TIDMTEK
Tekcapital plc
19 April 2022
19th April 2022
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd ("Guident")
Perrone Robotics, Inc. and Guident Corp. Sign Strategic
Alliance
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
executed a strategic alliance with Perrone Robotics, Inc.
Guident develops software solutions for remote monitoring and
teleoperation of autonomous vehicles, and Perrone Robotics, Inc.,
is a leading provider of autonomous vehicle kits and full autonomy
software.
The objective of the alliance is to seamlessly integrate
GUIDENT's remote monitoring and teleoperation solution (RMCC) with
Perrone Robotics TONY AV kit for highly automated vehicles. The
scalable deployment of safe & reliable autonomous vehicles
requires a fast, reliable network coupled with low-latency, remote
monitoring and control software, to facilitate fleet level
management of multiple, concurrently operating autonomous
vehicles.
With Perrone Robotics TONY (TM) AV Kit and GUIDENT's RMCC
teleoperations communications system, municipalities and other
fleet operators will be able to provide testing environments and
commercially deploy Level-4 autonomy AV shuttles across a wide
variety and quantity of vehicles.
This strategic alliance is a key milestone for both companies as
they seek to seamlessly enhance the scalable deployment of safe and
reliable autonomous vehicle transport.
Paul Perrone, CEO of Perrone Robotics, said, "We are really
excited to partner with Guident to incorporate their remote
monitoring and control software into vehicles equipped with our
TONY full autonomous driver kit. As we are now addressing client
demands for fleet level operations of multiple vehicles, and
driverless operations, bringing remote monitoring and teleoperation
controls to operations becomes a key element for scale. Together,
Guident and Perrone Robotics are able to bring scalable fleet-level
autonomous vehicle operations to clients for the first time."
"We believe this strategic alliance will be a significant step
towards the adoption of autonomous vehicles for municipalities.
Perrone's TONY AV kit coupled with Guident's RMCC is a turn-key
solution for any municipality seeking vehicle independent,
automated transit of people and goods in geo-fenced and localized
operations," said Harald Braun, Executive Chairman of Guident.
Guident and Perrone Robitics will be exhibiting at Comotion
Miami on April 20th & 21st, 2022.
The Potential 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 people, and a wide variety of products to improve mobility and
reduce the costs of deliveries.
About Perrone Robotics, Inc.
Perrone is a leading provider of fully automated vehicle
systems. The company delivers mobility excellence via TONY(R)
(short for "TO Navigate You"), a vehicle independent retrofit kit
for use in the automated transit of people and goods in geo-fenced
and localized operations. TONY embeds inside any vehicle type or
model, for any job application to provide a complete "artificial
driver" solution that brings full autonomy in a safety certifiable
framework. Proven, piloted and in commercial production, Perrone
automated systems help commercial, municipal, and governmental
customers increase transportation efficiencies, enhance safety, and
accelerate zero-emission electric vehicle deployment. The company
also offers a portfolio of existing turnkey automated shuttles and
vehicles pre-integrated with the TONY retrofit kit. Learn more
please visit www.perronerobotics.com or follow us
@perronerobotics.
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
.
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 Tekcapital, Guident or Perrone 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 Tekcapital,
Guident's or Perrone'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 materialize, or should
underlying expectations not occur or assumptions prove incorrect,
actual results, performance or achievements of Tekcapital, Guident
or Perrone. may vary materially from those described explicitly or
implicitly in the relevant forward-looking statement. Neither
Tekcapital, Guident nor Perrone 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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