Tekcapital 's (TEK Follow | TEK ) wholly-owned Guident highlighted recent developments in the September issue of its newsletter, released today.
Guident, one of Tekcapital's four portfolio companies, is a developer of software solutions tailored towards the remote monitoring and operation of autonomous vehicles and drones. Guident's R&D extends to related technologies as well, such as regenerative shock absorbers.
On September 9th, Guident's remote monitor and control technology (RMCC) was used in Perrone Robotics' vehicles as the latter provided autonomous rides around the villages of Broken Sound in Boca Raton, Florida for members of the Broken Sound country club. This was an important milestone with an extra safety layer and convenience for members of the community.
In addition, Guident continues development of its Regenerative Shock Absorber technology that converts more of an EV's motion into electrical energy, extending range. Regenerative breaking is a well-known technology, however Guident's system harnesses energy from shock absorbers. "With precise force and displacement measurements, we aim to demonstrate the advantages of the modern energy-harvesting shock absorber over traditional oil-filled shock absorbers", the company said.
Guident also recently participated in the Verizon Innovation Hub in Lake Nona in support of its partner Perrone Robotics. Perrone demonstrated the TONY autonomous system at the event, using Verizon's "hyper-precise location using real-time kinematics (RTK)".
On the investment front, the National Investment Banking Association (NIBA) pitched Guident to investors during its 7-8 September conference. Response to Guident's IP, particularly the RMCC platform and AI human-in-the-loop platform, was "overwhelming", the company said, and led to discussions with interested 3rd parties. NIBA's network has raised over US$30bn, accounting for 90% of all IPOs under US$20m.
Looking ahead, Guident will be attending the "MOVE: Mobility Re-imagined" event in Austin, Texas on September 27-28. Interested parties can schedule a meeting with Guident at the event here.
Milestones such as mentioned in September's newsletter have become routine for Guident, as the company's value has increased steadily since initial investment in 1H 2018, reaching £22m in just 4 years:
Guident is quickly establishing itself as a leader in advanced autonomous vehicle control systems. In May it was selected as a vendor to the Jacksonville Transportation Authority and has so far filed for 8 patents in the US. Guident's asset value on TEK 's's balance sheet has consistently increased since initial investment in 1H 2018. It is now TEK's largest holding, representing roughly half of its total book value:
Looking ahead, Guident hopes to capitalise on the $42bn market opportunity for last-mile autonomous vehicle delivery that it sees as having positive regulatory drivers. One catalyst of this market is the pending US legal framework - Florida has already passed a law making human remote monitoring for AVs obligatory when a driver is not present.
The combined value of Tekcapital's four portfolio companies has grown steadily since 2018, from £8.4m in 1H18 to £62.5m in FY21. Just today, we reported on another TEK company, MicroSalt, as it launched its foodtech product in the US.
Tekcapital most recently reported a 13% increase in net assets in 1H22 to a record US$76.9m, with NAV per share increasing 6% HoH to US$0.51. Previously, TEK had announced a 108% net asset increase and a 243% increase in income YoY for FY21. Overall, the company has shown that it can pick IP companies with the potential to grow and disrupt their respective sectors, despite repeated headwinds in the global economy over the past 5 years.
Follow News & Updates from Tekcapital: Follow | TEK
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.
Zak Mir charts the FTSE 100, Bitcoin, Artemis, Argentex, Baron, Eco, Hemogenyx, Tristel, Warpaint.
The interest rate hike smothers the tax cuts.
(Sharecast News) - London stocks were well below the waterline by the close on Friday, as sterling tumbled through the session after Chancellor Kwasi Kwarteng announced some of the biggest tax cuts since Margaret Thatcher's premiership.
Data collected from West Newton indicates that drilling the Kirkham Abbey reservoir with an oil-based mud system horizontally to 1500m will significantly enhance future production. Analysis also shows the reservoir is predominantly gas (methane 90% + ethane 5%), reducing transport and infrastructure requirements. Production could start as early as 2026.
Zak Mir charts FTSE 100, Pound / Dollar, Bitcoin, Boku, Cellular, Critical, Guild, Jersey, Sovereign, TomCo, Tirupati, Woodbois, Zoo.
Tekcapital announced that MicroSalt will launch its salt-shaker product to major US retail chains on 1 October 2022. The shakers will be available in 2-ounce and 6-ounce sizes, and offer a direct way for consumers to access MicroSalt's low-sodium salt.
Despite the challenging macro backdrop, OTC consumer healthcare firm Venture Life is performing well. Find out here from CEO Jerry Randall what’s driving the growth & improving profit margins.
Cellular hits the USA, Reabold reaches out to the community and Tirupati increases flake guidance.
(Sharecast News) - London stocks were little changed in early trade on Friday as investors eyed the mini-budget, with Chancellor Kwasi Kwarteng set to announce the biggest tax cuts since Margaret Thatcher was in No 10 Downing Street.