SUPERCOM Ltd. (NASDAQ: SPCB) stock climbed 111.03% Friday morning after SPCB announced that they have won the tender with the Government of Israel for the lease of the COVID-19 Quarantine Compliance Project. SuperCom is the provider of traditional and digital identity solutions around the world. It also deals with providing services like advanced safety, security, and identification solutions for both private and public organizations as well as for the government.

What the project is about?

The PureHealth Coronavirus Quarantine Compliance Solution includes the PureCare smartphone and PureTag bracelet, with that it also facilitates people with installation, training for users, support, monitoring, and reporting. SuperCom has gained the lease of this project from Israeli Government on March 19, which is an achievement on board for SPCB.

SuperCom has already finished a successful trial program of this compliance solution for COVID-19 in Israel. The people arriving at Israel’s international airport were given the facility to if they want, they can go to home quarantine for 10-14 days with SuperCom’s “pure care technology and program”.

After high demand due to extreme satisfaction showed by the travelers (over 91 percent chose to opt in for the program), The Israeli Ministry of Health expressed immediate demand for a bracelet-based COVID-19 quarantine solution to endorse allowing Israel’s international airports to open for large numbers of travelers to enter the country on a regular basis.

What now?

On national level this project is expected to start from the next week, following the necessary steps like contract signing between Israeli government and SPCB for an initial term of 3 months which could be extended for up to 36 months. The project, which is billed on a per-unit-per-day basis, is expected to produce revenues of about $3 million per month for SPCB. On the other hand,revenues may rise or fall depending on actual use.