Tekcapital Plc ("Tekcapital", the "Company" or the "Group") Portfolio Company Update: Guident Ltd ("Guident")
LONDON, UNITED KINGDOM, May 04, 2021 (GLOBE NEWSWIRE) -- Tekcapital Plc (AIM: TEK), (OTCQB: TEKCF), the UK intellectual property investment group focused on creating valuable products from investing in university technologies that can improve quality of life, is pleased to announce that portfolio company Guident has demonstrated its low-latency, vehicle control software to power its Remote Monitoring and Control Center.
Guident Ltd, the developer of software for improving the safety of autonomous vehicles (AVs) and delivery robots, announces the successful demonstration of its remote-control technology. This will be used in its first remote monitoring and control center (RMCC) for AVs, to be launched later this year in Boca Raton, Florida. The RMCC will be able to monitor multiple vehicles from a remote, secure monitoring centre, akin to air traffic control.
Also known as teleoperations, the remote-control robotics software leverages a secure, low-latency connection. The RMCC’s goal is to rapidly track the location, monitor the surroundings and when necessary, take over control of AVs in the event of an accident or mishap. Guident believes this center will provide last mile delivery fleet operators with an additional level of safety, whilst complying with Florida law, which requires a remote monitoring and control centre for AV’s that do not have drivers or safety operators within the vehicles.
The company has unveiled its new capabilities via a video demonstration. Guident’s RMCC is covered by six U.S. patents several with foreign counterparts and proprietary software designed to enhance the safety of autonomous deliveries.
According to Triton Market Research “the last mile AV delivery market autonomous vehicle market is expected to reach $41.7 billion by 2028 with a CAGR of 19%. Contactless or “touh-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 food and medicines to improve their availability and reduce the costs of these deliveries.
“We are incredibly pleased to announce the successful introduction of our secure software platform designed to power our RMCC. This system is device-agnostic, works with any 5G public mobile or private LTE network and has reduced signal latency when compared with traditional telemetric video monitoring and control systems,” says Harald Braun, Chairman & CEO of Guident Ltd.
“Its exciting to see the significant and rapid progress of Guident,” said Dr Clifford M. Gross, Executive Chairman of Tekcapital.
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
Tekcapital owns 100% of the share capital of Guident Ltd.
?Guident Ltd's RMCC in Boca Raton, FL
?Forward Looking Statements
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