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Tekcapital’s Guident enters strategic alliance with Bestmile

09:15, 7th September 2020
Francesca Morgan
RNS Newswire

Tekcapital (AIM: TEK) FOLLOW said its wholly owned subsidiary, Guident, has entered into an alliance with Bestmile USA, to offer its patented teleoperation for autonomous and human-driven vehicles to enhance customer safety and security across Europe and North America. 

Launched in 2014, Bestmile operates its Fleet Orchestration Platform, encouraging mobility providers to deploy, manage and optimise autonomous and conventional vehicle fleets. 

The UK intellectual property investment firm said the alliance represents ‘a key milestone’ for both companies to address a critical need in the autonomous vehicle ecosystem and that it will enable both companies to provide a more complete solution to their customers.    

Guident provides AI solutions for autonomous vehicles and drones from valet systems and concierge services to remote monitoring and control and connected vehicle data sharing. 

Additionally, Guident's teleoperation system is designed to integrate within smart cities to improve the safety and performance of transportation in the smart city environment. 

Shares in Tekcapital have almost doubled from lows of 5.50p in April and were trading 5.13% higher this morning at 10.25p following the announcement. 

TEK price chart

Rich Tehrani, CEO and Group Editor-in-Chief of Technology Marketing Corporation said: 

"Guident's SaaS solution providing AI-based autonomous services are perfect for a number of applications including zero-touch delivery companies, vehicle manufacturers, smart cities and fleet operators." 

The alliance will see Guident provide its patented, advanced teleoperation to Bestmile for autonomous and human-driven vehicles to enhance customer safety and security, incorporating a reliable, low latency connection to any advanced mobile network solution. 

According to Allied Market Research, “the autonomous vehicle market is expected to reach $556 billion by 2026 with a CAGR of 39%,” Tekcapital reiterated this morning to investors. 

Alongside a surge in demand for contactless or "touch-free" delivery due to the COVID-19 pandemic, Guident believes this increase will accelerate the roll-out of land-based delivery drones for food and medicines to improve their availability and reduce delivery costs. 

For more news and updates on Tekcapital:  FOLLOW


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