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Space Florida Awards Grant to Guident and NOVELSAT
Space Florida Awards Grant to Guident and NOVELSAT.
About this update from Tekcapital Plc
[{"type":"text","content":"\n\n-----\n16 June 2023 \n \nTekcapital Plc\n(\"Tekcapital\", the \"Company\" or the \"Group\")\nPortfolio Company Update\nSpace Florida Awards Grant to Guident and NOVELSAT\nfor Satellite-based, Remote Monitoring and Control Solution for Autonomous 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 been awarded funding from Space Florida for a groundbreaking project under the Florida-Israel Innovation Partnership program, together with its valued Israeli partner, NOVELSAT.\n \nThe grant being awarded is for the purpose of developing a safer Remote Monitoring and Control Center (RMCC) for the monitoring, management, and backup control of terrestrial autonomous vehicles, with the assistance of satellite communications. This innovative approach is aimed at providing redundant, continuous monitoring of autonomous vehicles. Additionally, space communications provide a mobile network connectivity alternative in areas with low signal or no terrestrial mobile wireless network coverage.\n\"Through this extraordinary collaborative partnership, Space Florida is at the forefront of welding cutting-edge innovation with the boundless knowledge derived from scientific exploration. It thereby forges a path that shapes the very essence of the future of autonomous mobility,\" stated Tony Gannon, Vice President of Research & Innovation for Space Florida.\n \nScheduled to commence in early July 2023, the joint project brings together the collective expertise, resources, and vision of Space Florida, Guident Corp, and NOVELSAT. Each organization's unique strengths will synergistically contribute to developing pioneering safety solutions for ground-based autonomous vehicles using satellite communications.\n \n\"Guident is privileged to have the invaluable support and guidance of Space Florida with their unrivaled experience and strategic location for this new initiative,\" stated Dr. Gabriel Castaneda, Guident's Vice President for AI and Research. \"This funding will help propel us forward as we embark on the development and scale of an effective Remote Monitoring and Control Solution with enhanced vehicle...