SuperCom Expands Its Smart Card Credit Control Business: Wins Follow-on Order From a Major Financial Consortium in Hong Kong
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QADIMA, Israel, October 18/PRNewswire-FirstCall/ -- SuperCom, Ltd. (OTCBB: SPCBF.OB; Euronext: SUP), a worldwide provider of
innovative identification solutions and active RF tracking solutions, today announced that it has received a follow-on order from a major financial consortium in Hong Kong to provide smart cards for its credit control system.
SuperCom's credit control software application system, which enables the performing of credit checks on borrowers, represents the first application the company has developed for financial institutions.
Since early 2004 SuperCom has provided a major Hong Kong financial consortium with few hundreds of thousands of smart cards.
In addition to the supply of smart cards, SuperCom is the prime contractor for the design, installation, maintenance and enhancement of the credit control system, which includes more than 200 customized card readers in approximately 50 branches.
Managing Director of SuperCom Asia Pacific Ltd, Portia Chan, said: "We believe that our state-of-the-art smart card credit control software solution provides financial institutions with an unparalleled verification and authentication system for assessing borrower's credibility. Given the repeat and growing order and the reliability of our system, we believe that other financial institutions throughout the Asia-Pacific and other regions will seek to adopt SuperCom's mature smart card credit control solution".
About SuperCom
SuperCom Ltd provides innovative identification solutions and active RF technologies for the governmental and commercial sectors. SuperCom offers a wide range of standard and customized solutions based on smart cards for the security, law enforcement, transportation and fire/rescue agencies, as well as non-governmental organizations. It is also a leader in the manufacturing of secure and durable documents such as national identity cards, passports, visas, drivers' licenses and vehicle registration to improve homeland security, governmental efficiency and ease of use. SuperCom has offices in the United States, Israel, and Hong Kong.
For more information please visit: suprecomgroup.com
Contacts:
SuperCom, Ltd
Yaron Shalom
+972-9-889-0800
yaron.shalom@supercomgroup.com
The Global Consulting Group
Andrea Priest
Investor Relations
+1-646-284-9425
apriest@hfgcg.com
Source: SuperCom Ltd
