Home » Posts tagged 'stocks and shares'
Tag Archives: stocks and shares
#TEK Tekcapital Plc – Portfolio Company Update – Guident
Tekcapital Plc (AIM: TEK, the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people’s lives, is pleased to provide a comprehensive snapshot of Guident Ltd’s (“Guident”) significant achievements over the past year.
Elevating Core Solution Portfolio
Remote Monitor and Control Centre (RMCC) Enhancements
Guident is upgrading its Remote Monitor and Control Centre with an enhanced user interface, resilient fault tolerance upgrades and an innovative steering wheel integration with practical features. Guident’s consistent advancement aligns with monthly milestones, positioning it well for a customer acceptance test scheduled for early fall 2023 with its first major customer Jacksonville Transportation Authority (“JTA”), followed by its inaugural commercial deployment at the Boca Raton Innovation Campus (BRiC). This marks the transition from the proof-of-concept phase to commercial deployment.
Guident’s HQ will move to BRiC and deploy the RMCC with the best-in-class video wall displays and a visualization system for the RMCC dashboards. The image below shows the RMCC rendering with three Remote-Control Operator (RCO) stations.
AI Patent for Real-time Monitor and Control
In June 2023, Guident achieved a milestone by receiving notice of allowance from the United States Patent and Trademark Office related to its patent for AI methods and systems that facilitate near real-time, intelligent remote monitor and control of autonomous vehicles, robots, and drones. This achievement amplifies Guident’s patent portfolio, which now boasts 9 patents, reinforcing its commitment to ensuring the safety and security of autonomous operations.
The Regenerative Shock Absorber
In a significant leap, Guident secured a paid proof of concept agreement with a tier-1 tire manufacturer. This collaboration resulted in successful tests and detailed reports for the regenerative shock absorber. This technology aims to manufacture electromagnetic regenerative shock absorbers with high energy densities that can recover a vehicle’s vibration energy, otherwise lost due to road irregularities, vehicle accelerations, and braking.
Expansive Customer Engagements
Guident remains committed to its collaborative efforts with the Boca Raton Innovation Campus, progressing with constructing Guident’s headquarters at BRiC and advancing with the autonomous shuttle service on campus. This venture solidifies Guident’s presence as a key player in the autonomous vehicle ecosystem in the U.S.
Guident’s partnership with the Jacksonville Transportation Authority (JTA), the largest transportation authority in the U.S., is thriving, evidenced by a monthly recurring purchase of its teleoperation software solution. Guident is executing a successful integration for JTA with one of their AVs at the Armsdale Test and Learn Center.
The sales pipeline has experienced remarkable growth over the past year, adapting a direct and indirect sales approach, opening a wealth of exciting opportunities for Guident in the immediate future.
Space Florida Grant Award
Guident and Novelsat, a global leader in content connectivity, partnered earlier this year to develop an innovative always-on, ubiquitous remote monitor and control solution for autonomous vehicles and devices. Guident has been awarded funding for this project under the Florida-Israel Innovation Partnership program by Space Florida. The grant is awarded to develop a safer RMCC for monitoring, management, and backup control of terrestrial autonomous vehicles with satellite communications.
Strategic Collaborations Drive Growth
In the past year, a critical strategic emphasis was fostering partnerships with autonomous vehicle (AV) manufacturers and impactful ecosystem allies. The focus on this topic has significantly increased Guident’s patent portfolio, evolving it from a local to a global presence. Leveraging diverse AV fleets for promising projects has increased new sales opportunities and demonstrated remarkable sales potential.
One outstanding partnership was with Auve Tech, a prominent autonomous vehicle system provider from Estonia, catering to a client base across Europe and Japan. On March 15, 2023, Guident signed a strategic partnership agreement with Auve Tech with the shared objective of revolutionizing autonomous vehicle solutions. This collaboration is focussed around Auve’s MiCa autonomous shuttles, which Auve believe are poised to redefine local mobility solutions.
