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Update: Growth identified
The December 2013 acquisition of On Track Innovations’ (OTI) Smart ID division has exceeded expectations and strengthened SuperCom’s competitive positioning. The acquired unit moved to profitability in Q1 demonstrating management’s turnaround expertise and ability to grow by acquisition, as well as organically. The award of a $25m EID contract in Q1 has scope for follow-on orders and the recent launch of end-to-end solutions has the potential to transform the smaller M2M division.
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