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#TEK TekCapital Plc – Guident Update
Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people’s lives, is pleased to provide a progress report on Guident Ltd. (“Guident”).
Guident is developing remote monitoring and control software to improve safety of autonomous vehicles and land-based delivery devices. Guident’s software will incorporate artificial intelligence and advanced network technologies to minimize signal latency and help improve the safety of autonomous vehicles.
Since the start of 2023, Guident has enjoyed greater commercial traction and its sales pipeline grow as a result of meetings with new strategic partners and prospective customers. A strategic workshop also took place where Guident agreed on the R&D roadmap for 2023, including a newly defined order process and product names for the Remote Monitoring and Control Center solution (RMCC) and the Regenerative Shock Absorber (RSA) and its components.
Guident will shortly deploy its RMCC service for the Jacksonville Transportation Authority (JTA) and expects the first Purchase Order from the contract shortly. Management visited JTA in February 2023 which resulted in defined actions for the deployment of Guident’s proprietary teleoperation solution by May 2023.
As announced on 17 Februry 2023, Guident signed a letter of intent with Auve Tech a developer and manufacturer of autonomous transportation systems . Guident’s management team also visited Auve Tech with a view to deploying turn-key solutions consisting of Guident’s teleoperation software being included with Auve Tech’s level-4 Autonomous vehicles to potential customers in the US, Europe, and Asia.
Meeting Auve Tech Leadership Team in Estonia 2023
Auve Tech Autonomous Level-4 Shuttle
The Company is also finalizing its contract with the Boca Raton Innovation Campus (BRiC) to provide AV shuttle services, together with its partners. Guident’s will update the market on the successful execution of this project in due course.
BRIC Campus and Proposed Autonomous Shuttle Route Map
Lastly, Guident has partnered with Novelsat to provide space connectivity for AVs under the Space Florida project. Space Florida was created to strengthen Florida’s position as a global leader in aerospace research, investment, exploration, and commerce by leveraging NASA’s research ecosystem. We believe that such connectivity would further enhance Guident’s competitive advantage by adding an always available, low earth orbit monitoring solution, for its remote monitoring and control centres.
LEO Satellites to be Used by Guident for System Redundancy
According to Triton Market Research “ the last mile AV autonomous vehicle delivery market is expected to reach $41.7 billion by 2028 with a CAGR of 19%. Contactless or “touch-free” delivery is in high-demand since the COVID 19 pandemic and Guident believes this increased demand will accelerate the roll-out of land-based delivery drones for pedestrians, food and medicines to improve their availability and reduce the costs of these deliveries.
Guident commercializes new technology to enhance the safety, efficiency and utility of autonomous vehicles and ground-based drones using its proprietary IP & software apps for remote monitoring and control. To learn more please visit www.guident.co
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 .
Tekcapital owns 100% of the share capital of Guident Ltd. Guident Ltd owns approximately 91% of Guident Corp., its US subsidiary.
For further information, please contact:
V ia Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP
(Nominated Adviser and Broker)
+44 (0) 20 3470 0470
Richard Morrison/Charlie Bouverat (Corporate Finance)
Abigail Wayne / Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications
+44 (0) 20 7129 1474
Tim Thompson/Andrea Seymour/Fergus Mellon
BBC News – Mirriad’s AI slips ads into empty spaces in online videos
Software company Mirriad has developed a way for adverts to be “inserted” into films and television shows streamed online.
It uses artificial intelligence techniques to recognise objects in a scene and spot slots where branded goods and posters can be added without looking out of place.
The aim is to ultimately tailor the product placements to individual viewers’ interests.
The London-based ad tech firm will show off its software at the CES tech expo in Las Vegas next week, as BBC Click’s Lara Lewington reports.
Find out what else will be on show at CES 2020
Fedr8 – Crowdcube launch Green Rain crowdfunding campaign
Cloud software company Fedr8 has launched a crowdfunding campaign to accelerate the roll-out of its award-winning Green Rain product.
Fedr8’s Green Rain seamlessly migrates multi-vintage legacy applications to the cloud with its proprietary artificial intelligence engine. It interrogates software at a code level allowing the code in the software to be changed to suit the major cloud companies’ cloud platforms. Instead of taking several man-weeks of effort, the time required for the analysis is reduced to a few machine-hours.
Almost without exception, major international companies and institutions wish to move to the cloud in order to capitalise on the efficiencies and economies that the cloud brings. Equally, every organisation faces a unique set of challenges to make their legacy applications cloud ready.
Fedr8’s Green Rain has already been accepted by several large banks to drive Proofs of Concept, a major endorsement. This early success triggered the £400k Crowdcube Crowdfunding campaign launch, with the funds raised earmarked to accelerate the product roll-out.
“This is a world-changing piece of Great British machine learning software”, explained CEO Damion Greef. “The legacy issues of outdated infrastructures are well documented…and in many cases have impacted on our day to day lives.”
“Early endorsements of Green Rain by major banking institutions have provided ample proof that our solution is already saving money and man hours, hence our decision to launch a fundraising campaign across Crowdcube to accelerate the roll-out of Green Rain.”
Link here to view the Fedr8 Crowdfunding page
Damion Greef, CEO
Richard Beckensall, UK sales Director
Tel. 07555 323321