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Benzinga

Akanksha Bakshi

SuperCom Secures New Wyoming Government Electronic Monitoring Contract

SuperCom Ltd (NASDAQ:SPCB) secured a new electronic monitoring contract in Wyoming with an Adult and Juvenile Probation Agency. Financial terms were not disclosed.
The agency will be using SuperCom's PureTrack GPS smartphone products to monitor their caseload for location compliance.
The contract is structured as a recurring per unit per day lease model, with billing at the end of each month.
"We are pleased to start 2022 with another government contract win and expansion into another US state. This is our first customer in Wyoming and adds to a diverse mix of government agencies around the world in our customer base," said CEO Ordan Trabelsi.
Price Action: SPCB shares are trading lower by 0.68% at $0.50 on the last check Monday.

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