Proactive Investors - Run By Investors For Investors

Tekcapital’s Guident portfolio company files new patent for self-driving car tech

Guident is developing software that will allow self-driving cars to join ridesharing fleets, find and park in available spaces, locate the nearest charging station and report and respond to accidents
self driving car
Guident is wholly owned by Tekcapital

University technology investment group Tekcapital PLC (LON:TEK) has confirmed its portfolio company, Guident, has filed for a new patent with US regulators.

Based on technology licensed from Florida Agricultural and Mechanical University, Guident is developing software to improve the safety and utility of self-driving cars.

READ: Tekcapital gets a boost as Belluscura raises over £500k in crowdfunding drive

The latest patent is called Methods and Systems for Emergency Handoff of an Autonomous Vehicle and deals with the operation and control of an autonomous vehicle in the event of an accident.

“In a recent survey by PWC, 43% of respondents indicated that a key perceived disadvantage of AVs relates to safety concerns,” said Guident chairman Harald Braun.

“We believe our new patent will help address some of these issues by defining forward-thinking, post-accident protocols.”

Tekcapital chairman Clifford Gross added: “We are delighted to see that Guident is expanding its intellectual property to cover additional software features to improve safety while using autonomous vehicles.”

View full TEK profile View Profile

Tekcapital PLC Timeline

Related Articles

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
internet
June 17 2019
Signs FPGA Smartnic deal with Chinese firm FiberHome
e-learning
May 10 2019
The AIM-listed firm's 2018 results in March showed a 104% year-on-year jump in pre-tax earnings (EBIT) to £27.2mln, ahead of markets expectations, as revenues soared by 83% to £93.9mln

© 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