SuperCom Fully-Owned Subsidiary, Leaders In Community Alternatives Wins New Project In California Valued At Up To $2M
Portfolio Pulse from Benzinga Newsdesk
SuperCom (NASDAQ: SPCB), through its subsidiary Leaders in Community Alternatives, has won a new project in California valued at up to $2 million. The project, focusing on jail-based re-entry services for adult inmates, aims to reduce recidivism and is expected to generate $400 thousand in annual recurring revenues over a 5-year term. The project launch is anticipated in summer 2024, following county approval and contract negotiations.

March 27, 2024 | 1:55 pm
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SuperCom wins a $2M project in California through its subsidiary, focusing on reducing recidivism with jail-based re-entry services. Expected to generate $400K in annual revenues over 5 years.
Winning a competitive bid for a $2M project in California directly impacts SuperCom's financial outlook and market position. The project not only expands SuperCom's footprint in new territories but also solidifies its reputation in providing critical re-entry services. The anticipated annual recurring revenue of $400K over a 5-year period represents a significant financial boost, likely to be viewed positively by investors. The project's focus on reducing recidivism through comprehensive, evidence-based approaches aligns with growing public and governmental interest in effective re-entry programs, potentially opening doors for further contracts and collaborations.
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