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Share Name Share Symbol Market Type Share ISIN Share Description
Tern LSE:TERN London Ordinary Share GB00BFPMV798 ORD 0.02P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50p -2.70% 18.00p 17.50p 18.50p 18.50p 17.40p 18.50p 597,080 13:10:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 0.1 -1.7 -1.4 - 42.60

Tern PLC: Fundamental Surgery Launched in the US

15/08/2018 7:01am

UK Regulatory (RNS & others)


Dow Jones received a payment from EQS/DGAP to publish this press release.

 
 
 Tern PLC (TERN) 
Tern PLC: Fundamental Surgery Launched in the US 
 
15-Aug-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. 
 
15 August 2018 
 
          Tern Plc (the "Company", or the "Group") 
 
          Fundamental Surgery Launched in the US 
 
 Tern Plc (AIM:TERN), the investment company specialising in the Internet of 
      Things ("IoT"), is pleased to note the announcement from its portfolio 
  company, FVRVS ("FundamentalVR"), in which it has a 18.3% holding, that it 
  has launched Fundamental Surgery, a first-of-its-kind SaaS platform in the 
                    USA. 
 
       Fundamental Surgery combines virtual reality ("VR") with cutting-edge 
         haptics (the sense of touch) to create low-cost and scalable flight 
                   simulator experiences for trainee and qualified surgeons. 
 
The SaaS system uses a unique Surgical Haptic Intelligence EngineTM ("SHIE") 
      which is calibrated to mimic real life sensations relating to surgical 
  practices. Its initial U.S offering will focus on training packages within 
      the Orthopedic Surgical disciplines. Available to order today, current 
  procedures supported include Spinal Pedicle Screw Placement, Posterior Hip 
 Replacement and Total Knee Arthroplasty. Further orthopedic procedures will 
   be added during Q4 2018 with other disciplines, including general surgery 
                    and cardiovascular slated for 2019. 
 
Tern CEO, Al Sisto, said: "We are delighted to see the launch of Fundamental 
 Surgery in the United States, which we believe represents an important next 
                    step for the company." 
 
          **ENDS** 
 
Enquiries 
 
Tern Plc                      via Redleaf Communications 
 
Al Sisto/Sarah Payne 
       Redleaf Communications         Tel: 020 3757 6880 
 
Elisabeth Cowell/Fiona Norman 
 
ISIN:          GB00BFPMV798 
Category Code: MSCU 
TIDM:          TERN 
LEI Code:      2138005F87SODHL9CQ36 
Sequence No.:  5876 
EQS News ID:   714391 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

August 15, 2018 02:01 ET (06:01 GMT)

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