REG - Tekcapital plc - Guident to provide Autonomous Shuttle Services

TekcapitalAnnouncement

14/11/2022 07:00

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RNS Number : 2201G  Tekcapital plc  14 November 2022

14 Nov 2022

Tekcapital Plc

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

Portfolio Company Update

Guident selected to provide Autonomous Shuttle Services

 

Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF), 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
portfolio company Guident Ltd. ("Guident") has been selected by Boca Raton
Innovation Campus (BRiC) to provide an autonomous shuttle service for a
2.1-mile fixed route with eleven stops within BRiC and connecting to the Boca
Raton Tri Rail station, the most frequented station in South Florida. The
service will utilize Polaris GEM e6 vehicles equipped with autonomous vehicle
capabilities integrated with GUIDENT's Remote Monitor and Control Center
(RMCC) located at BRiC. Guident's patented software solution provides an added
layer of safety for autonomous shuttle services by delivering human in the
loop supervision to autonomous vehicle fleets.

 

"We are pleased to have executed a letter of intent (LOI) with Guident to have
them provide our autonomous and remotely monitored shuttle service throughout
BRiC," said Michael Perrette, General Manager of CP Group, the owner-operator
for BRiC. "Innovation and sustainability are driving forces for our business
model. We look forward to partnering with Guident to contribute to these goals
and the use of autonomous vehicle technology in the 21(st) century." Perrette
is responsible for overseeing the operations of BRiC's 123 acres.

 

BRiC will upgrade its current traditional shuttle service with electric
autonomous vehicles bringing transportation innovation to the largest
single-office complex in the state of Florida. Designed by the father of
brutalism, Marcel Breuer, the campus was originally built in 1969 for IBM's
Research and Development facility and is home to the invention of the first
personal computer and smartphone. The campus was acquired by CP Group in 2018
with the vision to bring BRiC's history into the future as an ecosystem for
innovation and a science and technology hub.

 

"We are delighted to have been selected to provide an autonomous and remotely
monitored shuttle service for the Boca Raton Innovation Campus. The campus'
historic past and promising future make the perfect fit for our technology,"
said Harald Braun, Chairman & CEO of Guident Ltd.

 

The Market

According to Triton Market Research
(https://www.tritonmarketresearch.com/reports/autonomous-last-mile-delivery-market)
(")the last mile AV autonomous vehicle delivery market is expected to reach
$41.7 billion by 2028 with a CAGR of 19%. Contactless or "touch-free" delivery
is in high-demand since the COVID 19 pandemic and Guident believes this
increased demand will accelerate the roll-out of land-based delivery drones
for pedestrians, food and medicines to improve their availability and reduce
the costs of these deliveries.

 

About Guident

Guident commercializes new technology to enhance the safety, efficiency and
utility of autonomous vehicles and ground-based drones using its proprietary
IP & software apps for remote monitoring and control.  To learn more
please visit www.guident.co (http://www.guident.co)

 

About BRiC

Boca Raton Innovation Campus (BRiC) is the largest single facility office
building in the State of Florida at 1.7 million square feet. Designed by
Marcel Breuer, the campus was originally built in 1969 for IBM and is home to
the invention of the first personal computer. The campus was acquired by CP
Group in 2018 with the vision of building off BRiC's history and evolving the
campus into a science and technology hub. An ideal landing spot for companies
with large footprints, BRiC is currently home to 18 national headquarters and
19 regional offices, including Kroger, Modernizing Medicine, Canon, and
Bluegreen Vacations. To learn more about the campus,
visit http://workatbric.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fworkatbric.com&esheet=52936432&newsitemid=20221005005095&lan=en-US&anchor=http%3A%2F%2Fworkatbric.com&index=3&md5=5ccb85a255433c3220a2af4978a4e706)
.

 

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.

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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