Tekcapital shares were trading at the highest level since May 2023 on Thursday after two of the technology group’s portfolio companies announced commercial progress.
The Tekcapital share price had gained 7% to 15p in early trade on Thursday after MicroSalt and Guident announced key commercial progress.
MicroSalt has inked a strategic partnership with American Trading International (ATI) that has the potential to make the company’s consumer products available in 80 countries globally. ATI is a leading US export company assisting with the international distribution of brands including Nestle, Sun-Maid, and Dunkin Doughnuts.
“With a heavy focus on better-for-you US foods and beverages, we are thrilled to welcome MicroSalt® into our selective product portfolio. Their undeniable health benefits directly address global concerns about excessive sodium, aligning with various countries’ initiatives to enforce lower sodium levels in the food industry, and live a healthy, balanced, lifestyle,” said Seth Merrick Wilen, President & CEO at ATI.
Tekcapital has a portfolio of four technology companies with the potential to help the lives of a great many people. Alongside MicroSalt’s update on Thursday, Guident also updated investors on recent progress, specifically the expansion of its strategic partnership with AuVe Tech OÜ.
Guident will integrate its remote monitoring and support services for autonomous vehicles with MiCa, a compact level 4 self-driving shuttle from Auve Tech.
Auve Tech will harness Guident’s teleoperation technology and leading connectivity to enhance the safety of their MiCa shuttles. Guident will receive fees for outfitting each MiCa vehicle and a recurring licensing fee.
“Since establishing our strategic partnership, we have been thrilled to collaborate with the Auve Tech team on several projects. We believe that the combination of our advanced teleoperation technology with the innovative MiCa autonomous shuttle represents a significant leap forward in advancing safety, reliability, and autonomous driving capabilities across diverse weather and traffic conditions,” said Harald Braun, Executive Chairman and CEO at Guident.