TERN PLC

Business and Financial Review • May 20, 2020

National Storage Mechanism | Additional information

RNS Number : 4604N

Tern PLC

20 May 2020

Wyld about IoT

Wyld Networks, a Tern investee, has announced a contract to work with the NHS in Scotland to help care homes reduce the spread of COVID-19.  Although the deal itself is likely to be relatively small (no financial details are given), we believe that the agreement demonstrates Internet of Things (IoT) in action, in a way and at a time that could gain material public and investor attention. Tern has simultaneously announced the transfer of a £1.1m debt from Wyld into a Convertible Loan Note form.

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