Tekcapital plc Guident Ltd Appoints Director (5694J)

TIDMTEK

RNS Number : 5694J

Tekcapital plc

06 December 2018

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.

6(th) December 2018

Tekcapital plc

("Tekcapital" or the "Company")

Guident Ltd Appoints Director

Tekcapital plc (AIM: TEK), the UK intellectual property (IP) investment group focused on creating marketplace value from university technology, announces that its wholly owned portfolio company Guident Ltd ("Guident") has appointed Johan De Nysschen as a director.

Mr. De Nysschen has served as senior executive of several leading automotive companies, including Executive Vice President of General Motors and President of the Cadillac Motor Division, President of Infiniti Motor Company Ltd, President of Audi of America Inc, and President of Audi Japan, amongst other positions. Johan has proven his capabilities as a global manager and visionary leader in the automotive industry.

Johan earned an MBA from the University of Pretoria and a Bachelors in economics from Nelson Mandela University.

"Autonomous vehicles are poised to disrupt and transform the automotive industry. I believe they have the potential to democratize driving, improve safety, create a new asset class and increase the fun and utility of vehicle ownership. New players will emerge and some will evolve into industry leaders. I'm looking forward to contributing to the growth and success of Guident," said, Johan De Nysschen.

Dr. Clifford Gross, Chairman at Tekcapital commented: "We are delighted that Guident has appointed Johan De Nysschen as a director. He is one of the world's most successful and experienced automotive executives and we are confident he will make a significant contribution to the commercialization of Guident's patented autonomous vehicle software technology." According to Market Research Future(1) the autonomous vehicle market is expected to reach US $65.3 billion by 2027."

About Guident, Ltd.

Guident was established by Tekcapital to commercialise new technology to enhance the utility, safety and enjoyment of autonomous vehicles and drones. It has exclusively licensed U.S. Patent # 9,429,943 from Florida Agricultural and Mechanical University. This patented technology has the potential to enable the development of software apps for controlling autonomous vehicles such as cars, trucks and drones using artificial intelligence. As an example, with this new technology, the directors of Tekcapital believe that it is possible to develop apps that allow users of autonomous vehicles to dispatch their vehicles to join ride sharing pools or identify available parking spots, and later retrieve their vehicles when they are ready to go on to their next destination.

For further information, please contact:

 
 Tekcapital plc                                       Via Walbrook PR 
  Clifford M Gross, Ph.D. 
 finnCap Ltd (Nominated Adviser 
  and Joint Broker)                             + 44 (0) 20 7220 0500 
 Geoff Nash / Max Bullen-Smith (Corporate 
  Finance) 
 Camille Gochez/Alice Lane (ECM) 
 Novum Securities Limited (Joint 
  Broker)                                        [phone] 
 Colin Rowbury (Corporate Broking) 
 Walbrook PR Ltd                                 [phone] 
 Paul Cornelius / Sam Allen / Nick          [e-mail] 
  Rome 
 

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. Additionally, using its proprietary discovery search engine, linked to 4,500+ universities in 160 countries, coupled with expert scientific review, Tekcapital provides a range of IP investment services to make it easy for organisations to find, evaluate, acquire and license university-developed technology. 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

Reference

(1) https://www.marketwatch.com/press-release/autonomous-vehicles-market-size-industry-growth-share-opportunities-emerging-technologies-competitive-landscape-future-plans-and-global-trends-by-forecast-2023-2018-07-31

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December 06, 2018 02:00 ET (07:00 GMT)