance and support rehabilitation efforts,” the company’s announcement said. According to the company, it beat out existing service providers in winning contracts.
“These new victories reflect not only our competitive advantage in technology, but also the confidence we have built through our previous accomplishments in the state, including the deployment of PureProtect domestic violence monitoring solutions,” Trabelsi said. “Our growing presence in Kentucky is part of SuperCom’s broader U.S. expansion, as we continue to deliver innovative public safety technologies that meet the evolving needs of agencies and communities.”
Published by Globes, Israel Business News – en.globes.co.il – on January 6, 2025.
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SuperCom Credit: PR
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