LONDON, UK: TP Group (AIM: TPG), announced that, following the strategic review of the Group’s consulting and software capabilities in relation to its wider strategy as announced on 1 November 2021, the Board has agreed to sell its Northstar autonomous navigation software to QinetiQ Limited a subsidiary of QinetiQ Group PLC for a cash consideration of c£0.6m.
The disposal will result in the Northstar software, and its development team, being transferred to QinetiQ effective 1st April 2022.
Northstar autonomous navigation software is being developed for an innovative solution involving an amphibious unmanned ground vehicle (UGV) that aims to help personnel advance safely and stealthily through difficult terrain.
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