• ADT for governments: SuperCom is like an ADT for governments, specializing in electronic tracking and monitoring solutions for individuals.
• Specialized Palantir: SuperCom is like a specialized Palantir, focused on developing secure identity and monitoring technologies for governments.

• Electronic Monitoring (EM) Solutions: Provides comprehensive tracking and monitoring systems, including GPS, RF, and alcohol detection devices, used by law enforcement and correctional agencies for offender management.
• Digital Identity Solutions: Offers secure solutions for issuing and managing national identity documents, such as e-Passports, national ID cards, and driver's licenses, often incorporating biometric verification.
• Cybersecurity & Payment Solutions: Delivers secure platforms and smart card technologies for protecting digital transactions, sensitive data, and enhancing overall system security.

SuperCom (SPCB) primarily sells its secure solutions to other companies and organizations, specifically government agencies and public sector entities globally. The company's business model is largely Business-to-Government (B2G).

Its major customers are typically:

• National, state, and local governments (for e-Government solutions such as national ID cards, passports, voter registration, and border control systems).
• Law enforcement agencies (e.g., police departments, sheriff's offices) for public safety and enforcement technologies.
• Correctional facilities and judicial systems (for electronic monitoring and tracking solutions for parolees, probationers, and defendants).
• Homeland security and national security organizations.

Due to the nature of their contracts with government entities, SuperCom does not publicly disclose the specific names of its major customer organizations in its financial filings or public statements. For instance, in its 2021 financial report (Form 10-K), while two government agencies (one in Europe and one in the United States) accounted for 24% and 11% of total revenues respectively, their specific names were not provided. No single customer accounted for 10% or more of revenues in 2022.

These customers are government bodies and not public companies with stock symbols.

null

Ordan Trabelsi, President and Chief Executive Officer

Mr. Ordan Trabelsi joined SuperCom in June 2013. He was appointed President and Chief Executive Officer effective February 21, 2021. Mr. Trabelsi has over 15 years of experience as CEO growing high-tech companies globally, with expertise in research and development, product innovation, go-to-market strategies, and leadership of global multi-disciplinary teams. His hands-on technology experience includes cybersecurity, encryption, advanced mathematics, and mobile and internet network technologies. He also has experience in strategic mergers and acquisitions and product strategies. Prior to joining SuperCom, he co-founded and served as CEO of Klikot Inc., a global social networking company. As President and CEO of SuperCom Americas, he grew the U.S. business to over $10 million in annual revenues and profitability, representing over 1000% of organic growth.

Arie Trabelsi, Chairman of the Board and Acting Chief Financial Officer

Mr. Arie Trabelsi served as President and CEO of SuperCom from 2011 before transitioning to a member of SuperCom's board of directors and becoming Chairman of the Board and Acting Chief Financial Officer.

Barak Trabelsi, Chief Operating Officer and Chief Technology Officer

Mr. Barak Trabelsi joined SuperCom in January 2013. He possesses expertise in big data, cyber, mobile, and internet network technologies, along with extensive experience in product development and strategies. Before joining SuperCom, starting in March 2011, he was a Senior Product Manager at Equinox Ltd.. Prior to that, he served for four years as VP of R&D of Sigma Wave, a company focused on wireless, security, and internet technologies. Mr. Trabelsi holds a B.Sc. degree in Computer Science and Business and an M.B.A. degree, both from Tel Aviv University.

Gil Alfi, Vice President of Sales, Safend Ltd.

Mr. Gil Alfi has over ten years of experience in sales for high-tech companies. Before joining SuperCom, he worked as a Regional Sales Director at Safend, where he managed various regions in Europe and Africa. He holds a B.Sc. degree in Computer Science & Mathematics and an M.Sc. degree in Computer Science from Bar-Ilan University.

Lester Villeneuve, Managing Director of LCA, USA

Mr. Lester Villeneuve recently joined the SuperCom Group as the Executive Director for Leaders in Community Alternatives (LCA). He is experienced in working with diverse offender risk/need populations, stakeholders, and collaborative partners.

