Shares of SuperCom Ltd. (SPCB) surged over 81% on Thursday morning after the company secured two new agency contracts in Kentucky.
SPCB is currently trading at $8.68, up $3.86 or 81.43%, on the Nasdaq. The stock opened its trading at $5.55 after closing Tuesday at $4.82. The stock has traded between $2.55 and $11.00 in the past 52-week period.
SuperCom announced that it has secured two new contracts with key agencies in Kentucky. These contracts involve the deployment of SuperCom's advanced public safety technologies, designed to enhance monitoring capabilities and provide reliable solutions tailored to agency needs.
SuperCom said it successfully displaced different incumbent competitors for each agency, securing these contracts through its innovative and trusted technologies. This achievement reflects SuperCom's expanding U.S. footprint and growing reputation as a trusted electronic monitoring and public safety solutions provider.
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