LONDON (Alliance News) - Seeing Machines Ltd on Monday said it has been awarded a grant totalling AUD2.3 million from an Australian government cooperative research centre project over a three-year period.
The grant is toward a collaborative project with Monash University and Ron Finemore Transport Services, one of Seeing Machines' Guardian Solution customers. The project builds upon Seeing Machines' Guardian technology platform that actively monitors for and alerts drivers to fatigue and distraction.
The project is titled "the future integrated driver monitoring solution for heavy vehicles" and aims to deliver the next-generation of fatigue prevention and driver monitoring technology.
The project will use new data analysis methods to understand the behavioural risks in ways that were not previously possible.
"This brings together 'big data' analytics, simulation and computer vision expertise across Seeing Machines and Monash University to develop a next-generation driver monitoring device that integrates road data and driver data in real-time. Ron Finemore will receive data that supports its proactive safety management and driver wellbeing, which in turn will result in fewer crashes, fewer safety critical events, and improved productivity," said the company.
Seeing Machines shares were trading up 0.5% to 2.89 pence per share on Monday morning.
By Joshua Warner; firstname.lastname@example.org; @JoshAlliance
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