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Share Price Information for Seeing Machines (SEE)

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Share Price: 4.815
Bid: 4.79
Ask: 4.86
Change: 0.07 (1.48%)
Spread: 0.07 (1.461%)
Open: 4.75
High: 4.86
Low: 4.75
Prev. Close: 4.745
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Seeing Machines launches latest EU-compliant driver monitoring system

Tue, 09th Jan 2024 11:25

(Alliance News) - Seeing Machines Ltd on Tuesday unveiled its latest AI-powered driver monitoring system, in line with new regulations on vehicle safety.

The Canberra-based vision monitoring technology company said that the newest edition of its "world-leading" monitoring system includes drowsiness detection and eye-tracking to prevent distraction-induced driving risks.

Updates to the Guardian system, which is already connected to around 54,000 vehicles, will deliver "premium performance in the most demanding real-world driving conditions", the group said.

Guardian Generation 3, displayed on Tuesday at the Las Vegas 2024 Consumer Electronics Show, has been independently verified to meet the European Commission regulations for drowsiness detection, required on all new vehicles from July 2024.

Seeing Machines noted that the technology offers "compliance certainty" for manufacturers, allowing them to implement the technology at their own factories or after manufacturing.

Chief Executive Officer Paul McGlone said: "Regulation continues to drive demand for all of our DMS technology, and I am very pleased to see that we have successfully launched the next generation of our Guardian solution for commercial transport and logistics companies as well as commercial vehicle manufacturers".

Seeing Machines share were up 1.7% at 5.41 pence each in London on Tuesday morning.

By Hugh Cameron, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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