TEK Tekcapital Plc

21 August 2024

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

Guident Corp. ("Guident") & X Reality Factory SL ("XRF") Execute Strategic Partnership

Tekcapital Plc (AIM: TEK), 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 Corp. ("Guident") and X Reality Factory SL ("XRF") have entered into a strategic partnership to integrate XRF's cutting-edge solution with Guident's Remote Monitor and Control Center (RMCC) platform.

This partnership combines XRF's advanced extended reality (XR) software with Guident's RMCC software stack, transforming real-time monitoring into a fully immersive virtual command centre. This enables the visualization of autonomous robots and autonomous vehicles (AV) fleet location, health metrics, and other key performance indicators from anywhere.

The virtual command centre leverages XR technologies, including Augmented Reality, Virtual Reality and Mixed Reality. A 3D digital twin model is created for the fixed routes, their environments, and each autonomous vehicle in the fleet, accurately reflecting the operational design domain.

By merging these technologies, Guident will be able to provide comprehensive situational awareness, enabling remote, immediate, and effective responses to various scenarios. These immersive tools are ideal for monitoring AV fleets, simulation, testing, and staff training.

In training mode, the platform transforms into an interactive learning environment, offering simulations to practice and refine various scenarios, including emergency response skills. With customizable modules, this solution ensures effective and targeted training.

Guident plans to launch an integrated XRF immersive extended reality solution with their RMCC software to customers in North America in H2 2024.

"Our partnership with Guident allows us to introduce an innovative solution for real-time managing of autonomous robots and AV fleets. By integrating XRF software with Guident's RMCC, fleet operators can monitor and respond to situations more effectively. The interactive training mode offers an exciting way to develop skills and prepare for multiple scenarios. We're eager to bring this combined solution to market," said XRF's CEO Gustavo Medina.

"The partnership between Guident and XRF represents a significant step forward in developing safe, smart, and sustainable transportation solutions for communities. We are excited to launch the XRF solution coupled with Guident's RMCC software, which extends the monitoring of autonomous robots and vehicles worldwide through extended reality technologies," said Fabio Tylim, VP of Business Development at Guident Corp.

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 https://guident.com/.

About XRF 

XRF specializes in developing software solutions to aid decision-making for complex scenarios. By leveraging extended reality and artificial intelligence, XRF transforms critical information into visually engaging and easily accessible formats. Their innovative approach has earned an international clientele, including the Spanish Army, the Port of Valencia, and Saudi Arabia's NEOM Line project. For more information, visit XRF's website at www.xrf.ai.

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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 https://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, and 100% of Revive Energy Solutions Ltd, its UK subsidiary.

For further information, please contact:

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's 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.