Tern PLC Wyld Networks Purchase Orders
10 Março 2022 - 04:01AM
RNS Non-Regulatory
TIDMTERN
Tern PLC
10 March 2022
REACH
10 March 2022
Tern Plc
("Tern" or the "Company")
Wyld Networks Purchase Orders
Tern Plc (AIM:TERN), the company focused on value creation from
Internet of Things ("IoT") technology businesses, is pleased to
note that Wyld Networks AB ( " Wyld Networks" or "Wyld") has
announced that it has received purchase orders for its Wyld Connect
IoT modules with a total value of US$1.7 million over a four-year
period, starting in April 2022. Tern holds 58.7% of Wyld Networks'
issued share capital, which is quoted on the Nasdaq First North
Growth Market in Stockholm.
The Wyld Connect solution being supplied will allow the
customer, a South African company, to deploy IoT sensors in the
agricultural sector to collect data directly from satellites.
Wyld's sensor-to-satellite module suite with LoRaWAN(R)* allows
IoT sensors to communicate directly from sensor to Low Earth Orbit
satellites or in conjunction with terrestrial LoRa networks. Wyld's
modems, devices, and embedded technology are designed to enable
communication with the cloud, no matter the location, providing
global IoT coverage.
The UN's Food and Agriculture Organisation has predicted that
global food production in 2050 will need to be 70% higher than in
2009, as the world population grows by over a third, almost all in
developing countries. To meet this increase in food demand,
agriculture is rapidly adopting IoT sensors and devices to collect
data from field to make informed decisions that can increase the
yield of crops and reduce the waste of water.
Commenting, Alastair Williamson, CEO of Wyld Networks said: "We
are pleased to announce the receipt of these purchase orders. Wyld
is actively engaged with customers in piloting the service and as
part of our programme we are engaged in commercial discussions to
solicit purchase orders with multiple customers for the Wyld
Connect IoT module ahead of the commercial launch of the
service."
*The LoRaWAN(R) specification, developed and maintained by the
LoRa Alliance(R), is a Low Power, Wide Area networking protocol
designed to wirelessly connect battery operated 'things' to the
internet in regional, national or global networks, and targets key
IoT requirements such as bi-directional communication, end-to-end
security, mobility and localization services.
Enquiries
Tern Plc via IFC Advisory
Al Sisto (CEO)
Sarah Payne (CFO)
Allenby Capital Limited Tel: 0203 328 5656
(Nominated Adviser and Broker)
David Worlidge / Alex Brearley (Corporate
Finance)
Matt Butlin / Kelly Gardiner (Sales
and Corporate Broking)
IFC Advisory Tel: 0203 934 6630
(Financial PR and IR) tern@investor-focus.co.uk
Tim Metcalfe
Graham Herring
Florence Chandler
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March 10, 2022 02:01 ET (07:01 GMT)
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