Business
Guident Update
Guident Update.
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n-----\n6 September 2023 \n \nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or the \"Group\")\nPortfolio Company Update\nGuident ltd forms new subsidiary to commercialise regenerative shock absorbers\n \nTekcapital 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 announce that Guident ltd has established a new subsidiary to facilitate the commercialisation of their regenerative shock absorbers (RSA). The subsidiary will contain Guident's RSA intellectual capital including patents, licenses, industrial designs, proprietary data, know-how and relevant team members.\n \nAs previously announced, Guident secured a paid proof of concept agreement with a tier-1 OEM. This collaboration resulted in successful tests and detailed reports for Guident's regenerative shock absorber. Guident's technology enables regenerative shock absorbers with high energy densities that can recover a vehicle's vibration energy, otherwise lost as heat, due to road irregularities, vehicle accelerations, and braking.\n \nHarald Braun, CEO & Chairman of Guident commented:\n \n\"In light of our recent successes in collaboration with various independent test authorities, we are thrilled to announce the integration of RSA technology into a new dedicated subsidiary named ReVive Energy Solutions, ltd. This strategic move allows us to sharpen our focus on a precision-targeted go-to-market strategy for this what we believe is a revolutionary product. Most commercially available electric vehicles have regenerative braking. We believe that in the near future, most commercial electric vehicles will also have regenerative shock absorbers. This could extend the range between charges and provide power to active suspension to improve ride characteristics and comfort. Our commitment to innovation and sustainability drives us forward, and we believe this marks a significant milestone in our mission to reshape the future of EV technology.\"\n \nThe Market\nThe Edison Electric Institute (EEI) Projects 26.4 million electric vehicles will be on U.S. roads in 2030.[1]\nAccording to the International Energy Agency (IEA), worldwide, 350 million electric vehicles are projected to be on the road by 2030.[2]\...