Member Info for Lewbo18

The figures Smarteye quote "if we win all models in the platforms in all won oems" are in billions.
Bit of a nonsense really as Martin lauded being the incumbent for BMW in all his presentations yet they have lost BMW to SEE.
Some refresh BMW models which include iDrive 8 have also been lost, but Seye's "if we win all future models" numbers don't really stack up. IMO DYOR

Yeah Teamin, they are really trying! LOL

Have to hand it to Paul and team, the Magna deal was stunning in its value to SEE. Fully funded and all it needs is a decent cash deal up front and breakeven maybe 2023. Otherwise 2024.

SEE get $17.5m and also get funding at 11p, all when the share price was around 6.3p. Remarkable..

Interested to see at what price Smarteye raise funds. Not sure but I think the last directed share issue they did was at 183 SEK.
Current share price is 60 SEK.....

I do expect that a proportion of the to be connected are from Shell. And once connected and stock available (which is from now) Shell will buy more and will be reflected in the large stock delivery Paul talked about. My impression is that fleet will shift up a gear after chip issues and this is the ramp up phase... DYOR

10k guardian units to be connected, probably by end June (this fin year) adds another $4.2m (say $35 per Month fee) to fleet. Then G3 connections start for the sales between now and then, and any other G2.1 sales. Fleet is ramping up after chip shortages /costs/re-engineering.
Auto, i expected about 600k but we now have numbers to watch. Early 2023 is when we should be in full production for the wins from the last few years.
Not very very disappointed and won't be having a serious think.....

SEE, generally never take a booth, its generally at partners. SEYE are paying for one at this ITSEC just after xmas day and then paying for one at CES the week after. Expensive stuff given their current funding.

SEE tend to get invited onto our partners stands. It is my understanding that SEE will be at CES with several partners.

I suspct Subaru could be next on SEEs list of wins

Guardian sales figures are as important as connections because of supply issues. Bit like auto NRE, sign of whats coming.

Phil, SEE's first DMS/ OMS award was April 2021, at least that was when we were officially notified so assume it was sometime before that.

I expect that the delay in the current ones (expect that the DMS/OMS suppliers probably know by inference already) is due to OEMs changing volumes/models as time is not on their side. But then again who knows really...

Of course Martin and his family own a decent chunk of Smarteye, diluted down to single figures though now and will get smaller no doubt.
Redeye, Smarteye's broker say that they can dilute by 10%. That'll keep them going till April ish just to keep going and no increase in R&D. So Redeye suggest a loan of a comparable amount to keep them going to Sept ish.

Paul did mention that he was surprised that funding and liquidity hadn't been an issue for OEMs.... Perhaps until now

Of course while Seeing Machines shareholders await the rns's about contract wins which we know are coming and safe in the fact SEE are funded past profitabilty , our friends in the north Smarteye are waiting news of their fundraise to keep going....

Schlem, good find that....

So Magna are building new factories to support ADAS functions including Magna’s most advanced front camera modules and in-cabin cameras for the launch of the company’s recently announced integrated driver and occupant monitoring system.

And ramp up of staff through 2027. Magna must see a lot of work beyond the exclusive deal signed with SEE. May have to negotiate another 3 year deal in 2026 if it suits both parties.

Hadn't realised that the US bill passed in Nov 2021 and has a 3 year timescale.

More legislative tailwinds towards DMS technology. Nov 2024, those OEMs need to get a move on. Although we know some are for ADAS functions already.

"Senator Ben Ray Luján in the U.S. Senate, sets the three-year timeframe for NHTSA to identify the new auto safety standard, then gives auto makers another two to three years to implement it. The three-year timeline began on November 15, 2021. Victims and survivors of impaired driving were the driving force"

Phil there are staff in Boston and Cairo who state they work for Affectiva and now Seye in their timelines so still wouldnt be sure you can use linkedin and quote % increase in staff.

Anyway i was referring to Seye immediate need for cash as a very big issue for them. Let me know if you want the reason for saying this.

Phil, not sure the linkedin numbers are accurate. How many Affectiva and iMotions staff have now designated as Seye employees in the last 6 months?
You can see they are starting to do it so not sure you can count % increase accurately. Also i think Seye are claiming 350 employees in the 3 companies so the 200+ on linkedin doesnt reflect all their areas if work.
Seems a bit inaccurate to claim % increases in staff from linkedin.

They certainly need to do something pretty quickly.

Yes it was Cenkos that pointed out the fact that the RFQ's went from 6 to 10 in a matter of weeks.
Paul did mention that some of the OEMs were getting into panic mode and had not made the decisions in a timely manner.

That's were the Magna mirror DMS system comes into play as it is much easily integrated and can be implemented quickly into a number of different car models without having to re-engineer systems.

It was in the Junko interview where Paul said.....
"our objective is to win as much pre Ncap business then incumbency will drive organic growth".

Put simply the RFQ's out now and due shortly are critical to OEMs . As pointed out our historical win was 80% and in the presentation Paul assumed a figure of 60% ( well we know they underestimate everything so far) . The RFQs must be large and will determine who wins the DMS/OMS market in the short medium and long term.

The confidence of SEE to win good business and then incumbency kicks in to maintain the upward growth. Its all coming together - just need to start issuing the wins that we all know are coming.....

In October, Australia-based Seeing Machines inked a $65million, or £55million, deal with Canadian auto parts maker Magna to develop and co-market a driver and occupant monitoring system underpins his optimism.

The new product will embed a camera in the rear view to monitor both the driver and occupants of vehicles.

‘We view Seeing Machines’ recent deal with Magna as a game-changing moment that signals the start of a period of significant value creation, cashing in on more than 20 years of technology development,’

I rest my case!!!!