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 whether 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 complimentary 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 where they were supposed to remain for the duration of the quarantine.
As a result, the Health Ministry had expressed an 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 from abroad, many of whom are not vaccinated and will need to isolate.