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Additional Information

Market:	AIM
Sector:	Technology
EPIC:	SEE
Latest Price:	2.38 (0.00%)
52-week High:	3.88
52-week Low:	1.88
Market Cap:	9.82M

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Seeing Machines Full Seeing Machines profile here

Seeing Machines (LON: SEE) is an award winning technology company with a focus on vision based human machine interfaces. Seeing Machines technology platform is based on world-leading computer vision processing technologies that allow machines to see and track human faces and certain facial features. These technologies enable the development of new cutting edge products and applications, ranging from devices that improve road safety & save lives, to those that help manage eye disease and prevent loss of eyesight.

The company’s focus is on deploying its computer vision technologies, worldwide, in:

Driver/operator safety products for transport markets through the DSS product range;
The TrueField Analyzer® (TFA) product for vision testing devices for healthcare markets;
New products in a range of markets including sports, entertainment, robotics and security through our faceAPI product; and
Human performance measurement through our faceLAB® product.

Seeing Machines launches new version of DSS fatigue monitoring system, shares rise

Tuesday, January 31, 2012 by Andre Lamberti

Facial recognition technology specialist Seeing Machines (LON:SEE) announced the launch of the latest version of its Driver State System (DSS) product, which incorporates improvements based on extensive testing and field trials with customers.

The news lifted the stock and by 8.25 am, it was trading 9.5 per cent higher at 2.88 pence.

DSS Version 3.0 builds on the success of the existing DSS product, which has become the accepted standard in the area of fatigue detection and management for mine vehicle operators, the group said in a statement.

The hardware platform of DSS Version 3.0 is considerably more ruggedised than previous versions and has been developed based on results from testing and trials conducted in partnership with global mining companies during the past year.

The new product is designed specifically to meet the demands of harsh environments such as mining and Seeing Machines believes any prior issues relating to hardware reliability have been overcome.

The company expects to experience an expansion in roll-outs within existing customer operations and faster uptake of the product from the growing pipeline of potential customers.

Chief executive Ken Kroeger said: “The timing of the product launch could not be better with increasing interest in our DSS offering from the mining community and a number of potential fleet-wide roll outs in the pipeline. This product will allow us to move forward in confidence, focusing our efforts on exploiting these new opportunities rather than reacting to existing issues."

In a separate statement today, Seeing Machines announced the launch of a new service in response to the mining industry's requirement to reduce the impact of fatigue on operations.

The group’s Fatigue Consulting Services will see a team of experienced consultants advice customers on ways to improve their mining operations by tackling fatigue, it said.

The team has already commenced working with existing DSS customers.

“Our goal is to demonstrate how managing fatigue will result in improved production, decreased costs and better health and safety. We are confident that this more comprehensive offering will help to improve awareness of the need for fatigue management and ultimately help to drive sales of our products in this arena," the CEO added.

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