Last checked at 14 Jun 2023 07:00
-----
14 June 2023
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update
Guident Secures New Patent with Advanced Methods
for Remote Monitoring of Vehicles
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people's lives, is pleased to announce that Guident Ltd. ("Guident") has received a Notice of Allowance from the United States Patent and Trademark Office related to its patent application "Systems and Methods for Remote Monitoring of a Vehicle, Robot or Drone."
Guident's patent award reinforces its DNA of innovation, it also significantly expands its patent portfolio in the secure and safe operation of autonomous vehicles with the human-in-the-loop concept.
This new patent teaches the architecture and methods for near real-time, intelligent monitoring and controlling autonomous vehicles (AVs) and delivery devices fleets. The teleoperation architecture includes a novel in-vehicle intelligent monitoring and controlling device that predicts, detects, and reports incidents to a Remote Monitor and Control Center (RMCC) and provides real-time assistance services to passengers. A human-in-the-loop supervises the AI applications in this novel architecture, enhancing the safety of autonomous vehicles, robots, and drones.
"We are thrilled to unveil this remarkable addition to our intellectual property portfolio. This patent not only represents our commitment to passenger safety and assistance services but also signifies a significant leap forward in efficient autonomous vehicle fleet operations," stated Dr. Gabriel Castaneda, Guident's Vice President for AI and Research.
The Market
According to Triton Market Research "the last mile AV autonomous vehicle delivery market is expected to reach $41.7 billion by 2028 with a CAGR of 19%. Contactless or "touch-free" delivery is in high demand since the COVID-19 pandemic, and Guident believes this increased demand will accelerate the roll-out of land-based delivery drones for pedestrians, food and medicines to improve their availability and reduce the costs of these deliveries.
About Guident
Guident commercializes new technology to enhance the safety, efficiency and utility of autonomous vehicles and ground-based drones using its proprietary IP & software apps for remote monitoring and control. To learn more please visit www.guident.co
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.
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.