Company
Seeing Machines Ltd
LON:SEE
Seeing Machines, a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. The company's technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators.
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Hardware & electrical equipment
Seeing Machines reveals the scale of uptake for its driver monitoring technology
“Our technology is well entrenched as market-leading,” said Seeing Machines chief executive Paul McGlone
Hardware & electrical equipment
Seeing Machines hires new chief financial officer
Martin Ive joins from Australian software group Altium
FIVE at FIVE: FTSE 100 boosted by US inflation, Bitcoin crisis; Seeing Machines a 'unicorn'; British Gas owner guidance lift
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news
Hardware & electrical equipment
Seeing Machines deserving of a unicorn valuation, says London broker
Cenkos repeated its 'buy' recommendation a 24.3p price target
Hardware & electrical equipment
Seeing Machines eyes 'step-change' in market share and opportunity in coming years
In the Automotive business, the safety technology company is working through a new wave of requests for quotes from carmakers in Europe, North America and Asia
Seeing Machines: Magna deal demonstrates 'great value' of its technology, says broker
Cenkos raised its price target to 25p from 20p a share on the back of the deal - a significant premium to the current valuation
Hardware & electrical equipment
Seeing Machines shares jump 11% after it inks US$65mln driver monitoring deal
Chief executive Paul McGlone said: "We are extremely pleased to see Magna's investment as we work closely together to win market share targeting the interior rear-view mirror and grow our mutual businesses."
Hardware & electrical equipment
Seeing Machines sees full-year revenue up 15%, in line with market expectations
Seeing Machines said supply chain issues have been resolved with its manufacturer
Hardware & electrical equipment
Seeing Machines wins hefty follow-up programme for driver monitoring software
Over 340,000 cars are now on the road with FOVIO systems
Hardware & electrical equipment
Seeing Machines wins tenth carmaker customer for driver monitoring technology
The customer is a European car maker or OEM, with the contract worth an initial A$27mln
Hardware & electrical equipment
Seeing Machines wins first Japanese car maker contract
Seeing Machines will supply embedded and accelerated Driver Monitoring Engine software
Hardware & electrical equipment
Seeing Machines acquires licence to new optical technology that will ‘play a key role in the future of modern vehicles’
It will pay A$5mln over three years for access to the intellectual property
Hardware & electrical equipment
Seeing Machines integrates DSM into rear-view mirror in new collaboration
A demonstrator model uses Canada-based Magna's expertise in mirror technology as well as camera design, integration and packaging
Hardware & electrical equipment
Seeing Machines agrees IP deal with US-based semiconductor company
"This additional IP license is an important milestone for Seeing Machines,” said the company’s chief executive, Paul McGlone
Hardware & electrical equipment
Seeing Machines says momentum is positive with trading in line with full-year expectations
The company makes AI-powered operator monitoring systems used in transportation
Hardware & electrical equipment
Seeing Machines claims world first as Air Ambulance Victoria installs eye-tracker
The system detects pilot fatigue in real-time and also activates an alerting system
Hardware & electrical equipment
Seeing Machines reports 'excellent momentum' as driverless technology use grows
“We are extremely confident of more progress in the second half of the financial year.”
Hardware & electrical equipment
Seeing Machines welcomes new insurance safeguard ratings in the USA
The 'good' rating applied by the Insurance Institute for Highway Safety to partial automation requires features offered by the Seeing Machines driver and occupant monitoring system technology
Hardware & electrical equipment
Seeing Machines announces strategic partnership with Ambarella
It said the agreement should allow for the creation of ‘the best’ driver and occupant monitoring systems
Hardware & electrical equipment
Seeing Machines and OMNIVISION unveil new solution for driver monitoring systems
The OAX4600 is an application-specific integrated circuit (ASIC) that combines OMNIVISION’s image signal processor with Seeing Machines' Occula neural processing unit
Hardware & electrical equipment
Seeing Machines wins biggest driver-monitoring-system contract
The deal is with a leading German automaker and has initial lifetime value of A$125mln
Hardware & electrical equipment
Seeing Machines revenues jump after 'dramatic turn' in driverless technology landscape
“As a result, we are seeing success across all business divisions"
Seeing Machines raises US$41mln via an oversubscribed share sale
The money will be used to accelerate the growth and roll-out of its driver monitoring system
Hardware & electrical equipment
Seeing Machines in collaboration with Collins Aerospace to supply eye-tracking technology to aviation industry
"We anticipate exciting advancements for Seeing Machines as we leverage Collins' expertise and market leadership position in avionics and aircraft systems," said Seeing Machines CEO Paul McGlone
Hardware & electrical equipment
Seeing Machines welcomes US legislation to improve road safety
Seeing Machines is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people
Hardware & electrical equipment
Seeing Machines establishes Amsterdam-based European sales team
The plan is to build on growing demand for the company's driver safety technology
Hardware & electrical equipment
Seeing Machines inks framework deal with Shell for driver distraction and fatigue technology
