TIDMTEK
RNS Number : 2918T
Tekcapital plc
17 March 2023
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 as imported into the
laws of England and Wales by virtue of the European Union
(Withdrawal) Act 2018 (as amended) and certain other enacting
measures ("UK 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.
17 March 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd
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 provide a progress report on Guident Ltd.
("Guident").
Guident is developing remote monitoring and control software to
improve safety of autonomous vehicles and land-based delivery
devices. Guident's software will incorporate artificial
intelligence and advanced network technologies to minimize signal
latency and help improve the safety of autonomous vehicles.
Since the start of 2023, Guident has enjoyed greater commercial
traction and its sales pipeline grow as a result of meetings with
new strategic partners and prospective customers. A strategic
workshop also took place where Guident agreed on the R&D
roadmap for 2023, including a newly defined order process and
product names for the Remote Monitoring and Control Center solution
(RMCC) and the Regenerative Shock Absorber (RSA) and its
components.
Guident will shortly deploy its RMCC service for the
Jacksonville Transportation Authority (JTA) and expects the first
Purchase Order from the contract shortly. Management visited JTA in
February 2023 which resulted in defined actions for the deployment
of Guident's proprietary teleoperation solution by May 2023.
RMCC
As announced on 17 Februry 2023, Guident signed a letter of
intent with Auve Tech a developer and manufacturer of autonomous
transportation systems . Guident's management team also visited
Auve Tech with a view to deploying turn-key solutions consisting of
Guident's teleoperation software being included with Auve Tech's
level-4 Autonomous vehicles to potential customers in the US,
Europe, and Asia.
Meeting Auve Tech Leadership Team in Estonia 2023
Auve Tech Autonomous Level-4 Shuttle
The Company is also finalizing its contract with the Boca Raton
Innovation Campus (BRiC) to provide AV shuttle services, together
with its partners. Guident's will update the market on the
successful execution of this project in due course.
BRIC Campus and Proposed Autonomous Shuttle Route Map
Lastly, Guident has partnered with Novelsat to provide space
connectivity for AVs under the Space Florida project. Space Florida
was created to strengthen Florida's position as a global leader in
aerospace research, investment, exploration, and commerce by
leveraging NASA's research ecosystem. We believe that such
connectivity would further enhance Guident's competitive advantage
by adding an always available, low earth orbit monitoring solution,
for its remote monitoring and control centres.
LEO Satellites to be Used by Guident for System Redundancy
The Market
According to Triton Market Research (") the last mile AV
autonomous vehicle delivery 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 pedestrians, 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.
Guident Ltd owns approximately 91% of Guident Corp., its US
subsidiary.
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 ay 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.
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
PFUEAADKFASDEAA
(END) Dow Jones Newswires
March 17, 2023 03:00 ET (07:00 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