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#TEK Tekcapital Plc – Guident Update

Tekcapital Plc (AIM: TEK, OTCQB: TEKCF), the UK intellectual property investment group is pleased to present the technology update for Guident Corp, the US based subsidiary of Guident Ltd.

As part of our enhanced investor relations communications, we intend to release a series of newsletters focused on the technology of each portfolio company. We believe most shareholders understand the value proposition behind the product of each portfolio company, however the product roadmap has been progressing rapidly and we think it’s helpful to Keep everyone up to date on key developments.

Our initial discussion will cover Guident’s unique technology offerings:

1.    Vehicle Remote Monitoring and Control Centre (RMCC)

Guident’s teleoperations solutions consist of two main components. A small footprint communications device and the RMCC (remote monitoring and control centre) software solution.  

The communications device connects to several miniature high-definition video cameras and includes connectivity to both public (4G & 5G) wireless and private Long Term Evolution (LTE) networks.

The RMCC consists of a cloud-based software solution connected to the Autonomous Vehicle (AV) fleets and to Guident’s RMCC. Guident’s solution is AV agnostic and can interact with any vehicle’s drive-by-wire system via ROS (robot operating system) or Application Programming Interface (API) integration.

The remote-control centre consists of multiple RCO (remote-control operator) stations equipped with vehicle controls including steering wheel, accelerator, and stop pedals as well as high-definition curved monitor displays. Large dashboard video wall-type displays provide real-time status of the AV fleets being controlled. RCOs continuously monitor their assigned AV fleet which is displayed with green labels, except when the AV encounters an edge case, at which point it stops and requests human assistance while changing its label from green to red. At that point, the RCO through the HD video cameras gains situational awareness to inspect the specific edge case. The RCO then takes control of the vehicle and remotely drives it around the obstruction or situation, and then returns control to the AV system to continue its mission path, at this point the vehicle is displayed with a green label.

Besides the green and red IRL (incident risk levels), Guident provides a yellow label through its patented Artificial Intelligence-based IRL predictive module. This module interacts with multiple data sources to analyze and predict the situations that may possibly disrupt the AV mission path. Data sources include vehicle sensor data, AV performance analysis, scene understanding, real-time traffic, work zone, weather, and other information. The assigned RCO is able to focus on the yellow IRL-level vehicles to attempt to anticipate the situation that may interrupt the mission path and turn the AV IRL to green status.

 

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Current autonomy trends and concerns, and why this technology is needed.

The current state of technology in the automotive industry is experiencing a shift to driverless vehicles. For this reason, automated supervision or safety driver roles will be critical for decades to come for all levels of automation before reaching full autonomy SAE level 5.

We believe human supervised RMCC services enhances the safety and provides redundancy whilst implementing remote driverless solutions for various field use cases, including military applications.

Infrastructure requirements for implementation (e.g., hardware, software, facilities and network connections

There are three (3) components required for human supervised RMCC services for driverless or autonomous vehicles:

1.   RMCC – Remote Monitor and Control Centre

·       Remote-control operator stations include vehicle controls (steering wheel, pedals, other vehicle functions, etc.)

·       Control centre monitoring display dashboards.

 

2.   In-vehicle equipment

·         For vehicle location, a GPS device in autonomous vehicles, with RTK capabilities for precise location.

·         For remote teleoperation:

GUIDENT RMCC communication in-vehicle equipment.

Public/Private/Military mobile 5G/4G/LTE wireless network.

 

3.   Cloud service – private or private software telecom services, including AWS, Azure, Google, etc.

Benefits

The main benefits of human-supervised remote monitoring and control of driverless and autonomous vehicles include providing an additional layer of safety via remote operations to address edge cases and protection of humans from dangerous or unforeseen activities including but not limited to:

·    deadlock situations

·    navigation errors

·    accidents

·    allowing vehicle passengers to ask for information or assistance.

Based on ongoing conversations with potential customers, the company identified more potential applications including:

·    remote operation of material handling (teleoperation services of remote forklifts and other material handling equipment for warehouses)

·    remote operation of agricultural equipment

·    remote operation of mining equipment

·    remote operation of unmanned vehicles for military

The solution also creates cost savings achieved by proactive and predictive vehicle maintenance and support.

