Tekcapital : Florida Legislature Approves Autonomous Vehicles and Their Control Via Apps

Florida Legislature Approves the Operation of Autonomous Vehicles and their Control with Software Apps

Florida State Legislature approves new bill to enable operation of autonomous vehicles statewide, and control thereof with mobile apps.

LONDON, UK, & MIAMI, FL, May 3, 2019 /EINPresswire.com/ -- Guident Ltd., the developer of software apps for autonomous vehicles and drones, is pleased to announce that on May 1st, 2019 the Florida Legislatureunanimously passed a bill legalizing the use of self-driving cars statewide.(1) The bill also stipulates that Florida residents will be allowed to interact with self-driving cars through smartphone apps. The bill legalizes autonomous vehicles (AV's) as well as on-demand AV networks, which are services that use a software application or other digital means to connect passengers to fully autonomous vehicles.

Guident - Autonomous Intelligence

Guident Ltd. welcomes this visionary decision. With this bill, Florida has made a tremendous step forward in enabling the market for autonomous vehicles..."

Harald Braun, Chairman

Harald Braun, Guident's Chairman said, "Guident Ltd. welcomes this visionary decision. With this bill, Florida has made a tremendous step forward in enabling the market for autonomous vehicles and their control by mobile devices. This is consistent with the mission of Guident and its intellectual property." He detailed further: "One of the main criterion for market success of AV's as defined by the "Autonomous Vehicle Readiness Index,"(2) is governments' willingness to regulate and support AV development. Today's bill clearly shows a commitment by the state ofFlorida to the AV vehicle and mobility market, and the opportunities it provides for on-demand services."

The autonomous vehicle market is expected to reach US $65.3 billion by 2027.(3)

About Guident Ltd.

Guident commercialises new technology to enhance the utility, safety and enjoyment of autonomous vehicles and drones. Using its proprietary IP, Guident is developing Apps that enable users of AV's to dispatch their vehicles to join ridesharing fleets, find available parking spots and charging stations, report accidents and other useful applications. Guident is a portfolio company of UK IP investment firmTekcapital plc. To learn more please visitwww.guident.co.

References:

1https://www.miaminewtimes.com/news/florida-legislature-passes-bill-legalizing-self-driving-uber-cars-11161818 2 2019 Autonomous Vehicles Readiness Index, KPMG Internationalhttps://home.kpmg/xx/en/home/insights/2019/02/2019-autonomous-vehicles-readiness-index.html 3https://www.marketwatch.com/press-release/autonomous-vehicles-market-size-industry-growth-share-opportunities-emerging-technologies-competitive-landscape-future-plans-and-global-trends-by-forecast-2023-2018-07-31

This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Guident that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Guident's management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Guident may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Guident neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments, which differ from those anticipated.

Harald Braun

Guident Ltd.

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