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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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(Sharecast News) - Computer vision technology company Seeing Machines reported an 18% improvement in revenue in its year-end results on Wednesday, to AUD 47.2m (£25.46m).

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Canada's Magna puts $10m into Seeing Machines' $41m fundraise

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(Sharecast News) - Computer vision technology company Seeing Machines issued a trading update on Monday, on the back of the US House of Representatives passing a bipartisan infrastructure agreement on 5 November, containing "key provisions" to improve road safety.

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13 Oct 2021 12:37

Seeing Machines creates Europe sales team

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