Tekcapital plc Guident Ltd Appoints Director (5694J)
06 December 2018 - 6:00PM
UK Regulatory
TIDMTEK
RNS Number : 5694J
Tekcapital plc
06 December 2018
The information contained within this announcement is deemed by
the Company 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
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6(th) December 2018
Tekcapital plc
("Tekcapital" or the "Company")
Guident Ltd Appoints Director
Tekcapital plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
university technology, announces that its wholly owned portfolio
company Guident Ltd ("Guident") has appointed Johan De Nysschen as
a director.
Mr. De Nysschen has served as senior executive of several
leading automotive companies, including Executive Vice President of
General Motors and President of the Cadillac Motor Division,
President of Infiniti Motor Company Ltd, President of Audi of
America Inc, and President of Audi Japan, amongst other positions.
Johan has proven his capabilities as a global manager and visionary
leader in the automotive industry.
Johan earned an MBA from the University of Pretoria and a
Bachelors in economics from Nelson Mandela University.
"Autonomous vehicles are poised to disrupt and transform the
automotive industry. I believe they have the potential to
democratize driving, improve safety, create a new asset class and
increase the fun and utility of vehicle ownership. New players will
emerge and some will evolve into industry leaders. I'm looking
forward to contributing to the growth and success of Guident,"
said, Johan De Nysschen.
Dr. Clifford Gross, Chairman at Tekcapital commented: "We are
delighted that Guident has appointed Johan De Nysschen as a
director. He is one of the world's most successful and experienced
automotive executives and we are confident he will make a
significant contribution to the commercialization of Guident's
patented autonomous vehicle software technology." According to
Market Research Future(1) the autonomous vehicle market is expected
to reach US $65.3 billion by 2027."
About Guident, Ltd.
Guident was established by Tekcapital to commercialise new
technology to enhance the utility, safety and enjoyment of
autonomous vehicles and drones. It has exclusively licensed U.S.
Patent # 9,429,943 from Florida Agricultural and Mechanical
University. This patented technology has the potential to enable
the development of software apps for controlling autonomous
vehicles such as cars, trucks and drones using artificial
intelligence. As an example, with this new technology, the
directors of Tekcapital believe that it is possible to develop apps
that allow users of autonomous vehicles to dispatch their vehicles
to join ride sharing pools or identify available parking spots, and
later retrieve their vehicles when they are ready to go on to their
next destination.
For further information, please contact:
Tekcapital plc Via Walbrook PR
Clifford M Gross, Ph.D.
finnCap Ltd (Nominated Adviser
and Joint Broker) + 44 (0) 20 7220 0500
Geoff Nash / Max Bullen-Smith (Corporate
Finance)
Camille Gochez/Alice Lane (ECM)
Novum Securities Limited (Joint
Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Walbrook PR Ltd +44 (0) 20 7933 8780
Paul Cornelius / Sam Allen / Nick tekcapital@walbrookpr.com
Rome
Tekcapital plc - The World's Largest University Network for Open
Innovation
Tekcapital's objective is to create value from investing in new,
university-developed intellectual properties. Additionally, using
its proprietary discovery search engine, linked to 4,500+
universities in 160 countries, coupled with expert scientific
review, Tekcapital provides a range of IP investment services to
make it easy for organisations to find, evaluate, acquire and
license university-developed technology. Tekcapital plc is quoted
on the AIM market of the London Stock Exchange (AIM: symbol TEK)
and is headquartered in Oxford, in the UK. For more information,
please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
Reference
(1)
https://www.marketwatch.com/press-release/autonomous-vehicles-market-size-industry-growth-share-opportunities-emerging-technologies-competitive-landscape-future-plans-and-global-trends-by-forecast-2023-2018-07-31
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END
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