Tern Plc, the investment company specialising in the Internet of Things, is pleased to announce that the admission to trading on the NASDAQ First North Growth Market in Stockholm of the newly incorporated holding company of the Company's portfolio company, Wyld Networks Limited, Wyld Networks AB.
Wyld Networks' shares are traded on NASDAQ First North under the ticker "WYLD" with ISIN SE0015812516.
Tern currently holds 60.7% of Wyld Networks' issued share capital.
The manufacturing industry has embraced the Internet of Things (IoT) with open arms. Here, the Industrial Internet of Things, or IIoT – that is, the introduction of smart sensors, new connectivity and analytics platforms to the industrial settings of manufacturing factory floors – is driving process efficiencies, greater cost-effectiveness and product innovation.
The rise of the machines is happening. The Industrial Internet of Things (IIoT) – that is, the introduction of connected sensors and devices, and platforms or engines to analyse the data they collect, to warehouses and factory floors – is transforming how industrial organisations design their processes and products.