The emergence and increasing adoption of decentralized and self-sovereign digital identity (SSI) architectures, notably spearheaded by initiatives such as the European Digital Identity (EUDI) Wallet, pose a clear emerging threat to SuperCom's digital identity and e-government solutions segment. These new paradigms fundamentally shift control of identity data and credentials from central authorities and traditional providers like SuperCom to individual users, potentially diminishing the long-term need for SuperCom's current centralized digital ID systems or requiring a significant and costly pivot in their core offerings to align with these user-centric models.

SuperCom (SPCB) operates in several key addressable markets:

• Electronic Monitoring: The global electronic offender monitoring solutions market is projected to reach approximately USD 2.18 billion in 2025 and grow to USD 3.19 billion by 2030.
• E-Government Solutions: The global smart government market was estimated at USD 34.44 billion in 2023 and is projected to reach USD 117.36 billion by 2030, growing at a CAGR of 20.2% from 2024 to 2030. Another estimate for the E-Government market values it at approximately USD 53.3 billion in 2024, with a projection to reach around USD 117.8 billion by 2033.
• Cybersecurity: The global cybersecurity market size was valued at USD 193.73 billion in 2024 and is projected to grow from USD 218.98 billion in 2025 to USD 562.77 billion by 2032.

SuperCom (SPCB) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:

1. Expansion in the U.S. Electronic Monitoring (EM) Market: SuperCom is strategically focusing on the U.S. market, which is projected to grow to six times the size of the European market in the coming years. The company has actively secured over 30 new electronic monitoring contracts and entered 11 new states since mid-2024, demonstrating rapid market penetration and a clear growth playbook. This expansion includes direct bids and partnerships, with plans to bid on larger projects at county, state, and federal levels.
2. Growth in European Electronic Monitoring Programs: Europe continues to be a significant growth driver for SuperCom. The company has secured over 15 national electronic monitoring programs in Europe through competitive tenders over the past few years, including large-scale domestic violence initiatives. SuperCom's ability to win these competitive tenders often involves displacing incumbent providers.
3. Launch and Growth of New Products and Services: SuperCom is leveraging new solutions to capture market share. The launch of products like PureOne and specialized domestic violence solutions, along with the integration of AI-driven analytics, are expected to unlock substantial growth potential. These solutions enhance predictive insights and client outcomes within their electronic monitoring systems.
4. Recurring Revenue Model from Long-Term Government Contracts: A substantial portion of SuperCom's revenue growth is underpinned by its recurring revenue model. Contracts, particularly in the U.S. EM sector, are often structured with monthly billing per unit deployed, ensuring predictable cash flows and a durable revenue base. This model, derived from long-term government contracts, provides stability and opportunities for scaling operations.
5. Displacing Incumbents and Winning Competitive Tenders: SuperCom's strong track record, reliable delivery, and superior technology allow it to consistently win competitive tenders and displace established providers in both the U.S. and European markets. The company's continued investment in proprietary technology creates a competitive advantage that fuels ongoing contract wins and market share expansion.

Share Issuance

• In January 2025, SuperCom completed a registered direct offering, issuing 545,454 ordinary shares at $11.00 per share, which generated approximately $6.0 million in gross proceeds. The proceeds are intended for working capital, research and development, and potential acquisitions.
• Also in January 2025, SuperCom issued 100,000 ordinary shares at a price of $43.74 per share to pay down $4.374 million of outstanding debt. This issuance was done at a significant premium to the market price.
• The number of SuperCom's shares outstanding increased by 111.73% in one year. As of November 4, 2025, the company had 4.45 million shares outstanding.

Outbound Investments

• SuperCom's strategic plans include potential acquisitions to strengthen its market position, with an aim to acquire value-added resellers with physical locations in the U.S.
• The company indicated that proceeds from its January 2025 registered direct offering would be used, in part, for potential acquisitions.

Capital Expenditures

• SuperCom's capital expenditures were $1.68 million in 2020, $2.14 million in 2021, $3.37 million in 2022, $3.35 million in 2023, and $4.53 million in 2024.
• Since 2014, SuperCom has invested over $45 million in research and development to enhance its electronic monitoring solutions.
• A portion of the net proceeds from the January 2025 offering is designated for research and development.