TIDMTEK
Tekcapital plc
16 June 2020
16 June 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 pleased to announce that
Guident Ltd. has appointed several Science Advisory Board Members
and has been awarded an additional U.S. patent.
Guident is pleased to announce the appointment of Professor
Naphtali Rishe, Professor Hayder Radha and Dr. Marielle S. Gross to
its Science Advisory Board.
Professor Rishe is the Founder and Director of the High
Performance Database Research Center at Florida International
University (FIU) and head of the NSF International
FIU-FAU-Dubna-Greenwich Industry-University Cooperative Research
Center for Advanced Knowledge Enablement. Rishe is an Eminent Chair
Professor in Computer Science and has authored many books on
database management, location-based data, health informatics, and
high performance computing. He was awarded over US$55 million in
research grants by Government and Industry, including NSF, NASA,
IBM, DoI, DHS, USGS.
Hayder Radha is a Professor of Electrical and Computer
Engineering (ECE) at Michigan State University, the Associate Chair
for Research of the ECE Department, and the Director of the
Wireless and Video Communications Laboratory. Professor Radha was
with Philips Research, where he worked as a Principal Member of
Research Staff and then as a Consulting Scientist in the Video
Communications Research Department. He previously served as a
Member of Technical Staff at Bell Laboratories where he worked in
the areas of digital communications, image processing, and
broadband multimedia.
Marielle S. Gross, MD, MBE is a Hecht-Levi Fellow at the Johns
Hopkins Berman Institute of Bioethics where she will become an
affiliate faculty member as she assumes an assistant professorship
at the University of Pittsburgh Departments of Obstetrics,
Gynecology & Reproductive Sciences and Bioethics & Health
Law next month. She has published numerous chapters and scientific
papers on ethical imperatives related to implementation of emerging
technologies such as blockchain and federated learning,
particularly in the healthcare and public health spaces. She has
been a member of the Johns Hopkins Distinguished Teaching Society
since 2017.
Additionally, Guident has announced the forthcoming issuance of
patent # 10,699,580 from the United States Patent and Trademark
Office entitled "Methods and Systems for Emergency Handoff of an
Autonomous Vehicle." This patent teaches new methods to improve the
safety of autonomous vehicles and land-based delivery drones.
The Market
According to Allied Market Research, "the autonomous vehicle
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 add Dr's Rishe, Radha & Gross to our
Science Advisory Board. Their combined experience and knowledge in
artificial intelligence software for autonomous vehicles and
bioethics will provide valuable insight as we expand the
development of our remote monitoring and control center for AV's
and land-based delivery drones," said Harald Braun, Guident's
Chairman and CEO
Tekcapital owns 100% of the share capital of Guident Ltd.
About Guident, Ltd.
Guident commercializes new IP & technology to enhance the
utility, safety, and enjoyment of autonomous vehicles and delivery
drones. Using its proprietary IP, Guident is developing artificial
intelligent Apps that allow users of AV's to dispatch, monitor and
control their vehicles remotely when necessary. 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
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)
Abigail Wayne (Corporate Broking)
Flagstaff Strategic and Investor Communications +44 (0) 20 7129 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/
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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