Seeing Machines shares rise as establishes self-driving focused unit

(Alliance News) - Seeing Machines Ltd on Friday said it has established a dedicated Future Mobility Group, as it looks to deepen its engagement with autonomous vehicle programmes as the industry shifts from development to commercial deployment.

Shares in the company were up 7.6% at 5.81 pence around midday on Friday in London.

The Canberra, Australia-based designer of vehicle operator monitoring systems said the decision comes in response to increasing demand from the autonomous driving sector.

Seeing Machines said it seeking to advance new commercial opportunities as automated vehicle programmes grow around the world.

The firm said autonomous vehicle customers are entering a new phase that requires production-ready, scalable human-centred safety systems. Seeing Machines' Guardian-based solution is already installed in over 1,000 self-driving development vehicles.

The newly formed Future Mobility Group will work with global partners to embed next-generation driver and occupant monitoring systems into commercial autonomy platforms, supporting development, deployment and fleet-scale rollout.

"The establishment of our Future Mobility Group, which leverages existing Seeing Machines resources and platform technology, reflects our long-term strategy to embed human understanding at the centre of next-generation vehicle platforms as our customers in Automotive, Aftermarket and Aviation move towards this," said Chief Executive Paul McGlone.

By Christopher Ward, Alliance News reporter

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