Guident is uniquely positioned to provide its teleoperation software stack protected by an intellectual property portfolio that includes seven (7) teleoperation-specific patents (5 granted & 2 pending) and copywritten software code for what we believe to be amongst the lowest glass-to-glass latency in the industry. In addition, we believe that Guident is the leading US-based teleoperation software solution providers that delivers a unique approach to teleoperations with its proprietary custom prediction module based on vehicle telemetry and field conditions data.

The business case for Guident has never been stronger and it includes following data points:

–     low latency connectivity and teleoperation is necessary for safer and cost-effective adoption of AVs. Guident’s methods and systems will help increase safety and help bridge the gap from Level 3 to Level 5 autonomy.

–     RMCC is fast becoming a legal requirement in numerous states in the US and other countries

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See demonstration here: https://www.youtube.com/watch?v=ZRTgMRvv6wQ

2.   Regenerative Shock Absorbers (RSA)

RSA continuously recover the vehicle’s vibration energy that is otherwise dissipated as heat and friction. RSA’s convert the wasted heat energy into power, generating additional energy for recharging the vehicle battery to extend the vehicle’s range, or to provide energy to power other vehicle components. Anticipated benefits include:

 

–     Enhanced Sustainability for all vehicles in the fleet, including traditionally powered Internal Combustion Engine, hybrid and electric vehicles

–     Increased Energy Harvesting Efficiency by approximately 70% compared to current energy-harvesting shock absorbers

–     Increase range of EVs by up to 6-12 miles per charge

–     It can be tuned to match existing shock absorber damping characteristics and form factors

 

 

Recently the company evaluated a series of real-world RSA use conditions in their testing laboratory in Boca Raton, Florida. With precise force and displacement measurements, they are seeking to rigorously evaluate and quantify the advantages of their proprietary energy-harvesting shock absorbers over traditional oil-filled shock absorbers.

 

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Watch more here: https://www.youtube.com/watch?v=oc21clEuJbM

 

 

 

 

For further information, please contact:

 

Tekcapital Plc 

Via 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

 

 

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

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 Innovative Eyewear, Inc., Lucyd 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 Tekcapital or Lucyd’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 materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

#TM1 Technology Minerals – Update on Cameroon Licences/OEL SPA

Further to the announcement on 23 February 2022, Technology Minerals Plc (LSE: TM1), the first UK company focused on creating a sustainable circular economy for battery metals, announces the following update in respect of the OEL Share Purchase Agreement (“OEL SPA”) as referred to in the Company’s Prospectus.

By way of background, at Admission on 17 November 2021, Technology Minerals acquired all the issued shares of Onshore Energy Limited (“OEL”) from its shareholders (“OEL Vendors”). OEL’s wholly-owned subsidiary, Technology Minerals Cameroon Limited (“TMC”), applied for five exploration permits in Cameroon. As these were not granted prior to Admission, the purchase price and accordingly the issue of New Ordinary Shares to OEL Vendors were reduced by 20% until such time as all five permits are granted, provided that the date of grant was no later than 31 December 2021. Accordingly, the Directors reserved 84,000,000 ordinary shares in the Company to issue to the OEL Vendors providing the permits were granted no later than 31 December 2021. 

 

As announced on 23 February 2022, the Company received copies of all permits concerned and instructed independent Cameroon legal counsel to verify the validity of the permits. Legal counsel has now concluded it was not possible for the five permits to be legally granted to TMC under Cameroonian law and therefore the permits are not valid.  As a result of that advice, the Company will not be issuing the 84,000,000 ordinary shares to the OEL Vendors. The Company is now taking steps so that the permits will be valid under Cameroon law.

 

The Directors of the Company accept responsibility for this announcement.

 

For further information please contact:

 

Technology Minerals Limited

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

Lithium, Electric Vehicles and Cadence Minerals with Kiran Morzaria on the UK Investor Magazine Podcast

Lithium, Electric Vehicles and Cadence Minerals with Kiran Morzaira

The UK Investor Magazine was thrilled to welcome, Cadence Minerals CEO, Kiran Morzaria, to the podcast for a deep dive into Lithium, Electric Vehicles and Cadence Minerals.

We drill down into the Lithium market and where Cadence Minerals sits on the global stage.

Kiran provides deep insight into the global lithium market as we explore the upcoming supply deficit set to take hold from 2025. With prices Lithium soaring, we look at the longer term projections and the dynamics of Lithium spot prices.

