Portfolio Company Update - Guident Corp

Guident Expands Patent Portfolio with AI-Powered Remote Monitoring & Control Software for Enhanced Autonomous Vehicle Safety

Tekcapital Plc (AIM: TEK) the UK intellectual property investment group focused on creating valuable products that can improve people's lives, is pleased to announce that its portfolio company Guident Corp. ("Guident") has recently received a Notice of Allowance for its South Korean patent application (No. 10-2022-7034516), entitled "Artificial Intelligence Method and Apparatus for Remote Monitoring and Control of Autonomous Vehicles."

Guident has also received a Notice of Allowance for a corresponding U.S. patent application (No. 17/909,432) under the same title. These patents are anticipated to be granted following payment of applicable issuance and maintenance fees.

Guident's distributed sensor fusion and artificial intelligence network configuration

The allowed patent applications are directed to an autonomous vehicle remote monitor and control centre (RMCC), employing distributed sensor fusion and artificial intelligence techniques that are configured to receive sensor data across multiple independently governed autonomous vehicles, including sensor data from vehicles not operating under RMCC control. With this sensor data, Guident can evaluate the incident risk level and take control of one or more autonomous vehicles if it detects that it is operating at an unsafe risk level. It can then implement safety measures and return control when the vehicle is operating safely.

These developments add to Guident's growing international patent portfolio in this technology area, which already includes granted or validated patents in the U.S., Japan, South Korea, Hong Kong, Canada and 20 European Union countries, including Austria, Belgium, Bulgaria, Denmark, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Romania, Slovenia, and Sweden.

Harald Braun, Chairman & CEO of Guident, stated:

"At Guident, every new patent is more than a milestone, it's a testament to our commitment to safer and smarter autonomous mobility. Our innovations are driven by a vision where autonomous vehicles and advanced AI work together to protect and empower communities across the globe

About Guident

Clifford M. Gross, Ph.D.

Tim Thompson/Andrea Seymour/Fergus Mellon

General Risk Factors and Forward-Looking Statements