- Internet of Things company investor Tern said portfolio company Device Authority had been selected to deliver a minimum of 500 licences a year to printing company 3D Systems.

The contract, which was renewable on an annual basis, would not generate fees that were material to Tern.

However, the win demonstrated additional traction by Device Authority's sales force, while seeing it enter a growing segment of the IoT market, Tern said.

At 1:26pm: [LON:TERN] Tern Plc share price was +0.5p at 18.75p

Story provided by