Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Due to start testing self driving vehicles again by end of year -
“I think the accident led us to pull back and relook at our processes — operational processes, technology processes — from front to back, so that when we get back on the road, and we are going to get back on the road in self-driving, and start testing our technology again we do so in the safest manner possible,”
"safest manner possible" possibly indicates camera based dms - are the pieces coming together? That would certainly be a nice rns if not covered by nda.
https://www.bizjournals.com/pittsburgh/news/2018/09/06/uber-ceo-says-company-plans-to-restart-self.html
Absolutely huge development. All eyes on @Uber when they restart testing then. Look for the Guardian @seeingmachines headunit in the photos and video footage. Surely only Guardian and Nauto will take this business. Gets right to the heart of AV testing in Silicon Valley.
Specs for Guardian BdMS shows issue with cost overruns for Gen2: 32GB of on-board auto grade flash memory. Necessary to store video footage. Flash memory costs what it costs. SM can't be blamed for industry wide memory pricing issues & IIs will know that.
Significance of Guardian BdMS is it puts @seeingmachines firmly on the radar screens of silicon valley VCs & other investors in AV companies. Looks like a respin of Gen2 with the automotive algos moved over & some other redesign. v.v smart thinking here & very timely.
Guardian BdMS from @seeingmachines is now the part of the co. most likely to bring in strategic investors...which is almost certainly why SM developed the product. Units won't be huge but publicity could be truly extraordinary. Headunit is distinctive and easily recognised.
Major hat tip to both Paul Angelatos and Nick DiFiore at @seeingmachines for some very smart thinking, clever product development and engineering redesign. Clearly this has all happened since Uber crash at end of March (<6 mos.).
I was happy on Monday, but by Tuesday afternoon I was thinking HEAVEN KNOWS, I’M MISERABLE NOW. However, now I’m thinking 2019/2020 WHAT DIFFERENCE DOES IT MAKE? So come on Ken PLEASE PLEASE PLEASE LET ME GET WHAT I WANT.
More from Semicast - "
If web chatter is correct and OEM4 for @seeingmachines is Ford F-150 p/u truck, it means other p/u OEMs (esp. FCA for Chevy/Dodge/RAM) had to react. Also then includes VW, GMC, Toyota. Trucks might speed DMS entry into USA even more than legislation in next 3-5 years."
Viktor thinking Smarteye may win Fiat Chrysler as they have chosen Aptiv as their level 2+ dms tier 1. He seems to be basing this on FCA saying they expect to see it in 2019/2020, whereas SEEs BMW win (assumed to be partly with Aptiv) is from 2021. Not too sure this is a good way of gauging the likelihood myself. Would Aptiv/Fovio chip not be a fast and available solution? Expects a decision from FCA by end of this year.
http://old.redeye.se/system/files/private/report_files/2018/09/update_20180902_39535.pdf
https://twitter.com/seeingmachines/status/1035481333395423232?s=21
Wednesday RNS from @seeingmachines is technically very complicated to explain. Would expect @kroeger_ken to do a media interview this week or next to say more. Lack of understanding both of edge cases and complexity theory is the cause of crashes for early L2 systems.
The market values @seeingmachines as for any other AIM-listed stock (by DCF model). It is not. SM Guardian is critical to the development of understanding edge cases for autonomous driving with its real world, on road, dataset & Human Factors research program led by @DrMikeLenne
Solution to "edge cases" is gathering VAST quantities of data. Guardian from @seeingmachines is an automotive grade data gathering and edge case detection machine with >1.3 billion km of data so far. Prediction: Guardian will surpass 5 billion km of data by Easter 2019.
Won another 5 design wins from their premium European manufacturer (who I think we believe to be JLR?) Same platform as previous so make sense.
http://news.cision.com/smart-eye/r/smart-eye-receives-five-more-design-wins-from-an-existing-customer,c2599789?utm_source=dlvr.it&utm_medium=twitter
https://aurus.website/2018/08/23/new-volvo-technology-to-monitor-drivers-honest-john/
Viktor thinks future market share to be decided in next 5 quarters
http://old.redeye.se/system/files/private/report_files/2018/08/update_20180822_39416.pdf
Latest forecasts showing 60% plus adoption of camera based dms by 2025
https://twitter.com/semicast_res/status/1032209162208534529
About willingness to hand over control to a so called "self driving" car. I found this of particular interest - it is a quote from Jack Weast, Principal Engineer & Chief Architect of Autonomous Driving Solutions at Intel:
“The largest volume of automated vehicles are going to be those where there is going to be a human driver,” a so-called Level 3 automation, as compared to the Level 5 fully autonomous cars, Intel’s Weast said.
So with all the fuss about autonomous vehicles the main guy at Intel thinks that most of them will still require a driver (and surely therefore driver monitoring).
https://www.timesofisrael.com/i-cant-even-give-in-to-cruise-control-how-could-i-cope-in-an-autonomous-car/
eeing Machines leads pilot training collaboration
Canberra, 9 August 2018: Seeing Machines and Emirates airline have, together with Qantas Airways and FedEx Express, arranged and completed a workshop aimed at improving the training of pilots in the aviation industry. As part of their continued work towards increasing safety in their operations and the global aviation industry, the three airlines have independently recognised the need to make use of current eye-tracking technology and simulator data to enhance current methods of pilot training.
The two-day workshop was hosted by Emirates in Dubai, and facilitated by Seeing Machines. The event included experts and senior managers from the involved parties. Together they drew on their collective experience to develop ways forward for using eye-tracking for deeper understanding of pilot performance in relation to flight training trends as well as to address current issues and gaps. In this, the main industry challenge of understanding scanning and monitoring, stands out as a challenge that can only be met with access to data on where pilots direct their attention in normal operations and non-normal situations.
All the three airlines at the workshop have been working with Seeing Machines in recent years to explore the use and benefits of eye-tracking technology. As a result, the workshop closely examined how an eye-tracking product for pilot training would specifically support and optimise flight training through all phases of training, including use in both part task trainers and full flight simulators.
Patrick Nolan, GM of Aviation at Seeing Machines commented:
"Having key industry leaders attend this workshop clearly demonstrates the strong support and commitment within Aviation to adopt technology that will enhance safety and support critical training requirements in their organisations and across the sector.
"It was a great experience to work with senior Aviation specialists from different carriers and operators who shared real and current issues that will feed into the product we are developing to support the industry's needs."
Whilst I agree that they could learn how to word their RNSs with more positivity, I’m not sure where all the panic over cash has come from all of a sudden. Cenkos forecast $41.6m in June and prior to that Finncap had us at $40.7m, so a figure of $43.4 is better than I expected. Cash burn doesn’t run in a straight line and as someone else pointed out there have been exceptional costs such as new hq refurb, new offices in Japan, equipment etc. Im surprised anyone who has read the broker reports would be shocked or disappointed with the final cash figure.