Wearables group () has started to roll-out its wrist-based health and fitness monitors through a raft of major online and retail outlets.
Amit Ben-Haim, chief executive, tells Proactive that “everything is going to plan” and that CloudTag is “now closing the gap towards finalising the demands on stocking the shelves [of High Street and online retailers]”.
Shares soared on Thursday on the news, which was accompanied by a funding that raised £300,000 at 5.05p, a sizeable premium to Wednesday’s close.
“I think the market gets more comfortable with the quality of the data we release and I believe the share price is moving accordingly,” Ben-Haim adds.
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