TIDMTEK
RNS Number : 8138Y
Tekcapital plc
14 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.
14 September 2020
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd.
Guident Acquires New Regenerative Shock Absorber Technology
IP extends the driving range of electric vehicles
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 acquired a new regenerative shock
absorber technology which is designed to extend the driving range
of electric vehicles.
Guident has acquired the exclusive license to U.S. patent #
8,941,251 from the Research Foundation of the State of New York.
The patent enables the manufacture of electromagnetic regenerative
shock absorbers with high energy densities that are able to recover
a vehicle's vibration energy which is otherwise lost due to road
irregularities, vehicle accelerations and braking. In addition,
this unique design utilizing rotary mechanical motion rectifiers
can be tuned to achieve better damping characteristics than
existing shock absorbers.
This technology received the R&D 100 Award by R&D
Magazine, for one of the 100 most significant technology
innovations of the year from around the world.
Professor Lei Zuo , the lead inventor of the patent, and the
director of the National Science Foundation Center for Energy
Harvesting of Materials and Systems . Said, "I'm very glad Guident
is commercializing this important and highly efficient new
technology, which will enable vehicles to be more sustainable by
increasing their driving range and improving their ride
comfort."
"Electric vehicle manufacturers are seeking to cost-effectively
increase the driving range of their vehicles. Recapturing a
vehicle's kinetic energy through regenerative shock absorbers could
contribute to this objective and thus move the world toward
increasingly energy efficient mobility." said Ron Tarro, director,
and vice president, investment sourcing and screening, New World
Angels.
"We are very excited to announce the acquisition of the
exclusive rights to this remarkable technology and we're
immediately moving forward to fabricate regenerative shock
absorbers for testing by leading automotive companies, " 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 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 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/
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