Business
New commercial order for InVMA
New commercial order for InVMA.
About this update from Tern Plc
[{"type":"text","content":"\n \nTern PLC (TERN)Tern PLC: New commercial order for InVMA01-Apr-2019 / 07:00 GMT/BSTDissemination of a Regulatory Announcement, transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n1 April 2019\n\nTern Plc (\"Tern\" or the \"Company\")\n\nNew commercial order for InVMA\n\nTern Plc (AIM: TERN), the investment company specialising in the Internet of Things (\"IoT\"), is pleased to announce that its portfolio company, InVMA Limited (\"InVMA\"), a leading PTC IoT partner and ThingWorx System Integrator, has secured an initial order worth £250,000 to InVMA, to provide services to a leading Aerospace and Defence organisation, through its partners DXC, Dell and ECA Services.\n\nInVMA and its partners will work together to enable an innovative Smart Factory implementation, combining information technology and operational technology to increase visibility and drive improvements to the customer's manufacturing quality and efficiency. \n\nInVMA Chairman and Tern director, Bruce Leith, said, \"This is a significant new order for InVMA, utilising its strategic partner network. We believe that this project has the potential to transform the way in which this leading Aerospace and Defence organisation works. This project takes full advantage of InVMA's information technology / operational technology convergence capabilities, and provides an opportunity to identify, build and wrap features for their products.\"\n\nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n\n \n\n**ENDS**\n\nEnquiries\n\n\n Tern plc\n\n Al Sisto, CEO\n\n Sarah Payne, Finance Director\n\n  \n \n \n Via Newgate Communications\n \n \n  \n\n Allenby Capital Limited\n\n (Nomad and Joint broker)\n\n David Worlidge/Alex Brearley\n\n  \n \n \n Tel: 0203 328 5656\n \n \n  \n\n Whitman Howard\n\n (Joint broker)\n\n Nick Lovering/Christopher Furness\n\n  \n \n \n Tel: 020 7659 1234\n \n \n Newgate Communications\n\n PR\n\n Elisabeth Cowell/Fiona Norman\n \n \n Tel: 020 3757 6880\n \n  \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nISIN:\n\tGB00BFPMV798\nCategory Code:\n\tMSCM\nTIDM:\n\tTERN\nLEI Code:\n\t2138005F87SODHL9CQ36\nSequence No.:\n\t8016\nEQS News ID:\n\t793939\n \nEnd of Announcement\n\tEQS News Service\n\n\n\n\n\n\n\n\n ","length":1351...