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 £27,000) with Wyld Networks to develop a satellite IoT terminal and sensor to collect data from beehives.
Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things (“IoT”), is pleased to announce that its portfolio company, FVRVS Limited (“FundamentalVR”), has secured a further £0.4 million contract with an existing client, one of the world’s leading pharmaceutical companies (the “Client”), to support training and adoption of its Ocular Gene Therapy product.