Carnival, Jabil Launch Consumer Wearable Production Line In The Caribbean

Carnival Corp CCL and Jabil Inc 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.