Portfolio Company Update Guident Q1 2024

Tekcapital plc

02 May 2024

 

2 May 2024

Tekcapital Plc

("Tekcapital", the "Company" or the "Group")

Portfolio Company Q1 2024 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 provide an overview of Guident Ltd's ("Guident") significant achievements in urban mobility innovation over the past quarter and key events for Q2 2024.

Highlights:

·    New Strategic Partnership with Star Robotics

·    Expansion of Strategic Partnership with Auve Tech

·    Guident Headquarters Inauguration Event

·    Guident will host the Third Annual Autonomous Vehicle Day 2024 Conference 31st May and attend CoMotion Miami 6th-7th May

Q1 2024 Highlights

Guident Headquarters Inauguration Event

Guident unveiled its new headquarters at an inauguration event held at the Boca Raton Innovation Campus (BRIC) 18^th April 2024. The event was attended by city officials, industry leaders, and residents to showcase and celebrate the latest innovations in autonomous vehicles and devices and the future of urban mobility.

Image courtesy of Guident ltd.

The occasion showcased the broad commercial applications of Guident's Remote Monitoring and Control Center ('RMCC') solution, demonstrating integration with Auve Tech's MiCa autonomous shuttle and Star Robotics' surveillance robot.

The new Guident headquarters features best-in-class video wall displays and a state-of-the-art visualisation system. Guident's new RMCC is the first commercial facility of its type in North America, and it will oversee an autonomous shuttle service along a 2.1-mile fixed route within BRIC.

"I was thrilled by the strong turnout of our esteemed partners and valued customers at Guident's new headquarters inauguration. Our event theme, 'To the Future,' perfectly encapsulates Guident's vision and commitment to pioneering advancements," said Harald Braun, Executive Chairman and CEO of Guident.

"With MiCa's debut, the world's most compact level 4 autonomous shuttle, and our seamless integration with Star Robotics' state-of-the-art surveillance robot, we've reached a pivotal moment in our mission for safer autonomous vehicles and robotics."

New Strategic Partnership with Star Robotics' Autonomous Surveillance Robot

The new Strategic Partnership announced on 9^th April 2024 will aim to integrate Guident's teleoperation solution into Star Robotics' products and provide an autonomous security surveillance solution with a human-in-the-loop capability.

Seamless integration of Guident's technology was completed after Guident received Star Robotics' "Watchbot" surveillance and industrial inspection robots at their Boca Raton facility. Guident believes there is a large addressable market for autonomous security surveillance solutions with numerous industrial applications. In conjunction with Star Robotics, Guident is formulating a go-to-market strategy to promote the solution across North America.

Image courtesy of Guident ltd.

Expansion of Strategic Partnership with Auve Tech

Guident announced 5^th April 2024 the expansion of its Strategic Partnership with Auve Tech to launch the MiCa autonomous shuttle, the world's most compact and flexible level 4 autonomous shuttle, into the US market. The MiCa vehicle offers turnkey autonomous transportation solutions tailored to diverse environments and simple integration into existing transport networks.

Image courtesy of Guident ltd.

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 to meet the safety standards required of autonomous vehicles in the US. Guident has commenced work to integrate its RMCC solution with MiCa shuttles and looks forward to issuing updates at important milestones.

Key Events for Q2 2024

CoMotion Miami 6th-7th May 2024

Guident will attend CoMotion Miami, a leading urban mobility event showcasing the latest innovation in mobility. At the event, which is frequented by global mayors, innovative policymakers, public transportation agencies, technology founders, disruptors, and VC investors, Guident will meet with potential new customers and investors. Organisations present at this year's event include the Ford Motor Company Fund, the US Department of Transportation, the Miami Parking Authority, and the Build America Bureau.

Third Annual Autonomous Vehicle Day 2024 Conference 31^st May

The Third Annual Autonomous Vehicle Day 2024 Conference will be held on 31 May at the JTA Armsdale Test & Learn Facility in Jacksonville, Florida. This year's theme is "Innovating Mobility, Building A Driverless Future," covering topics including "Building The Autonomous Infrastructure." Guident's CEO, Harald Braun, will headline the event and be joined by keynote speakers representing the Jacksonville Transportation Authority, Adastec, Auve Tech, Novelsat, Houston METRO, and the University of Oxford.

Tekcapital looks forward to announcing further Guident developments in the coming period as the company progresses Strategic Partnerships and secures new commercial opportunities.

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:

Tekcapital Plc		Via Flagstaff
Clifford M. Gross, Ph.D.
SP Angel Corporate Finance LLP Nominated Adviser and Broker		[phone]
Richard Morrison/Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking)
Flagstaff Strategic and Investor Communications		[phone]

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.

 

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