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.
London-listed Seeing Machines (AIM:SEE) has completed its first licence deal with a major Automotive Tier 1 partner for its Driver Monitoring System technology worth an initial US$5m with ongoing volume based royalty payments.
Frontier IP (AIM: FIPP) has announced its portfolio company Exscientia has entered a joint initiative with Diamond Light Source and Calibr, a division of Scripps Research (USA) to progress compounds that could rapidly become viable drugs for treating COVID-19.
Gfinity (AIM: GFIN) has joined the Vox Markets Crusaders index after highlighting 2H20 has started strongly with significant improvements in volumes of gamers. The Group reported 1H20 results saw a 45% improvement in operating loss and is now looking to strengthen its balance sheet further by raising £2m and shows it is on the flightpath to break-even.
Nearly a fifth of all small and medium-sized businesses in the UK are unlikely to get the cash they need to survive the next four weeks, in spite of unprecedented government support. That's according to research published today, which suggests that between 800,000 and a million businesses nationwide may soon have to close.
InterHigh, part of the Wey Education Group, providing live, interactive and online teaching in the UK, has been presented with the ‘Educational Establishment of the Year’ award at the annual Education Resources Awards.