Topics: Tern
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" or "Wyld") has announced that it has received a purchase order for its Wyld Connect IoT module from a Brazilian company for deployment in the forestry sector. The purchase order has a total value of SEK 11.3 million (approximately £900,000) over a three-year period, starting in 2022. Tern holds 58.7% of Wyld Networks' issued share capital, which is quoted on the Nasdaq First North Growth Market in Stockholm.
Tern Plc (AIM:TERN), the company focused on value creation from Internet of Things ("IoT") technology businesses, is pleased to note that following the agreement for Tern to participate in the new Sure Valley Ventures UK Software Technology Fund (the "SVV Fund"), announced on 2 March 2022, the new SVV Fund has undertaken its first investment.