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Pin to quick picksTekCapital Media (TEK)

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Major OEM to lab test Guident regenerative shock absorbers soon

Guident, the autonomous vehicle software developer based in Miami and 100% owned by AIM-listed Tekcapital #TEK, told London South East that laboratory tests with a major automotive OEM for their latest patent, electromagnetic regenerative shock absorbers 'are to start soon'.

Harald Braun, the Chairman & CEO of Guident spoke to Donald Leggatt, and explained that the 'responsive shocks' as he calls them were not strictly core to the business but neverthless were too good an autonomous technology to pass by. Guident recently bought the patent for an undisclosed price to add to several others they hold in the algorithmic intelligence (AI) and electric vehicle (EV) field.

"The autonomous vehicle (AV) market in 2019 was $260 billion with a CAGR of 22/23% from our market research" Harald explained. "And even without trucks, that's 64 million shock absorbers a year, so we think they may be profitable."

The adoption rate of autonomous vehicles like Tesla's is 'not that great so far', but 'we predict there will be 'a major focus on autonomous vehicles in the future'.

Guident have been working with autonomous intelligence for a year and a half now, and are closely focused on the development of software for autonomous vehicles.

It is important to monitor and control cars with video connectivity, and terrestrial land drones (not flying ones) which enable 'zero touch delivery' of goods are part of that. Demand for land drones or robots spiked during Covid, and Harald say that ideas are being turned into software at a speed never seen before in the marketplace. "It is very important with a start-up to make sure you are open enough to see where the market is going. Zero touch delivery has had a huge push, and these are things you need to react to".

"In several states cars are obliged by law to have some sort of human intervention, and this is what we are focusing on doing at Guidant.This control room monitoring operation in real time is our core technology" said Harald.

The Autonomous Vehicle (AV) can send its sensory input information to the control center in real-time and the control center operator can take over operation of the vehicle, enabling it to navigate in a variety of difficult situations such as heavy weather, crowded and dangerous traffic scenarios, accident prevention and remediation, and off-grid and last mile package delivery.

#TEK

#AV

#AI

#Harald Braun

#Guident

#autonomous

#software

#landdrones

#Safety

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