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 internet of things (IoT) is proving to be hugely transformative when it comes to operating remotely. Using IoT, businesses can set up devices equipped with SIMs anywhere in the world, and seamlessly monitor them and implement actions from their base of operations. That's the theory anyway.
Asset loss is a serious problem for businesses of all kinds. By connecting physical items, the internet of things can save money and transform operations.