Leadership Engagements and Industry Presence
Showcasing Guident’s Vision
Guident’s dedicated team participated in six high-profile industry networking events and podcasts, including Move America Austin, CES Las Vegas, Mobile World Congress Barcelona, CoMotion Miami, Autonomous Vehicle Day Jacksonville, and the American Council of the Blind Sunday Edition podcast.
Guident’s CEO engaged in meaningful discussions on AV safety, accessibility, and societal impact during the American Council of the Blind Sunday Edition Podcast-Guident’s nurturing relationships with disability community organizations to create impactful AV mobility solutions.
Guident’s exhibition at the CoMotion industry event in Miami, and the Autonomous Vehicle Day in Jacksonville, underscored technology demonstration and industry engagement.
National U.S. Autonomous Vehicle Day
Guident’s National Autonomous Vehicle Day events have gained remarkable traction. In 2022, Guident demonstrated leadership by hosting the National U.S. Autonomous Vehicle Day (#AVDay) on May 31st. The event, held at BRiC in Boca Raton, Florida, not only celebrated technological advancements but also paved the way for implementing autonomous vehicle technology. This year marked the second installment of the event. The 2023 AV Day was even more impressive, combining in-person attendance with live streaming. Collaborating with the Jacksonville Transportation Authority as co-hosts, the event was at the Armsdale Test and Learn Center in Jacksonville, Florida. The AV Day 2023 event brought together 259 industry attendees. Central to the event’s success was the dedicated AV Day LinkedIn profile, engaging audiences and channelling traffic to the official website, AutonomousVehicleDay.com. The event received support from 11 sponsors and featured ten technology demonstrators and nine speakers.
The Market
According to Triton Market Research “the last mile AV autonomous vehicle delivery market is expected to reach US$41.7 billion by 2028 with a CAGR of 19%. Contactless or “touch-free” delivery is in high demand since the COVID-19 pandemic, and Guident believes this increased demand will accelerate the roll-out of land-based delivery drones for pedestrians, food and medicines to improve their availability and reduce the costs of these deliveries.
About Guident
Guident commercializes patented technology to enable safer autonomous vehicles and devices by providing industry-leading AV remote monitoring, control, assistance, and passenger support services. To learn more, please visit www.guident.com.
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people’s lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visitwww.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Tekcapital owns 100% of the share capital of Guident Ltd. Guident Ltd. owns approximately 91% of Guident Corp., its US subsidiary.
For further information, please contact:
Tekcapital Plc |
Via Flagstaff |
|
Clifford M. Gross, Ph.D. |
||
SP Angel Corporate Finance LLP Nominated Adviser and Broker |
+44 (0) 20 3470 0470 |
|
Richard Morrison/Charlie Bouverat (Corporate Finance) Abigail Wayne / Rob Rees (Corporate Broking) |
||
Flagstaff Strategic and Investor Communications |
|
+44 (0) 20 7129 1474 |
Tim Thompson/Andrea Seymour/Fergus Mellon
Vox Markets Podcast – CEO Alan Green talks about: Sovereign Metals #SVML, Smart Metering Systems #SMS , ECR Minerals #ECR & WINIT365
Alan Green, our CEO talks about the following companies:
WINIT365 – the gaming software provider and developer of the world’s first online, multi- player multi-platform Mahjong game, is pleased to announce that it is seeking to list on the UK Aquis Exchange.
