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5 April 2024
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 transforming university technologies into valuable
products that can improve people's lives, is pleased to announce
that Guident is incorporating its remote monitoring and control
(RMCC) technology into AuVe Tech OÜ ("Auve Tech") MiCa autonomous
shuttle.
Auve Tech, a pioneer in autonomous
transportation systems, based in Tallinn, Estonia, has officially
introduced its flagship product, the MiCa shuttle, in the US
market. The MiCa vehicle offers turnkey autonomous transportation
solutions tailored to diverse environments and simple integration
into existing transport networks. In an important and innovative
collaboration, Auve Tech has partnered with Guident to integrate
its RMCC teleoperation solution into the MiCa autonomous shuttle,
amplifying its safety features and augmenting Auve Tech's advanced
autonomous technology.
Guident is excited to announce that
the MiCa autonomous shuttle has arrived at their headquarters and
integration with Guident's RMCC solution has commenced. As a
premier Autonomous Vehicle teleoperation monitoring company,
Guident is proud to collaborate with Auve Tech to integrate its
industry-leading AV remote monitoring, control and passenger
support services with the MiCa, the world's most compact and
flexible level 4 autonomous shuttle.
The culmination of those efforts
will be showcased at the Guident Headquarters Inauguration event on
18 April 2024, in Boca Raton, Florida. This event will unveil the
fully integrated solution, demonstrating the seamless fusion of
Guident's RMCC solution with the MiCa autonomous
shuttle.
Auvetech
MiCa level 4 autonomous shuttle
Photo
courtesy of AuVe Tech OÜ
Johannes Mossov, Board Member at AuVe Tech OÜ,
said:
"With MiCa now officially
'landed' in the US for market entry, we are glad to join forces
with Guident. Together, we are committed to enhancing the safety
and efficiency of our MiCa AV shuttles with their advanced remote
monitoring and control software. Based on the success in Japan and
Europe, we eagerly anticipate rapid deployment of our innovative
combined solution in the US and worldwide."
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 are particularly excited to
achieve a significant milestone with Auve Tech's entry into the US
market coupled with the integration of our advanced teleoperation
technology."
About Auve Tech
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, its UK subsidiary.
For
further information, please contact:
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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'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 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.