Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Well spotted GB2. I was re-watching the interview with James Palmer and Nick de Fiore the other day, filmed after the first half results. Nick mentioned they were expecting some more oem announcements (plural) in the second half i.e. before the end of June. We have had the second German oem but I am also expecting another announcement in the next few weeks.
I keep re-reading the comments from Colin Barnden, especially this bit - � If you were to take a market size of 20 million units for camera-based DMS and apply your other estimates, you would have a revenue for Seeing Machines just in automotive of about USD 375 million in 2021. If you compare that to Mobileye�s revenues of about USD 360 million for 2016 then some interesting conclusions can be drawn.� So he is predicting potentially that by 2021 our revenues in AUTO alone will be higher than those of Mobileye the year before they were bought for $15 billion. These forecasts are before he has taken into account the increased demand based on EU mandates and Euro ncap possibly clarifying camera based dms. They also do not take into account the small matter of trucks, coaches, buses, vans, off road, trains, planes as well as future applications - when they announced the Fovio chip the company said �a world first in DMS performance and price optimised hardware platforms that will deliver physiological and psychometric monitoring to passenger cars, commercial transport and ultimately for the Internet of Things and artificial intelligence (AI) applications.� When you take all this into account the mind boggles at what SEE must be worth to a potential acquirer, but I now think the Mobileye IPO value of $5 billion is starting to look cheap.
� This development will have a significant impact on OEMs in automotive and heavy vehicle manufacturing and the Company expects that there will be an extremely positive impact on its near and long-term business outlook as a result.�
If we finish above 10p Ill be delighted, but I think we still have a way to go. Volume yesterday wasnt huge for such a milestone announcement - 30 million. There was 59 million traded on the back of the first premium German Oem announcement. Hopefully we can follow it up with further program awards over the coming days/weeks. Still so much news to come.
Morgui, as I understand it our competitior�s tech (mainly Smarteye) isn�t good enough for high precision automotive applications which means SEE should get the pick of the premium brands, whereas Smarteye tech is being put forward by the tier 1s as a lower end solution. However SEE have the ability to de-tune their higher performing solution to require less hardware, allowing them to go head to head for lower level applications as well. I think this is why Chris Menon thinks SEE will win 75% of the global dms market, and I�m inclined to agree with him.
Great post as usual Sandy. I agree with the Mobileye comparison - the sky is the limit here now after mandate for not only cars, but trucks, buses, vans etc. After the years of frustration we can all allow ourselves a little smile tonight (and maybe a few drinks)
https://etsc.eu/new-eu-vehicle-safety-standards-could-prevent-25000-deaths-within-15-years/ Seems to confirm they have gone with option PO3 from the report: According to analysis carried out for the European Commission by TRL, the UK transport research laboratory, the proposed vehicle safety measures could prevent 24,794 deaths across all vehicle categories between 2022 and 2037.
Think you can watch it live at 1pm on this link - https://t.co/dMSdH4a3Zr
Plus don�t forget Colin Barnden, who thinks oems may choose a more complex dms anyway - � The mention of an event data recorder also suggests a Tier 1 might go for a more complex DMS in order to save cost on the DMS/EDR combination.� So even if option 2 is chosen the oems may still prefer option 3.