Tern Signs IP Licensing Deal with Avocet Sports

TAIPEI, Taiwan - Tern announced today that the company has signed a licensing agreement with UK bike specialist Avocet Sports Ltd. for use of its patented frame design in Avocet’s Ferrari 20-inch folding bike. The agreement covers all Ferrari bikes imported into the UK by Avocet to date as well as future imports of bikes that include Tern intellectual property.