Tern PLC Wyld purchase order from Bayer Crop Science
September 20 2021 - 01:29AM
RNS Non-Regulatory
TIDMTERN
Tern PLC
20 September 2021
REACH
20 September 2021
Tern Plc
("Tern" or the "Company")
Wyld Networks receives purchase order from Bayer Crop
Science
Tern Plc (AIM:TERN), the investment company specialising in the
Internet of Things ("IoT"), is pleased to note that its portfolio
company Wyld Networks AB ("Wyld Networks" or "Wyld") has announced
that it has signed a contract with Bayer Crop Science, a world
leader in agriculture and part of the multinational Bayer
Corporation. Bayer has placed an initial purchase order worth SEK
320,000 (approximately GBP27,000) with Wyld Networks to develop a
satellite IoT terminal and sensor to collect data from
beehives.
Commenting Al Sisto, CEO of Tern, said :
"This is an important engagement for Wyld and we are very
pleased that they are now working to develop a satellite IoT
platform with Bayer. As Wyld's CEO Alastair Williamson has pointed
out, there is a substantial and growing market for affordable
satellite IoT connectivity in multiple markets from agriculture,
utilities, maritime and the environment and we look forward to
Wyld's continued progress".
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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END
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September 20, 2021 02:29 ET (06:29 GMT)
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