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Missouri Asset Protection News
February 14, 2006
SuperCom Announces New Technology for Active Tracking Solutions and Extends Homeland Security Offerings With "Pure RF(TM)" Asset Protection Suite
QADIMA, Israel, February 14-SuperCom Ltd. (OTCBB: SPCBF.OB; Euronext: SUP), a leading provider of smart card and electronic identification (e-ID) solutions, today announced the introduction of a new technology and solution for active tracking of people and assets, and the establishment of a new subsidiary, which will focus on this growing market.
The new technology expands Supercom's Homeland Security offerings through a Wireless Asset Tracking System for strategic and high value items. This offering will be provided to customers through the new subsidiary. The development of this new technology, as well as the establishment of the new subsidiary, is due to the growing market demand for asset tracking solutions in general andAdvertisement particularly in the Homeland Security market.
SuperCom's "Pure RF(TM)" Movement Detection Solution monitors and tracks a large number of items simultaneously, providing an active set of different signals and alerts. The software and hardware solution employs small, low-powered RF tags attached to an object or a person. License-free radio bands are used to track the RF band from a base transmitter that is programmable for periodic or event-driven transmissions. "Pure RF(TM)" can monitor and locate tagged items through a hand-held tracking device, which can also be integrated into cellular phones.
Eli Rozen, Chairman of the board of SuperCom commented, "We believe this new tool will significantly expand our range of Homeland Security, Assets Tracking and Accountability products, positioning SuperCom as the industry's first one-stop shop for solutions that monitor both the movements of people and critical assets."
About SuperCom:
SuperCom, Ltd. provides innovative solutions in smart-card and e-ID technologies to the commercial and government sectors. The Company offers a wide range of standard and customized smart-card-based solutions for physical and logical security, education, corrections facilities and air & seaports. 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 document ease of use. Headquartered in Israel, SuperCom has subsidiaries in the US and Hong Kong. For more information, visit our website at supercomgroup
LLC envelope offers substantial advantages over other entities
LLC envelope offers substantial advantages over other entities, there are at least five common circumstances when a tax regime other than an S corporation may be more appropriate: 1) the business cannot qualify as an S corporation; 2) the one-class-of-stock limitation for S corporations cannot accommodate certain business terms agreed to by the parties; 3) the business involves appreciating assets (i.e., assets that have, or are likely to have, a fair market value in excess of basis), such as real estate; 4) the business has considerable debt and the owners anticipate significant losses; and 5) the wage-reduction tax strategy explained previously will not benefit the owners because either the primary income of the business is excluded from self-employment tax or, in the case of newly formed companies, one or more employee-owners already receive aggregate wages or self-employment income from an existing business in an amount which approaches the taxable wage base limitation
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