Business
Guident Secures New Patent
Guident Secures New Patent.
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n-----\n14 June 2023 \n \nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or the \"Group\")\nPortfolio Company Update\nGuident Secures New Patent with Advanced Methods\n for Remote Monitoring of Vehicles\n \nTekcapital Plc (AIM: TEK), (OTCQB: TEKCF), the UK intellectual property investment group focused on transforming university technologies into valuable products that can improve people's lives, is pleased to announce that Guident Ltd. (\"Guident\") has received a Notice of Allowance from the United States Patent and Trademark Office related to its patent application \"Systems and Methods for Remote Monitoring of a Vehicle, Robot or Drone.\"\n \nGuident's patent award reinforces its DNA of innovation, it also significantly expands its patent portfolio in the secure and safe operation of autonomous vehicles with the human-in-the-loop concept.\nThis new patent teaches the architecture and methods for near real-time, intelligent monitoring and controlling autonomous vehicles (AVs) and delivery devices fleets. The teleoperation architecture includes a novel in-vehicle intelligent monitoring and controlling device that predicts, detects, and reports incidents to a Remote Monitor and Control Center (RMCC) and provides real-time assistance services to passengers. A human-in-the-loop supervises the AI applications in this novel architecture, enhancing the safety of autonomous vehicles, robots, and drones.\n\"We are thrilled to unveil this remarkable addition to our intellectual property portfolio. This patent not only represents our commitment to passenger safety and assistance services but also signifies a significant leap forward in efficient autonomous vehicle fleet operations,\" stated Dr. Gabriel Castaneda, Guident's Vice President for AI and Research.\nThe Market\nAccording to Triton Market Research \"the last mile AV autonomous vehicle delivery market is expected to reach $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.\n\n \nAbout Guident \nGuident commercializes new technology to enhance the safet...