TIDMTERN

Tern PLC

20 September 2021

REACH

20 September 2021

Tern Plc

("Tern" or the "Company")

Wyld Networks receives purchase order from Bayer Crop Science

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 GBP27,000) with Wyld Networks to develop a satellite IoT terminal and sensor to collect data from beehives.

Commenting Al Sisto, CEO of Tern, said :

"This is an important engagement for Wyld and we are very pleased that they are now working to develop a satellite IoT platform with Bayer. As Wyld's CEO Alastair Williamson has pointed out, there is a substantial and growing market for affordable satellite IoT connectivity in multiple markets from agriculture, utilities, maritime and the environment and we look forward to Wyld's continued progress".

Enquiries

 
 Tern Plc                                      via IFC Advisory 
  Al Sisto (CEO) 
  Sarah Payne (CFO) 
 
   Allenby Capital Limited                       Tel: 0203 328 5656 
   (Nominated Adviser and Broker) 
   David Worlidge / Alex Brearley (Corporate 
   Finance) 
   Matt Butlin / Kelly Gardiner (Sales 
   and Corporate Broking) 
 
   IFC Advisory                                  Tel: 0203 934 6630 
   (Financial PR and IR)                         tern@investor-focus.co.uk 
   Tim Metcalfe 
   Graham Herring 
   Florence Chandler 
 

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END

NRAUKRARABUKAUR

(END) Dow Jones Newswires

September 20, 2021 02:29 ET (06:29 GMT)

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