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Sunday, March 21, 2021

Coronavirus electronic bracelet-maker SuperCom sees share price jump 50% - The Jerusalem Post

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Israeli firm SuperCom has seen its Nasdaq share price jump by 54.5% after winning the government tender for its electronic bracelets that can monitor if returning Israelis are in quarantining in line with the country's coronavirus regulations, Israeli financial daily Globes reported Sunday.
The bracelet, called PureTag, is part of its PureHealth Coronavirus Quarantine Compliance Solution, which also consists of the PureCare smartphone and complementary services. 
The bracelet cannot monitor any details about the person wearing it, except whether they are complying with their quarantine. Should the quarantine be violated, the bracelets won't track their location once they leave their home but will only alert authorities that the person has left the confined area they were supposed to remain in through the duration of the quarantine. 
 As a result, the Health Ministry had expressed immediate demand for the bracelet in order to aid in the country's easing of COVID-19 lockdown restrictions. This includes plans to increase the amount of Israelis able to return to the country for abroad, many of whom are not vaccinated and will need to isolate. 
This success has seen SuperCom project a monthly revenue of $3 million, according to Globes. For comparison, the company's entire revenue for the first half of 2020 was $6.8 million.

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"Electronic" - Google News
March 22, 2021 at 10:51AM
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Coronavirus electronic bracelet-maker SuperCom sees share price jump 50% - The Jerusalem Post
"Electronic" - Google News
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