Guident22 Nov 2024 07:43
Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people’s lives, is pleased to provide updates on portfolio company Guident Ltd (“Guident”).
Guident has made significant progress in the last few months as follows:
Jacksonville Transportation Authority issued a contract extension for several Guident AV projects.
Upcoming planned RMCC Deployments at Michigan State University and University at Buffalo are under negotiation.
Proposal submitted for an Autonomous Vehicle, including RMCC for the City of Peachtree Corners, Georgia, USA.
Three proposals were submitted for Guident’s Autonomous Surveillance and Inspection Robot monitoring service
Various Teleoperation proposals are being made in the USA, Asia, and Europe.
Implemented Redundant Multi-Network connectivity between Private and public Mobile Networks based on 4G/5G, Satellite GEO, and LEO orbits.
Enhanced User Interface (UI/UX) for Multi-Vehicle and Multi-AV Fleets
Integrating advanced Safety with AI-Based Incident Risk Level (IRL) Algorithms
Demonstrated cross-ocean low-latency remote operation of an AV in the US controlled by an RMCC in Europe.
The adoption of autonomous vehicles (AVs) across the United States is accelerating, and Guident welcomes the accompanying regulatory developments that put the safety of passengers and the public at the forefront of autonomous vehicle fleet rollouts.
Market Traction and Strategic Outlook
The Total Addressable Market (TAM) for automotive active safety systems (which includes Driver Monitoring) is projected to exceed $25 billion by 2030[1].
Autonomous vehicles are expected to transition from embryonic to the beginning of mainstream adoption across global markets. Waymo LLC is now providing 150,000 paid AV trips a week[2] and Tesla, Inc. is planning to launch its robotaxi service in 2026 [3].
Safety remains pivotal to the adoption of AVs for all stakeholders, including government bodies, manufacturers, consumers, technology developers, and AV fleet operators.
Guident believe that in the future all autonomous vehicles are likely to be mandated to utilise remote monitoring and control. Many states including California, Florida, Michigan, Arizona, Nevada, and Louisiana already require remote monitoring and control of AVs, with additional states and federal legislation likely to follow suit.
Guident believes that they are well positioned to play a significant role in the AV ecosystem and the safe scale-up of AVs with their first fully operational, ultra-low latency remote monitor and control teleoperations center with back-up low earth orbit satellite monitoring.
Clifford M. Gross, Ph.D., Executive Chairman of Tekcapital plc, commented:
“We are very excited about the recent progress of Guident and the performance of its leadership. We believe the timing for Guident’s potential IPO next year is qui