- Israel-based electronic monitoring (“EM”) tech developer SuperCom recently completed a registered direct offering designed to bring in an additional $6 million for working capital, research and development and potential acquisitions
- The company develops EM technology and provides accompanying services that work synchronously to sustain public safety through the electronic monitoring of suspects and convicted offenders as an alternative to incarceration
- SuperCom’s PureSecurity Suite of solutions is anchored by its PureOne tracking bracelet, which can be worn discreetly while providing data via GPS, cellular, Wi-Fi, and Bluetooth technologies for monitoring a court-supervised individual’s movements
- The use of EM solutions for allowing select individuals to remain free from jail or prison custody is being hailed worldwide as a cost-cutting measure that helps to reduce repeat offenses while providing peace of mind to potential victims and communities at large
Electronic monitoring (“EM”) technology developer SuperCom (NASDAQ: SPCB) is working to further strengthen its financial position through a registered direct offering for about $6 million through securities purchase agreements with certain institutional investors.
SuperCom has been increasing its presence in the public safety technology sector in North America and Europe with new client contracts for its tracking solutions at a record pace over the…
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB
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