Tekcapital plc Guident Update (6693A)
04 Febbraio 2022 - 7:59AM
UK Regulatory
TIDMTEK
RNS Number : 6693A
Tekcapital plc
04 February 2022
4th February 2022
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd ("Guident")
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF), the UK intellectual
property investment group focused on transforming university
technologies into valuable products that can improve people's
lives, is pleased to announce that portfolio company Guident has
provided an update on some of their recent activities.
1. Guident Ltd, the developer of software for improving the
safety of autonomous vehicles (AVs) and delivery robots, announced
that they have filed their 8(th) patent application covering
improvements to their remote monitoring and control centre for AVs.
U.S. patent application #17/579,203 entitled: "Near Real-Time Data
and Video Streaming System for a Vehicle, Robot or Drone".
"We have achieved what we believe to be one of the lowest
glass-to-glass (camera-to-monitor) latencies in the market. This
technology is required by teleoperations (which enables a human to
remotely monitor and control an autonomous vehicle) as it
facilitates rapid image analysis for quick decision making," said
Harald Braun, Chairman & CEO of Guident Ltd.
2. Guident attended the 2022 Consumer Electronic Show in Las
Vegas, and whilst there engaged in meetings with potential
customers and partners regarding its teleoperation solution, and
was delighted with their feedback and desire to collaborate.
Discussions are on-going and the Company will update the market as
appropriate.
3. Additionally, Guident has announced progress with their
regenerative shock absorbers (RSA). They reported that their RSA
prototypes have been fabricated and are being evaluated by
independent test facilities to confirm their performance and
capabilities. Guident is currently in discussions with potential
customers and strategic partners to both manufacture and use their
RSA's. The picture of the RSA prototype can be found under the
following link: https://guident.co/shock-abs.jpg
The Market
According to Triton Market Research (") the last mile AV
delivery market autonomous vehicle market is expected to reach
$41.7 billion by 2028 with a CAGR of 19%. Contactless or
"touch-free" delivery is in high-demand since the COVID 19 pandemic
and 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
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
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed discoveries that can enhance people's lives
and provides a range of technology transfer services to help
organisations evaluate and commercialise new technologies.
Tekcapital is quoted on the AIM market of the London Stock Exchange
(AIM: symbol TEK) and is headquartered in the UK. For more
information, please visit www.tekcapital.com .
LEI: 213800GOJTOV19FIFZ85
Tekcapital owns 100% of the share capital of Guident Ltd.
For further information, please contact:
Tekcapital Plc V ia 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 / Rob Rees (Corporate
Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
Forward Looking Statements
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.
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END
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