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DGAP-UK-Regulatory News vom 01.04.2019

Tern PLC: New commercial order for InVMA


01-Apr-2019 / 07:00 GMT/BST
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1 April 2019

Tern Plc ("Tern" or the "Company")

New commercial order for InVMA

Tern Plc (AIM: TERN), the investment company specialising in the Internet of Things ("IoT"), is pleased to announce that its portfolio company, InVMA Limited ("InVMA"), a leading PTC IoT partner and ThingWorx System Integrator, has secured an initial order worth £250,000 to InVMA, to provide services to a leading Aerospace and Defence organisation, through its partners DXC, Dell and ECA Services.

InVMA and its partners will work together to enable an innovative Smart Factory implementation, combining information technology and operational technology to increase visibility and drive improvements to the customer's manufacturing quality and efficiency.

InVMA Chairman and Tern director, Bruce Leith, said, "This is a significant new order for InVMA, utilising its strategic partner network. We believe that this project has the potential to transform the way in which this leading Aerospace and Defence organisation works. This project takes full advantage of InVMA's information technology / operational technology convergence capabilities, and provides an opportunity to identify, build and wrap features for their products."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.




Tern plc

Al Sisto, CEO

Sarah Payne, Finance Director


Via Newgate Communications


Allenby Capital Limited

(Nomad and Joint broker)

David Worlidge/Alex Brearley


Tel: 0203 328 5656


Whitman Howard

(Joint broker)

Nick Lovering/Christopher Furness


Tel: 020 7659 1234

Newgate Communications


Elisabeth Cowell/Fiona Norman

Tel: 020 3757 6880


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