Portfolio Company Update

RNS Number : 5737U

Tekcapital plc

01 April 2019

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

1 April 2019

Tekcapital Plc

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

Portfolio Company Update

Tekcapital Plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, is pleased to announce that its portfolio company Guident ltd has launched its commercial website.  

Harald Braun, Chairman at Guident said,

"We are pleased to announce the launch of Guident's website. Guident's mission is to enhance the safety, convenience and enjoyment of using autonomous vehicles (AV) by providing innovative mobile software applications with proprietary technology that addresses the convergence of AV, artificial intelligence and mobility."

Dr Clifford Gross, Chairman at Tekcapital commented: "We are delighted to see that Guident is on track with its development program.  We believe that autonomous vehicles will help democratize transportation and that a great deal of this value will be facilitated by control of AV's with smart phone or smart watch software apps."  According to Market Research Future1 the autonomous vehicle market is expected to reach US $65.3 billion by 2027¹."  

About Guident, Ltd.

Guident was established by Tekcapital to commercialise new technology to enhance the utility, safety and enjoyment of autonomous vehicles and drones. It has exclusively licensed patented technology from Florida Agricultural and Mechanical University. Using its proprietary IP, Guident is developing Apps that allow users of AV's to dispatch their vehicles to join ridesharing fleets, find available service and charging stations, report accidents, as well as park themselves. To learn more please visit www.guident.co.

For further information, please contact:

Tekcapital Plc	Via Yellow Jersey PR
Clifford M. Gross, Ph.D.
finnCap Ltd (Nominated Adviser and Joint Broker)	[phone]
Geoff Nash/ Max Bullen-Smith (Corporate Finance)
Camille Gochez (ECM)
Novum Securities Limited (Joint Broker)	[phone]
Colin Rowbury (Corporate Broking)
Yellow Jersey Limited	[phone]
Tim Thompson / Annabel Atkins	[e-mail]

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed intellectual properties and provides a range of IP investment services to make it easy for organisations to commercialise university-developed technology. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

Reference

¹https://www.marketwatch.com/press-release/autonomous-vehicles-market-size-industry-growth-share-opportunities-emerging-technologies-competitive-landscape-future-plans-and-global-trends-by-forecast-2023-2018-07-31

 

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