Isreali ID solutions firm SuperCom has signed a new approximately $4 million contract with a national government customer in Africa. Per the agreement, SuperCom will provide various core elements of its flexible passport and visa solutions. Built around SuperCom's Magna platform, this deployment will allow for quick expansion of additional e-Gov modules SuperCom offers and potential increases to original contract size. The contract is expected to grow SuperCom's steady state revenues. It represents approximately $4 million in value, the majority of which is expected to be recognized over the next two years."This new win with an existing customer demonstrates not just the additional revenue opportunities within our current customer base, but also the continued relevance and superiority of our solutions over an extended period of time," commented Arie Trabelsi, CEO of SuperCom. "This particular customer has been with SuperCom for more than a decade, has renewed with us several times, and now granted us a new contract resembling growth in our relationship. Over time, we've been able to build trust by providing a high level of satisfaction in both our products and services. We will look to enrich this mutually productive relationship as well as grow our other existing e-Gov relationships as they present significant opportunities for expansion. We believe that, as the needs of our customers continue to evolve, we will be there alongside them to provide the same exceptional service they've come to expect. And in turn, we expect to not just maintain, but grow these high-margin recurring revenue streams in the future."
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