TEK Tekcapital Plc

The information contained within this announcement is deemed by the Company (Companies House registration number 08873361) 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.

15 January 2025

Tekcapital plc

 ("Tekcapital" or the "Company")

Portfolio Company Update: Guident Corp.

Appointment of Investment Banker

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that its portfolio company Guident Corp. ("Guident") has engaged a New York based investment banker to assist it in effectuating a private placement and potential Nasdaq IPO later this year.  

Guident has built one of the first commercial-grade remote monitoring and control centres for autonomous vehicles in Florida, with additional facilities underway in Michigan, and Europe, and has developed what we believe is a comprehensive intellectual property portfolio covering teleoperations, coupled with a strong sales pipeline.

Harald Braun, Executive Chairman of Guident, commented:

"We are very pleased to have appointed an investment banker. The AV industry is rapidly developing, and we believe that teleoperations is critical for the safe roll out of vehicles and robots. The adoption of autonomous vehicles globally is accelerating, and Guident welcomes the accompanying regulatory developments that put the safety of passengers and the public at the forefront of autonomous vehicle rollouts."

About Guident

Guident provides industry-leading AV remote monitoring, control, assistance, and passenger support services using its patented technology and software. To learn more, please visit https://guident.com/.

Guident's RMCC in Boca Raton Florida, USA. Photo courtesy of Guident.

About Tekcapital plc

Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives. 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.

Following the issue of equity to members of the Guident team, the Company's shareholding in Guident has reduced from 90 per cent to 70 per cent.

LEI: 213800GOJTOV19FIFZ85

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General Risk Factors and Forward-Looking Statements

All statements of opinion and/or belief contained in this Press Release and all views expressed represent the directors' own current assessment and interpretation of information available to them as at the date of this Press Release. In addition, this Press Release contains certain "forward-looking statements", including but not limited to, the statements regarding the Company's overall objectives and strategic plans, timetables and capital expenditures. Forward-looking statements express, as at the date of this Press Release, the Company's plans, estimates, valuations, forecasts, projections, opinions, expectations or beliefs as to future events, results or performance. Forward-looking statements involve a number of risks and uncertainties, many of which are beyond the Company's control, and there can be no assurance that such statements will prove to be accurate. No assurance is given that such forward looking statements or views are correct or that the objectives of the Company will be achieved. Further, the Company does not undertake any obligation to update any forward-looking statement or other information that is contained in this Press Release.

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