from the November 2006 issue

SuperCom obtains $50m contract

SuperCom (OTCBB: SPCBF.OB; Euronext: SUP), which provides smart-ID and active radio-frequency tracking solutions, has signed an agreement worth $50 million, to supply an ID card system. The buyer's name was not announced.

SuperCom revenues in the first half of 2006 amounted to just $4.9 million. That was an increase of 25% as compared with the the same period in 2005. The deal includes the supply of digital enrollment and production equipment, software, maintenance and supply of secured raw material for the production of various National ID cards.

Eyal Tuchman, SuperCom's CEO said, "We anticipate this important contract will increase SuperCom's backlog and revenues for the next ten years and will further strengthen SuperCom's comprehensive Magna solution as a technology leader for national ID projects.

Recently SuperCom announced several additional agreements to supply its Magna system for the production, management and personalization of biometric passports in Asia-Pacific, Europe and other regions.

Reprinted from the Israel High-Tech & Investment Report November 2006

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