RCS - Tekcapital plc - Portfolio Company Update - Guident Corp

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19/06/2025 07:00

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RNS Number : 4743N  Tekcapital plc  19 June 2025

 

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(Companies House registration number 08873361) to constitute inside
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19 June 2025

Tekcapital plc

 ("Tekcapital" or the "Company")

Guident Corp Guident Achieves Industry First in Automated Bus Teleoperation

 

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
partnered with ADASTEC to teleoperate an SAE Level-4 autonomous electric bus
on the campus of Michigan State University (MSU). Level 4 autonomous vehicles
(AVs), according to the SAE J3016 standard, are considered highly automated
within defined operational design domains.  This means the vehicle can drive
itself without human intervention within specific geographic areas, road
types, weather conditions, and speed ranges.

 

In collaboration with ADASTEC Corp., Guident Corporation has achieved a
historic milestone in autonomous mobility by successfully teleoperating a SAE
Level-4 automated electric bus on the campus of MSU to demonstrate its use to
address AV edge cases. The vehicle, automated on the production line with
ADASTEC's SAE Level-4 automated driving software platform coupled with an
integrated sensor suite, was remotely driven in near real-time from Guident's
Remote Monitor and Control Center (RMCC) located 1,200 miles away in Boca
Raton, Florida.

 

This is the first known instance of long-distance remote driving to address
edge cases of a full-size automated bus in an operational transit setting.
Guident's RMCC enhances Autonomous Vehicle (AV) safety by enabling
human-in-the-loop teleoperation as a complementary layer to ADASTEC's
automated driving capabilities, providing real-time monitoring, remote
assistance, and remote driving when autonomous systems encounter edge cases
beyond their capability.

 

Remote Monitoring and Control of a full-size bus equipped with ADASTEC's AV
software

 

 

 

ADASTEC was first in the U.S. to deploy a full-size automated bus on public
roads in mixed traffic at MSU. By adding Guident's remote monitoring and
teleoperation to the ADASTEC AV software stack the MSU site continues to lead
in AV innovation. This collaboration of Guident and ADASTEC demonstrate a
shared commitment to advancing safe, scalable, and cost-effective automated
transportation through cutting-edge collaboration.

 

Harald Braun, Chairman & CEO of Guident, stated:

 

"This successful deployment is a significant milestone for safe, scalable
autonomous transit. Remote assistance isn't just a feature, it's essential for
every self-driving vehicle program. By having skilled people support
autonomous systems from anywhere, we can address the current limits of
technology, quickly resolve unexpected issues, and make self-driving vehicles
safer and more reliable for everyone."

 

Cemre Kavvasoglu, North America Product Management Director at ADASTEC,
stated:

 

"This milestone shows how ADASTEC's flowride.ai platform, combined with remote
supervision, can help advance automated public transportation. With core
automated driving capabilities already built into the vehicle through our SAE
Level-4 automated driving software platform and Guident's RMCC providing
remote support to address edge cases we can bring us closer to safe and
scalable automated bus operations."

 

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
https://guident.com/ (https://guident.com/) .

 

About ADASTEC Corp.

 

Established in 2018, ADASTEC Corp is a leading US-based provider of Level-4
automation solutions for full-size buses and commercial vehicles. Our flagship
product, the SAE Level-4 automation platform flowride.ai, sets the standard in
full-size bus automation with its advanced capabilities and has achieved key
regulatory approvals, distinguishing ADASTEC as an industry pioneer. With a
commitment to quality and innovation, ADASTEC holds prestigious ISO
certifications and is headquartered in East Lansing, Michigan, with a global
presence in Türkiye, Germany, Sweden and The Netherlands.

 

ADASTEC is dedicated to transforming public transportation into a more
sustainable and efficient system with a proven track record of international
deployments and strong industry partnerships. Our expertise in delivering
factory-fitted full-size buses and commercial vehicle automation and
integration into public transport systems underscores our commitment to
providing scalable, cost-effective, and safety-focused solutions to meet the
evolving needs of modern cities.

 

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
(http://www.tekcapital.com) .

 

Tekcapital owns approximately 70% of Guident Corp.

 

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)
 Richard Parlons/Abigail Wayne (Corporate Broking)

 Flagstaff Strategic and Investor Communications                                        +44 (0) 20 7129 1474
 Tim Thompson/Andrea Seymour/Fergus Mellon

 

General Risk Factors and Forward-Looking Statements

 

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is contained in this Press Release.

 

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