logo-loader
viewTekcapital PLC

Tekcapital jumps as self-driving car firm Guident launches commercial website

Guident focuses on the development of autonomous vehicles software apps and counts the former head of General Motors' Cadillac division among its directors

Self-driving car
Guident is wholly owned by Tekcapital

Tekcapital PLC’s (LON:TEK) shares jumped in early deals on Monday after its portfolio firm Guident launched its commercial website.

Guident, which is wholly-owned by Tekcapital, focuses on the development of autonomous vehicles software apps and counts the former head of General Motors Co’s (NYSE:GM) Cadillac division among its directors.

READ: Former General Motors' Cadillac boss joins Tekcapital's Guident as director

"Guident's mission is to enhance the safety, convenience and enjoyment of using autonomous vehicles (AV) by providing innovative mobile software applications with proprietary technology that addresses the convergence of AV, artificial intelligence and mobility", said Harald Braun, Guident’s chairman.

Dr Clifford Gross, chairman of Tekcapital, added: "We are delighted to see that Guident is on track with its development program.  We believe that autonomous vehicles will help democratize transportation and that a great deal of this value will be facilitated by control of AV's with smartphone or smartwatch software apps."

Shares were up 10.6% at 6p.

--Adds share price--

Quick facts: Tekcapital PLC

Price: 6.4 GBX

LSE:TEK
Market: LSE
Market Cap: £4.08 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Tekcapital PLC named herein, including the promotion by the Company of Tekcapital PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Tekcapital PLC reports 'successful half year' with record revenue and profit

Tekcapital PLC's (LON:TEK) Clifford Gross tells Proactive London the six months to the end of May 2019's been a successful half-year for the business. The intellectual property (IP) group that specialises in commercialising university technology, saw its net assets increase by 27% to...

on 23/8/19

2 min read