Tekcapital’s Guident has received a grant from Space Florida to develop remote monitoring and control for autonomous vehicles facilitated by low-orbit satellites.
Tekcapital’s shares jumped over 5% in early trade on Friday after the announcement.
The grant has been made as a part of the Florida-Israel Innovation Partnership program and will bring together Space Florida, Guident and their Israeli partner, NOVELSAT.
NOVELSAT and Guident are working to improve the connectivity and speed of Guident’s remote monitoring and control centres by utilising satellites.
The grant pays testament to Guident’s innovative approach and demonstrates the commercial opportunity in the future of autonomous vehicle safety.
“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.
Guident’s technology is focused on improving the safety of autonomous and has won major contracts, including one with the Jacksonville Transport Authority.
Space Florida’s grant will allow Guident to improve its offering and broaden the scope for commercial agreements.
“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 safety, together with our Israeli Partner NOVELSAT.”