Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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Cheers DR777
Man look, should of gone to specsavers!!
So could start soon. This wasnt in current equation
@Terry: calendar year as per headline:
Automotive program extension to 2032 with existing North American Tier 1 and OEM, start of production this calendar year
Big danger is that when you puff up value you tend to crash on rocks of reality. For all the DMS providers cars in production per quarter and revenue per fitment is king. That will drive share price up or down in some cases. Cumulative business awards mean nothing and Smarteye numbers really suggest that many of the earlier awards never went anywhere and any expansion is fantasy. If they did it would be in the numbers. Nearly all awards before 2021 are likely supported driving only and uptake on that is optional and hence low numbers. The uptake is increasing, more oems offer it and dms via a camera for safety is law for vehicles in eu in 2026. We all want the share price to do well and some just want a false spike to exit - I get that.
If it was SmartEye they would have added a zero at the end of it on further expansion & estimates & the stock would have gone up by 40%
As always we send out a boring RNS that has no sizzle & we get a muted response.
Whoever does there RNS’s needs a lesson in capturing investors excitement as it’s hardly exciting when in theory it actually is positive news.
Modest
requirements and is scheduled to start production before the end of 2024 with an initial estimated incremental lifetime value of US$26m.
Calendar year or FY? Doesn’t say but either way will contribute to break even in FY 25
Might it be we get bluecruise Adas versions and smarteye get budget end of market for compliance?
Bluecruise might migrate down range and become standard building uptake. Just a thought.
Interesting we mention USA Europe and China. Look back at Seye rns from dec 22 they say….
intended for the markets of North America, Europe and China.
https://www.smarteye.se/news/smart-eye-wins-800-msek-dms-deal-with-large-north-american-oem-up-to-53-design-wins/
Have they done another BMW & we have got 1/3rd of contract they won? If so could get the other 2/3rds back?
The plot thickens as always…
Nice one, let's hope that it contributes to bringing accountancy 'break even' date - even closer.
Ford
Automotive program extension to 2032 with existing North American Tier 1 and OEM, start of production this calendar year
Initial estimated incremental lifetime value of US$26m
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces a significant generational program extension with an existing North American Tier-1 customer and OEM.
The initial program, already in production, will expand to a total of 19 distinct vehicle models being sold in North America, Europe and China, and extend through 2032 based on the OEM's next generation Driver Monitoring System (DMS) solution utilising Seeing Machines' improved FOVIO Chip design delivering increased feature capability with reduced cost, power and size.
This award extends to all of the OEM's European vehicle models in support of fast approaching Euro NCAP (New Car Assessment Program) and European GSR (General Safety Regulation) requirements and is scheduled to start production before the end of 2024 with an initial estimated incremental lifetime value of US$26m.
Nick DiFiore, SVP and GM of Automotive at Seeing Machines, commented: "I am delighted to be extending an important incumbency with this generational program extension, which benefits from our evolving FOVIO Chip technology supporting our Tier 1 and OEM customer's long-term needs related to safe semi-automated driving, driver safety regulation, and enhanced convenience features. Seeing Machines' commitment is firmly focused on building customer confidence by getting programs successfully to production and this new award demonstrates the confidence our customers have in our ability to do just that."
Seeing Machines has now been appointed to deliver 18 expanding programs for 11 individual OEM customers, building the cumulative initial lifetime value of all ongoing Automotive programs to US$392m, with most of that revenue expected between now and 2028.
Nm