TIDMTEK
RNS Number : 1460Y
Tekcapital plc
07 September 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
7 September 2020
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd.
Tekcapital Plc (AIM: TEK), the UK intellectual property
investment group focused on creating marketplace value from
investing in university technology, is pleased to announce that
portfolio company Guident has entered into a Strategic Alliance
with Bestmile USA, Inc.
This strategic alliance with Bestmile will focus on several
areas for collaboration in Europe and North America. This will
include providing Guident's patented, advanced teleoperation for
autonomous and human-driven vehicles to enhance customer safety and
security, incorporating a reliable, low latency connection to any
advanced mobile network solution. We believe this strategic
alliance is a key milestone for both companies to address a
critical need in the autonomous vehicle ecosystem and will enable
both companies to provide a more complete solution to their
customers.
Initially launched in 2014, Bestmile has pioneered the
operations of autonomous vehicles into real-life mobility
solutions. Today, Bestmile technology is deployed worldwide,
powering cutting-edge mobility solutions moving thousands of people
every day.
Rich Tehrani, CEO and Group Editor-in-Chief of TMC said,
"Guident's SaaS solution providing AI-based autonomous services are
perfect for a number of applications including zero-touch delivery
companies, vehicle manufacturers, smart cities and fleet
operators."
Guident provides patented artificial intelligence solutions for
autonomous vehicles and drones including valet systems, concierge
services, remote monitoring and control and connected vehicle data
sharing for active safety. Additionally, Guident's teleoperation
system is designed to integrate within smart cities to improve the
safety and performance of transportation in the smart city
environment.
"We are very excited to announce this strategic alliance with
Bestmile and we believe that working together will enable the
successful integration and application of Guident's advanced
teleoperation and control system for autonomous vehicles with
Bestmile's Fleet Orchestration Platform," says Harald Braun,
Chairman & CEO of Guident.
The Market
According to Allied Market Research, (") the autonomous vehicle
market is expected to reach $556 billion by 2026 with a CAGR of
39%.(1) Contactless or "touch-free" delivery is in high demand due
to the COVID 19 pandemic.(2) (, 3) Guident believes this increased
demand will accelerate the roll-out of land-based delivery drones
for food and medicines to improve their availability and reduce the
costs of these deliveries.
About Bestmile SA
Bestmile's Fleet Orchestration Platform empowers mobility
providers to deploy, manage and optimize autonomous and
conventional vehicle fleets, supporting time-based and on-demand
services, regardless of the vehicle brand or type. The Bestmile
platform allows operators to support multi-service offerings in a
safe and efficient manner by integrating new mobility services in
the existing transportation ecosystem. Bestmile's Fleet
Orchestration Platform is being used daily throughout the world in
shared autonomous and conventional fleets in pedestrian areas and
on public roads. Incorporated in 2014, Bestmile has global offices
in San Francisco (USA) and Lausanne (Switzerland). To learn more
please visit https://bestmile.com/
About Guident, Ltd.
Guident commercializes new technology to enhance the safety,
efficiency and utility of autonomous vehicles and ground-based
drones using its proprietary IP & software apps for remote
monitoring and control. To learn more please visit
www.guident.co
Tekcapital owns 100% of the share capital of Guident Ltd.
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in Oxford, in the UK. For more information,
please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
For further information, please contact:
Tekcapital Plc Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated
Adviser and Joint Broker) +44 (0) 20 3470 0470
Richard Morrison/Charlie Bouverat (Corporate
Finance)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
This press release is for informational purposes only. The
information herein does not constitute investment advice nor an
offer to invest and may contain statements related to our future
business and financial performance and future events or
developments involving Guident or Tekcapital that may constitute
forward-looking statements. These statements may be identified by
words such as "expect," "look forward to," "anticipate" "intend,"
"plan," "believe," "seek," "estimate," "will," "project" or words
of similar meaning. We may also make forward-looking statements in
other reports, in presentations, in material delivered to
customers, stakeholders and in press releases. In addition, our
representatives may from time to time make oral forward-looking
statements. Such statements may be based on the current
expectations and certain assumptions of Guident' and/or
Tekcapital's management. Please note that these are subject to a
number of risks, uncertainties and factors, including, but not
limited to those described in various disclosures. Should one or
more of these risks or uncertainties materialise, or should
underlying expectations not occur or assumptions prove incorrect,
actual results, performance or achievements of Guident or
Tekcapital may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
Guident nor Tekcapital intends, nor assumes any obligation, to
update or revise these forward-looking statements in light of
developments which differ from those anticipated.
References
(1) https://www.alliedmarketresearch.com/autonomous-vehicle-market
(2)
https://www.cnet.com/how-to/how-to-safely-order-food-delivery-takeout-and-groceries-during-coronavirus-quarantines/
(3)
https://techcrunch.com/2020/04/01/uber-eats-beefs-up-its-grocery-delivery-offer-as-covid-19-lockdowns-continue/
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDEAENSESAEEFA
(END) Dow Jones Newswires
September 07, 2020 02:00 ET (06:00 GMT)
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Tekcapital (LSE:TEK)
Storico
Da Lug 2023 a Lug 2024