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information contained within this announcement is deemed by the
Company (Companies House registration number 08873361) to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014 ("MAR"). With the publication of this
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inside information is now considered to be in the public
domain.
15 Feb 2024
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Portfolio
Company Update
Guident
Expands its Strategic Partnership with AuVe Tech
OÜ
Tekcapital Plc (AIM: TEK,
the UK intellectual property investment group focused on transforming
university technologies into valuable products that can improve
people's lives, is pleased to share an
update on Guident Ltd's ("Guident") strategic partnership with AuVe
Tech OÜ ("Auve Tech").
Elevating the Capabilities of the
MiCa AV Shuttle
Guident Ltd, a Tekcapital portfolio
company, and a leading Autonomous Vehicle
(AV) teleoperation monitoring company announced today that it will
integrate its industry-leading AV remote
monitoring, control, assistance, and passenger support services
with the world's most compact and flexible level 4 autonomous
shuttle, MiCa from Auve Tech.
Auve Tech is an Estonia-based
company that specializes in the development and manufacturing of
autonomous transportation systems. Auve
Tech's MiCa vehicle provides turnkey, autonomous transportation
with integration for diverse environments coupled with fleet
management software. By working together, the groundbreaking MiCa
shuttle will now incorporate Guident's teleoperation solution,
further enhancing its safety and Auve Tech's leading, self-driving
technology. For each vehicle outfitted with Guident's technology
there will be a hardware fee and a recurring license
fee.
Harald Braun,
Executive Chairman and CEO at Guident Ltd,
stated:
"Since establishing our
strategic partnership, we have been thrilled to collaborate with
the Auve Tech team on several projects. We believe that the
combination of our advanced teleoperation technology with the
innovative MiCa autonomous shuttle represents a significant leap
forward in advancing safety, reliability,
and autonomous driving capabilities across diverse weather and
traffic conditions."
Johannes Mossov, Board Member at Auve Tech
stated:
"We are excited to be working
together with Guident, to support the safety and efficiency of our
MiCa AV shuttles with their remote monitoring and control software
and look forward to rapidly manufacturing and deploying them
worldwide."
About AuVe Tech OÜ
Auve Tech specializes in the
development and manufacturing of autonomous transportation systems.
We offer a full-scope service that entails autonomous vehicles,
their integration to various environments and fleet
management. To learn more, please
visit https://auve.tech/.
About Guident
Guident commercializes patented
technology to enable safer autonomous vehicles and devices by
providing industry-leading AV remote monitoring, control,
assistance, and passenger support services. To learn more, please
visit www.guident.com.
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.
LEI: 213800GOJTOV19FIFZ85
Tekcapital owns 100% of the share capital of Guident
Ltd. Guident Ltd. owns approximately 91% of Guident Corp., its US
subsidiary and 100% of ReVive Energy Solutions, ltd.
For further
information, please contact:
Tekcapital Plc
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Via Flagstaff
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Clifford M. Gross,
Ph.D.
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SP
Angel Corporate Finance LLP
Nominated Adviser and Broker
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+44
(0) 20 3470 0470
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Richard Morrison/Charlie Bouverat
(Corporate Finance)
Abigail Wayne / Rob Rees (Corporate
Broking)
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Flagstaff Strategic and Investor
Communications
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+44
(0) 20 7129 1474
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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.