Tekcapital plc Acquisition of New Gesture Recognition Technology (6250G)
May 31 2017 - 1:00AM
UK Regulatory
TIDMTEK
RNS Number : 6250G
Tekcapital plc
31 May 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service ("RIS"), this inside information is now considered to be in
the public domain.
31 May 2017
Tekcapital plc
("Tekcapital" or the "Company")
Acquisition of New Gesture Recognition Technology
Tekcapital plc (AIM: TEK), an international provider of
technology and intellectual property investment services, announces
that it has acquired the worldwide exclusive license to a software
program and patent application for enhanced gesture recognition for
computing devices, which has the potential to enhance the accuracy
of the detection of gesture and character inputs across a wide
range of mobile and desktop devices.
Recognizing gesture inputs on a computing device is a challenge
that can be approached with different methods. With this software,
when a touch-sensitive device is provided with 2D input drawn with
a stylus or made with a finger, synthetic data is produced by a new
method called Gesture Path Stochastic Resampling. This efficient
software algorithm requires minimal coding to implement and rapidly
decodes analog gesture input. With this new technology the
directors of Tekcapital believe it is possible to improve the
accuracy and the speed of gesture recognizers, as the technology is
fast, versatile, language independent, and is compatible with
existing recognition systems on any device.
This patent pending software algorithm, was recently developed
by researchers at the University of Central Florida. A description
of how the technology works in addition to typical applications and
benefits can be found here:
http://www.rns-pdf.londonstockexchange.com/rns/6250G_-2017-5-30.pdf
Commenting on the license acquisition, Dr. Clifford M. Gross,
Executive Chairman of Tekcapital, said; "We are excited to have
acquired the exclusive rights to this novel software technology
aimed at improving the accurate detection of gesture inputs for
mobile devices, tablets and desktop computers. Our goal is to
license the technology to a leading device manufacturer or software
company."
For further information, please contact:
Tekcapital Plc
Clifford M. Gross, Ph.D. info@tekcapital.com
Allenby Capital Limited (AIM
Nominated Adviser & Joint Broker) +44 (0) 20 3328 5656
Jeremy Porter / Alex Brearley
Dowgate Capital Stockbrokers
(Joint Broker) +44 (0) 1293 517744
David Poutney / James Serjeant
Walbrook PR Ltd +44 (0) 20 7933 8780
Paul Cornelius / Helen Cresswell tekcapital@walbrookpr.com
/ Sam Allen
Tekcapital plc - The World's Largest University Network for Open
Innovation
Tekcapital's objective is to create value from investing in new,
university-developed intellectual properties (IP). With its
proprietary discovery search engine, linked to 4,500+ universities
in 160 countries, coupled with expert scientific review, Tekcapital
makes it easy to find and acquire the new IP needed to create a
competitive advantage. Our IP services include invention discovery
reports, search tools, analytics and IP professional recruitment to
help universities and companies create value from new discoveries.
Tekcapital plc is quoted on the AIM market of the London Stock
Exchange (AIM: symbol TEK) and is headquartered in Oxford, in the
UK. For more information, please visit www.tekcapital.com
LEI: 213800GOJTOV19FIFZ85
This information is provided by RNS
The company news service from the London Stock Exchange
END
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