Portfolio Company Update - Guident Corp

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 appointed Michael Tessler to its Board of Directors effective immediately.

• Tessler brings over three decades of leadership experience in the technology and communications sectors. As the former CEO of BroadSoft, Michael Tessler grew the company from its inception to become a global leader in Unified Communications as a Service, with over 2,000 employees serving customers in more than 80 countries, culminating in its acquisition by Cisco Systems for $1.9 billion. Guident believes that his deep expertise in scaling technology businesses and driving innovation will be invaluable as Guident accelerates its growth in the rapidly evolving autonomous mobility market.

Harald Braun, Chairman & CEO of Guident, stated:

"We are honoured to welcome Michael Tessler to Guident's Board of Directors," said Harald Braun, Chairman and CEO of Guident. "Michael's established track record in building high-growth technology companies and his visionary leadership will be pivotal as we continue to expand our solutions for safe and reliable remote monitoring and teleoperation of autonomous vehicles."

Michael Tessler, stated:

"I am excited to join Guident's Board at such a transformative time for the AV industry. Guident's groundbreaking technology has the potential to redefine safety and reliability in autonomous transportation. I look forward to working with the Board and management team to help guide the company's strategic direction and growth."

About Guident

Clifford M. Gross, Ph.D.

Tim Thompson/Andrea Seymour/Fergus Mellon

General Risk Factors and Forward-Looking Statements from Guident