20 May 2020
Wyld about IoT
Wyld Networks, a Tern investee, has announced a contract to work with the NHS in Scotland
to help care homes reduce the spread of COVID-19. Although the deal itself is likely to be
relatively small (no financial details are given), we believe that the agreement demonstrates
Internet of Things (IoT) in action, in a way and at a time that could gain material public
and investor attention. Tern has simultaneously announced the transfer of a GBP1.1m debt from
Wyld into a Convertible Loan Note form.
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(END) Dow Jones Newswires
May 20, 2020 02:31 ET (06:31 GMT)