We analyse the current requirements of Electric Vehicle market and how companies like Cadence are working to meet these needs.

Cadence has two Lithium projects Kiran presents in detail.

We finish by touching on Cadence’s flagship Amapa Iron ore project and what investors can look forward to after Kiran’s recent trip to Brazil.

Find out more about Cadence Minerals on their website and presentation at the UK Investor Magazine Metals and Mining Conference.

#TM1 Technology Minerals – Recyclus appoints Group Managing Director

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 49% owned battery recycling business, Recyclus Group Ltd (“Recyclus”), has appointed Matthew Taylor as Group Managing Director.

 

Matthew has over 40 years’ experience working in senior management roles, across a number of key industrial and manufacturing sectors in the UK, including avionics, automotive, consumer and professional power tools, power generation engineering, marine and aero engineering. He was formally General Manager at a leading UK-based specialist aerospace metals group to the international aerospace sector, where under his leadership, revenues underwent an increase of 40 per cent and gross margins were improved by 100 per cent.

 

He was principal consultant at Smith Kenyon Ltd, a leading business transformation specialist, for 18 years working successfully on transformation projects with leading industrial companies in the UK and internationally. Projects included operations and supply chain management, strategic evaluations, specialist procurement evaluations and strategies, business development and design and implementation of manufacturing operations.

 

Former roles also include a main board member at Cummins Power Generation with the brief to transform supply chain, operations and global purchasing, with plants in UK, China, India, Mexico, Singapore, USA, Germany and Romania. With global sales and distribution, Cummins Power Generation is a global manufacturer, distributor and brand leader in the international power generation engineering sector with a $2bn turnover and a division of Cummins Inc. with $6bn annualised turnover.

 

Matthew holds a BSc Management, Engineering, Production and Economics, MBA and is a PRINCE2 practitioner and 6 Sigma trained.

 

Matthew Taylor, Group Managing Director of Recyclus, said : “It’s great to formally join the team at Recyclus at such a formative stage in the company’s evolution and particularly as we enter the first growth stage of the business. The team are well versed in how the proprietary technology at play here can form such an important role in the UK battery ecosystem as we take on the lead role in the industrial scale-up in lithium-ion battery recycling. I look forward to joining the team and driving the development of solutions for battery testing and take-back recycling, with a clear focus on surpassing our customer’s needs and requirements.”

 

Robin Brundle, Chairman of Technology Minerals and Director of Recyclus, said : “Matthew is well-practised in building transformational businesses in key industrial sectors and his appointment comes at a very appropriate stage for Recyclus Group. He comes to us with a very strong track record in successfully achieving his commercial goals, and his sector experience mirrors that of the main industrial sectors for Recyclus.”

 

 

Enquiries

 

Technology Minerals Plc

Robin Brundle, Executive Chairman

Alexander Stanbury, Chief Executive Officer

+44 20 7618 9100

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

 

#TM1 Technology Minerals – Exploration Update on the Asturmet Project

Exploration Update on the Asturmet Cu-Co-Ni Project, Asturias, NW Spain

 

Deposit characterisation sampling confirms high grade mineralisation at the underground Aramo Mine 

 

Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce initial results from a due diligence lithogeochemical characterisation sampling survey at its 100% owned Aramo Copper-Cobalt-Nickel (“Cu-Co-Ni”) Project in Asturias, NW Spain. 

 

Highlights

 

· Due diligence sampling collected in November 2021 has confirmed high grade Cu-Co-Ni mineralisation at the historic Aramo mine on the St Patrick Licence

· A total of 79 samples were collected on the licence during the campaign, including 53 samples underground at the Aramo Mine on Level 3 in four historical partially stoped areas

· Field programmes are ongoing at the project with a more expansive exploration campaign planned for the St. Patrick Licence in the coming months

 

A selection of best results include:

 

Table 1: List of selected results from the characterisation sampling programme

 

