We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSeeing Machines Share News (SEE)

Share Price Information for Seeing Machines (SEE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.36
Bid: 4.36
Ask: 4.44
Change: -0.03 (-0.68%)
Spread: 0.08 (1.835%)
Open: 4.60
High: 4.60
Low: 4.36
Prev. Close: 4.39
SEE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Seeing Machines upbeat on new US industry guidelines

Mon, 24th Jan 2022 10:31

(Sharecast News) - Driver monitoring technology company Seeing Machines responded to the United States Insurance Institute for Highway Safety (IIHS) on Monday, after the latter released new safeguard ratings for partial automation on 20 January.
The new ratings were scheduled to come into force during 2022, and included requirements for driver monitoring system (DMS) technology features for a 'good' rating.

Seeing Machines said the IIHS released the new ratings programme to target vehicles with partial automation and related safeguards, to help drivers stay focused on the road.

The AIM-traded firm said the ratings system was targeted at semi-automated, or 'level 2', vehicles, due to the IIHS view that while automated driving features could appear to make driving less of a burden, there was no evidence that they made driving safer.

It said the primary concern was the requirement for active supervision by the driver, as it was "widely accepted" that distraction was a considerable safety risk on roads.

The company explained that the 'good' rating applied to partial automation would require features offered by the Seeing Machines' driver and occupant monitoring system technology, aligning closely with the upcoming protocols from the European New Car Assessment Programme and legislation recently passed by the European Commission.

Seeing Machines said it was currently working with nine automakers across Europe and the US to deliver its technology into an expanding number of models, with over 120,000 cars on roads with its technology installed.

"This momentum is further confirmation that driver (DMS) and occupant monitoring system (OMS) technology is fundamental to safety on roads across the world," said chief executive officer Paul McGlone.

"We welcome this news, closely following the bipartisan infrastructure legislation passed by the US Congress in November last year which includes key provisions on distracted and impaired driving that prioritise DMS.

"We know that we will see driver and occupant monitoring system technology further cemented across the US as a safety requirement, and look forward to continuing our work with IIHS and other transport focused bodies as they work to ensure that all drivers in America have access to this life-saving technology."

At 1014 GMT, shares in Seeing Machines were down 5.79% at 9.19p.
More News
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.

Read more
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.

Read more
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:

Read more
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.

Read more
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:

Read more
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.

Read more
21 Nov 2022 16:04

UK shareholder meetings calendar - next 7 days

Tuesday 22 November 
Alpha FX Group PLCGM re name change
Artemis Resources LtdAGM
Fonix Mobile PLCAGM
Kingswood Holdings LtdAGM
Origin Enterprises PLCAGM
Physiomics PLCAGM
Quantum Exponential Group PLCAGM
Rainbow Rare Earths LtdAGM
Sabien Technology Group PLCAGM
Town Centre Securities PLCAGM
Wednesday 23 November 
Crystal Amber Fund LtdAGM
CVS Group PLCAGM
Fidelity Asian Values PLCAGM
Genus PLCAGM
JPMorgan Russian Securities PLCGM re name change
Synergia Energy LtdAGM
Wilmington PLCAGM
Woolworths Holdings LtdAGM
Thursday 24 November 
Cloudbreak Discovery PLCAGM
EnSilica PLCAGM
Fiske PLCAGM
MGC Pharmaceuticals LimitedAGM
Pacific Horizon Investment Trust PLCAGM
Pan African Resources PLCAGM
PZ Cussons PLCAGM
Zanaga Iron Ore Co LtdAGM
Friday 25 November 
600 Group PLCGM annual report
Aveva Group PLCGM and Court Meeting re Schenider Electric takeover offer
Base Resources LtdAGM
European Metals Holdings LtdAGM
Neometals LtdAGM
Quadrise Fuels International PLCAGM
ScS Group PLCAGM
Sylvania Platinum LtdAGM
Windar Photonics PLCGM re placing of new ordinary shares
Monday 28 November 
Crown Place VCT PLCAGM
European Smaller Cos Trust PLCAGM
JPMorgan Global Emerging Markets Income Trust PLCAGM
PRS REIT PLCAGM
Psych Capital PLCAGM
Seeing Machines LtdAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
11 Nov 2022 11:39

Seeing Machines appoints new finance chief as Rule steps down

(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.

Read more
11 Nov 2022 09:51

LONDON BROKER RATINGS: UBS cuts Smurfit and GSK; Jefferies likes M&G

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
28 Oct 2022 14:36

TRADING UPDATES: DeepVerge fundraises; Tintra narrows interim loss

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

Read more
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).

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.