SuperCom Awarded Five-Year Contact with the National Government of Latvia
SuperCom (SPCB) announced on June 4 that the company was awarded a new 5-year contract with the Latvian national government. Latvia’s Ministry of Justice will deploy SuperCom’s PureSecurity Electronic Monitoring (EM) Suite. SuperCom’s technology provides electronic monitoring of offenders using both RF House Arrest and GPS Tracking solutions.
Sonal detected the event and issued an alert at 9:14 am. The next trade took place at 9:15 am for $1.30. After modest gains on the event day, SuperCom’s stock price pushed up above $2.75 over the next four trading sessions. SuperCom closed at $2.13 on June 10 for a five-day gain of 64%.
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