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15 Feb 2024
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update
Guident Expands its Strategic Partnership with AuVe Tech OÜ
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 share an update on Guident Ltd's ("Guident") strategic partnership with AuVe Tech OÜ ("Auve Tech").
Elevating the Capabilities of the MiCa AV Shuttle
Guident Ltd, a Tekcapital portfolio company, and a leading Autonomous Vehicle (AV) teleoperation monitoring company announced today that it will integrate its industry-leading AV remote monitoring, control, assistance, and passenger support services with the world's most compact and flexible level 4 autonomous shuttle, MiCa from Auve Tech.
Auve Tech is an Estonia-based company that specializes in the development and manufacturing of autonomous transportation systems. Auve Tech's MiCa vehicle provides turnkey, autonomous transportation with integration for diverse environments coupled with fleet management software. By working together, the groundbreaking MiCa shuttle will now incorporate Guident's teleoperation solution, further enhancing its safety and Auve Tech's leading, self-driving technology. For each vehicle outfitted with Guident's technology there will be a hardware fee and a recurring license fee.
Harald Braun, Executive Chairman and CEO at Guident Ltd, stated:
"Since establishing our strategic partnership, we have been thrilled to collaborate with the Auve Tech team on several projects. We believe that the combination of our advanced teleoperation technology with the innovative MiCa autonomous shuttle represents a significant leap forward in advancing safety, reliability, and autonomous driving capabilities across diverse weather and traffic conditions."
Johannes Mossov, Board Member at Auve Tech stated:
"We are excited to be working together with Guident, to support the safety and efficiency of our MiCa AV shuttles with their remote monitoring and control software and look forward to rapidly manufacturing and deploying them worldwide."
About AuVe Tech OÜ
Auve Tech specializes in the development and manufacturing of autonomous transportation systems. We offer a full-scope service that entails autonomous vehicles, their integration to various environments and fleet management. To learn more, please visit https://auve.tech/.
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 www.guident.com.
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 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.
For further information, please contact:
Tekcapital Plc |
| Via Flagstaff |
Clifford M. Gross, Ph.D. | ||
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
| +44 (0) 20 3470 0470 |
Richard Morrison/Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking) | ||
Flagstaff Strategic and Investor Communications |
| +44 (0) 20 7129 1474 |
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' 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.