SuperCom was slightly higher in morning trade Wednesday after it announced it had secured a contract offering Supercom’s Pure Security Electronic Surveillance line of offender tracking and monitoring products.
The contract was granted by a government customer in North America through a formal and competitive bidding process. It has a 4-year initial term with optional extension of 2 years. Revenues for SuperCom for the project are estimated at approximately $1.7 million for a term of six years.
The contract with the government customer has been executed and the project is expected to deploy and start generating recurring revenues, based on a billed daily rate per active user, within the next 3 months.