Proactive Investors - Run By Investors For Investors

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--

View full TEK profile View Profile

Tekcapital PLC Timeline

Related Articles

Iran sanctions cartoon
September 21 2018
The group has been providing baggage screening services at Freetown International Airport in Sierra Leone for the past five years
machines
February 04 2019
“We continue to focus on further strengthening our engineering capability and optimising quality management to meet the expected growth in demand for driver monitoring systems,” chief executive Ken Kroeger.
MRI scanner
March 19 2019
The company invests and helps build companies in the medical and technology sectors, with a target exit valuation of over US$100mln

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use