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Investegate |Tern PLC Announcements | Tern PLC: FundamentalVR and Device Authority Update

Tern Plc (AIM:TERN), the investment company specialising in the Internet of Things ( IoT ), is pleased to provide a further update on the recent activities of two of its portfolio companies, Device Authority Limited ( Device Authority ) and FVRVS Limited ( FundamentalVR ).

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Device Authority has formed a strategic partnership with EPS Global, a worldwide provider of integrated circuit ( IC ) programming and secure provisioning services, and Intrinsic-ID, a leading global provider of security IP for embedded systems based on physical unclonable function ( PUF ) technology. The partnership is designed to enable customers to be able to access end-to-end security lifecycle management and secure the provisioning of PUF-enabled devices. ....

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Investegate |Tern PLC Announcements | Tern PLC: Portfolio Update

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Talking Medicines is today launching its artificial intelligence and natural language processing powered patient intelligence platform, PatientMetRx, to provide a systematic way of measuring the patient experience of medicines for the pharmaceutical industry.

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In order to provide Device Authority with further working capital to facilitate its significant pipeline of opportunities, Tern has provided an additional approximately US$0.3 million to Device Authority in the form of a further convertible loan, alongside an additional convertible loan investment of approximately US$0.1 million from Alsop Louie Partners and the George Samenuk Trust.

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As at 31 December 2020, Tern had unaudited cash resources of £2.1 million, with approximately £0.38 million subsequently invested in its portfolio companies, Device Authority and Wyld Networks Limited ( Wyld Networks ), as part of their re ....

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