REG - Tekcapital plc - Guident Expands its Strategic Partnership

TekcapitalAnnouncement

15/02/2024 07:00

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RNS Number : 1950D  Tekcapital plc  15 February 2024

 

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15 Feb 2024

Tekcapital Plc

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

Portfolio Company Update

Guident Expands its Strategic Partnership with AuVe Tech OÜ

 

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 share an update on Guident Ltd's
("Guident") strategic partnership with AuVe Tech OÜ ("Auve Tech").

 

Elevating the Capabilities of the MiCa AV Shuttle

Guident Ltd, a Tekcapital portfolio company, and a leading Autonomous Vehicle
(AV) teleoperation monitoring company announced today that it will integrate
its industry-leading AV remote monitoring, control, assistance, and passenger
support services with the world's most compact and flexible level 4 autonomous
shuttle, MiCa from Auve Tech.

Auve Tech is an Estonia-based company that specializes in the development and
manufacturing of autonomous transportation systems. Auve Tech's MiCa vehicle
provides turnkey, autonomous transportation with integration for diverse
environments coupled with fleet management software. By working together, the
groundbreaking MiCa shuttle will now incorporate Guident's teleoperation
solution, further enhancing its safety and Auve Tech's leading, self-driving
technology. For each vehicle outfitted with Guident's technology there will be
a hardware fee and a recurring license fee.

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 believe that the
combination of our advanced teleoperation technology with the innovative MiCa
autonomous shuttle represents a significant leap forward in advancing safety,
reliability, and autonomous driving capabilities across diverse weather and
traffic conditions."

Johannes Mossov, Board Member at Auve Tech stated:

"We are excited to be working together with Guident, to support the safety and
efficiency of our MiCa AV shuttles with their remote monitoring and control
software and look forward to rapidly manufacturing and deploying them
worldwide."

About AuVe Tech OÜ

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.

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' 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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