Tern PLC: DA Security Blueprint (697871)

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 Tern PLC (TERN) 
Tern PLC: DA Security Blueprint 
 
22-Jun-2018 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
22 June 2018 
 
          Tern Plc (the "Company", or the "Group") 
 
          DA Security Blueprint 
 
 Tern Plc (AIM:TERN), the investment company specialising in the Internet of 
 Thing ("IoT"), has been advised, further to the announcement made on 8 June 
         2018, that preliminary marketing of Thales' healthcare IoT security 
       blueprint, developed in conjunction with Device Authority ("DA"), has 
                    commenced. 
 
Tern has a 56.8% holding in IoT security business, DA, and this represents a 
       significant milestone for DA following the formation of its strategic 
  partnership with Thales Group announced on 24 January 2018. The healthcare 
       IoT security blueprint provides high-assurance device authentication, 
managed end-to-end encryption, and certificate 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 
       organisations globally having experienced an attack. This solution is 
  designed to enable the Connected Health industry to continue to perform at 
     the highest levels without question on the integrity of data or medical 
                    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 
expanding Tern's participation in the medical IoT markets via its portfolio 
investee companies to create shareholder value." 
 
          **ENDS** 
 
Enquiries 
 
Tern Plc                      via Redleaf Communications 
 
Al Sisto/Sarah Payne 
 
                   WH Ireland         Tel: [phone] 
 
     (NOMAD and joint broker) 
 
          Mike Coe/Ed Allsopp 
 
               Whitman Howard         Tel: [phone] 
 
               (Joint broker) 
 
  Nick Lovering/Francis North 
 
       Redleaf Communications         Tel: [phone] 
 
Elisabeth Cowell/Fiona Norman 
 
ISIN:          GB00BFPMV798 
Category Code: MSCH 
TIDM:          TERN 
LEI Code:      2138005F87SODHL9CQ36 
Sequence No.:  5670 
EQS News ID:   697871 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

June 22, 2018 02:01 ET (06:01 GMT)