Thales and Device Authority officially launch solution to secure the Connected Health industry
Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that Thales' healthcare IoT security solution, developed in conjunction with Tern's portfolio company Device Authority ("DA"), in which Tern has a 56.8% holding, has been officially launched by Thales.
The Company announced on the 22 June 2018 that Thales had commenced preliminary marketing of the healthcare IoT security blueprint, which integrates DA's KeyScaler platform with the Thales nShield Connect hardware security module, and the official launch represents the next step in Thales' sales strategy.
DA is forecasting for the Thales strategic partnership to start to contribute to revenues in 2018.
Tern CEO, Al Sisto, said: "This opens up a new revenue stream to DA in a market which clearly needs protection from cyber-attacks. The use of IoT in the healthcare industry is increasing and therefore I am delighted to see DA and Thales launching this technology to deliver effective protection to patients."
Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things (“IoT”), is pleased to announce that Wyld Networks Limited (“Wyld”), the technology inventor for communications at the edge of the internet in which Tern has a 100% holding, has been awarded a £121,344 grant by Innovate UK to collaborate on a new mass production technology, SmartDrop, for Archipelago Technology Group Ltd. (“Archipelago”). Tern is also pleased to announce that Alastair Williamson has been appointed as CEO of Wyld Networks.