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Tern PLC: DA Security Blueprint

22 Jun 2018 07:01

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

Al Sisto/Sarah Payne

via Redleaf Communications

 

WH Ireland

(NOMAD and joint broker)

Mike Coe/Ed Allsopp

 

Tel: 0117 945 3470

 

Whitman Howard

(Joint broker)

Nick Lovering/Francis North

 

Tel: 020 7659 1234

 

Redleaf Communications

Elisabeth Cowell/Fiona Norman

 

Tel: 020 3757 6880

 

 

 


ISIN:GB00BFPMV798
Category Code:MSCH
TIDM:TERN
LEI Code:2138005F87SODHL9CQ36
Sequence No.:5670
EQS News ID:697871
 
End of AnnouncementEQS News Service

UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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