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Market:	LSE ASX JSE NYSE
Sector:	General Mining
EPIC:	BLT
Latest Price:	2,139.50 (-1.86% )
52-week High:	2,631.50
52-week Low:	1,667.00
Market Cap:	45,187.80M

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BHP Billiton

BHP Billiton (ASX: BHP) is a global leader in the resources industry, with a diversified portfolio of natural resources. The company's operations include: iron ore, coking and thermal coal, copper, zinc, oil & gas and diamonds.

Seeing Machines shares soar on news of DSS order from BHP Billiton

Wednesday, March 17, 2010

Seeing Machines (AIM: SEE) landed its biggest contract to date for its DSS product suite in the mining sector, agreeing to supply it to BHP Billiton (LSE: BLT, ASX: BHP) subsidiaries BHP Navajo Coal Company and San Juan Coal Company, which are part of BHP’s Energy Coal business unit.

Shares in the company rallied 25% in early London deals on the announcement.

The contract covers the fit-out of the entire haul truck fleet, a number of ancillary vehicles and ongoing support services at the Navajo mine in New Mexico, with the installation expected to be completed next month.

Seeing Machines and BHP Billiton Energy Coal are also engaged in talks over further DSS deployments across other mines within the business unit.

The DSS is a system that directly monitors the driver of a vehicle for distraction and fatigue events and provides a series of interventions aimed at managing these events and averting potential disasters.

“We are very pleased to be working with BHP Billiton on such a significant contract for Seeing Machines. The operational conditions for drivers in the mining industry are very demanding and the DSS provides a proven technology option for mine site operators to use in their efforts to minimize both the direct costs of accidents and those knock-on effects of interrupted production. We believe this deal with BHP Billiton, and other recent announcements are indicative of the huge potential growth opportunities for our DSS business in the mining sector,” said Chief Executive of Seeing Machines Nick Cerneaz.

Daniel Stewart & Co (DS&C) said that the deal served as evidence that Seeing Machines’ profile is rising rapidly amongst major mining companies and that it warranted a review of the potential contribution to earnings and related valuation.

Edison Investment Research said the deal, along with the previously announced Freeport McMoRan contract, is an indication of the compelling proposition for the product in the niche mining industry end-market. The independent researcher stated that the mining industry deals will have a significant impact for SM and it will review the forecasts along with the company’s interim results, which are expected to be announced next week.

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