RE: Where is our RNS PMG ?20 May 2026 07:58
Ai's take on it π
While partners like Valeo and Magna often announce DMS wins that include Seeing Machines technology via RNS (Regulatory News Service), Seeing Machines does not necessarily have to issue a corresponding RNS for every announcement.
Seeing Machines is listed on the London Stock Exchange AIM market and must follow AIM Rules regarding disclosure, specifically relating to price-sensitive information.
Key Points on RNS Requirements:
Significance of the Deal:
Seeing Machines generally issues an RNS for new, material contract wins (e.g., "$30M European OEM win") or significant milestones. If a partnership, such as with Magna, is already established (e.g., the 2022 and 2025 announcements), specific "wins" that fall under that umbrella might not prompt a new, separate announcement unless they are deemed highly material or a substantial expansion.
The "Partner" vs. "Technology Provider" Role:
As a tier-2 technology provider for Tier 1 suppliers like Magna and Valeo, Seeing Machines is often not in the same position to release specific OEM brand names or contract values in the same way the partner is.Existing Agreements: The partnership with Magna has already been announced, and recent RNS (as of November 2025) have confirmed it covers "multiple customers" and "several million units", which acts as a general announcement for ongoing wins.
Aggregated Updates: Seeing Machines often provides updates on these types of wins through consolidated updates, such as their "Auto Royalty Run Rate" KPIs (Key Performance Indicators) and quarterly or half-yearly trading updates, rather than ad-hoc announcements for every single OEM win.Therefore, while they can issue an RNS, it is not required for every win if they consider it already covered by existing disclosures, or not immediately price-sensitive to the same level as the Tier 1 winner.