- SuperCom (SPCB, Financial) secures a new electronic monitoring contract in Virginia, marking its 9th new U.S. state entry since mid-2024.
- The company will deploy its PureSecurity Electronic Monitoring technology, replacing an incumbent vendor after demonstrating superior performance.
- Strong Q1 2025 financial results: record net income of $4.2 million and gross margins of 63.3%.
SuperCom (SPCB), a global leader in secure solutions for e-Government, IoT, and Cybersecurity sectors, has announced the successful acquisition of a new electronic monitoring contract in Virginia. This significant move marks SuperCom's entry into its 9th new U.S. state since mid-2024, illustrating the company's rapid expansion momentum across North America.
In a competitive displacement, SuperCom's PureSecurity Electronic Monitoring technology was selected over an existing vendor after an extensive evaluation process. The Virginia-based service provider, a seasoned player in the electronic monitoring sector, has committed to transitioning its current GPS electronic monitoring program to SuperCom's innovative PureOneâ„¢ GPS tracking solution. This partnership designates SuperCom as the primary technology partner, paving the way for potential statewide expansion and ongoing support of Virginia's current operations.
The contract's announcement comes on the heels of SuperCom's strong financial performance in Q1 2025, where the company reported a record net income of $4.2 million and achieved impressive gross margins of 63.3%. This financial success underscores the company's robust operational capabilities and its competitive advantage in the government/security tech sector.
Ordan Trabelsi, President and CEO of SuperCom, expressed excitement over the company's strategic expansion into the U.S., emphasizing the demand for their cutting-edge GPS monitoring technology. "We're proud to have been chosen as the primary technology partner in Virginia and continue to focus on expanding our reach and reinforcing our market presence with superior technology solutions," Trabelsi stated.