SuperCom announces plans to price public offering of ordinary stock

Deal funds possible acquisitions of contracts, intellectual property

By Devika Patel

Knoxville, Tenn., July 3 - SuperCom Ltd. will price a public offering of ordinary stock, according to a Form F-1 filed Wednesday with the Securities and Exchange Commission.

Proceeds will be used for possible acquisitions of contracts, intellectual property and software packages, to develop a local presence in Europe and the Far East and for working capital needs and other general corporate purposes.

Based in Qadima, Israel, SuperCom develops tracking and identification technologies for public safety used by emergency medical personnel, governments and corporations.

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