Tern PLC Wyld Networks Purchase Order
23 Março 2022 - 4:15AM
RNS Non-Regulatory
TIDMTERN
Tern PLC
23 March 2022
REACH
23 March 2022
Tern Plc
("Tern" or the "Company")
Wyld Networks Purchase Order
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 a purchase order for its Wyld
Connect IoT module from a Brazilian company for deployment in the
forestry sector. The purchase order has a total value of SEK 11.3
million (approximately GBP900,000) over a three-year period,
starting in 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 Wyld's new
customer to deploy IoT sensors in the forestry market to collect
data from hard-to-reach areas 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.
Commenting, Alastair Williamson, CEO of Wyld Networks said: "We
are pleased to announce the receipt of this purchase order. The
order is for the Wyld Connect IoT module and does not yet include
the monthly service fee due at the service launch later this year.
This order is in addition to the recently secured SEK 17 million
orders that we announced on 10 March 2022, providing a total order
book value of SEK 28.3 million generated in March this year.
"We continue to pilot the solution and engage with customers to
secure orders for the Wyld Connect products ahead of the commercial
launch of the full service later this year."
*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 23, 2022 03:15 ET (07:15 GMT)
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