TIDMTEK
RNS Number : 1274J
Tekcapital plc
08 April 2020
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
the public domain.
8 April 2020
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update: Guident Ltd.
Tekcapital Plc (AIM: TEK), the UK intellectual property
investment group focused on creating marketplace value from
investing in university technology, is very pleased to announce
that Guident has made significant progress in the development of
both its management team and its intellectual property portfolio
.
Guident is pleased to announce several management additions
including the appointment of Harald Braun as the Company's Chairman
and CEO. Mr. Braun, has previously served as CEO of Siemens
Networks USA (NYSE: SI) and Aviat Networks (NASDAQ: AVNW). He also
served as a Senior Executive at Nokia Siemens Networks, North
America. Guident has also appointed Daniel Grossman as the
Company's Chief Revenue Officer. Daniel who currently serves on the
board of Guident has previously helped to create General Motors
mobility division, "Maven", where he led operations as COO, and was
Vice President at Zipcar, where he helped pioneer the brand
globally, amongst other senior executive positions.
Additionally, the Company has appointed Michael Trank as VP
Software Development and Dr. Gabriel Castaneda as Lead Architect,
Artificial Intelligence Software to its team.
Guident has also announced that it has received a Notice of
Allowance from the United States Patent and Trademark Office for
its patent application # 16/386,530 entitled "Methods and Systems
for Emergency Handoff of an Autonomous Vehicle" and has filed an
additional patent entitled, "Intelligent Remote Monitoring and
Control of Autonomous Vehicles." This brings Guident's IP portfolio
to five intellectual properties, of which four have been allowed or
granted. All of these patents are focused on improving the safety
of AV's and land-based delivery drones.
The Market
According to Allied Market Research (") the autonomous vehicle
("AV") market is expected to reach $556 billion by 2026 with a CAGR
of 39%.(1) Contactless or "touch-free" delivery is in high demand
due to the COVID 19 pandemic.(2,3) Guident believes this increased
demand will accelerate the roll-out of land-based delivery drones
for food and medicines to improve their availability and reduce the
costs of these deliveries.
"We are very pleased to report our development progress in
strengthening the team and the intellectual property of Guident. We
believe autonomous, land-based delivery drones will likely be
implemented in several markets in the U.S. and elsewhere in 2021
and we are readying the Company to provide patented software and
remote monitoring and control services to enhance the safety of
these vehicles and enable them to comply with local laws," says
Harald Braun, Chairman & CEO of Guident Ltd.
Dr Clifford Gross, Executive Chairman at Tekcapital, commented:
"We are very glad to see the significant progress of Guident Ltd
and we are confident they have the right leadership, strategy and
intellectual property to make a meaningful contribution to the
safety of AV's and delivery drones."
Tekcapital owns 100% of the share capital of Guident Ltd.
About Guident, Ltd.
Guident commercialises new technology to enhance the utility and
safety of autonomous vehicles and drones using its proprietary IP.
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 Flagstaff IR
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP (Nominated
Adviser and Joint Broker) +44 (0) 20 3470 0470
Richard Morrison / Charlie Bouverat (Corporate
Finance)
Novum Securities Limited (Joint Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0)207 129
1474
Tim Thompson/Andrea Seymour/Fergus Mellon
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.
References
(1) https://www.alliedmarketresearch.com/autonomous-vehicle-market
(2)
https://www.cnet.com/how-to/how-to-safely-order-food-delivery-takeout-and-groceries-during-coronavirus-quarantines/
(3)
https://techcrunch.com/2020/04/01/uber-eats-beefs-up-its-grocery-delivery-offer-as-covid-19-lockdowns-continue/
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contact rns@lseg.com or visit www.rns.com.
END
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