SAMPLE ID

LOCATION

LEVEL

WORKING

SAMPLE_TYPE

Co_OG62  %

Cu_OG62  %

Ni_OG62  %

AES49848

Aramo Mine

Level 3

Stope B

Stope Scree

0.50

0.35

0.14

AES49852

Aramo Mine

Level 3

Stope B

Stope Scree

0.18

20.60

0.83

AES49853

Aramo Mine

Level 3

Stope B

Stope Scree

0.25

5.31

0.51

AES49855

Aramo Mine

Level 3

Stope B

Stope Scree

0.42

2.07

0.10

AES49858

Aramo Mine

Level 3

Stope B

Stope Scree

0.39

28.30

1.68

AES49860

Aramo Mine

Level 3

Stope B

Stope Scree

0.50

0.63

0.08

AES43409

Aramo Mine

Level 3

Stope B

Stope Scree

0.45

17.00

1.01

AES49896

Aramo Mine

Level 3

Stope B

Stope Scree

0.49

16.55

0.40

AES43401

Aramo Mine

Level 3

Stope C

O\C – Wall rock

1.88

13.25

1.10

AES49866

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.39

1.58

0.10

AES49869

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.50

4.27

0.14

AES49871

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.39

10.05

0.55

AES49875

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.35

5.11

0.29

AES43411

Aramo Mine

Level 3.5 

Stope A

Stope Scree

0.20

5.01

0.42

AES49838

Aramo Mine

Level 3

Loc-3

Float

0.16

>50

0.80

 

Asturmet Project

 

The Company holds 100% of the Aramo Project through its 100% wholly-owned subsidiary, LRH Resources Limited (“LRHR”), and LRHR’s 100% wholly-owned subsidiary Asturmet Recursós S.L. (“Asturmet”).

 

The Asturmet Project consists of seven exploration permits or P.I. (Permiso del Investigación): St. Patrick (P.I. 30858), St. Andrew (P.I. 30869), St. David (P.I. 30870), Astur A (P.I. 30864), Astur B (P.I. 30865), Astur C (P.I. 30866) and Astur D (P.I. 30868). The licences cover a total area of approximately 461 km2. The St Patrick licence (which covers the historic Aramo Mine), was issued to Asturmet in June 2018. The remaining licences are due to be issued imminently by the Spanish Ministry.

 

Local Geology

 

The Cu-Co-Ni Project is classed as an epithermal carbonate hosted deposit and lies within the western closure of the Cantabrian Orocline Fold and Thrust Belt.   The Aramo Mine is located within what is termed the Aramo “Caliza de Montana” stratigraphic unit comprising of organic rich limestones. Mineralisation is broadly confined to wide alteration zones with more localised east – west orientated high grade veins and stockwork mineralisation. The alteration zones, which are themselves pervasively mineralised, are interpreted to form extensive “pipe-like” bodies with significant vertical development at major fault intersection planes. These zones develop laterally outwards along individual faults creating the so called “Filon” zones. Lower angled stratigraphic bedding within the host limestones within the pipelike zones appear to create flatter zones or lenses of alteration and mineralisation with a 30-40 degree orientation dipping westwards.

 

The Aramo Mine

 

The Aramo mine was most recently in production from 1948 and ceased production in 1953. It has remained dormant for the last 69 years. The mine closed during a period of weak copper prices and a declining Dow Jones index for commodities. The mine has several mineralised zones with extensive alteration and associated Cu-Co-Ni mineralisation at a number of levels over a known vertical extent of 530-m whilst westwards, there lies a further 200-m of vertical prospective stratigraphy above the mine and to the west below the plateau.

 

Aims of the Sampling

 

The study involved accessing historical mine workings associated with the Aramo Mine at the accessible upper levels, in particular at the Level 3 elevation (1177m O.D.) to complete a mineral and alteration characterisation study, the full results of the sampling are presented in Table 2. The primary zone sampled comprised the St. Pedro Filon, a 30-40m wide (partially mined) alteration zone which dips westwards at 35-40 degrees. Three stopes within this zone were accessed and a selection of both wall rock and blasted stope piles were sampled.

 

The characterisation study aimed to collect a broad range of mineralisation and alteration types to better understand the paragenetic model for the deposit and to identify structural controls on the mineralisation. The majority of samples were collected from blasted stope material within the stopes with a selection of wall rock samples in the hanging wall and the footwall of the stoped areas where it was possible.

