Benzinga | Dec 21, 2021 06:08AM EST

Carnival, Jabil Launch Consumer Wearable Production Line In The Caribbean

* Carnival Corp (NYSE:CCL) and Jabil Inc (NYSE:JBL) have forged a partnership to launch the first Experience Internet of Things consumer wearables manufacturing and fulfillment location in the Florida/Caribbean region.

* Santo Domingo, the capital city of the Dominican Republic, is the site of the first Princess Medallion device manufacturing facility outside of Asia.

* Carnival is expected to add production capacity support for its Caribbean cruises and supports more than 600 jobs at Jabil's Dominican Republic facility.

* The Medallion wearable, launched in 2017, contains a proprietary blend of communication technologies and enables an interactive guest experience platform for vacation travel.

* Medallions produced and fulfilled at the Dominican Republic location will ship to Miami for distribution to guests sailing Princess MedallionClass vacations in the Caribbean.

* Price Action: CCL shares are trading higher by 1.90% at $19.26 in premarket on the last check Tuesday. JBL closed 3.02% lower at $63.60 on Monday.