SuperCom (SPCB) Stock Rockets On COVID-19 Related News

SuperCom SPCB Stock News

SuperCom Ltd. (NASDAQ: SPCB) is running for the top in the market this morning after the company announced that it has shipped COVID-19 quarantine compliance equipment. The news led to the stock gaining more than 150%. Here’s what’s happening:

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SPCB Stock Climbs On COVID-19 Quarantine Equipment Shipments

In the release, SuperCom said that it has shipped equipment designed for ugent Pilot of its Coronavirus citizen quarantine compliance technology. The equipment includes multiple products in the company’s PureHealth technology suite.

SPCB said that the equipment includes the PureCare smartphone and PureTag ankle bracelet. The product also offers a web-based SAAS command and control center to monitor and manage quarantine compliance.

The company said that the pilot will run in two operational modes. First will be smartphone only for low-risk cases on a larger scale. The second will be a smartphone with ankle-bracelet for more sensitive cases.

In a statement, Arie Trabelsi, President and CEO at SPCB, had the following to offer:

As the Coronavirus continues to spread at an alarming rate, governments and healthcare agencies are urgently searching for tools that assist their efforts in fighting this pandemic. When it comes to secured boundaries enforcement, we at SuperCom are uniquely positioned for the challenge. It is what we live and breathe and central to our mission statement, and we are honored to use our expertise to help.

World reports clearly demonstrate that governments are implementing various secured boundaries restrictions for their citizens. We are proven partners with governments around the globe having successfully delivered our proprietary identification, verification and tracking products for over 30 years. These are high profile projects, helping our clients leverage advanced technology to protect their nations. We recognize the importance that time has on containing COVID-19, the PureHealth platform is ready for deployment, and we are doing our best to help the global community fight this pandemic.

Why This News Is So Exciting

As the Coronavirus continues to spread, the world is changing as we know it. Once busy streets now show no signs of life. Store shelves are void of bleach, toilet paper, and more. Children are staying home from school.

Many argue that strict efforts to ensure that populations who are quarantined abide by the guidelines of a quarantine are needed if we are to ever get past COVID-19. That’s where SuperCom comes in.

The product line put together by SPCB gives governments and other members of the medical and regulatory community the ability to ensure that quarantines are followed. Ultimately, if all goes well in the Pilot, this could be incredibly valuable technology.

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