TIDMTEK
Tekcapital plc
16 June 2023
(-----)
16 June 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update
Space Florida Awards Grant to Guident and NOVELSAT
for Satellite-based, Remote Monitoring and Control Solution for
Autonomous Vehicles
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 Guident Ltd. ("Guident") has
been awarded funding from Space Florida for a groundbreaking
project under the Florida-Israel Innovation Partnership program,
together with its valued Israeli partner, NOVELSAT.
The grant being awarded is for the purpose of developing a safer
Remote Monitoring and Control Center (RMCC) for the monitoring,
management, and backup control of terrestrial autonomous vehicles,
with the assistance of satellite communications. This innovative
approach is aimed at providing redundant, continuous monitoring of
autonomous vehicles. Additionally, space communications provide a
mobile network connectivity alternative in areas with low signal or
no terrestrial mobile wireless network coverage.
"Through this extraordinary collaborative partnership, Space
Florida is at the forefront of welding cutting-edge innovation with
the boundless knowledge derived from scientific exploration. It
thereby forges a path that shapes the very essence of the future of
autonomous mobility," stated Tony Gannon, Vice President of
Research & Innovation for Space Florida.
Scheduled to commence in early July 2023, the joint project
brings together the collective expertise, resources, and vision of
Space Florida, Guident Corp, and NOVELSAT. Each organization's
unique strengths will synergistically contribute to developing
pioneering safety solutions for ground-based autonomous vehicles
using satellite communications.
"Guident is privileged to have the invaluable support and
guidance of Space Florida with their unrivaled experience and
strategic location for this new initiative," stated Dr. Gabriel
Castaneda, Guident's Vice President for AI and Research. "This
funding will help propel us forward as we embark on the development
and scale of an effective Remote Monitoring and Control Solution
with enhanced vehicle safety, together with our Israeli Partner
NOVELSAT."
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 Space Florida
Space Florida is an aerospace and spaceport development
authority in Florida, United States. It aims to promote and support
the growth of the aerospace industry in the state. Space Florida
offers various advantages to leading aerospace companies. Space
Florida has extensive experience and expertise in the aerospace
industry, providing valuable knowledge and resources to
companies.
The organization offers financial tools such as grants, loans,
and tax incentives to help aerospace companies with their new
initiatives, encouraging economic growth and development.
Florida offers a strategic and advantageous location for
aerospace companies. Its proximity to the equator allows for more
efficient launches, and it has a well-established aerospace
infrastructure and support network. Several world-class companies
have built long-term relationships with Space Florida. including
Northrop Grumman, Blue Origin, and EVE Air Mobility. These
partnerships demonstrate the attractiveness of Space Florida as a
hub for aerospace activities and the trust that leading companies
place in its capabilities. To learn more, please visit
www.spaceflorida.gov .
About NOVELSAT
NOVELSAT is a leading provider of next-generation content
connectivity solutions. Powered by innovative technologies, our
broadcast and broadband solutions are transforming networks'
capabilities to expand growth potential and to drive new
experiences on any device, anytime, anywhere. Our high-performance
products for satellite and terrestrial content connectivity include
integrated video solutions and highly efficient broadband
connectivity solutions, and best-in-industry content security
solutions. Transforming data and video delivery with new levels of
performance, efficiency, agility, and security, NOVELSAT empowers
mission-critical and demanding applications for the mobile, media,
entertainment, government, and mobility markets. For more
information visit www.novelsat.com .
About Guident
Guident commercializes patented technology to enable safer
autonomous vehicles and devices by providing industry-leading AV
remote monitoring, control, assistance, and passenger support
services. To learn more, please visit www.guident.com .
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 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.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. 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
NRAFFFEIREIELIV
(END) Dow Jones Newswires
June 16, 2023 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