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Share Price Information for Seeing Machines (SEE)

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Share Price: 5.30
Bid: 5.20
Ask: 5.25
Change: 0.545 (11.46%)
Spread: 0.05 (0.962%)
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.
More News
5 Jan 2023 15:10

Seeing Machines adds its tech to new Omnivision system

(Sharecast News) - Driver monitoring technology specialist Seeing Machines announced the successful integration of its in-cabin monitoring system technology (ICMS) with Omnivision's 'OAX4600' system-on-chip (SoC) platform on Thursday.

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5 Jan 2023 11:19

IN BRIEF: Seeing Machines and Omnivision launch silicon platform

Seeing Machines Ltd - Canberra-based vision-based monitoring technology company - Launches silicon platform with Omnivision, a global developer of semiconductor solutions. Silicon platform integrates Seeing Machines' in-cabin monitoring system technology with Omnivision's OAX4600 system-on-chip platform. Says the OAX4600, optimised by Seeing Machines' Occula neural processing unit, will offer automakers with a cost-effective solution to "meet and exceed the regulatory requirements associated with the European Commission's General Safety Regulation as well as Europe's New Car Assessment Program protocols".

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4 Jan 2023 09:43

Seeing Machines announces three collaborations for driving solutions

(Alliance News) - Seeing Machines Ltd on Wednesday announced three collaborations for driving solutions ranging from vision-based sensing for low-light driving conditions to infrared driver and high-speed camera connectivity to help monitor driver fatigue and distraction.

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4 Jan 2023 07:48

LONDON BRIEFING: Bright start to 2023 for FTSE 100 set to continue

(Alliance News) - Stocks in London are set to open higher on Wednesday, continuing a decent start to the new year and for now overlooking recessionary fears which are hanging over markets.

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22 Dec 2022 12:14

Seeing Machines wins $32m driver monitoring appointment

(Sharecast News) - Driver monitoring technology developer Seeing Machines has been appointed by an existing tier-one customer to deliver its 'FOVIO' driver and occupant monitoring system (DMS/OMS), it announced on Thursday.

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22 Dec 2022 11:29

IN BRIEF: Seeing Machines wins additional USD32 million deal in Europe

Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Appointed by an existing "tier 1" client to deliver Seeing Machines' driver & occupant monitoring system for an additional programme with an existing "large European-based global automotive group" customer. Doesn't name the client or the customer. The deal is for original equipment manufacturing. Says the programme has an initial lifetime value of AUD45 million, about USD32 million, and will start production in 2024. Seeing Machines notes the cumulative initial lifetime value of all OEM programmes that it has won to date now stands at AUD435 million.

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29 Nov 2022 15:50

DIRECTOR DEALINGS: Litigation Capital Management chair ups stake to 3%

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Monday and Tuesday and not separately reported by Alliance News:

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24 Nov 2022 15:14

Director dealings: Seeing Machines director raises stake

(Sharecast News) - Seeing Machines revealed on Thursday that non-executive Michael Brown had acquired a further 604,203 ordinary shares in the London-listed technology group.

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23 Nov 2022 21:44

TRADING UPDATES: Helios Underwriting plans to raise GBP13.5 million

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

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23 Nov 2022 12:52

Seeing Machines releases new key performance indicators

(Sharecast News) - Driver monitoring technology company Seeing Machines said in an update on Wednesday that the number of cars with its tech on the road increased 204% over the 12 months through September, to 559,302 units.

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21 Nov 2022 16:04

UK shareholder meetings calendar - next 7 days

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21 Nov 2022 14:44

Director dealings: Seeing Machines non-executive director raises stake

(Sharecast News) - Seeing Machines revealed on Monday that non-executive executive Michael Brown had acquired of 1.41m shares in the AIM-listed technology group.

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21 Nov 2022 14:25

IN BRIEF: Seeing Machines director Michael Brown adds to 15% stake

Seeing Machines Ltd - Canberra, Australia-based driver assistance technology - Non-Executive Director Michael Brown buys 1.4 million shares, mostly at 6.4 pence each, worth GBP91,422, on Friday last week. Brown now has 624.1 million shares, a 15% stake.

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16 Nov 2022 14:53

Director dealings: Lombard Odier raises stake in Seeing Machines

(Sharecast News) - Seeing Machines revealed on Wednesday that non-executive director Michael Brown had acquired 700,000 ordinary shares in the AIM-listed technology group.

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11 Nov 2022 14:09

IN BRIEF: Seeing Machines hires Altium CFO Martin Ive as new CFO

Seeing Machines Ltd - Canberra, Australia-based advanced computer vision technology company - Hires Martin Ive as chief financial officer, who will join from the Australian multinational software company Altium Ltd on Monday where he has held a few roles including senior vice president at finance division and where he is chief financial officer.

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