SuperCom (NASDAQ: SPCB) stock soared 13% in intraday trading Thursday after the company secured over $5 million in New Orders from European governments.
SuperCom (SPCB) recently announced the acquisition of new orders from European governments for its PureSecurity Electronic Monitoring Suite, with a total value of over $5.0 million. These orders are expected to be fulfilled within the next three months.
The PureSecurity Suite offers an end-to-end electronic monitoring solution, incorporating state-of-the-art GPS tracking, secured communication, and advanced monitoring technologies. In addition, it features a secure software platform that provides real-time tracking and monitoring capabilities.
Ordan Trabelsi, President & CEO of SuperCom, expressed his satisfaction with the ongoing collaboration with European government customers, emphasizing the company’s commitment to enhancing public safety through innovative products and solutions. Trabelsi stated,
“This demonstrates the continued validation of our cutting-edge technology, our steadfast dedication to project delivery, and the invaluable relationships we’ve cultivated with our discerning customers.”
Trabelsi further highlighted SuperCom’s leadership in providing innovative electronic monitoring solutions on a global scale. He remarked,
“The influx of new orders underscores our unwavering leadership in innovative electronic monitoring solutions for public safety on a global scale.”
In conclusion, Trabelsi reiterated SuperCom’s commitment to excellence in project execution and its dedication to fostering enduring collaborations with governments worldwide.
SuperCom (NASDAQ: SPCB) Stock Movement
At the time of this report, SPCB stock stands at $0.25, indicating a 12.70% increase from the previous trading session. This week, it has surged in value by 5%. Trading activity has seen 52,840,184 (52.84 million) shares change hands, significantly higher than the average daily volume of 9.44 million.
Edward Cooke is a financial analyst, freelance writer, and editor. He has six years of experience in financial journalism. He has an in-depth understanding of equities markets, tracking major indices and providing real-time analysis on stock price movements, corporate earnings, and market sentiment.
