Tekcapital Share Discussion Threads

[buywell3] 20/11/2024 07:22

At present there are NO US Federal Regulations for Autonomous Vehicles

When Google AI is asked

Are there any federal regulations for the operation of autonomous driverless vehicles ?

You get:



AI Overview


No, there are no comprehensive federal regulations for the operation of autonomous driverless vehicles in the United States. Instead, states have the freedom to create their own regulations. This has led to a patchwork of regulations across the country.
Some states, like Arizona and Texas, have enacted laws that promote the use of autonomous commercial vehicles. Other states, like California, have proposed laws that would require human drivers in autonomous vehicles for at least the next five years.
The federal government has realized that it needs to re-evaluate the motor vehicle standards that were drafted with human drivers in mind. The government has also considered passing legislation, such as the SELF DRIVE Act in 2017 and the AV START Act in 2018.

Some of the challenges that regulators face include:
Data ownership and liability

It's unclear who would be legally responsible in a collision involving self-driving cars.

Patchwork of regulations

Different states have different regulations, which could lead to different outcomes depending on where an accident occurs.


So buywell adds:



===== Federal Regulations for Autonomous Vehicle Operations =====

Background:

A lack of Federal Regulations mandating what operators of driverless Autonomous Vehicles or Autonomous Vehicles with a driver must do in order to achieve an optimum operational safety;
has unfortunately resulted in :

The US public does not trust autonomous vehicles (AVs):
Due to --
Fear
According to a 2023 AAA survey, 66% of US drivers are afraid of fully self-driving vehicles, and only 9% trust them. This fear has not decreased since last year.
In order to regain the trust of the American people SAFETY must ALWAYS come FIRST where
driverless or with driver Autonomous Vehicles operate on public or private roads and property

Hence the following basic regulations for the operation of Autonomous Vehicles will be mandated forthwith:


1. All Autonomous Vehicles shall be continuously monitored from a designated operational control and monitoring centre.

2. Passengers inside any Autonomous Vehicle shall be able to speak to the operational control centre at any time during their journey

3. Every Autonomous Vehicle shall have a unique ID for every journey. The ID shall detail the State , the operator and control centre, the AV unique vehicle identifier , journey details from and to with a time stamp when passengers enter the vehicle and the journey starts PLUS a time stamp when the journey ends after the passengers exit the vehicle.

4. The data from 3. above shall be transmitted in real time to a safe hub where it can be kept and stored for future use if needed.

5. In order to achieve 1. above , multiple connections shall be required , these shall be chosen in order of first -- lowest latency then strength to meet operational requirements.
A minimum of 3 connections shall be provided including
a) Low latency satellite
b) Public Networks
c) Private Networks

a) Shall be a latency of less than 25mSec
b) Shall be a latency of less than 35mSec
c) Shall be a latency of less than 35mSec

An automatic switching hierarchy between a) b) and c) shall be provided in order to achieve continuous monitoring and speech availability at all times to passengers in the Autonomous Vehicle.

The time taken to switch connectivity shall be less than 10mSec

The latency and signal strength of a) b) and c) shall be continuously measured and recorded and the data logged and filed in a secure manner and facility.



6. In the event of a Autonomous Vehicle malfunction , or a collision with another vehicle or person or object , or the Autonomous Vehicle stopping or wandering from lane to lane in an erratic manner ;

The operation control centre shall inform the passengers that it is taking temporary control of the Autonomous Vehicle and then drive the Vehicle to a nearby place a safety, the passengers will then be updated with the situation and what actions they must then take.

7. Any accident, vehicle malfunction or incident requiring operational control centre intervention shall be forwarded immediately to the newly formed NHTSA Autonomous Vehicle Reporting Centre with all data logs/files see 3, pertaining to the journey undertaken and an explanation of the incident and actions taken , injuries to passengers, damage to vehicles or other persons or objects together with all video footage and recordings from the cameras and sensors on the vehicle involved, together with all audio conversations that took place on the journey.

8. Further to 3. above , a historical record of every Autonomous Vehicle shall be kept by the operation control centre of that vehicle. This record shall show the following:

a) All modifications made to the vehicle after entering operational service --- this shall also include a record of all parts changed however ancillary in nature together with all software changes to the vehicle

b) A historical data log of each and every journey made by the Autonomous Vehicle which includes all journey data recordings and audio recordings , with a total distance covered on each trip together with a total distance covered by the Autonomous Vehicle since entering service

c) An incident data log shall be made and kept for each Autonomous Vehicle --- Once an Autonomous Vehicle has had two incidents logged that vehicle shall be taken out of service and be fully retested for any abnormalities. For every subsequent incident this retest procedure shall be repeated.

d) If an Autonomous Vehicle is involved in four incidents it shall be taken out of service.


