SuperCom And Prime Partner Electra Awarded 5-Year National Electronic Monitoring Contract With Israel Prison Service Agency; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
SuperCom and its partner Electra have secured a 5-year contract with the Israel Prison Service for a national electronic monitoring program. The program will monitor over 1,500 offenders, with an option to extend the contract for an additional four years. Financial terms were not disclosed.
October 10, 2024 | 12:32 pm
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SuperCom, in partnership with Electra, has been awarded a significant 5-year contract with the Israel Prison Service for electronic monitoring. This contract, which is already in effect, covers over 1,500 offenders and includes an optional 4-year extension.
The contract with the Israel Prison Service is a significant win for SuperCom, likely boosting its revenue and market position in electronic monitoring. The potential 4-year extension adds further value, making this a positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90