TekCapital Regulatory News (TEK)

9 April 2024

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

Portfolio Company Update: Guident, Ltd

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 announce today that Guident Ltd entered into Strategic Partnership agreement with Star Robotics, a leading Spanish-based company revolutionizing the robotics industry. Star Robotics offers robotic products and services tailored for operation in real human environments.

The Strategic Partnership will aim to integrate Guident's teleoperation solution into Star Robotics' products and provide an autonomous security surveillance solution with a human-in-the-loop capability. It also empowers both companies to work on a combined go to market strategy and promote the solution in North America.

Driven by a commitment to innovation, Star Robotics harnesses in-house developed modular technologies across mechanics, electronics, autonomous navigation, cloud, and artificial intelligence. Star Robotics "Watchbot" carry out surveillance and industrial inspection tasks. These state-of-the-art advancements enable the company to craft bespoke solutions precisely tailored to address the unique requirements of diverse markets. 

Photo courtesy of Guident Ltd

The Strategic Partnership aims to integrate Guident's industry-leading AV remote monitoring, control, assistance, and support services with Star Robotics autonomous navigation, cloud, and artificial intelligence solutions. Both companies' mission is to create collaborative, robust, and competitively priced solutions, ensuring cost-effectiveness from inception.

The culmination of those efforts will be showcased at the Guident Headquarters Inauguration event on April 18, 2024, in Boca Raton, Florida. This event will unveil the fully integrated solution, demonstrating the seamless fusion of Guident's Remote Monitor and Control Center (RMCC) solution with the Star Robotics autonomous security surveillance robot.

Harald Braun, Executive Chairman and CEO at Guident, stated: "Since establishing our strategic partnership, we have been delighted to collaborate with the Star Robotics team on several projects. With their relentless focus on pushing the boundaries of possibility, Star Robotics is poised to transform the way industries harness the power of robotics to drive efficiency, productivity, and success." 

"We are thrilled to join forces with Guident, a leader in Autonomous Vehicle (AV) teleoperation monitoring industry, to introduce a security surveillance robot equipped with human-in-the-loop capabilities. This groundbreaking collaboration marks a pivotal moment in advancing safety and innovation in autonomous technology. We couldn't be more excited to pioneer this revolutionary solution, setting a new standard for the industry." - Yamila Feccia, Chief Commercial Officer at Star Robotics. 

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 Star Robotics 

Star Robotics is a surveillance and inspection robotics company focused on the development and commercialization of ground robotic platforms. These platforms feature autonomous navigation and artificial intelligence capabilities, tailored for real-world operations in both indoor and outdoor environments. To learn more, please visit www.star-robotics.com/en/. 

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, its UK subsidiary.

For further information, please contact:

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's 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.