9. The Operation Control Centre shall be responsible for contacting emergency services and
any other organizations required to attend an incident involving an Autonomous Vehicle which results in the need of such services. This could be for accidents or collisions or for issues with passengers welfare, such as strokes or heart attacks or problems with the vehicle itself or other vehicles or persons or any other circumstances which requirie the attendance of emergency service or other 3rd parties .
In order to put passengers at ease when travelling in an Autonomous Vehicle , this safety responsibility of the Operation Control Centre shall be explained to passengers both before bookings are made and again before the Autonomous Vehicle commences its journey after the passengers have boarded.

[2dinvestor] 20/11/2024 07:21

How much of the GNIP update was within TEKs view, before that raise last week, I wonder?Looks positive to me.

[paleje] 19/11/2024 08:25

Lots of businesses see better potential prospects under Trump. We'll see.

ST issued another supportive note on Tek yesterday, his spot nav being 23.3p with a buy recommendation, I know he's a serial issuer of these, the logic stacks up but his timing is poor and he rarely challenges management abilities or motives. Nonetheless a fair punt at this level perhaps.



........That said, the capital raise should help unlock the value in Tekcapital’s $22.4mn (8.4p a share) holding in Guident’s equity and loan notes, a sum that is worth as much as the company’s own market capitalisation of £17.4mn (8.25p). A successful IPO at anything close to that carrying valuation would act as a strong catalyst to narrow Tekcapital’s deep 68 per cent share price discount to my spot net asset value (NAV) per share estimate of 23.3p. I last advised buying the shares, at 9.25p, and maintain that advice ahead of Guident’s IPO. Buy.

[dennisbergkamp] 15/11/2024 15:15

I’ll prob buy more to ave down and then dump the lot by mid ‘25. On principal

Although who has those these days! Well I know I do

D

[trustedinvestor] 15/11/2024 12:02

Agreed - no point bailing out as guident IPO is due soon and microsalt shares lock in period expiring early spring.

[mrphil] 15/11/2024 11:27

Why oh why did I add to these in 2022 & 2023, now down 65% on them after today's fall.

[cheshire] 15/11/2024 11:27

Plenty using this dip to top up. I'd be more worried if Cliff was selling his shares. He also has options at around 50p from memory. Happy to hold till then, which will come as soon as we see an exit.

[2magpies] 15/11/2024 09:55

That should be a real slap-up Office Christmas Dinner followed by wow-factor spangley Party!!

And on and on it goes!

[ivyhedge] 15/11/2024 09:16

NOT HAPPY. They should have asked us to contribute, would have been happy too. DUKE did it right, on same day, happy to contribute to DUKE. This was management greed.
I hold this share across several platforms, will dispose of my shares as and when. Companies get one chance at something like this and if they dont stack up i drop them.

[maytrees] 15/11/2024 08:25

Greetings Chester9

I agree, sadly, though sold out thankfully yesterday, after being a long term holder.

[chester9] 15/11/2024 07:46

It's Clifford's bonus time again, 25% discount not awful. No wait Cliffs actually bought some more. Has he spent some of his 500k yes 26k of it.Now owns 9m worth 900k pounds at 10p.I've not held for a few years but watch him rinse and repeat.

[buywell3] 14/11/2024 19:04

November 2024

NO US FEDERAL AGENCY HAS MANDATED THAT DRIVERLESS AUTONOMOUS VEHICLES MUST BE CONTINUOUSLY MONITORED

OR

That a communication link between passengers and "remote operators" of the vehicle must be available and maintained at all times during passenger service.


Why?

Because passengers can suffer health issues at any time and require an ambulance

or

Be involved in an accident or incident requiring emergency attendance by the police or fire services






California state has made an attempt , BUT has not stipulated how ---- hence there has been issues due to times when internet traffic was too heavy or internet base stations had problems.


California state say:

Autonomous Vehicle Passenger Service Programs

The Commission authorized Drivered and Driverless Pilot and Deployment AV passenger service programs to provide pre-arranged transportation in autonomous vehicles with or without a safety driver.

Background

On May 31, 2018, pursuant to Decision 18-05-043 (Text of Decision | Press Release), the Commission authorized two pilot programs for the private prearranged transportation of passengers in test autonomous vehicles (AVs):

The "Drivered AV Passenger Service" pilot program allows for the provision of passenger service in test AVs with a driver in the vehicle.
Under this pilot program, a safety driver is available to assist with operations if needed.

