Tekcapital plc Guident Files Additional Patent
29 Abril 2019 - 3:02AM
RNS Non-Regulatory
TIDMTEK
Tekcapital plc
29 April 2019
29 April 2019
Tekcapital Plc
("Tekcapital", the "Company" or "the Group")
Portfolio Company Update: Guident Files Additional Patent
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 filed a new U.S. patent
application (No. 16/386,530).
Harald Braun, Chairman at Guident said,
"We are pleased to announce that Guident has filed a patent
application entitled: Methods and Systems for Emergency Handoff of
an Autonomous Vehicle. This patent application deals with the
operation and control of an autonomous vehicle in the event of an
accident. In a recent survey by PWC(1) , 43% of respondents
indicated that a key perceived disadvantage of AV's relates to
safety concerns. We believe our new patent will help address some
of these issues by defining forward-thinking, post-accident
protocols."
Dr Clifford Gross, Chairman at Tekcapital commented,
"We are delighted to see that Guident is expanding its
intellectual property to cover additional software features to
improve safety while using autonomous vehicles."
The Market
According to the World Health Organization, there are
approximately 1.25 million fatalities from traffic accidents each
year.(2) The National Highway Traffic Safety Administration has
reported that 94% of serious crashes are caused by human error.(3)
Autonomous vehicles will have the potential to significantly reduce
injuries and deaths from traffic accidents resulting from human
error. The autonomous vehicle market is expected to reach US $65.3
billion by 2027.(4)
About Guident, Ltd.
Guident was established to commercialise new technology to
enhance the utility, safety and enjoyment of autonomous vehicles
and drones. Using its proprietary IP, Guident develops software
Apps that allow users of AV's to dispatch their vehicles to join
ridesharing fleets, find available parking spots and charging
stations and report and respond to 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) +44 (0) 20 7220 0500
Geoff Nash/ Max Bullen-Smith (Corporate
Finance)
Camille Gochez (ECM)
Novum Securities Limited (Joint
Broker) +44 (0) 20 7399 9427
Colin Rowbury (Corporate Broking)
Yellow Jersey Limited +44 (0) 20 7933 8780
Tim Thompson / Annabel Atkins tekcapital@yellowjerseypr.com
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
References
(1)
https://www.statista.com/statistics/720689/us-respondents-thoughts-on-the-disadvantages-of-autonomous-vehicles/
(2)
https://www.who.int/violence_injury_prevention/road_safety_status/2015/en/
(3)
https://www.nhtsa.gov/press-releases/usdot-releases-2016-fatal-traffic-crash-data
(4)
https://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
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 Tekcapital or Guident 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's or Guident'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 Tekcapital or Guident may
vary materially from those described explicitly or implicitly in
the relevant forward-looking statement. Neither Tekcapital nor
Guident intends, nor assumes any obligation, to update or revise
these forward-looking statements in light of developments, which
differ from those anticipated.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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