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Smarteye seem to go to a lot more of these exhibitions than we do. Although we're likely to be there via partners.

Not sure they can justify spending on aviation. They must have some big financing plans.

Right at June 30th the backlog was over 10,000 units. I'm wondering if any of these are the gen3 product that we've presold. Otherwise it's a massive backlog to make up with gen 2. It's basically 25% of the current installed units.

Paul McGlone, CEO and Executive Director of Seeing Machines, has purchased 250,000 ordinary shares in the Company at a price of 8.98 pence each on 29 June 2021

The difference is it's not supply chain issues on our side and we're due to be in more models all the time. I'll be surprised if it isn't over 600,000.

Can't argue too much with that. I'm presuming this will be figures up to end of September, in which case I'm going for 650,000 cars. If its to end of October I'll go 725,000

How do you measure king of DMS though? Cars on road? Possibly but they had a headstart as we were stuck in a Takata exclusivity.

But either way our cars on road have probably generated more cash than theirs. Certainly in the last year. We had more DMS license revenue in the first 6 months of this year than Smarteye in the first 9 months.

1 million cars on the road. How many of those are under $5.

Our oem revenue is significantly bigger than theirs.

Technically Byton didn't make it to sop as they went bankrupt. That's the only one I think.

Also with regards to the fatigue eke, in a few years time you won't have a choice it will be standard on all new cars.

There's 50+ features and facial recognition is one of them so it just depends which additional features oem's choose. I'm not sure many if any will be subscription based, it will just be standard features when you buy the car I expect.

I think our technology applies to the advanced one so from 2024 and 2026.

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Deadlines for driver monitoring systems are approaching fast
Automakers need to act fast if they are not yet prepared for forthcoming changes in legislation and consumer-group car safety ratings. The European Commission mandates driver monitoring from 2022 for all new type approvals. Vehicle systems need to detect signs of drowsiness and issue warnings to the driver.

Euro NCAP already begins attributing points for Driver State Monitoring (DSM) this year. DSM will earn even more points in safety scores as of 2023.

North-America and China are following the lead.

According to the World Health Organisation, over 1.3 million people die each year as a result of road traffic crashes. NHTSA (National Highway Traffic Safety Administration) informs that

94% of serious crashes are due to human error”.

The weak link in driving is the driver. As a result, legislative and consumer bodies have been increasing their focus on driver state monitoring with automakers being mandated to act.

EC legislation as of 2022
EC legislation will be introduced as of 2022 for all new type approvals and 2024 for all new vehicles. Legislation will cover 3 main areas for driver monitoring:

Driver drowsiness and attention warning - A system that assesses the driver’s alertness through vehicle systems analysis and warns the driver if needed. This will be applied to new type approvals from 2022 and all new vehicles from 2024.

Advanced driver distraction warning - A system that helps the driver to continue to pay attention to the traffic situation and that warns the driver when he or she is distracted. This will be applied to new type approvals from 2024 and all new vehicles from 2026.

I'd be surprised if Magna mentioned the mirror in their results. It's such a small part of their overall business.

That's not DMS though. As far as I know they don't have a DMS offering. They could license it from us non-exclusive though. Try and buy us or do some sort of deal with Smarteye or cipia.

I don't see them trying to develop one in house unless that's already a project they've been working years on already.

They might try and buy Smarteye on the cheap. Not perfect, but they can come to the market with an offering.

Plus mobileye was/is purely based on oem automotive. We've got fleet and aviation as well so our ceiling is potentially higher.

More importantly how does it compare to imminent.

They've already said they were doing this. Spending might still increase slightly but at a much lower rate than sales growth.

Actually just realised it's only the military simulation that CAE bought, but it probably did affect the terms of the license deal we were working on.

L3 Harris got taken over by CAE which I believe was the issue that the "imminent" licensing deal didn't happen as we were dealing with new management and a larger expected number of units.

I think the complexity of the aviation deal(s) could be an issue we're obviously working with CAE on simulators, not sure if we're working with others.

We've announced we're working with Collins and we're obviously working with BAE. And possibly more. I expect there's an overlap there so do we go for an exclusive with one with a big upfront fee or try and get a non exclusive one with both. Probably very complex discussions and decisions.