Last checked at 3 May 2022 08:35
3rd May 2022
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio Company Update: Guident Ltd ("Guident")
Airspan Networks and Guident Testing Autonomous Vehicles
with Remote Monitoring at Scale Using CBRS
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 portfolio company Guident is working with Airspan Networks to provide customers with connectivity and software solutions for autonomous vehicles for smart city applications, using CBRS (Citizens Broadband Radio Service) spectrum.
Airspan and Guident, the developer of software solutions for autonomous vehicles, ground-based delivery drones, and electric vehicles, have successfully deployed a 5G Private Networks testbed based on CBRS at Guident's facility in Boca Raton, Florida. The testbed covers three square miles for developing, testing, and validating different use cases that require a fast, reliable network with low latency. One key use case is the driving of autonomous vehicles, which requires rapid decision making to provide enhanced safe driving operation at scale, with the goal to prevent potential autonomous vehicle accidents before they happen.
The testbed features an Airspan AirSpeed system, along with Guident's software platform connected to a Remote Monitoring and Control Center (RMCC). The combination has proven to have one of the lowest glass-to-glass latency (camera-to-monitor) measurements in the market of approximately 30 milliseconds. The innovation developed for this project has resulted in Guident filing for its eighth patent. Airspan will focus on providing and enhancing connectivity with its innovative 5G software, hardware and air interface mobility solutions. Guident is providing it's patented, advanced teleoperation for autonomous and human-driven vehicles, to enhance customer safety and security in addition to providing a reliable, low latency connection to any advanced mobile network.
Florida was selected for the first project as Florida State law #316.85, "Autonomous vehicles operation, compliance with traffic and motor vehicle laws," allows for the legal operation of autonomous vehicles and delivery devices anywhere in the state without a human driver, provided the vehicles are equipped with a teleoperation system.
"Airspan is a leader in providing innovative 5G Private Network solutions, and combining our software and hardware deployment expertise along with Guident's RMCC software platform for autonomous vehicles provides a tremendous opportunity to develop these critical use cases for our customers at scale," said Airspan Chairman and CEO Eric Stonestrom.
"We believe this effort will be a significant step towards the adoption of an Open RAN Network architecture which allows both low latency and secure connectivity for autonomous vehicle ecosystems. Airspan's disruptive, stand alone, cloud-native open architecture is potentially transforming the way telecommunication networks are built, and is a critical infrastructure component for connected AVs. We are delighted to be working with Airspan to enhance the reliability and performance of our proprietary, autonomous vehicle remote monitoring and control center," said Harald Braun, Executive Chairman of Guident.
About Airspan Networks
Airspan Networks Holdings Inc. (NYSE American: MIMO) is a U.S.-based provider of groundbreaking, disruptive software and hardware for 5G networks, and a pioneer in end-to-end Open RAN solutions that provide interoperability with other vendors. As a result of innovative technology and significant R&D investments to build and expand 5G solutions, Airspan believes it is well-positioned with 5G indoor and outdoor, Open RAN, private networks for enterprise customers and industrial use applications, fixed wireless access (FWA), and CBRS solutions to help mobile network operators of all sizes deploy their networks of the future, today. With over one million cells shipped to 1,000 customers in more than 100 countries, Airspan has global scale. For more information, visit www.airspan.com.
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.
Tekcapital owns 100% of the share capital of Guident Ltd.
LEI: 213800GOJTOV19FIFZ85
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 Tekcapital, Guident or Airspan 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 Tekcapital, Guident's or Airspan'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 materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Tekcapital, Guident or Airspan. may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Tekcapital, Guident nor Perrone intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments, which differ from those anticipated.