Supercom Ltd is a technology company that specializes in providing advanced cybersecurity and identification solutions
The company focuses on developing innovative software and hardware products aimed at enhancing security and efficiency for a variety of sectors, including government, public safety, and law enforcement. Their offerings include electronic monitoring, identity management, and secure communication technologies, which are designed to help organizations ensure safety and improve operational effectiveness. With a commitment to leveraging cutting-edge technology, Supercom aims to deliver comprehensive solutions that address the evolving security challenges faced by communities and organizations worldwide.
While the Israel-based firm did not disclose the value of the contract, it said it would provide long-term system maintenance and support throughout the deal's duration.
SuperCom shares are trading higher on Thursday after the company announced its raising capital in order to pay down debt and ultimately support its growth strategy.
SuperCom acquires two new contracts with major agencies in Kentucky, expanding its U.S. presence and solidifying its reputation as a notable provider of electronic monitoring and public safety systems.
SuperCom shares are trading lower by 20% during Thursday's session. The company announced it entered into an agreement with an institutional investor for a registered direct offering.
Shares of Riot Platforms, Inc. (NASDAQRIOT) rose sharply in today's pre-market trading amid a rise in Bitcoin. Bitcoin (CRYPTO: BTC) prices gained around 1.5% over the past 24 hours to $66,012 this morning.
