RCS - Tekcapital plc - Portfolio Company Update : Guident Ltd

TekcapitalAnnouncement

05/04/2024 07:00

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RNS Number : 3952J  Tekcapital plc  05 April 2024

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5 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 that Guident is
incorporating its remote monitoring and control (RMCC) technology into AuVe
Tech OÜ ("Auve Tech") MiCa autonomous shuttle.

 

Auve Tech, a pioneer in autonomous transportation systems, based in Tallinn,
Estonia, has officially introduced its flagship product, the MiCa shuttle, in
the US market. The MiCa vehicle offers turnkey autonomous transportation
solutions tailored to diverse environments and simple integration into
existing transport networks. In an important and innovative collaboration,
Auve Tech has partnered with Guident to integrate its RMCC teleoperation
solution into the MiCa autonomous shuttle, amplifying its safety features and
augmenting Auve Tech's advanced autonomous technology.

 

Guident is excited to announce that the MiCa autonomous shuttle has arrived at
their headquarters and integration with Guident's RMCC solution has commenced.
As a premier Autonomous Vehicle teleoperation monitoring company, Guident is
proud to collaborate with Auve Tech to integrate its industry-leading AV
remote monitoring, control and passenger support services with the MiCa, the
world's most compact and flexible level 4 autonomous shuttle.

 

The culmination of those efforts will be showcased at the Guident Headquarters
Inauguration event on 18 April 2024, in Boca Raton, Florida. This event will
unveil the fully integrated solution, demonstrating the seamless fusion of
Guident's RMCC solution with the MiCa autonomous shuttle.

 

Auvetech MiCa level 4 autonomous shuttle

Photo courtesy of AuVe Tech OÜ

 

Johannes Mossov, Board Member at AuVe Tech OÜ, said:

 "With MiCa now officially 'landed' in the US for market entry, we are glad
to join forces with Guident. Together, we are committed to enhancing the
safety and efficiency of our MiCa AV shuttles with their advanced remote
monitoring and control software. Based on the success in Japan and Europe, we
eagerly anticipate rapid deployment of our innovative combined solution in the
US and worldwide."

 

Harald Braun, Executive Chairman and CEO at Guident Ltd, stated:

"Since establishing our strategic partnership, we have been thrilled to
collaborate with the Auve Tech team on several projects. We are particularly
excited to achieve a significant milestone with Auve Tech's entry into the US
market coupled with the integration of our advanced teleoperation
technology."

 

About Auve Tech

Auve Tech specializes in the development and manufacturing of autonomous
transportation systems. We offer a full-scope service that entails autonomous
vehicles, their integration to various environments, and fleet management. To
learn more, please visit https://auve.tech/ (https://auve.tech/) .

 

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 (http://www.guident.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. 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:

 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'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.

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