The "Driverless AV Passenger Service" pilot program allows for the provision of passenger service in test AVs without a driver in the vehicle.

Under this pilot program, a communication link between passengers and "remote operators" of the vehicle must be available and maintained at all times during passenger service.




----------------------------------

buywell asks:

How is a communication link between passengers and "remote operators" of the vehicle going to be available AT ALL TIMES during passenger service ---- if there is only one communisations link ?

Or even two communications links

For safety of passengers there should be a minimum of 3 communications links , one of which must be a low latency satellite together with automatic switching between all 3 links so as provide secure and seamless communications between passengers and "remote operators" of the vehicle .








The Morning After: Verizon and PlayStation’s network separately hit by outages

October 1st 2024

Verizon

It was a messy Monday if you were a Verizon customer or wanted some PS5 gaming in the evening. First, Verizon mobile customers reported outages across the US on Monday. At around 9:30AM ET, hundreds of thousands of users flagged problems with their mobile service on Downdetector. Reports spiked at almost 105,000 at 11:20AM. Issues included the inability to send texts and a lack of cellular service outright. The issue centered on the East Coast and Midwest. The carrier hasn’t elaborated on what caused the issue. The FCC said it was “working to determine the cause and extent of these service disruptions.”

Hours later, the PlayStation Network experienced serious issues, kicking people off their matches and crashing online games worldwide. (Yes, that’s even bigger than the Midwest and East Coast.) Users couldn’t sign in on the PS5, PS4, PS Vita and PS3 or perform account maintenance on the web either. Streaming functionality was also knocked offline.
Services came back online in the early hours of October.
We’re also checking with Sony about the cause.



AI Overview

In California, driverless vehicles, particularly those operated by Cruise, have faced significant issues due to poor internet connectivity, which has caused malfunctions and safety concerns, including incidents where the cars were unable to properly respond to situations due to a lack of real-time data from their sensors, leading to regulatory investigations and temporary suspension of operations in the state; most notably, Cruise was accused of not providing complete video footage of an accident to regulators due to internet connectivity problems.

Key points about this issue:

Impact on safety:

Poor internet can severely impact the functionality of autonomous vehicles, as they rely on near-instantaneous data transmission to make critical driving decisions.

Cruise controversy:

The company Cruise has faced intense scrutiny after an incident where one of their driverless cars dragged a pedestrian, with allegations that they initially failed to provide complete video footage to regulators due to internet connectivity issues.

Regulatory response:

California's DMV has taken action against Cruise, suspending their permit to operate driverless cars in the state due to safety concerns related to these internet connectivity problems and other incidents.

[buywell3] 14/11/2024 06:10

Satellite Evolution Group

13 hours ago




NOVELSAT and Guident conclude successful first phase of joint project to enhance autonomous vehicles safety with space connectivity


The initiative aimed to develop an always-on, ubiquitous remote monitor and control solution for autonomous vehicles and devices, leveraging space communications and AI technologies. The solution integrates NOVELSAT's satellite-based space connectivity technologies with Guident's human-in-the-loop AI technologies, ensuring reliable, high-speed bi-directional connectivity.


Successful testing and demonstrations with GEO satellite connectivity confirmed the solution's efficacy in real-world scenarios, enabling continuous high-quality video streaming for remote monitoring and control of autonomous vehicles.


Testing of the first phase developments involved placing autonomous vehicles in various scenarios around the Boca Raton area to evaluate the GEO satellite connectivity's effectiveness as an alternative or complement to cellular networks.


The results demonstrated the system's capability to establish and maintain connectivity in areas of cellular “dead zones” or limited availability, ensuring the highest safety levels for autonomous systems. Key findings included high uplink data rates that enabled the transmission of multiple high-resolution video feeds from vehicles to the Remote Monitor and Control Center (RMCC), network efficiency to support a large number of autonomous vehicles by dynamically establishing ad-hoc



connectivity and allocating network resources in real-time, and the system's proven safety in remote driving, while compensating for GEO satellite latency.


"Partnering with Guident has been an incredible journey," said Gary Drutin, CEO of NOVELSAT. "Our space-based connectivity solutions have proven essential for the safe deployment and operation of autonomous vehicles in diverse environments. The successful completion of the first phase of this project marks a significant milestone in our mission to lead the industry in innovative connectivity solutions."


