Tern PLC: DA Security Blueprint (697871)
June 22 2018 - 1:01AM
UK Regulatory
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Tern PLC (TERN)
Tern PLC: DA Security Blueprint
22-Jun-2018 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
22 June 2018
Tern Plc (the "Company", or the "Group")
DA Security Blueprint
Tern Plc (AIM:TERN), the investment company specialising in the Internet of
Thing ("IoT"), has been advised, further to the announcement made on 8 June
2018, that preliminary marketing of Thales' healthcare IoT security
blueprint, developed in conjunction with Device Authority ("DA"), has
commenced.
Tern has a 56.8% holding in IoT security business, DA, and this represents a
significant milestone for DA following the formation of its strategic
partnership with Thales Group announced on 24 January 2018. The healthcare
IoT security blueprint provides high-assurance device authentication,
managed end-to-end encryption, and certificate provisioning for IoT devices,
ideal for medical, industrial and other smart connected products.
According to the 2018 Thales Data Threat Report, the healthcare industry is
regularly targeted by cybercriminals with 70 per cent. of healthcare
organisations globally having experienced an attack. This solution is
designed to enable the Connected Health industry to continue to perform at
the highest levels without question on the integrity of data or medical
devices.
Tern CEO, Al Sisto, said: "We are delighted to have been advised that Thales
and DA have further strengthened their strategic partnership with the issue
of this joint blueprint. This clearly shows how DA can provide the level of
IoT security required in healthcare/medical cases and is another step in
expanding Tern's participation in the medical IoT markets via its portfolio
investee companies to create shareholder value."
**ENDS**
Enquiries
Tern Plc via Redleaf Communications
Al Sisto/Sarah Payne
WH Ireland Tel: 0117 945 3470
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
Whitman Howard Tel: 020 7659 1234
(Joint broker)
Nick Lovering/Francis North
Redleaf Communications Tel: 020 3757 6880
Elisabeth Cowell/Fiona Norman
ISIN: GB00BFPMV798
Category Code: MSCH
TIDM: TERN
LEI Code: 2138005F87SODHL9CQ36
Sequence No.: 5670
EQS News ID: 697871
End of Announcement EQS News Service
(END) Dow Jones Newswires
June 22, 2018 02:01 ET (06:01 GMT)
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