Seeing Machines optimises driver monitoring system for new European guidelines
The firm is also preparing to showcase its DMS technology this week at the CES 2020 consumer technology show in Las Vegas
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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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The firm is also preparing to showcase its DMS technology this week at the CES 2020 consumer technology show in Las Vegas
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The US National Transportation Safety Board recommended a requirement for “adequate monitoring of vehicle operator engagement, if applicable”
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The European Council will now require all vehicles to be equipped with advanced driver distraction systems
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Under the new agreement with Xilinx, the Fovio Chip will be supplied direct
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Bison Transport, which employs 2,500, is having Seeing Machines’ Guardian technology fitted to the cabs of 120 trucks
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The technology firm uses real-time AI tracking of pilots’ faces to help instructors understand pilot behaviour
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"We are very pleased with progress in the business," said Paul McGlone, the CEO of Seeing Machines
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Revenues from the expanded program are expected to exceed around £13mln
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Former chairman Jack Boyer. meanwhile. has now stepped down as a non-exec due to commitments elsewhere.
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"I am excited to be joining the Seeing Machines team as they continue to develop world-leading technologies that significantly enhance transport safety," said Ryan Murphy, the new COO of Seeing Machines
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The AIM-listed firm said mass production for the programme was scheduled to begin from 2019, with the technology to be delivered on its proprietary FOVIO Chip
In London, FTSE 100 added over 38 points to finish at 7,701 - that was up on the week too, marginally - by 0.29%.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Companies covered: The AA, Go-Ahead Group, Safestyle, Strat Aero, Itaconix, Plant Health Care, Indivior, John Laing Infrastructure Fund
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The AIM-listed advanced computer vision technology company, said Jack Boyer, who becomes a non-executive director of the company with immediate effect, will take over from Kroeger as chairman on 1 January 2019
In the US, benchmarks got off to a slow start. The Dow Jones Industrial Average is up around 11 points
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The AIM-listed firm said it had signed the five-year agreement with John Christner Trucking, an Oklahoma-based refrigerated carrier group, to supply Guardian to its fleet of 850 trucks
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FTES 100 was up 38 points to 7,611 in early afternoon trading
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London on Monday
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Seeing Machines has leveraged more than 15 years of innovation and industry experience to optimise its market-leading FOVIO driver monitoring engine onto an automotive grade chip
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In the currency market, sterling was down 0.48% against the Euro, while it lost 0.28% against the US dollar.
Some of the main news-driven risers and fallers on Monday afternoon...
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A glance at some of the day's highlights from the Proactive Investors newswire
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The Fleet business has very strong momentum, with an installed base of 10,000 units, around the world and a strong pipeline of sales opportunities, representing total commercial value of over A$200mln
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FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
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The driver safety technology company liked the look of the key recommendations of the European Commission's "Europe on the Move: Commission completes its agenda for safe, clean and connected mobility" initiative
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A glance at some of the day's highlights from the Proactive Investors newswire
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A glance at some of the day's highlights from the Proactive Investors newswire
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A look at some of the top risers and fallers in London on Wednesday
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Connect Source is taking another 2,5000 of the Guardian in-cab driver-fatigue monitoring units which it will sell to its customers over the next 18 months
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The UK blue-chip benchmark closed around 11 points higher at 7,334..
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A glance at some of the day's highlights from the Proactive Investors newswire
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Seeing Machines' FOVIO driver monitoring platform uses advanced machine vision technology to precisely measure and analyse head pose, eyelid movements and eye-gaze under a full spectrum of demanding lighting conditions, including through su
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
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The UK blue-chip benchmark closed 1.20 points, or 0.02% at 7,258..
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A glance at some of the day's highlights from the Proactive Investors newswire
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The Guardian sales pipeline continues to grow with A$250mln in qualified opportunities now being pursued
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Britain's blue-chip benchmark closed down over nine points, or 0.13% to 7,214..
A look at some of the biggest risers and fallers in London on Friday
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A glance at some of the day's highlights from the Proactive Investors newswire
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In a statement noting recent press rumour and speculation, the AIM-listed firm said, If secured, this programme design win would be a significant for Seeing Machines
The Footsie perked up after US jobs growth in February was way off the charts
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Ken Kroeger, executive chairman, is also upbeat about opportunities in truck fleets, aviation, rail and off-road
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2018 is shaping up to be an important year for the driverless cars technology firm after it successfully raised £37.4mln to develop the business
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The FTSE 100 index – which is chock full of dollar earners – closed around 108 points lower at 7,170
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The company's nomad (nominated advisor) , did not seem unduly fazed by the news of McAuliffe's departure, and said "the second tier of management in this business is particularly strong"
The FTSE 100, dragged higher by the miners, got off to a strong start today, but closed juts about six points higher
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A glance at some of the day's highlights from the Proactive Investors newswire
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An open offer will follow that can raise up to a further £2.4mln
As one might expect of a manufacturer and specialist manipulator of pipe and tubing assemblies it is all about the pipeline
Footsie closed over 20 points higher at 7,348, benefitting as usual from the weaker pound.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Real estate investment trust LXB Retail Properties enjoyed a rare moment in the sun while PCI Pal hailed some impressive contract wins
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A proposed bookbuild will raise £30mln while an accompanying open offer can add up a further £2.4mln
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A glance at some of the day's highlights from the Proactive Investors newswire
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Some of the biggest risers and fallers in London on Thursday
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Technologica continues to work closely with many Middle East-based organisations and has a strong pipeline of opportunities across the region
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The blue-chip benchmark closed in negative territory as sterling rose
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A look at some of the day's highlights from the Proactive Investors newswire
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The technology firm's eye-tracking software is used in semi-autonomous vehicles
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Currency manager services group Record Plc (LON:REC) is among the very few names fixed in the diary, with interim results due.
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A glance at some of the day's highlights from the Proactive Investors newswire
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Seeing will supply its FOVIO driver monitoring system (DMS) technology to the “premium German automotive partner” for use in its new car models, which are scheduled for mass production in 2020
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Around 4pm, the UK blue chip index fell 14 points to 7,490 as the Bank of England's interest rate decision looms
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A glance at some of the day's highlights from the Proactive Investors newswire
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Seeing’s gaze-tracking technology will analyse how pilots interact and monitor their controls during a range of training exercises
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The UK blue chip index closed down 1.05% to 7,447 as the pound strengthened after better-than-forecast UK GDP
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A glance at some of the day's highlights from the Proactive Investors newswire
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Driver monitoring technology is crucial to a safe transition to hands-free driving
The UK blue chip index closed its account on Tuesday up 2.09 at 7,526.
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A glance at some of the day's highlights from the Proactive Investors newswire
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The company is currently in talks to secure funds for future growth, but the projected growth rates are already mind-boggling
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
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It is the world's first hands-free driving system for the highway
The UK benchmark finished the day at 7,538, up 30.38 points
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Mike McAuliffe reckons the company's technology is 'tremendous', it is just a case of making the most of it commercially
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A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers at 3.35pm...
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Excluding the impact of a hefty one-off payment from Caterpillar last year, Seeing saw like-for-like revenues double in the year to June, driven by another strong performance from its Guardian fleet division
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
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Seeing said it is on track to generate the first revenues from its rail business this year