Listen here: https://www.voxmarkets.co.uk/articles/alan-green-talks-about-sovereign-metals-smart-metering-systems-ecr-minerals-winit365-32e6d76
Vox Markets Podcast – Our CEO Alan Green discusses #GMET, #MOON & #TM1
Welcome to taking stock on…on Monday 3th July 2023
Featuring Alan Green on…
Golden Metal Resources #GMET
Moonpig #MOON
Technology Minerals #TM1
Kavango Resources Plc #KAV – Holding(s) in Company
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00BF0VMV24
Issuer Name
KAVANGO RESOURCES PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
Purebond Limited
City of registered office (if applicable)
Wembley
Country of registered office (if applicable)
England
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
28-Jun-2023
6. Date on which Issuer notified
28-Jun-2023
7. Total positions of person(s) subject to the notification obligation
. |
% of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
Resulting situation on the date on which threshold was crossed or reached |
26.609291 |
0.000000 |
26.609291 |
225000000 |
Position of previous notification (if applicable) |
12.047009 |
0.000000 |
12.047009 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
GB00BF0VMV24 |
225000000 |
0 |
26.609291 |
0.000000 |
Sub Total 8.A |
225000000 |
26.609291% |
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
|
||||
Sub Total 8.B1 |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
|
|||||
Sub Total 8.B2 |
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
Solai Holdings Limited |
Purebond Limited |
26.609291 |
26.609291% |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
(1) Purebond Limited is a 100% Subsidiary of Solai Holdings Limited.
(2) 3 Named Directors of Solai Holdings Limited off which 2 are also Directors of Purebond Limited are also Trustees of Solai Pension Scheme which has 0.118264% (1,000,000 Shares) Voting Rights in Kavango Plc.
12. Date of Completion
29-Jun-2023
13. Place Of Completion
London
Ian Pollard: ABF – A Headline A Day
Associated British Foods ABF Yesterdays headline trumpeted that Primark blamed three periods of unseasonable weather for sales sliding by 2.1% over the year to the 15th September. But today a new day has dawned and brought with it new headlines as the media stands on its head and proclaims that today’s truth is that Primark has in fact delivered a strong performance with sales rising by 1%. Like for like sales in the UK rose by 1.2% where its share of the clothing market grew significantly. Despite suffering in Europe where sales were weak and fell by 4.7%, total sales including those from fifteen new stores in nine countries, grew by 5%
Perhaps George Weston the CEO got it right when he calmly headlined that it had been another year of progress, with strong profits, not only from Primark but from each of its other world beating divisions, grocery, agriculture and ingredients, with only sugar letting the side down. Adjusted profit before tax rose by 5% and earnings per share by 6% whilst the final dividend is increased by a healthy 10% in line with the promises of a strong profit performance made in Septembers update.
Beachfront Houses & Apartments For Sale in Greece http://www.hiddengreece.net
Ian Pollard: JD Sports #JD – More Records
JD Sports Fashion JD delivered another record result with profit before tax for the 26 weeks ended 4 August 2018 increasing by a further 19%.and revenue up by 35% despite reports of market conditions continuing to be challenging. Like for like revenue rose by 3% and basic earnings per share by 24%.The interim dividend is to be increased by 4%.
Ashtead Group AHT delivered a strong first quarter and with the added help of weaker sterling, anticipates that full year results will be ahead of expectations. On a statutory basis revenue for the quarter to the end of July rose by 22% and profit before tax by 23%. Earnings per share were up by 44% and profit a. fter tax by 44%.
Hilton Food Group HFG achieved strong volume and profit growth during the twenty eight weeks to the 15th July and the interim dividend is to be increased by 12% to 5.6p per share.Turnover for the half year was up by 24.5% on a constant currency basis, basic earnings per share rose by 10.4% and profit before tax was up by 20.3%.
Surgical Innovations SUN delivered growth in revenue and profit in the first half of the year despite what it describes as significant headwinds in the market and regulatory environment. Revenue for the six months to the 30th June. were up by 52.4% albeit primarily due to the acquisition of Elemental Healthcare. On an adjusted basis EBITDA rose by 13.3% and operating profit by 35.5%.The Chairman concludes that the the group has now emerged from a challenging period with improved financial results and a strong balance sheet.
Team17Group plc TM17 Celebrates its maiden interim results with a record first half performance which saw revenue rise by 48%. On an adjusted basis earnings per share more than tripled from 0.56p. per share to 1.93p and EBITDA rose by 36%.Performance for the full year will as in previous years be weighted towards the second half. Revenue growth in the second half will be driven by new product launches and continued growth in the business.
Forget Brexit; Get A Greek Residence Permit Valid For The EU http://www.hiddengreece.net