Tekcapital’s Guident expects rising demand across AV market
Guident, a portfolio company of the UK-based investment company (TEK ), said it expects to benefit from the increased demand of the last mile AV delivery autonomous vehicle market.
According to data from Triton Market Research “the last mile AV delivery market autonomous vehicle market” is expected to reach $41.7 billion in value by 2028 with a CAGR of 19% as contactless or “touch-free” delivery is in high-demand since the COVID 19 pandemic.
Guident, a developer of software for improving the safety of autonomous vehicles (AVs) and delivery robots, believes this factor 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.
The developer, of which Tekcapital owns 100% interest, noted that it has filed its 8th patent application covering improvements to their remote monitoring and control centre for AVs.
This falls under the U.S. patent application #17/579,203 and is entitled: “Near Real-Time Data and Video Streaming System for a Vehicle, Robot or Drone”. Guident said it believes its technology is “one of the lowest glass-to-glass (camera-to-monitor) latencies in the market.”
Explaining to investors, Harald Braun, Chairman & CEO of Guident Ltd. said: “This technology is required by teleoperations (which enables a human to remotely monitor and control an autonomous vehicle) as it facilitates rapid image analysis for quick decision making.”
Guident noted how it had attended the 2022 Consumer Electronic Show in Las Vegas, and whilst there “engaged in meetings with potential customers and partners regarding its teleoperation solution, and was delighted with their feedback and desire to collaborate.”
It said follow-up discussions are on-going and that it will update the market as appropriate.
Additionally, Guident continues to progress with its regenerative shock absorbers (RSA), with its RSA prototypes having been fabricated and are being evaluated by independent test facilities to confirm their performance and capabilities. Guident said it is now in discussions with potential customers and strategic partners to both manufacture and use their RSA’s.
On Wednesday, Tekcapital’s portfolio company, Lucyd’s Innovative Eyewear subsidiary, was approved by two big US retailers to expand the presence of its Lucyd Lyte® smart eyewear.
The investment company Tekcapital currently owns 100% of the share capital of Lucyd Ltd and around 80% of the share capital of Lucyd’s operating subsidiary, Innovative Eyewear, Inc.
The company outlined to investors that DICK’s Sporting Goods®, the largest sporting goods retailer in the US, as well as Best Buy®, one of the largest electronics retailers in North America, will provide a platform for Lucyd Lyte® via its ecommerce channels, respectively.
As a result, DICK’s Sporting Goods® will feature Tekcapital’s range of prescription eyewear, on dickssportinggoods.com, while BestBuy.feature them on its Canadian ecommerce site. The products are expected to be available on both platforms within the next 30 days.
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