RCS - Tekcapital plc - NOVELSAT and Guident Partnership

TekcapitalAnnouncement

24/02/2023 07:00

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RNS Number : 9169Q  Tekcapital plc  24 February 2023

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24 Feb 2023

Tekcapital Plc

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

Portfolio Company Update

NOVELSAT and Guident Partner to Enhance

 Autonomous Systems Safety with Space Connectivity

 

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 Ltd. ("Guident") has partnered with Novelsat Ltd.
(NOVELSAT), a global leader in content connectivity, to develop an innovative
always-on, ubiquitous remote monitor and control solution for autonomous
vehicles and devices.

 

The solution combines space communications using low earth orbit satellites,
and smart software to ensure optimal safety and security for autonomous
vehicles and devices, by enabling remote monitoring and operation at any time
and place and providing a further layer of monitoring in addition to 5G &
GPS. This integration of NOVELSAT's satellite-based space connectivity
technologies and Guident's human-in-the-loop AI technologies will provide a
reliable and high-speed bi-directional connectivity. This connectivity enables
continuous, high-quality video streaming to remotely monitor autonomous
systems and, when necessary, to enable remote control of the vehicles and
devices to resolve various edge cases. Additionally, the connectivity will
provide real-time audio and video communication with passengers, pedestrians,
or first responders, ensuring the highest level of safety for autonomous
systems, which is a crucial factor in the deployment and management of such
systems.

 

"NOVELSAT is excited to partner with Guident to bring the highest level of
safety to autonomous systems," said Gary Drutin, CEO of NOVELSAT. "Our
space-based connectivity solutions will ensure the always-on, high-capacity
connectivity that is essential for the safe deployment and operation of
autonomous vehicles and devices in diverse environments. We believe that this
partnership will enable us to lead the way in providing innovative
connectivity solutions that meet the needs of the autonomous systems
industry."

 

"Guident is thrilled to work with NOVELSAT to create an exceptional remote
monitoring and control solution for autonomous vehicles and devices," said
Harald Braun, Chairman and CEO of Guident. "Leveraging cross-network
connectivity, our human-in-the-loop AI technologies will enable always-on
remote monitoring control of autonomous vehicles and devices, thereby
resolving unforeseen situations and providing unparalleled safety and
reliability in various applications. We believe the integration of these
technologies is a game-changer, and we are excited to be at the forefront by
providing low earth orbit satellite monitoring redundance in addition to 5G
and GPS monitoring of autonomous vehicles."

 

The Market

According to Triton Market Research
(https://www.tritonmarketresearch.com/reports/autonomous-last-mile-delivery-market)
(")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 (http://www.guident.co)

 

About NOVELSAT

NOVELSAT is a leading provider of next-generation content connectivity
solutions. Powered by innovative technologies, our broadcast and broadband
solutions are transforming networks' capabilities to expand growth potential
and to drive new experiences on any device, anytime, anywhere. Our
high-performance products for satellite and terrestrial content connectivity
include integrated video solutions and highly efficient broadband connectivity
solutions, as well as best-in-industry content security solutions.
Transforming delivery of data and video with new levels of performance,
efficiency, agility, and security, NOVELSAT empowers mission-critical and
demanding applications for the mobile, media, entertainment, government, and
mobility markets. For more information visit www.novelsat.com
(http://www.novelsat.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 (http://www.tekcapital.com) .

 

LEI: 213800GOJTOV19FIFZ85

 

Tekcapital owns 100% of the share capital of Guident Ltd.

For further information, please contact:

 Tekcapital Plc                                                                 Via Flagstaff
 Clifford M. Gross, Ph.D.

 SP Angel Corporate Finance LLP                                                 +44 (0) 20 3470 0470

 (Nominated Adviser and Broker)
 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.

 

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