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Monday, April 03, 2006 7:54:37 AM
Supercom Receives Follow-on Order for $1.25 Million
Monday April 3, 7:42 am ET
Following the Successful Implementation of e-ID System; Expects Further Orders Over the Long-Term
QADIMA, Israel, April 3 /PRNewswire-FirstCall/ -- SuperCom Ltd. (OTCBB:SPCBF.OB ; Euronext: SUP), a leading provider of smart card and electronic identification (e-ID) solutions, today announced that it has received a follow-on order from one of its Governmental customers, following the successful implementation of an e-ID system that was delivered to the customer in 2005.
The contract, which includes raw materials supply, maintenance and software support services over a period of 5 years starting from the first quarter of 2006, is valued at $1.25 million.
"Our success in the first stage of this project led to this follow-on order", said Eyal Tuchman, CEO of Supercom. "This order demonstrates the overall strength in our business model and the visibility that it provides to our revenue stream for the upcoming years. We believe the strong working relationship that we have and are continuously building with this client will lead to further orders over the long-term."
About SuperCom
SuperCom, Ltd. provides innovative solutions in smart-card and e-ID technologies to the commercial and government sectors. The Company offers a wide range of standard and customized smart-card-based solutions for physical and logical security, education, corrections facilities and air & seaports. It is also a leader in the manufacturing of secure and durable documents such as national identity cards, passports, visas, drivers' licenses and vehicle registration to improve homeland security, governmental efficiency and document ease of use. Headquartered in Israel, SuperCom has subsidiaries in the US and Hong Kong.
http://biz.yahoo.com/prnews/060403/ukm007.html?.v=51
Dubi
Monday April 3, 7:42 am ET
Following the Successful Implementation of e-ID System; Expects Further Orders Over the Long-Term
QADIMA, Israel, April 3 /PRNewswire-FirstCall/ -- SuperCom Ltd. (OTCBB:SPCBF.OB ; Euronext: SUP), a leading provider of smart card and electronic identification (e-ID) solutions, today announced that it has received a follow-on order from one of its Governmental customers, following the successful implementation of an e-ID system that was delivered to the customer in 2005.
The contract, which includes raw materials supply, maintenance and software support services over a period of 5 years starting from the first quarter of 2006, is valued at $1.25 million.
"Our success in the first stage of this project led to this follow-on order", said Eyal Tuchman, CEO of Supercom. "This order demonstrates the overall strength in our business model and the visibility that it provides to our revenue stream for the upcoming years. We believe the strong working relationship that we have and are continuously building with this client will lead to further orders over the long-term."
About SuperCom
SuperCom, Ltd. provides innovative solutions in smart-card and e-ID technologies to the commercial and government sectors. The Company offers a wide range of standard and customized smart-card-based solutions for physical and logical security, education, corrections facilities and air & seaports. It is also a leader in the manufacturing of secure and durable documents such as national identity cards, passports, visas, drivers' licenses and vehicle registration to improve homeland security, governmental efficiency and document ease of use. Headquartered in Israel, SuperCom has subsidiaries in the US and Hong Kong.
http://biz.yahoo.com/prnews/060403/ukm007.html?.v=51
Dubi
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