Seeing Machines secures USD1.8 million additional purchase order

(Alliance News) - Seeing Machines Ltd on Wednesday said it has signed a contract worth around USD1.8 million with an existing customer for the supply of Guardian Backup-driver Monitoring System units.

Shares in the Canberra, Australia-based designer of vehicle operator monitoring systems closed up 3.2% at 3.22 pence on Wednesday in London.

The additional purchase order has been inked with an unnamed, "world-leading" American self driving car company, said Seeing Machines.

Seeing Machines said the contract supports the customers' continued expansion of its test fleet across further sites in the US.

It added that it is uniquely positioned to support the ongoing evolution in the self driving market, which it noted faces ongoing safety concerns, with its Guardian BdMS solution. Seeing Machines said this technology bridges the gap between fully autonomous operations and human oversight.

"We are delighted to continue supporting this important customer as they expand their autonomous vehicle test fleet across North America," said Chief Executive Paul McGlone.

"This additional order underlines the critical role that Guardian BdMS plays in ensuring safety during the transition to fully autonomous transport. Our technology is designed to support robust human oversight while paving the way for future solutions, and we look forward to further opportunities as the industry evolves," continued McGlone.

By Christopher Ward, Alliance News reporter

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