logo-loader
viewTekcapital PLC

Tekcapital’s Guident acquires new IP to remotely control vehicles and drones

The exclusive patent described methods of allowing remote control centres to take over autonomous vehicles and drones to navigate difficult situations

Self-driving car
Clifford Gross, chairman of Tekcapital, said a backup control centre would “enhance consumer confidence” in self-driving vehicles

Tekcapital PLC’s (LON:TEK) portfolio firm, Guident Ltd, has acquired a new IP from Florida International University to remotely control autonomous cars and drones.

The IP commercialisation firm said the exclusively licensed patent from the university described methods for coordinating autonomous cars and drones with a remote control centre to allow the vehicles to navigate difficult situations such as heavy weather, crowded and dangerous traffic scenarios, accident prevention and remediation, and off-grid and last mile package delivery.

READ: Tekcapital’s Belluscura on track for FDA clearance this year, raises £750,000 in funding

Dr Clifford Gross, chairman of Tekcapital, said the use of a backup control centre would “enhance consumer confidence” in self-driving vehicles as unpredictable situations could be handled in real-time by remote operators.

“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", he added.

In early trading on Thursday, Tekcapital’s shares were up 2.1% at 11.7p.

Quick facts: Tekcapital PLC

Price: 5.65 GBX

LSE:TEK
Market: LSE
Market Cap: £3.6 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