Tern (TERN)

Sector:

Financials

Index:

FTSE AIM All-Share

2.55p
   
  • Change Today:
      0.35p
  • 52 Week High: 8.50
  • 52 Week Low: 1.70
  • Currency: UK Pounds
  • Shares Issued: 409.68m
  • Volume: 6,795,875
  • Market Cap: £10.45m

Tern portfolio company inks deal with unnamed manufacturer

By Iain Gilbert

Date: Thursday 06 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Investment company Tern said on Thursday that portfolio company Device Authority had entered into a £200,000 contract with an unnamed automotive component and safety technology manufacturer.
Tern said the agreement would see Device Authority and technology partner nCipher provide internet-of-things security solutions to the mystery client by way of a key management solution.

By combining the two firm's technologies, the AIM-listed group's customer will be able to securely generate and import keys from original equipment manufacturers before storing and distributing them to their remote manufacturing lines for injection into electronic automotive components on the production line.

Chief executive Al Sisto said: "This is an important contract for DA which validates the superiority of its technology and its use in the automotive sector.

"The current Covid-19 pandemic has accelerated the technology trends that we were already observing in the industrial sector and with increased automation comes a much higher need for best-in-class security solutions. Through our investment in DA, which is partnered with leading players such as nCipher, PTC and Microsoft, Tern is ideally placed to capitalise on this."

As of 1110 BST, Tern shares had ticked up 0.072% to 6.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tern Market Data

Currency UK Pounds
Share Price 2.55p
Change Today 0.35p
% Change 15.91 %
52 Week High 8.50
52 Week Low 1.70
Volume 6,795,875
Shares Issued 409.68m
Market Cap £10.45m

Tern Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.25% above the market average52.25% above the market average52.25% above the market average52.25% above the market average52.25% above the market average
35.24% above the sector average35.24% above the sector average35.24% above the sector average35.24% above the sector average35.24% above the sector average
Price Trend
92.23% below the market average92.23% below the market average92.23% below the market average92.23% below the market average92.23% below the market average
98.28% below the sector average98.28% below the sector average98.28% below the sector average98.28% below the sector average98.28% below the sector average
Income Not Available
Growth
28.51% below the market average28.51% below the market average28.51% below the market average28.51% below the market average28.51% below the market average
23.36% below the sector average23.36% below the sector average23.36% below the sector average23.36% below the sector average23.36% below the sector average

Tern Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
17:08 185,000 @ 2.55p
16:24 23,151 @ 2.58p
16:15 104,317 @ 2.51p
16:10 38,655 @ 2.60p
16:10 253,248 @ 2.51p

Tern Key Personnel

CEO Albert Sisto

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