Tern’s Wyld Networks receives purchase order from a Brazilian company worth c. £900,000

Tern Plc (LON:TERN), the company focused on value creation from Internet of Things technology businesses, has noted that Wyld Networks AB has announced that it has received a purchase order for its Wyld Connect IoT module from a Brazilian company for deployment in the forestry sector.  The purchase order has a total value of SEK 11.3 million (approximately £900,000) over a three-year period, starting in 2022.   Tern holds 58.7% of Wyld Networks’ issued share capital, which is quoted on the Nasdaq First North Growth Market in Stockholm.

The Wyld Connect solution being supplied will allow Wyld’s new customer to deploy IoT sensors in the forestry market to collect data from hard-to-reach areas directly from satellites.

Wyld’s sensor-to-satellite module suite with LoRaWAN®* allows IoT sensors to communicate directly from sensor to Low Earth Orbit satellites or in conjunction with terrestrial LoRa networks. Wyld’s modems, devices, and embedded technology are designed to enable communication with the cloud, no matter the location, providing global IoT coverage.

Commenting, Alastair Williamson, CEO of Wyld Networks said: “We are pleased to announce the receipt of this purchase order. The order is for the Wyld Connect IoT module and does not yet include the monthly service fee due at the service launch later this year. This order is in addition to the recently secured SEK 17 million orders that we announced on 10 March 2022, providing a total order book value of SEK 28.3 million generated in March this year.

“We continue to pilot the solution and engage with customers to secure orders for the Wyld Connect products ahead of the commercial launch of the full service later this year.”

*The LoRaWAN® specification, developed and maintained by the LoRa Alliance®, is a Low Power, Wide Area networking protocol designed to wirelessly connect battery operated ‘things’ to the internet in regional, national or global networks, and targets key IoT requirements such as bi-directional communication, end-to-end security, mobility and localization services.

Tern plc (LON:TERN) backs companies with proven technology, based in the UK but with global ambition.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Share on twitter
    Share on linkedin

    More articles like this

    Tern further significant progress across portfolio companies during 2022

    Tern Plc (LON:TERN), the company focused on value creation from Internet of Things technology businesses, has provided an update on the recent activities of its portfolio companies. Highlights ·    Further significant progress across Tern’s portfolio companies during 2022, with important

    Wyld Networks Soil Nitrogen Monitoring

    SOIL NITROGEN MONITORING • CHALLENGE: Nitrogen supplements are often overused by farmers, which adds unnecessary expense to farm budgets and leads to nitrogen runoff in groundwater – a sustainability challenge. • SOLUTION: Wyld Network’s nitrogen monitoring solution enables

    What is a Virtual Satellite Network?

    As more and more businesses adopt IoT as a core part of their operations, the limitations of terrestrial IoT are being revealed. Whilst ideal for densely populated areas, terrestrial IoT can be limited when it comes to remote

    Big data for personalised medicine

    Personalised medicine has, over recent years, made the transition from ambition to reality. It moves healthcare from taking a one-size-fits-all or blunt approach to something far more responsive and tailored. Essentially, it involves stratifying patients according to a

    Barriers to IoT adoption

    The internet of things (IoT) has been taking over the corporate world for nearly a decade now. But some organisations are still facing barriers to IoT adoption. If your company is slow to pull the trigger on IoT,

    Tern director Mathew Scherba to join Konektio on secondment

    Tern Plc (LON:TERN), the company focused on value creation from Internet of Things technology businesses, has announced that it has agreed with the board of InVMA Limited, trading as Konektio, of which Tern currently owns 36.8% of the equity, and Konektio’s

    Sitdown with Wyld Networks

    Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams.

    Tern investee Wyld Network launches its satellite IoT network

    Tern Plc (LON:TERN), the company focused on value creation from Internet of Things technology businesses, has noted that Wyld Networks AB has today announced the launch of its pioneering satellite IoT network service providing 100% global connectivity for the IoT.  Tern’s holds 46.5% of

    Tern raises £1.5 million through subscription

    Tern Plc (LON:TERN), the company focused on value creation from Internet of Things technology businesses, has announced that it has raised £1.5 million, before expenses, through a subscription for 15,000,000 new ordinary shares of 0.02p each in the Company at a price

    Connected products in healthcare

    The healthcare sector has a huge amount to gain from the Internet of Things (IoT). Relatively simply and cost-effective tools and technologies have the potential to save significant resources, build more proactive and intelligent approaches to patient diagnostics,

    Wyld Networks: Sustainable growth, smarter farming

    Agriculture The global agricultural sector must deal with the twin challenges of feeding a growing population and delivering sustainable practices in the midst of climate change and complex environmental demands. LoRaWAN networks enable agricultural organisations to collect data

    How the IoT is changing HR

    It’s easy to think of the IoT being about devices, not people. After all, connected ‘things’ are the very fabric of the IoT. Yet place those devices in the hands of people, and you can start to see

    Can IoT help cut hospital waiting times?

    Our healthcare systems need to be viable and sustainable in the long term. However, the ever-evolving health needs of patients and communities, together with their increasing costs, can only be met by finding new ways to streamline provision.

    Wyld Networks announce launch of satellite IoT network service

    Wyld Networks is officially launching its pioneering satellite IoT network service that provides 100%, global connectivity for the Internet of Things. Wyld have established agreements with over forty launch partners along with a SEK 34 million backlog of purchase

    No more posts to show