SuperCom Limited. (SuperCom), incorporated on July 4, 1988, is a smart card technology company that designs, develops and markets advanced smart card technologies and products for the governmental and commercial secured identification markets. The Company develops and markets a range of complementary technologies and solutions for the smart card market, including customizable smart cards, smart card-related products, its own smart card production technologies and advanced identification (ID) technologies. SuperCom also sells specially designed kits containing the raw materials necessary to produce cards and smart cards. The Company's products include SmartGate 2400, EduGate and DynaGate. Contactless Smart Cards The Company's contactless smart cards are customizable, machine-readable smart cards designed for a range of commercial and governmental applications. The contactless smart cards carry large quantities of data, stored in a sealed microchip and are read using the Company's Smart Card Reader. The cards come in different sizes and can incorporate any chip on the market. The cards are constructed from Teslin, an ultra-thin material that resists abrasion. SuperCom has also developed the contactless smart card Production Line 1000 (SPPL 1000-A), a technology designed for the mass production of secure and durable picture identification contactless smart cards. The SPPL 1000-A is an automated smart card inlet production line produces the inlet that contains the chip and an antenna that carries the secure, personalized data in the finished card. SuperCom's SPPL 1000-B automated contactless smart card and pouch production line (SPPL 1000-B) produces a durable casing for its inlet, including finished and personalized smart card or the Company's pouches. The SPPL 1000-B uses pre-printed ultra-strong Teslin pages to produce color smart cards laminated with additional protective layers of polyester. The SPPL 1000-B accepts continuous reels of its smart card inlets. The Company's Contactless Smart Card Readers/Writers are devices that transfer data to and from contactless smart cards. SuperCom's Contactless Smart Card Readers/Writers are integrated with devices, such as vending machines, access gates and hand-held terminals. SuperCom Contactless Smart Card Readers/Writers operate by radio frequency technology, which allows the transmission of data by holding the card near the reader. In addition, 5600 Series Reader/Writer has no moving parts. SuperCom's Smart Card 8500 Series are color personalized, durable and may be produced at remote issuing stations by customers using the Company's equipment. The 8500 Series' smart cards may incorporate a range of security features, such as ID pictures and holograms, hidden features detectable by ultraviolet lamps or two-dimensional bar-code readers and features that require special forensic equipment for authentication. SuperCom has developed fully automated production lines that allow for rapid mass production of generic pouches and personalized cards. It produces generic pouches, which may be personalized through SuperCom's transfer printing technology at a later stage. This provides customers with the option to decentralize the mass production of cards by manufacturing pouches in a centralized location and distributing them to sites where the pouch is personalized and the final card is produced. The Company's transfer process printing allows to print captured data on booklets and pouches regardless of the size, design, type, thickness or lamination method used. This technology offers the customer the option of combining the security of personalized pouches and pre-sewn laminated booklets with the durability of laser printing. The technology allows the printing of personalized data on multiple passport pages in the same step. This allows additional security data to be included in a passport without incurring a substantial increase in the cost of producing each booklet. SuperCom's solution features a production process, in which laser printing is controlled by its sof

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