"Working with NOVELSAT to develop this groundbreaking remote monitor and control solution has been a remarkable experience," said Harald Braun, Chairman and CEO of Guident. "Our Remote Monitor and Control Center (RMCC) leverages cross-network connectivity to ensure always-on remote monitoring and controlling of autonomous vehicles, providing unparalleled safety and reliability in various applications."


----------------------------------------------------------------------



As of November 2024

AI Overview

According to California law, the requirement for manufacturers to continuously monitor every autonomous vehicle on the road and have a remote human operator capable of immobilizing a vehicle if necessary is outlined in Vehicle Code section 38750 within the "Division 16.6: Autonomous Vehicles" section of the California Code.

Key points about this law:

Continuous monitoring:
Manufacturers must continuously monitor the status of each autonomous vehicle operating on public roads.

Remote human operator:
A designated remote human operator must be able to take control of the vehicle and immobilize it if needed.

Safety focus:
This regulation aims to enhance safety by providing a means to intervene in critical situations with an autonomous vehicle.




buywell adds:

To achieve continuous monitoring multiple connectivity is needed with automatic switching between the various connectivity mediums

This is also needed to satisfy a safety focus

One would think that Elon Musk will ensure that relevant Federal Authorities take actions to ensure such operational and safety concerns that California state is seeking to address regarding Autonomous Vehicles ---- albeit without stipulating three connectivity mediums with automatic switching to ensure the optimum connectivity is always the main one selected.

Delivery drones and security and inspection robots will also imo come under the same umbrella when Mr Musk takes his cabinet place in order to improve efficiency through operational safety.






Trump said in a statement that Musk and Ramaswamy "will pave the way for my Administration to dismantle Government Bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies."

Trump said the new department will realize long-held Republican dreams and "provide advice and guidance from outside of government," signaling the Musk and Ramaswamy roles would be informal, without requiring Senate approval and allowing Musk to remain the head of electric car company Tesla (TSLA.O), opens new tab, social media platform X and rocket company SpaceX.

dyor

[jaknife] 13/11/2024 16:52

Another perfect example of the bent nature of every company that is spun out of the TEK stable. Today TEK and Innovative Eyewear (LUCY) report to the UK market on how amazing LUCY’s results are:



Revenues for the nine months to the end of Sept are up 76% they exclaim!

But they’ve deliberately only told you the good news, the reality of the situation is grimmer than a cheap weekend holiday in hell …



In the nine months to the end of Sept the total loss was $5.9m! If revenue were to increase by tenfold (which would be a miracle) then they would still be a loss-making dog because the margins are so low and expenses are so ridiculously high!

It’s difficult to imagine how someone might spin these results positively, but just reporting the revenues is a good start.

JakNife

[buywell3] 13/11/2024 07:48

This was said in 2019

Tesla is using AI to develop its autonomous full self-driving (FSD) software, which has already completed billions of real-world miles in beta mode. The advent of fully autonomous cars could result in vehicle software revenues hitting as high as $1.2 trillion per year by 2030.


Now we have StarLink

Plus Elon Musk has been chosen by Trump to serve on his cabinet


Low latency using LEO satellites to achieve the best safety possible for autonomous vehicles is set to become reality as the Robotaxi rolls next year

dyor

[qsmeily456] 06/11/2024 19:59

Buy 💩 the PAID TEK Ramper....avoid

Sell the spikes....Tek just dilute investors and take salaries delivering no SV increase.

QsmeIly456

4 Nov '24 - 14:17 - 5600 of 5606 Edit
0 0 0
Cash raise coming watch out......more dilution.....rampers out in force 🫨

[buywell3] 06/11/2024 15:40

See buywell MicroSalt SALT post

Small TEK trades today also showing 'SINT' of less than 100 shares , same as in as in SALT




A couple of shorting crews in action methinks

Investigation needed

[buywell3] 05/11/2024 19:27

Mr Gross

----- What about the value of Innovative Eyewear Series 'A' Warrants ? ------

The CEO of Tekcapital has recently stated in a Tekcapital portfolio update:


Tekcapital owns 100% of the shares of Lucyd Ltd, valued at US$2.6m as of 30 June 2024. Lucyd Ltd owns approximately 19% of shares in Innovative Eyewear, Inc.