The system will be installed on Shell vehicles where “fatigue and distracted driving are considered to be a safety risk", investors were told
Hardware & electrical equipment
Seeing Machines says its Guardian technology will be used by EROAD to help combat driver fatigue
The Guardian technology uses face and eye tracking algorithms to detect fatigue and distraction
Hardware & electrical equipment
Seeing Machines encouraged by progress of SAFE and RIDE Acts in the US senate
Driver monitoring systems can detect whether a driver is driving while distracted; it can even indicate whether the driver is driving under the influence of alcohol
Hardware & electrical equipment
Seeing Machines predicts sharp increase in royalty revenues
The company said it expects a ramp up in the number of vehicles containing its DMS technology, saying over 100,000 new vehicles with the tech had hit the roads in its last financial year
Hardware & electrical equipment
Seeing Machines moves to the Stock Exchange Electronic Trading System platform
Previously the technology company's shares were traded on the London Stock Exchange's Stock Exchange Electronic Trading Service: Quotes and Crosses platform
Hardware & electrical equipment
Seeing Machines inks air traffic management collaboration deal
The company will work with Airservices Australia to integrate its technology into the Air Traffic Control environment
Hardware & electrical equipment
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A look at some of today's major headlines from the Proactive newswire
Hardware & electrical equipment
Seeing Machines’ technology added to five new vehicle models
The company also said its driver monitoring system is set to launch on over 30 vehicle models by early 2023
Archive
Small Cap Feast - Seeing Machines and more...
Seeing Machines 9.55p £373m (AIM:SEE) The advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety has been appointed by CAE Australia to integrate its precision eye-trackin
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Hardware & electrical equipment
Seeing Machines to deliver crew training system for Australian defence customer
The company said under the deal it will work with software firm CAE Australia to install and integrate its crew training system on three Lead-in Fighter Trainer Full Mission Simulators
Hardware & electrical equipment
Seeing Machines hails introduction of 21st Century Smart Cars Act by US lawmaker
If passed, the Act will require a range of safety technologies to become standard on all US passenger vehicles within four years, a goal the company said is “completely aligned” with its views
Hardware & electrical equipment
Seeing Machines hails increasing US momentum for mandatory driver monitoring technology
The company noted the introduction to the US Senate of the Stay Aware for Everyone Act, which requires the Department of Transportation to research driver inattention and misuse of advanced driver assistance technology to determine whether
Hardware & electrical equipment
Seeing Machines signs up another tier 1 vehicle manufacturer
"We are delighted to expand our customer base with such a globally capable Tier 1 supplying a highly innovative original equipment manufacturer"
Hardware & electrical equipment
Seeing Machines says thirty vehicles will incorporate its technology within two years
"We are now in production on five car models, working across three OEMs, and that is set to ramp up significantly over the coming two years"
Hardware & electrical equipment
Seeing Machines raises US$10mln from share sale to US-based Toronado Fund LP
"We warmly welcome Toronado as a shareholder, and are delighted that a second high quality US investor has chosen to invest in our company,” said Paul McGlone, chief executive of Seeing Machines
Hardware & electrical equipment
Seeing Machines says driver monitoring technology now available in new Cadillac Escalade
The company said the new Escalade is the first model that will incorporate the Joyson Safety System supplied Driver Attention System, which uses Seeing Machines e-DME software
Hardware & electrical equipment
Seeing Machines eyes significantly increased revenue for its Guardian offering
Seeing Machines’ company fleet product, Guardian, is expected to generate significantly increased revenue in the second half of the current fiscal year
Hardware & electrical equipment
Seeing Machines partners with Qualcomm to design driver monitoring system
The company said as part of the relationship it will work to further optimise its technology stack for Qualcomm’s Snapdragon Automotive Cockpit Platform architecture and its acceleration hardware for use with automakers and tier-1 suppliers
Hardware & electrical equipment
Seeing Machines surges as it inks licence agreement for Occula technology
The company said it will work with digital imaging specialist OmniVision to use Occula to deliver solutions to the global Driver and Occupant Monitoring System markets
Hardware & electrical equipment
Seeing Machines pleased with the progress of its Fleet business in challenging year
Accelerating installations and increased sales of its Guardian technology is a key component of the success of the Seeing Machines business overall
Archive
SSE PLC reports lower coronavirus hit than expected
SSE intends to treble its renewables output by 2030
Hardware & electrical equipment
Seeing Machines delivers higher full year revenues, highlights good momentum in first quarter
The driver monitoring technology specialist said its results for the first quarter of its current year are ahead of budget and that it is “well capitalised” to fund its business plan
FTSE-100 software giant AVEVA reports Thursday
Industrial software provider AVEVA is the highlight of a quiet week for tech results while small-cap Seeing Machines reported final results today.
