Guident Files Additional Patent

RNS Number : 5025Z

Tekcapital plc

21 September 2020

 

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.

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%.¹Contactless 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)		[phone]
Richard Morrison/Charlie Bouverat (Corporate Finance)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications		[phone]
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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