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5 April 2024  

Tekcapital Plc

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

Portfolio Company 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 announce that Guident is incorporating its remote monitoring and control (RMCC) technology into AuVe Tech OÜ ("Auve Tech") MiCa autonomous shuttle. 

Auve Tech, a pioneer in autonomous transportation systems, based in Tallinn, Estonia, has officially introduced its flagship product, the MiCa shuttle, in the US market. The MiCa vehicle offers turnkey autonomous transportation solutions tailored to diverse environments and simple integration into existing transport networks. In an important and innovative collaboration, 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.

Guident is excited to announce that the MiCa autonomous shuttle has arrived at their headquarters and integration with Guident's RMCC solution has commenced. As a premier Autonomous Vehicle teleoperation monitoring company, Guident is proud to collaborate with Auve Tech to integrate its industry-leading AV remote monitoring, control and passenger support services with the MiCa, the world's most compact and flexible level 4 autonomous shuttle.

The culmination of those efforts will be showcased at the Guident Headquarters Inauguration event on 18 April 2024, in Boca Raton, Florida. This event will unveil the fully integrated solution, demonstrating the seamless fusion of Guident's RMCC solution with the MiCa autonomous shuttle.

Auvetech MiCa level 4 autonomous shuttle

Photo courtesy of AuVe Tech OÜ

Johannes Mossov, Board Member at AuVe Tech OÜ, said:

 "With MiCa now officially 'landed' in the US for market entry, we are glad to join forces with Guident. Together, we are committed to enhancing the safety and efficiency of our MiCa AV shuttles with their advanced remote monitoring and control software. Based on the success in Japan and Europe, we eagerly anticipate rapid deployment of our innovative combined solution in the US and worldwide."

Harald Braun, Executive Chairman and CEO at Guident Ltd, stated:

"Since establishing our strategic partnership, we have been thrilled to collaborate with the Auve Tech team on several projects. We are particularly excited to achieve a significant milestone with Auve Tech's entry into the US market coupled with the integration of our advanced teleoperation technology." 

About Auve Tech

Auve Tech specializes in the development and manufacturing of autonomous transportation systems. We offer a full-scope service that entails autonomous vehicles, their integration to various environments, and fleet management. To learn more, please visit https://auve.tech/.

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:

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.