Tekcapital plc Guident Ltd Appoints Chairman (6140C)

TIDMTEK

RNS Number : 6140C

Tekcapital plc

02 October 2018

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.

2nd October 2018

Tekcapital plc

("Tekcapital" or the "Company")

Guident Ltd Appoints Chairman

Tekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, announces that its wholly owned portfolio company Guident Ltd ("Guident") has appointed Harald Braun as its Chairman.

Mr. Braun has managed leading companies in the private and public telecommunications industry as president and CEO, including Siemens Networks USA (NYSE: SI) and Aviat Networks (NASDAQ: AVNW). He served also as a Senior Executive at Nokia Siemens Networks, North America. During his career, Harald has proven his capabilities as a global manager, transforming and building businesses in the U.S., Europe, Asia and Africa.

Harald has been a prominent standards influencer and spokesman for the telecommunications industry. He has served as treasurer of the Alliance for Telecommunications Industry Solutions (ATIS) and was a member of its executive board. He served on the Board of Directors of BigBand Networks (NASDAQ: BBND, acquired by ARRIS), on the Board of Directors of Tarana Wireless, Inc. and was Chairman of its Advisory Board and on the Advisory Board of Broadsoft (NASDAQ:BSFT, acquired by CISCO). Currently Harald is on the Board of CLAdirect INC., a Solution Technology provider and Dialogic Group INC., a leading provider of cloud-optimized real-time multimedia processing solutions and network infrastructure solutions.

Harald earned a Masters in engineering degree in Telecommunications from the University of Aachen in Germany.

"It's an exciting time to be appointed as the Chairman of Guident and to position the company as a world class innovator in the Artificial Intelligence (AI) autonomous vehicle market. Global market momentum is rapidly building up and with the emergence of 5G mobile network technology the use cases and the foundation for "Vehicle to anything" (V2X) communication are established. I'm looking forward to contributing to the growth and success of Guident," said Harald Braun.

Dr. Clifford Gross, Chairman at Tekcapital commented: "We are delighted that Guident has appointed Harald Braun as its Chairman. He is a successful senior executive with the skills and experience necessary to commercialize Guident's patented technology with autonomous vehicle and drone manufacturers." According to Market Research Future(1) the autonomous vehicle market is expected to reach US $65.3 billion by 2027.

About Guident, Ltd.

Guident was established by Tekcapital to commercialise new technology to enhance the utility, safety and enjoyment of autonomous vehicles and drones. It has exclusively licensed U.S. Patent # 9,429,943 from Florida Agricultural and Mechanical University. This patented technology has the potential to enable the development of software apps for controlling autonomous vehicles such as cars, trucks and drones using artificial intelligence. As an example, with this new technology, the directors of Tekcapital believe that it is possible to develop apps that allow users of autonomous vehicles to dispatch their vehicles to join ride sharing pools or identify available parking spots, and later retrieve their vehicles when they are ready to go on to their next destination.

For further information, please contact:

 
 Tekcapital plc                                       Via Walbrook PR 
  Clifford M Gross, Ph.D. 
 finnCap Ltd (Nominated Adviser 
  and Joint Broker)                             + 44 (0) 20 7220 0500 
 Geoff Nash / Max Bullen-Smith (Corporate 
  Finance) 
 Camille Gochez/Alice Lane (ECM) 
 Novum Securities Limited (Joint 
  Broker)                                        +44 (0) 20 7399 9427 
 Colin Rowbury (Corporate Broking) 
 Walbrook PR Ltd                                 +44 (0) 20 7933 8780 
 Paul Cornelius / Sam Allen / Nick          tekcapital@walbrookpr.com 
  Rome

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties. Additionally, using its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a range of IP investment services to make it easy for organisations to find, evaluate, acquire and license university-developed technology. Tekcapital plc 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

Reference

(1) https://www.marketwatch.com/press-release/autonomous-vehicles-market-size-industry-growth-share-opportunities-emerging-technologies-competitive-landscape-future-plans-and-global-trends-by-forecast-2023-2018-07-31

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.

END

MSCFSAESFFASESS

(END) Dow Jones Newswires

October 02, 2018 02:01 ET (06:01 GMT)

Tekcapital (LSE:TEK)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024