REG - Tekcapital plc - Guident Corp. Appointment of Investment Banker

TekcapitalAnnouncement

15/01/2025 07:00

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RNS Number : 3350T  Tekcapital plc  15 January 2025

 

 

The information contained within this announcement is deemed by the Company
(Companies House registration number 08873361) to constitute inside
information as stipulated under the Market Abuse Regulations (EU) No. 596/2014
("MAR"). With the publication of this announcement via a Regulatory
Information Service ("RIS"), this inside information is now considered to be
in the public domain.

 

15 January 2025

Tekcapital plc

 ("Tekcapital" or the "Company")

Portfolio Company Update: Guident Corp.

Appointment of Investment Banker

 

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
engaged a New York based investment banker to assist it in effectuating a
private placement and potential Nasdaq IPO later this year.

Guident has built one of the first commercial-grade remote monitoring and
control centres for autonomous vehicles in Florida, with additional facilities
underway in Michigan, and Europe, and has developed what we believe is a
comprehensive intellectual property portfolio covering teleoperations, coupled
with a strong sales pipeline.

 

Harald Braun, Executive Chairman of Guident, commented:

"We are very pleased to have appointed an investment banker. The AV industry
is rapidly developing, and we believe that teleoperations is critical for the
safe roll out of vehicles and robots. The adoption of autonomous vehicles
globally is accelerating, and Guident welcomes the accompanying regulatory
developments that put the safety of passengers and the public at the forefront
of autonomous vehicle rollouts."

 

About Guident

Guident provides industry-leading AV remote monitoring, control, assistance,
and passenger support services using its patented technology and software. To
learn more, please visit https://guident.com/ (https://guident.com/) .

 

Guident's RMCC in Boca Raton Florida, USA. Photo courtesy of Guident.

 

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) .

 

Following the issue of equity to members of the Guident team, the Company's
shareholding in Guident has reduced from 90 per cent to 70 per cent.

 

 

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

All statements of opinion and/or belief contained in this Press Release and
all views expressed represent the directors' own current assessment and
interpretation of information available to them as at the date of this Press
Release. In addition, this Press Release contains certain "forward-looking
statements", including but not limited to, the statements regarding the
Company's overall objectives and strategic plans, timetables and capital
expenditures. Forward-looking statements express, as at the date of this Press
Release, the Company's plans, estimates, valuations, forecasts, projections,
opinions, expectations or beliefs as to future events, results or performance.
Forward-looking statements involve a number of risks and uncertainties, many
of which are beyond the Company's control, and there can be no assurance that
such statements will prove to be accurate. No assurance is given that such
forward looking statements or views are correct or that the objectives of the
Company will be achieved. Further, the Company does not undertake any
obligation to update any forward-looking statement or other information that
is contained in this Press Release.

 

 

 

- Ends -

 

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