SuperCom Ltd (SPCB)

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SuperCom discloses over $7M in new contracts

Jun 10 2015, 12:09 ET | By: Eric Jhonsa, SA News Editor Contact this editor with comments or a news tip

SuperCom (SPCB +0.8%) has been "selected to implement new contracts representing more than $7 million in size." The company will "provide various core elements of its flexible electronic-ID solutions, with potential for additional follow-on orders in the future.

"The majority of the contract revenue is expected to be recognized over the next 2 quarters. For reference, SuperCom had Q1 sales of $7.7M, and has been guiding for 2015 revenue to grow over 40% from 2014's $29.7M

.No details have been shared about the clients serviced by the contracts. An April Security Document World report fueled hopes SuperCom has landed a major Kenyan national digital registry database contract.