Member Info for chris100

Smarteye DMS was in the Audi A8 I believe for Traffic Jam Assist. Yet I posted back in Feb that for some reason VW Group opted against using this same tech in the pending 2019 VW Passat, which is a level 2 car capable of travelling at motorway speeds. There is instead a requirement for the driver to keep their hands on the steering wheel.

https://www.greencarcongress.com/2019/02/20190206-passat.html

Why no DMS here? It's not like SEYE haven't been working with VW for ages.

I have referred to the ISO stuff before and that I personally couldn't establish whether Smarteye were ISO 26262 accredited or not, only that both SM and SEYE are recruiting staff with knowledge of this same standard.

Toll has rolled out new technologies including fatigue monitoring in to it's new mining services fleet. Interestingly, Thales is the partner here. I'd previously thought Thales were exclusively aviation!

https://www.fullyloaded.com.au/product-news/1907/thales-hails-toll-fleet-tech-contract

I am also wondering if this is OEM 2 (Merc?). The original contract value there was estimated as between $10 to $25 million AUD. Whereas the figure for OEM 3 (BMW ?) was much more precise at $25 million AUD.

Good RNS and I think there will more to follow soon. I'll admit to being a bit confused by the contract values however - $11 million AUD at the lower end, $30 million AUD at the upper end. Is DMS not going in to all the OEMs cars to satisfy Euro NCAP? I just don't get the differential in the potential contract value.

Level 4 cars will still have a steering wheel and by extension DMS. Will level 5 happen? According to Nick Di,not anytime soon.

ARE YOU RELATED TO ODONNELL ?

I can only again relate my own experience with Norcros. The SP was trading in the 15p-20p range for a few years. The 600 million shares in issue was reduced by a factor of 10, to 60 million shares, putting the SP in a trading range of around £1.50 to £2.00 for some time. I think 3 years has elapsed since the consolidation, the SP is now at around £2.20 but a further 20 million shares have been issued to fund an acquisition. This has not boosted shareholder value.

One more point to add. If a company wishes to conduct further significant placings, it may be in their interest to conduct a consolidation. It may be easier to get away a large placing under the guise of there not being such a great number of shares in issue. For me, as someone with a large shareholding, a consolidation would perhaps be a trigger to sell a substantial number of my shares . Even if I am sceptical that a further placing will be needed here.

It's a vanity exercise.

DOH, I'm not much good at maths lol. I recall being invested in norcros for a number of years. There was a share consolidation of 1 share for 10, reducing the share issue from 600 MILLION to 60 MILLION. This artificially inflated the SP but the relative value of my shares barely improved while I was invested. Not much has changed on glancing at it just now.

I recall being invested in norcros for a number of years. There was a share consolidation of 1 share for 10, reducing the share issue from 600,000 to 60,000. This artificially inflated the SP but the relative value of my shares barely improved while I was invested. Not much has changed on glancing at it just now.

We shouldn't forget mining + rail, which generated $4.6m in the first half. I'm not sure what level of royalties SEE are getting from Progress Rail, but I forgot the contract was extended in Sept 2017 for 5 years. If a rail operator such as First was to purchase the rail offering at some point, I don't whether this would definitely go though Progress or whether SEE could circumvent them as they seem to have done in tram/light rail.

ET,
I can't see why they can't take on a little debt, if needed, it further auto contracts are bagged. Benchmark (AIM listed) are a higher market cap than us, with v good prospects, but have circa 60-70 million pounds debt. A debt that high is not desirable imo, but like I say, if the company bags lots of auto contracts why can't it take on a little debt.

Current funds should last at least 2 years imo. There's also purportedly a debt facility in place. Licence out aviation and rail. There's been enough fund raises and taking the **** out of long term investors..

"We've recommended operators implement real-time fatigue monitoring systems, encourage workers to self-report fatigue and medical conditions, and review roster cycles.

https://www.singletonargus.com.au/story/6263931/bulga-mine-accident-raises-issues-with-worker-fatigue/

Interesting. The first mention of the chip in relation to an OEM award was when OEM 4 was announced (Ford supposedly) in June of last year. There was no mention of a chip in the earlier OEM awards, which included the two German OEMs.

Canberra is the best city in the world to live, according to the OECD back in 2014.

https://www.bbc.co.uk/news/business-29531850

I actually considered that the idea of leveraging of our IP would apply to the Fleet telematics market. The off road business was allowed to mature for a couple for years until sold to CAT - is aviation mature enough yet or does it not matter. I am looking back at that presentation from Dec 17 and wondering when the FOVIO SoC will be available for embedding in telematics partners' boxes. Is this a more likely path for leveraging of our IP? (page 7)

https://www.seeingmachines.com/wp-content/uploads/2017/12/Seeing-Machines-SEELONDON-v32-Public-04-12-17.pdf

Despite all the scarecrows coming out of the woodwork here - volume is still very low at the moment. Check the yahoo shares chart. A quick check of SEE.L on yahoo shows you this.

Interesting. Looks like a DMS at the top of the instrument cluster? Also, mention that the cars software can be upgraded via over the air updates.

TLS - yes, I can't see 8 million autonomous vehicles either to be honest. But, I am wondering whether bdms could provide some nice income in addition to fleet over the next few years. Perhaps tens of thousands of level 4 vehicles on the road, at least in Waymo's ambitions materialise.

I also think it difficult to for a company to get a good rating on AIM. It's looks like an investors graveyard to me when I scan other companies.