Seeing Machines Ltd - Canberra-based driver-monitoring technology company - Selected by another "Tier 1" carmaker to provide FOVIO Driver & Occupant Monitoring System technology. Mass production to begin in late-2022 and deal is worth AUD7 million, about GBP3.9 million. "Seeing Machines continues to grow as an automotive leader in driver monitoring system technology, having now won contracts with a total of seven automotive Tier 1 customers for a growing number of programs across seven global carmakers," Seeing Machine says.
Current stock price: 10.80 pence, up 4.4% on Monday
Year-to-date change: up 57%
By Eric Cunha; ericcunha@alliancenews.com
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Seeing Machines (SEE)