SuperCom: Nearly doubles in value on deal with Israeli government

Supercom

19/03/2021 12:41

** U.S.-listed shares of tracking and identification
products maker  SPCB.O  soar 99.3% to $2.8 premarket, set for
best day in nearly a year 
    ** Co wins COVID-19 Quarantine Compliance project with the
Israeli government, valued at $3 mln per month in recurring
revenue  urn:newsml:reuters.com:*:nPnbBg72ja
    ** The nationwide project is expected to commence next week
    ** SPCB to use its PureCare technology smartphone and
PureTag bracelet in the project 
    ** Up to Thursday's close, stock had gained ~40% this year


 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com; +1 646 223 8780;))