RCS - Tekcapital plc - Portfolio Company Update Guident

TekcapitalAnnouncement

21/08/2024 08:00

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RNS Number : 2352B  Tekcapital plc  21 August 2024

21 August 2024

 

Tekcapital Plc

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

Guident Corp. ("Guident") & X Reality Factory SL ("XRF") Execute Strategic
Partnership

 

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 Corp.
("Guident") and X Reality Factory SL ("XRF") have entered into a strategic
partnership to integrate XRF's cutting-edge solution with Guident's Remote
Monitor and Control Center (RMCC) platform.

 

This partnership combines XRF's advanced extended reality (XR) software with
Guident's RMCC software stack, transforming real-time monitoring into a fully
immersive virtual command centre. This enables the visualization of autonomous
robots and autonomous vehicles (AV) fleet location, health metrics, and other
key performance indicators from anywhere.

 

The virtual command centre leverages XR technologies, including Augmented
Reality, Virtual Reality and Mixed Reality. A 3D digital twin model is created
for the fixed routes, their environments, and each autonomous vehicle in the
fleet, accurately reflecting the operational design domain.

 

By merging these technologies, Guident will be able to provide comprehensive
situational awareness, enabling remote, immediate, and effective responses to
various scenarios. These immersive tools are ideal for monitoring AV fleets,
simulation, testing, and staff training.

 

In training mode, the platform transforms into an interactive learning
environment, offering simulations to practice and refine various scenarios,
including emergency response skills. With customizable modules, this solution
ensures effective and targeted training.

 

Guident plans to launch an integrated XRF immersive extended reality solution
with their RMCC software to customers in North America in H2 2024.

 

"Our partnership with Guident allows us to introduce an innovative solution
for real-time managing of autonomous robots and AV fleets. By integrating XRF
software with Guident's RMCC, fleet operators can monitor and respond to
situations more effectively. The interactive training mode offers an exciting
way to develop skills and prepare for multiple scenarios. We're eager to bring
this combined solution to market," said XRF's CEO Gustavo Medina.

 

"The partnership between Guident and XRF represents a significant step forward
in developing safe, smart, and sustainable transportation solutions for
communities. We are excited to launch the XRF solution coupled with Guident's
RMCC software, which extends the monitoring of autonomous robots and vehicles
worldwide through extended reality technologies," said Fabio Tylim, VP of
Business Development at Guident Corp.

 

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 XRF

XRF specializes in developing software solutions to aid decision-making for
complex scenarios. By leveraging extended reality and artificial intelligence,
XRF transforms critical information into visually engaging and easily
accessible formats. Their innovative approach has earned an international
clientele, including the Spanish Army, the Port of Valencia, and Saudi
Arabia's NEOM Line project. For more information, visit XRF's website at
www.xrf.ai (http://www.xrf.ai) .

.

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 https://www.tekcapital.com/
(https://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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