SuperCom rises on $1.7-mln contract

Supercom

29/09/2022 17:29

** Shares of security solutions provider SuperCom Ltd
 SPCB.O  rise as much as 6% to 29 cents 
    ** Stock, last up ~3%, on course to break six-day losing
streak
    ** Company says it has secured a new $1.7 million contract
from an existing customer of its e-government division
    ** According to the terms of the contract, products delivery
and services will be spread over 6 months and is expected to
start by the end of October 2022
    ** SPCB provides secured solutions for the e-government,
IoT, and cybersecurity sectors
    ** Stock's value has halved YTD
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))