Regulatory Filings • Jun 22, 2018
Regulatory Filings
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Dissemination of a RegulatoryAnnouncement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
Tern Plc(AIM:TERN), the investment company specialisingin the Internet of Thing("IoT"), has been advised, further to the announcement made on 8 June 2018, that preliminary marke)ng of Thales' healthcare IoT security blueprint, developed in conjunc)on with Device Authority ("DA"), has commenced.
Tern has a 56.8% holding in IoT security business, DA, and this representsa significant milestone for DA following the forma)on of its strategic partnership with Thales Group announced on 24 January 2018. The healthcare IoT security blueprint provides high-assurance device authen)ca)on, managed end-to-end encryp)on, and cer)ficate provisioning for IoT devices, ideal for medical, industrial and other smart connected products.
According to the 2018 Thales Data Threat Report, the healthcare industry is regularly targeted by cybercriminals with 70 per cent. of healthcare organisa)ons globally having experienced an a8ack. This solu)on is designed to enable the Connected Health industry to con)nue to perform at the highest levels without ques)on on the integrity of data ormedical devices.
Tern CEO, Al Sisto, said: "We are delighted to have been advised that Thales and DA have further strengthened their strategic partnership with the issue of this joint blueprint. This clearly shows how DA can provide the level of IoT security required in healthcare/medical cases and is another step in expandingTern's par)cipa)on in the medical IoTmarketsviaits por>olio investee companies to create shareholdervalue."
| Enquiries Tern Plc Al Sisto/Sarah Payne |
via Redleaf Communica)ons |
|---|---|
| WH Ireland (NOMAD and joint broker) Mike Coe/Ed Allsopp |
Tel: 0117 945 3470 |
| Whitman Howard (Joint broker) Nick Lovering/Francis North |
Tel: 020 7659 1234 |
| Redleaf Communica/ons Elisabeth Cowell/Fiona Norman |
Tel: 020 3757 6880 |
ISIN: GB00BFPMV798 Category Code:MSCH TIDM: TERN LEICode: 2138005F87SODHL9CQ36 Sequence No.: 5670 EQS News ID: 697871
End ofAnnouncementEQS News Service
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