Electronic monitoring (“EM”) technology is increasingly being deployed as a public safety solution that has the potential to ease the concerns of governments and citizens alike around the world. Using a variety of modern technologies, law enforcement and other safety institutions are able to track the movements of individuals identified as criminal suspects while those suspects remain free from incarceration and interact with society.
Riding the wave of the EM technology market’s growth, SuperCom (NASDAQ: SPCB) and its PureSecurity suite of EM solutions have built a strong reputation for providing products and services that help criminal justice systems monitor the movements of offenders and suspects.
SuperCom announced recently (Sept. 23) that it has secured a new three-year national contract with government officials in Europe to monitor domestic violence (“DV”) suspects, providing vulnerable victims and authorities with a level of assurance that they’ll be notified if the offender is anywhere in their vicinity, allowing authorities to react promptly and enabling victims to take measures to enhance their safety.
The contract marks the company’s fifth compact with a national government office in Europe to provide domestic violence subject monitoring capabilities in the European Union (“EU”) region. This marks SuperCom’s continued expansion in Europe, where it has already deployed a substantial number of units, outpacing its competitors and solidifying its position as a leader in domestic violence monitoring solutions.
“Winning our fifth national domestic violence contract in Europe is a testament to the trust governments place in our technology and our commitment to enhancing public safety,” SuperCom President and CEO Ordan Trabelsi stated in the company’s announcement (https://ibn.fm/5tSea). “Our DV monitoring solution offers real-time tracking, communication and security, providing authorities with a powerful tool to improve the protection of vulnerable individuals and promote offender accountability.”
SuperCom continues to establish its competitiveness in a small, niche market as it gains successive monitoring technology contracts in Europe and the United States.
Research and Markets analysts’ report on the electronic monitoring market last year noted that Europe was undertaking an average daily caseload of 64,000 individuals being monitored through EM technology, while the analysts found 518,000 being monitored in North America on a daily average basis. The analysts forecast that those numbers will grow to 680,000 in North America, and the United States was managing an average daily caseload of 518,000 individuals being monitored through EM technology, while the analysts found 64,000 being monitored in Europe on a daily average basis.
The analysts forecast that those numbers will grow to 680,000 in North America and 94,000 in Europe by 2028. They also expect the market to grow with a five-year CAGR of 7.2 percent to a value of $2.3 billion by 2028 when Europe and North America’s sectors are combined with the EM sector in Latin America (https://ibn.fm/uXLce).
Domestic violence intervention is a significant client use case for EM technology. The PureSecurity platform transmits information on a monitored subject’s whereabouts in real time, not simply on a flat geographical footprint but with elevation data as well to deliver a more 3-D perspective for apartment dwellers and office workers. The system then notifies victims via cell phone if an alert to an offender’s location is needed.
“The new contract represents a significant step in enhancing domestic violence prevention and intervention capabilities in this EU region,” SuperCom’s announcement states.
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB
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