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IN BRIEF: TP Group To Develop AI Product For US Defence Department

Tue, 06th Oct 2020 14:23

TP Group PLC - Reading-based software and engineering services provider - Signs GBP200,000 contract with Colorado-based Mountain Horse Solutions to develop an autonomous navigation platform for land-based vehicles for the US Department of Defense. The nine-month contact will see TP Group's Digital Solutions team work in partnership with Mountain Horse to develop and demonstrate a navigation system for a convoy of autonomous vehicles. Following a successful demonstration of the concept, there is the potential to move to a production model that could go into live operation by the end of 2021.

Current stock price: 6.95 pence

Year-to-date change: up 6.1%

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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