Tern PLC: New commercial order for InVMA (793939)

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 Tern PLC (TERN) 
Tern PLC: New commercial order for InVMA 
 
01-Apr-2019 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
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 GBP250,000 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. 
 
        **ENDS** 
 
Enquiries 
 
Tern plc                          Via Newgate Communications 
 
Al Sisto, CEO 
 
Sarah Payne, Finance Director 
 
                                  Tel: 0203 328 5656 
 
Allenby Capital Limited 
 
(Nomad and Joint broker) 
 
David Worlidge/Alex Brearley 
 
                                  Tel: 020 7659 1234 
 
Whitman Howard 
 
(Joint broker) 
 
Nick Lovering/Christopher Furness 
 
Newgate Communications            Tel: 020 3757 6880 
 
PR 
 
Elisabeth Cowell/Fiona Norman 
 
ISIN:          GB00BFPMV798 
Category Code: MSCM 
TIDM:          TERN 
LEI Code:      2138005F87SODHL9CQ36 
Sequence No.:  8016 
EQS News ID:   793939 
 
End of Announcement EQS News Service

(END) Dow Jones Newswires

April 01, 2019 02:01 ET (06:01 GMT)

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