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Pin to quick picksSeeing Machines Share News (SEE)

Share Price Information for Seeing Machines (SEE)

London Stock Exchange
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Share Price: 5.25
Bid: 5.14
Ask: 5.24
Change: 0.495 (10.41%)
Spread: 0.10 (1.946%)
Open: 4.875
High: 5.69
Low: 4.70
Prev. Close: 4.755
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Seeing Machines launches new variant of 'FOVIO' chip

Mon, 06th Jan 2020 09:47

(Sharecast News) - Artificial intelligence (AI)-powered driver monitoring technology company Seeing Machines launched a variant of its 'FOVIO' driver monitoring chip solution on Monday, which it said had been developed to specifically address the European New Car Assessment Program (NCAP) requirements for driver drowsiness and distraction detection, to achieve safety ratings from 2022.
The AIM-traded firm introduced the FOVIO chip solution in 2018, offering its driver monitoring system (DMS) technology on a fully scalable platform, with the ability to leverage the complete range of features on an optimized system-on-chip (SoC).

It said three of its ongoing automotive programmes were currently being delivered via the platform.

The newest variant of the FOVIO Chip solution, optimised for basic Euro NCAP systems with the flexibility to support the most advanced DMS requirements, now represented the "highest performing, smallest and lowest cost" driver monitoring solution on the market, the board claimed.

It said the solution was further enabled through Seeing Machines' ongoing innovations in "highly optimised" embedded neural inference processing for FOVIO-enabled versions of Xilinx Automotive Zynq-7000 SoCs.

"Driver monitoring plays a key role in next-generation NCAP requirements and safe assisted driving," said the company's senior vice-president of automotive, Nick DiFiore.

"Seeing Machines has industry-proven automotive DMS technology that provides true safety outcomes.

"While NCAP is always associated with the need for low cost, many in the industry are also realizing that performance and effectiveness cannot be sacrificed to reach the goals of improved driver safety."

DiFiore said the company's "experienced and capable" research and engineering teams were demonstrating that "no compromise" low-cost solutions were possible, as it realised more enhanced AI capabilities on even lower cost industry standard devices though its ongoing silicon partnership with Xilinx.

"This is a great outcome as we continue to focus on supporting our customers and partners in the automotive industry with a DMS solution that is sensibly priced, scalable, simple to integrate in relatively short timeframes, and continues to deliver on the Seeing Machines performance promise."

At 1557 GMT, shares in Seeing Machines were up 2.58% at 5.13p.
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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TRADING UPDATES: Trident buys royalty; Coro sells Italian portfolio

The following is a round-up of trading updates by London-listed companies, issued on Wednesday, and not separately reported by Alliance News:

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8 Nov 2023 10:29

Seeing Machines secures new automotive programme

(Sharecast News) - Driver monitoring technology specialist Seeing Machines has secured a new automotive programme award, announced on Wednesday, as it also released its quarterly key performance indicators (KPIs) for the September quarter.

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6 Nov 2023 18:36

IN BRIEF: Lombard Odier AM ups Seeing Machines stake to 16%

Seeing Machines Ltd - Canberra-based developer of transport operator-monitoring technology - Lombard Odier Asset Management (Europe) Ltd, with which Non-Executive Director Michael Brown is connected, buys 1.4 million shares at 5.4 pence each in London on Friday. Shares are worth GBP78,193 in total. Lombard Odier now has an interest in 644.6 million shares, a 15.52% stake.

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6 Nov 2023 14:55

Director dealings: Seeing Machines director ups stake

(Sharecast News) - Seeing Machines revealed on Monday that non-executive director Michael Brown had upped his stake in the AIM-listed firm via his interest in Lombard Odier Asset Management.

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27 Oct 2023 15:41

Director dealings: Seeing Machines chair ups stake

(Sharecast News) - Seeing Machines revealed on Friday that Dunford Super Fund had acquired 300,000 ordinary shares in the AIM-listed computer vision technology company.

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16 Oct 2023 13:51

Seeing Machines boosts revenue, inks new Collins Aerospace deal

(Alliance News) - Seeing Machines Ltd on Monday said revenue increased nearly 50% in its latest financial year, and said it and Collins Aerospace began developing an aviation fatigue detection solution.

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16 Oct 2023 12:12

Seeing Machines reports near 50% jump in full-year sales

(Sharecast News) - Seeing Machines saw its top-line grow by nearly half during its latest financial year.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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Sunday share tips: Buying opportunities at Keller and Seeing Machines

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Seeing Machines beats annual sales forecasts after record Q4

(Sharecast News) - Transport safety software group Seeing Machines said full-year sales jumped by nearly a half after a record performance in its fourth quarter, which saw the number of cars on the road with its technology installed surpass the one-million mark.

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(Sharecast News) - Driver monitoring technology company Seeing Machines made two disclosures on Wednesday, after an entity linked to a non-executive director made a number of purchases.

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