Tekcapital plc Guident Update (6693A)

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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