SuperCom jumps on $33 mln contract

Supercom

24/08/2022 15:22

** Shares of security solutions provider SuperCom Ltd
 SPCB.O  jump as much as 63.8% to $0.40, their highest in over
three months
    ** Shares on track for their best day since Dec. 30
    ** SuperCom says it has been awarded a contract worth over
$33 million by the national government of an European Union
 urn:newsml:reuters.com:*:nPn6b93RWa
    ** Contract to deploy company's monitoring and tracking
platform for domestic violence monitoring, GPS tracking of
offenders and home detention monitoring program
    ** SPCB down ~35% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))