 

Results

 

A total of 79 samples were collected during the campaign and included 53 samples collected at the Aramo Mine on Level 3 in four different stoped areas (as reported here). A further 17 prospecting samples were also collected at locations on the plateau above the mine. These form part of a broader in-progress programme of ongoing sampling in association with characterisation of both rocks and soils for an ongoing hyperspectral remote sensing study. These results will be compiled and assimilated and reported in due course, along with the results of the Remote Sensing Study. A further seven samples comprised QAQC samples which were submitted along with the geochemical samples.

 

All samples followed a strict sampling and chain of custody process and were analysed by ALS Laboratories in Loughrea, County Galway, Ireland. Samples were analysed by four-acid ICP-AES analysis.

 

Further work

 

Field programmes are ongoing at the project with a full and more expansive exploration programme planned for the St. Patrick Licence in the coming months, which includes geological mapping and sampling, remote sensing analysis and geophysics.

 

 

Alex Stanbury, Chief Executive Officer of Technology Minerals, said: “We are pleased the initial results from our sampling survey at the historic Aramo mine within the St Patrick licence has confirmed high grade Copper-Cobalt-Nickel mineralisation.  In the coming months we plan to expand our exploration campaign which will help us continue to gain a better understanding the full potential of the project.  The Asturmet Project forms part of our wider strategy to move forward and advance multiple exploration campaigns across our portfolio of mineral resource projects focused on cobalt, copper, nickel, manganese, and lithium.”

 

Competent Person

 

All scientific and technical information in this announcement has been prepared under the supervision of EuroGeol Vaughan Williams M.Sc. P.Geo (a Principal of Aurum Exploration Services who currently provides exploration services to LRHR), and a “qualified person” within the meaning of National Instrument 43-101.Vaughan Williams is also company secretary of LRHR and a Director of LRHR’s  Spanish subsidiary Asturmet.

 

The Directors of the Company accept responsibility for this announcement.

 

 

For further information please visit www.technologyminerals.co.uk , @TechnologyMinerals on Twitter, or contact:

 

Technology Minerals Plc

Alex Stanbury, Chief Executive Officer

Lester Kemp, Chief Operating Officer

Wilson Robb, Chief Technical Officer

+44 20 7618 9100

info@technologyminerals.co.uk

Arden Partners Plc

Ruari McGirr, George Morgan

+44 207 614 5900

Luther Pendragon

Harry Chathli, Alexis Gore, John Bick

+44 20 7618 9100

 

#TM1 Technology Minerals – Technology Minerals CEO Alex Stanbury talks on Proactive UK

 

Technology Minerals CEO Alex Stanbury talks to Katie Pilbeam on Proactive UK

Alex talks about next steps for Oacoma and Blackbird projects and exercising an option to acquire the Blackbird Creek Property in the US from DG Resource Management

#TM1 Technology Minerals lead-acid #battery recycling plant in Tipton, West Midlands

 

#TM1 Technology Minerals lead-acid #battery recycling plant in Tipton, West Midlands.

Tipton plant aims to increase lead-acid battery #recycling production capacity from an estimated 16,000 tonnes first full year of production, to circa 80,000 tonnes by 2027

Watch here

#TM1 Technology Minerals – Talking Batteries Part 4

Talking Batteries Part 4 featuring Mark Amor-Segan, Principal Engineer @WMG Energy Innovation Centre and Anwar Sattar, Lead Engineer, Battery Recycling @WMG Energy Innovation Centre, discussion the innovation in research and development @WMG in battery and battery recycling development, and working with the team @Recyclus on knowledge transfer in battery recycling technologies

 

Watch here

#TM1 Technology Minerals – Appointment of Senior Battery Engineer

Jonathan Regan, Senior Battery Engineer at Recyclus said: “The scale of the solution required to adequately serve the battery recycling industry is rapidly becoming clear, and I am pleased to be joining Recyclus at such a pivotal time for the industry.”

Technology Minerals CEO Robin Brundle commented on the appointment of Jonathan Regan: “We are delighted to welcome Jonathan to our growing team. His considerable experience and impressive track record further strengthens our customer value proposition.”

#TM1 Technology Minerals – ‘Talking Batteries’ Part 2

‘Talking Batteries’ Part 2 by Robin Brundle, Chairman, Technology Minerals plc and Director, Recyclus Group + WMG’s Anwar Sattar, Lead Engineer in Battery Recycling, discussing the 5 key Lithium-ion battery chemistries and the Recyclus technology

Watch here 

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