Tekcapital plc Acquisition of New Gesture Recognition Technology (6250G)

TIDMTEK

RNS Number : 6250G

Tekcapital plc

31 May 2017

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service ("RIS"), this inside information is now considered to be in the public domain.

31 May 2017

Tekcapital plc

("Tekcapital" or the "Company")

Acquisition of New Gesture Recognition Technology

Tekcapital plc (AIM: TEK), an international provider of technology and intellectual property investment services, announces that it has acquired the worldwide exclusive license to a software program and patent application for enhanced gesture recognition for computing devices, which has the potential to enhance the accuracy of the detection of gesture and character inputs across a wide range of mobile and desktop devices.

Recognizing gesture inputs on a computing device is a challenge that can be approached with different methods. With this software, when a touch-sensitive device is provided with 2D input drawn with a stylus or made with a finger, synthetic data is produced by a new method called Gesture Path Stochastic Resampling. This efficient software algorithm requires minimal coding to implement and rapidly decodes analog gesture input. With this new technology the directors of Tekcapital believe it is possible to improve the accuracy and the speed of gesture recognizers, as the technology is fast, versatile, language independent, and is compatible with existing recognition systems on any device.

This patent pending software algorithm, was recently developed by researchers at the University of Central Florida. A description of how the technology works in addition to typical applications and benefits can be found here: http://www.rns-pdf.londonstockexchange.com/rns/6250G_-2017-5-30.pdf

Commenting on the license acquisition, Dr. Clifford M. Gross, Executive Chairman of Tekcapital, said; "We are excited to have acquired the exclusive rights to this novel software technology aimed at improving the accurate detection of gesture inputs for mobile devices, tablets and desktop computers. Our goal is to license the technology to a leading device manufacturer or software company."

For further information, please contact:

 
 Tekcapital Plc 
 Clifford M. Gross, Ph.D.               [e-mail] 
  Allenby Capital Limited (AIM 
   Nominated Adviser & Joint Broker)     [phone] 
 Jeremy Porter / Alex Brearley 
 
 Dowgate Capital Stockbrokers 
  (Joint Broker)                        [phone] 
 David Poutney / James Serjeant 
 
 Walbrook PR Ltd                        [phone] 
 Paul Cornelius / Helen Cresswell       [e-mail] 
  / Sam Allen 
 

Tekcapital plc - The World's Largest University Network for Open Innovation

Tekcapital's objective is to create value from investing in new, university-developed intellectual properties (IP). With its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital makes it easy to find and acquire the new IP needed to create a competitive advantage. Our IP services include invention discovery reports, search tools, analytics and IP professional recruitment to help universities and companies create value from new discoveries. Tekcapital plc is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the UK. For more information, please visit www.tekcapital.com

LEI: 213800GOJTOV19FIFZ85

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May 31, 2017 02:00 ET (06:00 GMT)