TekCapital Regulatory News (TEK)

The information contained within this announcement is deemed by the Company (Companies House registration number 08873361) 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 January 2025

Tekcapital plc

 ("Tekcapital" or the "Company")

GUIDENT Receives Significant Additional Patent Coverage for its

AV Remote Monitoring & Control Service

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that its portfolio company Guident Corp. ("Guident") has received additional intellectual property protection for its remote monitoring & control centre.

Guident has successfully validated its European Patent Grant No. 4097550, entitled Artificial Intelligence Method and Apparatus for Remote Monitoring and Control of Autonomous Vehicles, and has obtained patent protection in 20 European countries, including: Austria, Belgium, Bulgaria, Denmark, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Romania, Slovenia, Sweden, the United Kingdom and Norway.

The validated European patent is directed to an autonomous vehicle remote monitoring and control center (RMCC) employing distributed sensor fusion and artificial intelligence techniques that is configured to receive sensor data across multiple independently governed autonomous vehicles, including sensor data from vehicles not operating under RMCC control, determine incident risk levels, implement safety measures and take control of one or more of the autonomous vehicles when operating at an unsafe incident risk level, and return control when the risk level is safe.

In addition, Guident is pleased to announce it has received a Notice of Allowance from the United States Patent and Trademark Office for its U.S. Patent Application No. 17/579,203, entitled Near Real-Time Data and Video Streaming System for a Vehicle, Robot or Drone.

The allowed U.S. patent application is directed to methods and systems for using a remote monitoring control device to receive video and image data from and communicate with collection devices of autonomous vehicles, robots, or drones (such as camera sensors) to improve the safety of their operation. Guident anticipates the United States Patent will issue in due course after it pays the required issue fee.

Guident's RMCC in Boca Raton Florida, USA. Photo courtesy of Guident.

Harald Braun, Executive Chairman of Guident, commented:

"We believe our successful validation of European Patent Grant No. 4097550 across 20 countries marks a significant milestone in advancing Guident's mission to enhance the safety of autonomous vehicles through innovative AI and sensor fusion technology of our remote monitoring and control IP portfolio."

"Coupled with the anticipated forthcoming issuance of our U.S. Patent for near real-time data and video streaming systems, we believe we are setting new standards for the safety and reliability of autonomous vehicles, robots, and drones. These achievements exemplify Guident's commitment to driving the future of smarter and safer mobility solutions."

About GUIDENT

Guident commercializes patented technology to enable safer autonomous vehicles and devices by providing industry-leading AV remote monitor, control, assistance, and passenger support services. To learn more, please visit www.guident.com. 

Guident's RMCC Patent Portfolio

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives. 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 holds 70 per cent of the shares of Guident Corp.

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General Risk Factors and Forward-Looking Statements

All statements of opinion and/or belief contained in this Press Release and all views expressed represent the directors' own current assessment and interpretation of information available to them as at the date of this Press Release. In addition, this Press Release contains certain "forward-looking statements", including but not limited to, the statements regarding the Company's patent portfolio and our anticipated uses of our granted patents. Forward-looking statements express, as at the date of this Press Release, the Company's plans, estimates, valuations, forecasts, projections, opinions, expectations or beliefs as to future events, results or performance. Forward-looking statements involve a number of risks and uncertainties, many of which are beyond the Company's control, and there can be no assurance that such statements will prove to be accurate. No assurance is given that such forward looking statements or views are correct or that the objectives of the Company will be achieved. Further, the Company does not undertake any obligation to update any forward-looking statement or other information that is contained in this Press Release.

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