Seeing Machines shares rise as it announces Qualcomm kit

(Sharecast News) - Computer vision technology company Seeing Machines announced plans to deliver a fully supported, integrated driver monitoring system kit to the global automotive industry on Monday.
The AIM-traded firm announced plans to work with Qualcomm Technologies to deliver optimised driver monitoring systems targeting high-end infotainment platforms to the automotive industry earlier in the year.

As part of those plans, Seeing Machines said it was intending to launch a fully-integrated driver monitoring system solution based on its software, for the Qualcomm Snapdragon Automotive Development Platform.

The board said the kit would support a Seeing Machines full-stack driver monitoring system solution on the Snapdragon Automotive Development Platform, targeting integration into either infotainment or centralized ADAS systems, and would include an optimised system reference camera, ADP interface board and the firm;s software.

It said the kit was expected to be available before the end of the calendar year, for use by select automotive tier 1 suppliers and original equipment manufacturers (OEMs).

"As time frames continue to tighten for automakers to deliver safety technology and increase convenience features into new vehicles, this collaboration is very timely, giving customers new ways to implement our leading driver monitoring system technology into their infotainment or ADAS systems and quickly achieve both of these key goals," said chief executive officer Paul McGlone.

"Seeing Machines recently launched our embedded product strategy and this collaboration is representative of our e-DME strategic pillar in action.

"We are delighted to be expanding our work with Qualcomm Technologies, a world-leading technology company, to reach more of a fast-moving and maturing market."

At 1113 BST, shares in Seeing Machines were up 6.67% at 4.4p.