FTSE-100 software giant AVEVA reports Thursday
Industrial software provider AVEVA is the highlight of a quiet week for tech results while small-cap Seeing Machines Ltd (LON:SEE) reported final results today.
Hardware & electrical equipment
Seeing Machines signs Memorandum of Understanding with L3Harris to collaborate to enhance pilot training technology
The collaboration will be on the firm's dedicated precision eye-tracking system for flight crew training in the full flight simulator (FFS) environment
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Small Cap Wrap - Seeing Machines, Argentex Group, Aquis Exchange and more...
Fonix (LON:FNX) has made its AIM debut, a mobile payments and messaging Company, enabling businesses to charge users' mobile bills and send users SMSs via their Carrier. £45m secondary placing. Mkt cap £90m. FY June 2020 turnover £40.1m, PB
Hardware & electrical equipment
Seeing Machines to develop all occupant monitoring system for vehicles
The move is seen as a significant opportunity for the company
Hardware & electrical equipment
Seeing Machines gathers 5bn kilometres of naturalist driving data through Guardian technology
"Real-world, on-road data is a big part of our ongoing research studies that enable Seeing Machines to offer market-leading driver monitoring technology"
Hardware & electrical equipment
Seeing Machines to launch DMS kit on Qualcomm platform
The kit is expected to be available before the end of the current calendar year for use by tier one suppliers and OEMs
Hardware & electrical equipment
Seeing Machines inks deal with semiconductor group as part of new strategy
The company is also finalising terms to license its Occula Neural Processing Unit, which is designed to enhance its driver monitoring software
Hardware & electrical equipment
Seeing Machines’ new Occula unit a step change in DMS technology, says Cenkos
The broker said the new neural processing unit “significantly extends” the company’s technology lead
Hardware & electrical equipment
Seeing Machines higher as it unveils new strategy to target automotive market
The three pillar strategy includes enhancing the company's FOVIO Chip driver monitoring system with its Occula Neural Processing Unit
Archive
SSE leaves £1.2mln smart meter bill for new owner of retail business
Ovo Energy will pay even though it only took over SSE’s retail business In January.
Hardware & electrical equipment
Seeing Machines beats expectations for annual income and cash
The Guardian driver monitoring technology platform was connected to 23,415 vehicles globally at the end of June, a 46% increase over the year
Hardware & electrical equipment
Seeing Machines welcomes proposed new US driver safety regulations
It is proposed that new vehicles from 2024 will be mandated to include a range of safety features including driver monitoring systems
Hardware & electrical equipment
Seeing Machines makes “difficult but necessary” decision to cut the cost base by A$12mln
It outlined a series of initiatives that will "ensure the financial strength of the business and, in turn, improve shareholder returns"
Hardware & electrical equipment
Seeing Machines surges as it inks automotive licence deal for DMS technology
Under the agreement, the firm will receive a pre-production licence fee of US$5mln before June 30, in addition to future volume-based royalty payments
Hardware & electrical equipment
Seeing Machines implements plans to reduce coronavirus impact
The firm said that while the short to medium-term outlook was “uncertain”, it had “significant confirmed order books" for both its fleet and automotive divisions
Hardware & electrical equipment
Seeing Machines reports double-digit revenue growth in first half
The revenue uplift had been driven by what the firm said was “accelerating growth” of vehicles connected to its Guardian driver monitoring system
Seeing Machines appoints Stifel Nicolaus as its joint broker to assist in broadening the group’s investor base across North America
The group pointed out that the appointment will complement the UK-based efforts of the company's nominated adviser and broker, Cenkos Securities
Hardware & electrical equipment
Seeing Machines predicts second half revenues will “significantly” exceed first six months
CEO Paul McGlone attributed the expected boost to a pipeline developed across the group's fleet division in the first half of the year
Hardware & electrical equipment
Seeing Machines unveils renewed supplier agreement with US chip firm Xilinx for its FOVIO Chip
The group will be exhibiting its FOVIO chip driver monitoring systems technology at Automotive World in Tokyo on the Xilinx stand
Hardware & electrical equipment
Seeing Machines higher as it partners with Qualcomm to develop driver monitoring systems
The companies will be focusing on infotainment systems, areas of the car which allow drivers or passengers to control functions such as music, navigation or answering phone calls