Tekcapital plc Guident Acquires Additional IP (2425D)
25 June 2019 - 4:00PM
UK Regulatory
TIDMTEK
RNS Number : 2425D
Tekcapital plc
25 June 2019
25 June 2019
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update:
Guident Ltd Acquires Additional IP for
Autonomous Vehicle Communication and Safety Network
Tekcapital Plc (AIM: TEK), the UK intellectual property (IP)
investment group focused on creating marketplace value from
investing in university technology, is pleased to announce that its
portfolio company Guident Ltd has exclusively licensed patent
application PCT US19 14 547 entitled: "Visual sensor fusion and
data sharing across connected vehicles for active safety" from
Michigan State University.
This important patent application describes methods for
enhancing the safety of AV's by enabling them to share information
with other AV's and drones regarding objects detected by their
sensors. This proprietary method may improve safety by providing a
more robust, real-time system for detecting pedestrians, traffic
conditions and potential hazards.
Harald Braun, Chairman at Guident said,
"We are pleased to announce that Guident has acquired the
exclusive license to PCT US19 14 547. This patent application
leverages the forthcoming 5G network for acquiring and sharing
vehicle-to-vehicle and vehicle-to-object information to improve
safety and reduce the likelihood of AV and drone accidents."
The Market
In a recent survey by PWC(1) , 43% of respondents indicated that
a key perceived disadvantage of AV relates to safety concerns.
Guident is seeking to help address these concerns with IP and
software to enhance the safety and practical utilization of AV's
and drones.
The autonomous vehicle market is expected to reach US $65
billion by 2027(2) and the drone logistics and transportation
market is projected to reach US $29 billion by 2027, at a CAGR of
21% from 2022 to 2027.(3)
In the U.S. alone, approximately 50 m packages are delivered
each day. This number is expected to rise to 100 m by 2026(4) .
Over the next few years, many of these deliveries are likely to be
performed by autonomous vehicles and drones.
Dr Clifford Gross, Chairman at Tekcapital commented: "We are
delighted to see that Guident has exclusively acquired additional
intellectual property rights to further enhance the adoption and
utilization of AV's and drones. To enhance the safety and
practicality of AV's, vehicle-to-vehicle and vehicle-to-object
information sharing systems are needed. The forthcoming 5G networks
will help make this technology a useful improvement for safe AV and
drone operation by empowering AV's to "see" not only what its
sensors detect but what the sensors of all nearby vehicles are able
to detect."
About Guident, Ltd.
Guident commercialises new technology to enhance the utility,
safety and enjoyment of autonomous vehicles and drones. Using its
proprietary IP, Guident is developing Apps and IP that allow users
of AV's to dispatch or control their vehicles remotely. To learn
more please visit www.guident.co.
About Tekcapital plc
Tekcapital creates value from investing in new,
university-developed intellectual properties and provides a range
of IP investment services to make it easy for organisations to
commercialise university-developed technology. Tekcapital 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
For further information, please contact:
Tekcapital Plc Via Yellow Jersey 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 (ECM)
Novum Securities Limited (Joint
Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Yellow Jersey Limited +44 (0) 20 7933 8780
Tim Thompson / Annabel Atkins tekcapital@yellowjerseypr.com
References
(1)
https://www.statista.com/statistics/720689/us-respondents-thoughts-on-the-disadvantages-of-autonomous-vehicles/
(2)
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
(3)
https://www.prnewswire.com/news-releases/29-06-billion-drone-logistics-and-transportation-market---global-forecast-to-2027--300667775.html
(4)
https://www.fool.com/investing/2019/06/15/4-hard-to-believe-driverless-car-facts.aspx
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 and 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 materialize, or should
underlying expectations not occur or assumptions prove incorrect,
actual results, performance or achievements of Guident and 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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