Member Info for Lewbo18

Hi Ken glad to have you back.
Is that airplanes or aeroplanes? Sounds a bit like a Swede learning English via America.
Having said that you are funny.

Surely people dont think the market -
A. Are actually monitoring SEE in any detail.
B. Know what the scope of this company is about.
C. Care about wins on paper at this stage.

Breakeven details and a license deal will be the catalyst. Oh and a PR response by Antenna the likes of which we haven't seen.

https://www.seeingmachines.com/industry-applications/aviation/crew-training-system/

Yes thanks Cella - the NTI tie up looks like it could add to the installation rate too.

Steve , L3 bought the Thales commerical FFS part - thales are restricted to competing in the Heli and Defence training now. I suspect if it is aviation it might be CAE who (and I'm only talking commerical training here) account for 56% of FFS in 2018 (L3 was 20%). CAE supply FFS for Emirates so that may be the tie in.
It could be that SEE license both L3 and CAE to get the revenue income up front in lump sums.

Coldfish, unless you followed yesterday in real time you could be forgiven that it appears that the talk was about rubbishing SEYE.

For those that didnt, there was a new poster joined who attacked SEE. Admin then banned him but a couple of hours later he came back under a different but similar name doing the same thing. He was again banned by Admin and posts removed.

It was not an attack as it seemed on SEYE that you are reading but response to that idiot.
No doubt he will come back under a different name.

'I´m not even invested in any DMS supplier, but following' . LoL
You're very defensive about SEYE or are you just trolling for fun.

EyeNotTracking.
He said we are all doomed and Smarteye is brilliant - I've paraphrased a bit as he was abusive. You got a mention so it was probably someone close to SEYE you've annoyed.

ET your post was removed because the whole thread was removed. Anyone who commented on the thread. It wasn't what you wrote it was what ENT said.

Certainly the thread has gone. Perhaps he has just been suspended for a while. Guess we will know soon enough.

"With offices in China and strong local presence, Eyesight is already providing an Aftermarket DMS solution for fleets and is now strengthening its hold on the OEM, Tier 1 market."

https://www.eyesight-tech.com/news/eyesight-technologies-partnering-leading-tier-1-continue-leadership-chinese-market/

Facial recognition specialist Megvii plans share sale.
It booked a 3.35bn yuan ($468m; £383m) loss in its last financial year, and a further 5.2bn yuan loss for the first six months of this year.
So that's about $1.1Bn loss in 18 months.

https://www.bbc.co.uk/news/technology-49473583

Beef this is the latest.
Expect Aviation to be added 'soon' and some OEM(s) news too.

https://ibb.co/pK2dP3J

The short answer is yes, A$500m - A$1bn revenue per annum in 2025 is a distinct possibility.
The more I read about Auto the more the numbers being quoted don't add up - of course some here may say mine don't either but I'm happy to see others calculations. Now that fleet is fixed god knows where the installed base could be by 2025.

Back of an envelope and I'm being conservative...
In 2025
Ignore China - so Vehicle production of 65m per year.
Say 75% have DMS by 2025 = 49m.
SEE get 25% (Ken) = 12.1m.
Revenue per unit of A$20.
Yearly revenue is A$244m for 25% of the market

Cenkos suggest by 2025 - but based on different criteria than my simple calculations:
@ 25% = A$210m per annum
@40% = A$350m per annum
@50% = A$430m per annum

They also state that they assume that SEE only get 50% of the business on offer from any one manufacturer to account for the automotive supply chain preference to dual source. Personally I don't think this will happen.

I find it hard to believe some of the volume production numbers because they have stated that some of the contracts already announced are based on single digit % of what the OEM actually produces. So really the values above could be a massive underestimation.

My opinion only. #gonnaneedabiggerboat #Team300

S2020 - that's a good list of OEMs.

To put the value of SEE wins into perspective Cenkos said this back in March 2019.

"Seeing Machines has announced six different OEM wins to date and, as discussed in our previous research, we believe the company has announced extremely conservative minimum lifetime revenue expectations from these. We believe the figure of A$146m equates to production of 0.9m vehicles pa by around FY25, equivalent to revenues of A$22m and a gross profit of A$17m."

......... Yes in their opinion the revenues given equate to SEE tech being used in about 900k vehicles by around FY2025!! what an underestimate.

Good article JC.
"Continental supplies ADAS-related parts and components to all Japanese automakers except Daihatsu Motor Co., while Bosch does the same for Toyota, Nissan and Honda."

Conti and Bosch keep cropping up now.

Conti haven't won anything yet.
They say they will be in series production ready in 2021. What does that even mean.

Until Conti say they have won an OEM design win then relax. Having said that if Conti do say they've won a DMS win I expect SEE to issue an RNS at the same time.

So conti has now developed an appropriate solution in the form of a combined camera system comprising an inward-looking infra-red camera and an outward-looking camera.

Sounds like they combined 2 things and thats their 'solution'.

Could easy be SEE and we did work with them a few years ago.

Odd Semi refers to OEM8 - we believe to be BMW extra and our rns focussed on saying it was all about being ready for ENcap.

no driver experience restrictions for NTI Fleet and Yellow Cover policies
excess reduction
market value plus
reinstatement of the Seeing Machines hardware.

https://www.fullyloaded.com.au/product-news/1908/nti-deepens-seeing-machines-safety-tech-relationship