Innovative Eyewear Inc (“Lucyd”) www.lucyd.co (NASDAQ: LUCY)

• Announced a new partnership with Windsor Eyes, a leading eyewear manufacturing and distribution firm. Over
the last 50 years, Windsor has become a leading manufacturer and supplier of fashion eyewear under the Bruno
Magli, Sanctuary, Pier Martino, Adolfo, Eyecroxx, as well as private label options
• Announced a partnership with New Look Vision Group to distribute its smart eyewear in Canada. New Look Vision
Group is one of the largest optical groups in Canada and has been rapidly expanding in the United States.
• Production planning and preparation for launches of its licensed branded smart eyewear products: Nautica, Eddie
Bauer and Reebok.
• Appointed Micah Richards as a brand ambassador. Micah is a former Olympic athlete and English footballer,
turned successful broadcaster. He is currently working for Sky Sports, CBS Sports and BBC Sport whilst he is also a
co-host of "The Rest is Football" - a top ten UK podcast.

Tekcapital owns 100% of the shares of Lucyd Ltd, valued at US$2.6m as of 30 June 2024. Lucyd Ltd owns approximately 19% of shares in Innovative Eyewear, Inc.



-----------------------------------

But Mr Gross what about the Series A Warrants attached to these 259,455 shares in Innovative Eyewear ?

They have a value also do they not ?

As recently has been shown when Lucyd sold 126,699 series 'A' warrants , issued at $21 each for a reduced price of $5





These series 'A' warrants were issued based upon 2 warrants per common stock share in the original IPO

Hence Lucyd would have owned 519,910 such series 'A' warrants (ie 2 times 259,455)

BUT have since sold 126,699 of them leaving Lucyd ( and hence Tekcapital as they own 100% of Lucyd ) still owning 393,211 series 'A' warrants

Surely Mr Gross there should be a value of at least $5 a warrant for these which should be included in a valuation of the holding of Tekcapital ?



--------------------------------------------


The rationale being that any company now seeking to acquire Innovative Eyewear would have to also buy any issued warrants

Certain investors have acquired warrants from other 3rd parties for above market prices as there are limited innovative eyewear shares in issue.



So Mr Gross could you please include such warrants on your next valuation as they clearly are now in demand


buywell

dyor

PS

MIAMI, Sept. 3, 2024 /PRNewswire/ -- Innovative Eyewear, Inc. ("Innovative Eyewear" or the "Company") (Nasdaq: LUCY), the developer of smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, today announced the entry into definitive agreements for the immediate exercise of certain outstanding warrants to purchase an aggregate of 126,699 shares of the Company's common stock originally issued by the Company on June 26, 2023, each having an original exercise price of $21.00 per share, at a reduced exercise price of $5.00 per share. The closing of the warrant exercise transaction is expected to occur on or about September 4, 2024, subject to satisfaction of customary closing conditions.

[lord loads of lolly] 05/11/2024 16:47

888ICB - in much the same way a stopped clock tells the right time twice a day, ST has been touting Tek for years now, saying its NAV discount is unjustified.

Only problem is, he started doing this when the share price was closer to 50p than 40p. And look at it now.

[trustedinvestor] 05/11/2024 15:49

https://www.weareredchurch.com/wp-content/uploads/2024/11/Guident-RMCC-Investor-Presentation-10-28-2024-Short-Version-v3.pdfGuident presentation - IPO could be closer than you think....

[888icb] 05/11/2024 12:23

When Simon Thompson valued TEK on 31st October:
“ spot net asset value (NAV) is around $65.2mn (25.3p), or almost three times the company’s current share price. The 32 per cent rally in Tekcapital’s share price since I highlighted the valuation anomaly (‘IPOs set to drive a rerating of an unloved investment company’, 25 September 2024) has much further to run to narrow the 63 per cent share price discount to NAV. Buy.”
When he did that valuation SALT was 77p whereas today it’s 92p so it’s a few million dollars light.
Its also worth remembering what he said about Guident, which unlike the other investments has not yet been listed:
“ Furthermore, there is scope to unlock the value in Tekcapital’s largest investment, an $18.1mn (6.8p) equity holding in Guident, a developer of remote monitoring and control software (RMCS) that improves the safety of autonomous vehicles and delivery robots. Tekcapital holds $4.3mn (1.6p) of CLNs in the company, too. The directors are in the process of seeking a private investment round ahead of a likely IPO, another share price catalyst and one that’s not in the price.”
I think Guident is becoming a leading player in an industry that has massive growth potential and will turn out to be the jewel in TEK’s crown.

[888icb] 05/11/2024 11:56

It is good to see TEK rising in recent days but it still has a long way to go to get anywhere near the value of its assets. This is best illustrated by looking at the value today of TEK’s 69% holding in SALT, which is just over £31 million.
Now look at the current market cap of TEK, which is £20.5 million.
TEK would have to rise 50% just to reflect the value of it holding in SALT.
Every other asset is in for free.