Tern PLC: Device Authority Contract Win

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

Tern PLC 
Tern PLC: Device Authority Contract Win 
 
11-Dec-2018 / 12:30 GMT/BST 
 
*This is a non-regulatory announcement* *which is not considered to be price 
sensitive to Tern plc. * 
 
*11 December 2018* 
*Tern Plc (the "Company" or the "Group")* 
*Device Authority Contract Win* 
Tern Plc (AIM: TERN), the investment company specialising in the Internet of 
Things ("IoT"), announces that its portfolio company, Device Authority 
("DA"), has been selected to deliver a minimum of 500 KeyScaler licences per 
annum to 3D Systems (NYSE: DDD), a US company which engineers, manufactures 
and sells 3D printers, to protect its 3D Connect Service. 
 
Under the terms of the contract, it is renewable on an annual basis. This 
contract leverages DA's partnership with PTC, as the PTC ThingWorx IoT 
platform is already being utilised by 3D Systems. KeyScaler has been 
selected to differentiate and elevate 3D Systems' service offering and to 
ensure that its customers, which cover a range of industries including 
healthcare, dental, automotive and aerospace, are not exposed to 
vulnerabilities which could cause downtime and IP/ data theft. 
 
Whilst the fees payable under the contract are not material to Tern, this 
contract win demonstrates additional traction by DA's sales force and sees 
Tern's portfolio company enter an exciting and growing segment of the IoT 
market. 
 
*Al Sisto, CEO of Tern, said, *"This is a strategically strong move for DA 
which sees them enter a key IoT market. 3D printing is a highly exciting, 
growing industry, although concerns about security are justified. With this 
in mind, we are delighted to see KeyScaler being implemented by 3D Systems, 
which has chosen DA's technology with its customers' security firmly in 
mind." 
 
*Enquiries * 
*Tern Plc*                    via Newgate Communications 
Al Sisto/Sarah Payne 
 
*Newgate Communications*      Tel: [phone] 
Elisabeth Cowell/Fiona Norman 
*About EQS Corporate News announcements* 
This is an EQS Corporate News announcement. EQS Corporate News is an 
investor communication service aimed at assisting listed and unlisted 
(including AIM quoted) companies to distribute media only/non-regulatory 
news releases such as marketing messages, corporate and product information 
into the public domain. Information required to be notified under the AIM 
Rules for Companies, Market Abuse Regulation or other regulation would be 
disseminated as an RNS regulatory announcement and not on EQS Corporate 
News. 
 
Dissemination of a CORPORATE NEWS, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
End of Announcement - EQS News Service 
 
756627 11-Dec-2018 
 
 

(END) Dow Jones Newswires

December 11, 2018 07:30 ET (12:30 GMT)