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Tekcapital secures exclusive patent to increase autonomous vehicle safety

10:36, 27th June 2019
Anita Riotta
Company News

Source: Guident Ltd, Vira Mylyan-Monastyrska and Ibnu Alias / Shutterstock.com

UK intellectual property investment group, Tekcapital (TEK) FOLLOW has announced that their portfolio company Guident has licensed an exclusive patent in the United States titled “Remote Control and Concierge Service for an Autonomous Transit Vehicle Fleet”.

The patent covers methods for remote control centers to assist autonomous vehicles and drones via the machines’ sensor inputs, enabling the control centers to aid in “difficult situations,” such as extreme weather.

The overall aim is to increase not only driver safety but also driver confidence in these new-wave vehicles. 

A recent survey by PWC found that 43% of respondents said they believed autonomous vehicles were at a disadvantage when it came to safety compared to their traditional counterparts.

Dr. Clifford Gross, Tekcapital’s Chairman, commented:

“We are delighted to see that Guident has exclusively acquired additional intellectual property rights to enhance the adoption and utilization of AV's.  We believe that autonomous vehicles and drones will help democratize transportation and delivery. 

However, to enhance the safety and practicality of AV's, a back-up control centre, on stand-by, would enhance consumer confidence that unpredictable situations such as accidents and last mile package delivery mishaps can be handled properly in real-time. This would mind the gap in the foreseeable future between the vision of level 5 autonomy and the stubborn current reality of imperfect artificial intelligence."

Today’s news adds to a very busy week for Tekcapital. 

Yesterday, the company shared with investors that its portfolio company Belluscura, which develops a patented portable oxygen concentrator for those who live with COPD, had received commitments for £725,000 of additional funding at 15p per share.

Additionally, the company expressed it is confident that Belluscura will receive FDA clearance later this year, which would open the door for a commercial launch in H1 2020.

Tekcapital’s foothold, through its portfolio companies, in attention-grabbing markets doesn’t end with autonomous vehicles and biotech solutions; they’re also working on a low-sodium salt at Salarius and next-gen eyewear at Lucyd. 

For more news and updates on Tekcapital: FOLLOW


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