SuperCom unit awarded new project in California worth up to $2M

SuperCom announced that its fully-owned subsidiary, Leaders in Community Alternatives, has won a new project in California, valued at up to $2M. As part of this project, LCA will provide a comprehensive jail-based program focusing on re-entry services for adult inmates, designed to support individuals transitioning back into the community. The project embodies a comprehensive, evidence-based approach aimed at significantly reducing recidivism. The award is a result of winning a formal competitive bid process administered by the county. This new project is valued at up to $2M over a 5-year period, consisting of a 3-year initial term with two optional one-year extensions, and is expected to generate annual recurring revenues of approximately $400,000. This intent to award will go through the customary county approval process and negotiations before contract execution and project launch. The project is expected to launch in the summer of 2024. SuperCom management expects to provide further information on such in follow-up announcements.