TIDMTEK
RNS Number : 5025Z
Tekcapital plc
21 September 2020
The information contained within this announcement is deemed by
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21 September 2020
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd., ("Guident")
Guident Files Additional Patent for Remote Monitoring and
Control of Autonomous 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 filed an additional patent for the
enhanced remote monitoring and control of autonomous vehicles
(AV's), delivery drones and robots.
Guident is pleased to announce that it has filed U.S. patent
application #17025152 entitled: "System and Methods for Remote
Monitoring of a Vehicle, Robot or Drone." This new patent teaches
methods and procedures for improving the real-time, intelligent
monitoring and control of AV's and land-based delivery drones. The
application is directed to a novel smart remote monitoring device
and improved remote monitoring control centre, describing methods
for monitoring incident risk level and remotely taking control of
multiple autonomous vehicles, robots, or drones. The systems and
methods described in the application can enhance the safety of
autonomous vehicles, robots, or drones.
Guident has developed and acquired a portfolio of seven patents
and applications, together which enables advanced teleoperation for
AV's and drones to enhance customer safety and security whilst
providing a reliable, low latency connection to any advanced mobile
network solution.
"We are very excited to announce this additional patent. We
believe that Guident's advanced Remote Monitoring and Control
Center (RMCC) for autonomous vehicles, robots and drones will
facilitate safe teleoperation capabilities of AV's, robots and
drones and enable vehicle manufacturers and fleet operators to
comply with local laws requiring remote monitoring and control for
driverless AV's," 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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