RCS - Tekcapital plc - Portfolio Company Update Guident Q1 2024

TekcapitalAnnouncement

02/05/2024 07:00

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RNS Number : 8980M  Tekcapital plc  02 May 2024

2 May 2024

 

Tekcapital Plc

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

Portfolio Company Q1 2024 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 provide an overview of Guident Ltd's
("Guident") significant achievements in urban mobility innovation over the
past quarter and key events for Q2 2024.

 

Highlights:

 

·    New Strategic Partnership with Star Robotics

·    Expansion of Strategic Partnership with Auve Tech

·    Guident Headquarters Inauguration Event

·    Guident will host the Third Annual Autonomous Vehicle Day 2024
Conference 31st May and attend CoMotion Miami 6th-7th May

 

Q1 2024 Highlights

 

Guident Headquarters Inauguration Event

 

Guident unveiled its new headquarters at an inauguration event held at the
Boca Raton Innovation Campus (BRIC) 18(th) April 2024. The event was attended
by city officials, industry leaders, and residents to showcase and celebrate
the latest innovations in autonomous vehicles and devices and the future of
urban mobility.

 

Image courtesy of Guident ltd.

The occasion showcased the broad commercial applications of Guident's Remote
Monitoring and Control Center ('RMCC') solution, demonstrating integration
with Auve Tech's MiCa autonomous shuttle and Star Robotics' surveillance
robot.

 

The new Guident headquarters features best-in-class video wall displays and a
state-of-the-art visualisation system. Guident's new RMCC is the first
commercial facility of its type in North America, and it will oversee an
autonomous shuttle service along a 2.1-mile fixed route within BRIC.

 

"I was thrilled by the strong turnout of our esteemed partners and valued
customers at Guident's new headquarters inauguration. Our event theme, 'To the
Future,' perfectly encapsulates Guident's vision and commitment to pioneering
advancements," said Harald Braun, Executive Chairman and CEO of Guident.

 

"With MiCa's debut, the world's most compact level 4 autonomous shuttle, and
our seamless integration with Star Robotics' state-of-the-art surveillance
robot, we've reached a pivotal moment in our mission for safer autonomous
vehicles and robotics."

 

 

New Strategic Partnership with Star Robotics' Autonomous Surveillance Robot

 

The new Strategic Partnership announced on 9(th) April 2024 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.

 

Seamless integration of Guident's technology was completed after Guident
received Star Robotics' "Watchbot" surveillance and industrial inspection
robots at their Boca Raton facility. Guident believes there is a large
addressable market for autonomous security surveillance solutions with
numerous industrial applications. In conjunction with Star Robotics, Guident
is formulating a go-to-market strategy to promote the solution across North
America.

 

Image courtesy of Guident ltd.

 

Expansion of Strategic Partnership with Auve Tech

 

Guident announced 5(th) April 2024 the expansion of its Strategic Partnership
with Auve Tech to launch the MiCa autonomous shuttle, the world's most compact
and flexible level 4 autonomous shuttle, into the US market. The MiCa vehicle
offers turnkey autonomous transportation solutions tailored to diverse
environments and simple integration into existing transport networks.

 

Image courtesy of Guident ltd.

 

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 to meet the safety
standards required of autonomous vehicles in the US. Guident has commenced
work to integrate its RMCC solution with MiCa shuttles and looks forward to
issuing updates at important milestones.

 

Key Events for Q2 2024

 

CoMotion Miami 6th-7th May 2024

 

Guident will attend CoMotion Miami, a leading urban mobility event showcasing
the latest innovation in mobility. At the event, which is frequented by global
mayors, innovative policymakers, public transportation agencies, technology
founders, disruptors, and VC investors, Guident will meet with potential new
customers and investors. Organisations present at this year's event include
the Ford Motor Company Fund, the US Department of Transportation, the Miami
Parking Authority, and the Build America Bureau.

 

Third Annual Autonomous Vehicle Day 2024 Conference 31(st) May

 

The Third Annual Autonomous Vehicle Day 2024 Conference will be held on 31 May
at the JTA Armsdale Test & Learn Facility in Jacksonville, Florida. This
year's theme is "Innovating Mobility, Building A Driverless Future," covering
topics including "Building The Autonomous Infrastructure." Guident's CEO,
Harald Braun, will headline the event and be joined by keynote speakers
representing the Jacksonville Transportation Authority, Adastec, Auve Tech,
Novelsat, Houston METRO, and the University of Oxford.

 

Tekcapital looks forward to announcing further Guident developments in the
coming period as the company progresses Strategic Partnerships and secures new
commercial opportunities.

 

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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