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Share Price Information for Seeing Machines (SEE)

London Stock Exchange
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Share Price: 4.755
Bid: 4.71
Ask: 4.80
Change: 0.17 (3.71%)
Spread: 0.09 (1.911%)
Open: 4.50
High: 4.765
Low: 4.50
Prev. Close: 4.585
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Seeing Machines Welcomes US Board Recommendation For Driver Monitoring

Wed, 20th Nov 2019 14:44

(Alliance News) - Seeing Machines Ltd on Wednesday said it welcomed US National Transportation Safety Board recommendations for "adequate monitoring of vehicle operator engagement".

The AIM-listed driver monitoring technology provider said the move follows initial findings from an investigation into a fatal collision between an Uber Technologies Inc automated test vehicle and a pedestrian in the US state of Arizona in March 2018.

The fatal accident sparked a detailed review, Seeing Machines said, as well as a broader review of the need for safety risk management for testing automated vehicles on public roads.

"While we recognise the absolute tragedy of the accident that occurred in Arizona last year, the findings and recommendations released in the NTSB report this week are welcome," said Chief Executive Paul McGlone.

He added: "Seeing Machines is well placed to provide a sophisticated and robust solution to keep drivers, passengers and pedestrians safe and we continue to negotiate with a number of companies who want to continue to advance technology, safely."

Seeing Machines shares were trading 3.6% higher in London on Wednesday afternoon at 4.35 pence each.

US National Transportation Safety Board Chair Robert Sumwalt on Tuesday said an investigation into the 2018 fatal crash involving a self-driving Uber car revealed "an ineffective safety culture" at the rideshare company.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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20 Apr 2022 11:08

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30 Mar 2022 14:27

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30 Mar 2022 09:42

Seeing Machines trading in line as losses narrow

(Sharecast News) - Driver monitoring technology company Seeing Machines reported operational revenue growth of 19.4% on Wednesday, to reach AUD 21.7m (£12.42m) in its first half.

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24 Feb 2022 13:41

Seeing Machines to install pilot monitoring in Australian air ambulances

(Sharecast News) - Driver monitoring technology company Seeing Machines announced on Thursday that it will deliver an eye-tracking solution to Air Ambulance Victoria to reduce the risk of pilot fatigue across its operations.

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23 Feb 2022 19:06

TRADING UPDATES: IPF swings to profit; Seraphine lowers outlook

(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 Feb 2022 10:29

Seeing Machines revenue rises as it renews technology focus

(Sharecast News) - Driver monitoring technology company Seeing Machines said in a trading update on Wednesday that it was expecting to report first-half revenue of AUD 21.7m (£11.61m), representing a year-on-year improvement of 19.4%, and an underlying growth rate of 24.6%.

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24 Jan 2022 10:31

Seeing Machines upbeat on new US industry guidelines

(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.

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6 Jan 2022 16:48

IN BRIEF: Seeing Machines enters product collaboration with Ambarella

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6 Jan 2022 11:52

Seeing Machines launches partnership with AI firm Ambrella

(Sharecast News) - Driver monitoring technology company Seeing Machines announced a collaboration with artificial intelligence (AI) silicon company Ambarella on Thursday, to bring integrated advanced driver assistance system (ADAS) and occupant and driver monitoring system (OMS and DMS) products to market.

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5 Jan 2022 15:33

Seeing Machines shares up on OmniVision product launch in second half

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16 Dec 2021 21:56

IN BRIEF: Seeing Machines achieves largest FOVIO contract to date

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16 Dec 2021 12:46

Seeing Machines wins contract with large German carmaker

(Sharecast News) - Driver monitoring technology company Seeing Machines announced on Thursday that it has been appointed by an existing global automotive tier-1 supplier customer to deliver its 'FOVIO' driver and occupant monitoring system (DOMS).

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9 Dec 2021 14:43

UK shareholder meetings calendar - next 7 days

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26 Nov 2021 16:28

Director dealings: Lombard Odier raises stake in Seeing Machines

(Sharecast News) - Seeing Machines revealed on Friday that non-executive director Michael Brown had raised his stake in the AIM-listed technology firm by 8.18m new ordinary shares via his interest in Lombard Odier Asset Management.

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