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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: 4.96
Bid: 4.90
Ask: 4.935
Change: 0.125 (2.59%)
Spread: 0.035 (0.714%)
Open: 4.805
High: 4.96
Low: 4.76
Prev. Close: 4.835
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Seeing Machines takes wraps off next-gen driver monitoring system

Tue, 09th Jan 2024 12:46

(Sharecast News) - Driver monitoring technology specialist Seeing Machines unveiled Guardian Generation 3, the newest iteration of its aftermarket driver monitoring system (DMS), on Tuesday.

The AIM-traded firm said Guardian Generation 3 had undergone independent testing, and was certified to meet the European Commission's General Safety Regulation for Drowsiness Detection, which becomes mandatory for all new cars, vans, trucks, and buses in Europe from July.

It said the upgraded version of Guardian also boasted enhanced features, including refined microsleep detection and eye-gaze tracking, which significantly improve its capability to accurately identify instances of distracted driving.

"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," said chief executive officer Paul McGlone.

"A reliable solution that only activates when required is so important for driver adoption and continued road safety."

Additionally, McGlone said supporting commercial vehicle OEMs with an aftermarket or factory fit solution was critical to their ability to sell compliant vehicles.

"And, given the lower annual volume of production of these vehicles versus cars, I am delighted that Seeing Machines is able to service this new market segment profitably and continue to drive our purpose of getting people home safely."

At 1221 GMT, shares in Seeing Machines were up 2.07% at 5.43p.

Reporting by Josh White for Sharecast.com.

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11 Nov 2022 11:39

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(Sharecast News) - Driver monitoring technology company Seeing Machines announced the appointment of Martin Ive as its new chief financial officer on Friday. With effect from 14 November.

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27 Oct 2022 13:24

Seeing Machines revenue, profits rise in year-end results

(Sharecast News) - Driver monitoring technology developer Seeing Machines reported a 15% improvement in revenue in its year-end results on Thursday, to AUD 54.4m (£30.25m).

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6 Oct 2022 12:22

Seeing Machines signs Magna exclusivity agreement for rearview mirror

(Alliance News) - Seeing Machines Ltd on Thursday said it has signed a deal with Magna International Inc, which includes a USD65 million investment through an exclusivity arrangement and convertible note.

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6 Oct 2022 11:55

Seeing Machines inks deal with Magna, receives cash injection

(Sharecast News) - Driver monitoring and transport safety technology company Seeing Machines announced an exclusive collaboration agreement with Magna International on Thursday.

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15 Aug 2022 15:10

Seeing Machines expects significant growth across its divisions

(Alliance News) - Seeing Machines Ltd on Monday announced significant growth in revenue and its order book, as well as a deal to grow its aviation business.

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15 Aug 2022 08:24

Seeing Machines FY revenues in line, cash position beats guidance

(Sharecast News) - Technology company Seeing Machines said on Monday that full-year revenues were in line with expectations and that the group's cash position had bested forecasts.

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16 Jun 2022 11:48

Seeing Machines appointed to new automotive programme

(Sharecast News) - Driver monitoring technology company Seeing Machines has been appointed by an existing global automotive tier-1 customer, it announced on Thursday, to deliver its 'FOVIO' driver monitoring system (DMS) for a large global automotive group.

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6 Jun 2022 12:10

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10 May 2022 09:50

Seeing Machines inks its first Japanese carmaker deal

(Sharecast News) - Driver monitoring technology company Seeing Machines has been appointed by an existing customer and global automotive tier 1 supplier to deliver its 'FOVIO' driver monitoring system (DMS) to a "leading Japanese carmaker", it announced on Tuesday.

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9 May 2022 15:01

Seeing Machines acquires AUD5 million license for optical technology

(Alliance News) - Seeing Machines Ltd on Monday said it has acquired a world-wide exclusive licence to use an optical technology.

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9 May 2022 09:21

Seeing Machines inks IP deal with unnamed tech startup

(Sharecast News) - Driver monitoring technology company Seeing Machines announced a strategic collaboration with a technology startup that specialises in image-sensor and optical systems design on Monday, to create an expected "step-change" in the performance of cabin-monitoring technology.

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