A very obvious reason would be to support their host company in their efforts to gain further inward investment. By doing so Kefi might hope to get favorable treatment in their current mining endeavour and future license applications. But I’m sure you could have figured that out yourself if you didn’t just want to be negative. Gaining new interested investors to raise the sp before a future head office admin fundraising would also be good.
https://www.createdigital.org.au/seeing-machines-improves-driver-safety/
Some extracts.....
Driver Monitoring: We have been developing solutions to address driver distraction and fatigue as they relate to
traditional driving situations and driver attention for hands-free driving. In 2017, we entered into an agreement with
Seeing Machines to accelerate this effort. It appears very likely that this technology is going to be mandated as part of
the General Safety Requirements (GSR) in Europe to obtain vehicle homologation for new vehicle types by 2024 and
for all new vehicles from 2026. It is expected to be necessary to achieve a 5-star NCAP rating in Europe in 2025 as
well as Level 3/4 autonomy solutions worldwide. Our non-exclusive agreement with Seeing Machines to utilize their
reference design and market under a license, provides Veoneer the capability to build hardware and feature level
solutions on top of Seeing Machines’ world leading head pose, gaze and recognition data outputs
In January 2021, Veoneer and Qualcomm Technologies, Inc. signed an agreement under which the companies will
collaborate on the delivery of scalable ADAS, Collaborative and AD solutions. The collaborative platform will integrate
Veoneer's next-generation perception and driving policy software stack (Arriver™ Products) and Qualcomm®
Snapdragon Ride™ ADAS/AD scalable portfolio of System on a Chip (SoC) and Accelerators. The platform will address
the growing needs of the automotive ecosystem for scalable and upgradable solutions, which requires highly advanced and
power-efficient compute, connectivity and cloud service capabilities across all vehicle tiers. Veoneer and Qualcomm
Technologies have been working together since the first announcement of their collaboration in August 2020 to create a
roadmap of a scalable, open ADAS and AD system that will be able to address the entire automotive OEM market with an
integrated software and SoC platform.
Honda new products will not have Supercruise in Europe as Supercruise linked to pre-mapped dual carriageways in the US.(and China).
There has as yet been no confirmation of DMS alone from SEE being included - though I am open to correction.
GarryParry - no idea of the cross-over with Seeing Machines but definitely a significant company - publicly quoted - and to my mind another indication of the scale of company with which SEE associate. By extension gives me confidence in the solidity of SEE as a business.
Q1 2021 Revenue above 500million USD.
Q1 2021 Expected Earnings (Before interest and Tax) above 100Million USD.
Market Cap above 5Bn
Extract fom Q4 2020 Financial Report....
"ams expects its ams business to grow year-on-year in the first quarter at the midpoint of expectations in spite of typical seasonality. Based on available information and the definition above, ams expects first quarter ams business revenues of USD 500-540 million, up 4% year-on-year at the midpoint. ams expects an adjusted operating (EBIT) margin for the ams business of 20-22% in the first quarter. "
Yes RFrost - certainly more confirmation from the company than we have been used to. Good to see.
Perhaps more "softer" prospects will be outlined in follow-up interviews. eg the prospects from Omnivision, L3harris and Qualcomm.
DETROIT — General Motors plans to expand its Super Cruise semi-autonomous highway driver-assist system to 22 vehicles by 2023, including 10 by next year, the company announced Wednesday
https://www.cnbc.com/2020/02/05/gm-expanding-super-cruise-driver-assist-system-to-22-vehicles-by-2022.html
"....30 distinct car models.. I'm fixated on this number.
That's a lot of guess work ahead in the coming months for which models are covered..."
I don' think there is a lot of doubt about most of them...
GM - 22 models (Supercruise announced)
Ford - 4 or 5 ( F-150, E-mach, + + )
Mercedes - 3 or 4?
"One thing I am comfortable with is that Harry has proved himself adept at securing financing....."
That is good - can you point to some projects for which Harry has secured finance ?