RTTNews | Mar 19, 2021 10:14AM EDT

10:13 Friday, March 19, 2021 (RTTNews.com) - Shares of nano-cap company SuperCom Ltd. (SPCB) surged over 50% on Friday morning after the company said it won a COVID-19 quarantine compliance project from Israeli government, which is valued at an estimated $3 million per month in recurring revenues.

SPCB are currently trading at $2.21, up $0.76 or 52.4138%, on the Nasdaq.

SuperCom won a tender with the Israeli government for lease of the company's PureHealth Coronavirus Quarantine Compliance Solution, including the PureCare smartphone and PureTag bracelet, as well as complementary services including installation, training for users, support, monitoring, and reporting.

This nationwide project is expected to commence next week for an initial term of 3 months, with an option to be extended for up to 36 months.

The project is billed at a per-unit per-day rate is expected to generate about $3 million per month in recurring revenues for SuperCom.

Read the original article on RTTNews ( https://www.rttnews.com/3178873/stock-alert-supercom-surges-50-after-winning-contract-from-israeli-govt.aspx)

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