Source: Guident Ltd, Vira Mylyan-Monastyrska and Ibnu Alias / Shutterstock.com
UK intellectual property investment group,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:
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
The Government has moved a step closer to waving through the £4billion private equity takeover of Cobham, easyJet is set to become the world’s first major airline to operate net-zero carbon flights across its entire network, after announcing it would offset all jet fuel emissions
Boris Johnson and Jeremy Corbyn have clashed over Brexit in the first TV election debate of the campaign. Boris Johnson promised to "end this national misery" and said Labour offered "only division and deadlock", whilst Jeremy Corbyn said Labour would "get Brexit sorted by giving you, the people, the final say".
“The potential scale and opportunity of this development is truly significant, especially given the potential synergies with our ongoing development of coal mine and mine mouth power,” commented Naheed Memon, Chief Executive of Oracle.
Kape CEO Ido Erlichman said: “In one acquisition, I believe we have positioned Kape to fast become one of the leading digital privacy service providers in the world, empowering consumers to manage their own data and digital security.”
SP Angel research note on commodities and miners, featuring: Adriatic Metals* (ADT AU) A$1.31, Mkt cap A$226.1m – Vares scoping study Arc Minerals* (ARCM LN) 2.7p, Mkt Cap £20m – Arc agrees sale of Šturec as it focuses resources on development of Cheyeza East discovery in Zambia Cora Gold* (CORA LN) 5.4p, Mkt Cap £7m – 5,000m of drilling to test lateral and dip extensions at Sanankoro Oriole Resources (ORR LN) 0.39p, Mkt cap £2.7m – Financing for Thani Stratex Resources Djibouti Pensana Metals (PM8 AU) A$0.20, Mkt cap A$30m – Pensana punchy on NdPr prices in new Feasibility Study Tri-Star Resources* (TSTR LN) 37p, Mkt Cap £35.2m – First production of commercial grade antimony metal
Matt Lofgran, Chief Executive Officer of Nostra Terra explained the company decision, commenting, “We have taken the view that because the asset is loss-making and given we are not the operator, despite the fact that we feel that we could improve operations significantly, ultimately the best resolution is for NTI to transfer its interest and have no past or future liability."