George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi Shrey,
Let say some cars have developed L5 capability - what about the cars next to it / the trucks etc. To put in perspective as we drool over the number of cars adopting L2+-L3 level over the next few years, most cars on the road now are probably Level 0 in terms of autonomy. In fact, as we move up the levels, some experts have even proposed a more comprehensive way of training the drivers i.e. you can't just buy a car with loads of techs without having to learn about how to collaborate with the machine, handover etc. Then if you have an accident (hitting object/ another car etc) who's responsible?
So I guess the question is not when but IF that time ever comes...
p/s: then some people want to fly in their cars.... :)
Both Euro NCAP and Consumer Reports have arrived at the same conclusion despite evaluating DMS tech independently.
DMS is here to stay and those who believe that the tech is obsolete or worse that torque sensor is a superior option or front cameras are adequate have lost the argument. DMS is the biggest leap forward amongst all the active safety element.
The big news for me me apart from release of Guardian 2 is it’s use for in LCV. That’s probably another huge markets (well over 100M vehicles annually) and hopefully our distributor channels are global enough that we can compete with the like of Lytx/Nauto.
I’m sure more can be said about the tech too.
Great find Klick.
It almost reads like an RNS announcing Guardian 2 release — only that it’s done by CAT. Seems that they’re now one of our distributors and offer monitoring services as well.
I don’t think there’ll be new licencing announcement with CAT but the ‘field of use’ has already been negotiated before — can’t find the announcement.
CAT has been a great partner over the years. I’m sure the income from CAT tripled yoy (?royalty). It’ll be interesting to find out how much we get from them for 2020. If CAT runs a profitable monitoring centres (like we do) it’ll only mean more income streams for SEE.
Seeing, did you miss out BdMS?
It may be the only RNS we’ve got on it but the product i.e a Guardian-derived product in cars (with forward looking cameras) is very much applicable in auto setups. Some Insurance companies already offer discount if you’re willing to have one installed. So I think, the legal/liability aspect of L3-L4 may result in a ‘comeback’ for BdMS or by any other name as offered by SM. Embedded or after market option again perhaps?
If SM continues to play on its strength, guardian BdMS and monitoring centres, we should be able to offer especially in commercial fleet (taxis, delivery vans etc). And probably our own cars to reduce insurance premium and of course safety.
Or we’ll hear more from AV companies...
Thanks Lewbo for pointing that out. I did read that. But I’m wondering as there were many II’s invited and Stifel has a reputation to look after (need for bringing in more than one II after that).
Also felt the so happy been worked down to reach this level - was hoping for more meaningful premium for 10% stake. Even 5p isn’t a big ask for all the announced strategies.
The main question for me is if this is the first US II, what will the second US II and fundraise look like? I’d be looking forward to seeing this unnamed II to increase their % by buying in the open market.
Thanks TLS. Sound like a prof I know. ;)
Last year’s Autosense award went to a different company for interior monitoring whilst we won the infotainment tech (if memory serves me well. Hopefully with the new strategy based on safety first, that’ll make SEE OMS more attractive to OEM. Nick used the word ‘OEM.... getting excited’.
Thanks TLS. on Xilinx webpage that talks hv with SM, it predicts there’ll be on average 4 cameras looking into vehicle by 2025.
With the fish eye camera offering surely we won’t need 4. But then again I’m sceptical that one camera can do the job for all occupants plus driver.