SuperCom: Rises on new GPS monitoring contract

Supercom

09/12/2020 14:56

** U.S.-listed shares of tracking and identification
products maker  SPCB.O  rise as much as 8.4% to $1.16 in early
trading 
    ** SPCB says it has secured a new GPS monitoring contract in
Southeast United States  urn:newsml:reuters.com:*:nPn2Jfbq2a
    ** SPCB says the contract is structured as a per unit per
day lease model, with billing at the end of each month
    ** SuperCom will provide its proprietary software and
hardware
    ** Earlier on Monday, SPCB secured another GPS monitoring
contract in California  urn:newsml:reuters.com:*:nL4N2IN2WR
    ** Up to Tuesday's close, stock has gained ~75% this year

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))