Tern PLC Wyld Networks Connectivity Partnership
January 11 2022 - 7:45AM
RNS Non-Regulatory
TIDMTERN
Tern PLC
11 January 2022
REACH
11 January 2022
Tern Plc
("Tern" or the "Company")
Wyld Networks Connectivity Partnership
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") has announced that
it has partnered with Eutelsat Communications, Senet Inc and
TrakAssure to form the Multimodal IoT Infrastructure Consortium(TM)
("MMIIC") to bring integrated and interoperable terrestrial and
satellite LoRaWAN(R) IoT connectivity* to customers across the
globe. Tern holds 58.7% of Wyld Networks' issued share capital,
which is quoted on the Nasdaq First North Premier Growth Market in
Stockholm.
The MMIIC consortium intends to integrate the parties'
platforms, and innovative sensor and hardware designs, coupled with
collaborative service delivery and compelling pricing, to target
the global supply chain, with container logistics and related asset
tracking, as the first and anchor applications.
TrakAssure and Wyld Networks are collaborating on the design and
production of a new sensor-enabled device to be used for supply
chain and asset tracking solutions. Wyld Networks is designing and
producing the hardware module, along with unique firmware. This
utilises standard LoRaWAN(R) compliant chips and components,
providing cost and time to market advantages.
Eutelsat will provide LoRaWAN(R) coverage via low earth orbiting
satellites, while Senet, which owns and operates the largest
publicly available LoRaWAN(R) network in the United States, will
provide terrestrial LoRaWAN(R) network connectivity.
The initial focus for the consortium is on formalising and
completing all technical tests, pilots, and the commercial delivery
of its first-to-market supply chain solutions. The companies are
planning a commercial service launch in the second half of 2022,
with pilots beginning in February 2022.
Commenting, Alastair Williamson, CEO of Wyld Networks said: "The
lack of affordable wireless coverage is holding back the growth of
the Internet of Things. By combining the two advanced frontier
technologies of LoRaWAN(R) and low earth orbiting satellites, we
can enable 100% global, affordable and low-power connectivity to
support IoT deployments in multiple markets and segments."
*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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