Member Info for Lostinfrance

Statement re: Press Speculation

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, notes the recent press rumour and speculation that it has been appointed to deliver driver monitoring technology to Volvo Car Corporation.

Seeing Machines was not consulted on the content of the article and no award has been confirmed.

As previously announced, Seeing Machines currently has seven OEM production programs spanning a broad range of car models across a total of six automotive OEMs globally (two premium German OEMs, three North American OEMs and one Chinese OEM). In addition, the Company has a strong and building pipeline of future RFQs across a range of vehicle classes in North America, Europe and Asia. Any future awards will be announced in due course.

I bought 133,311 shares at 11.09 for 3.056 but not showing here.

The startup has attracted more than $6 billion in outside investment and was valued at $19 billion after its latest financing round in May, GM has said.

VW and Ford scheduled a news conference Friday morning to provide details of further cooperation between the German and U.S. auto makers. Earlier this year, the companies agreed to jointly develop and build commercial vans and trucks. They are expected to outline plans to work together to develop electric vehicles.

Ford and VW began talks last year that led to the January deal to work together on vans and trucks for markets around the world. The idea to work together on electric and self-driving technology grew from those earlier talks. Both sides have said they aren't interested in any cross-ownership deals with each other.

The race to develop self-driving cars has spawned numerous partnerships between car companies, auto suppliers and tech firms -- all with the goal of solving what GM Chief Executive Mary Barra has called "one of the biggest technical challenges of our time."

German luxury-car rivals Daimler AG and BMW AG are working together to develop driverless cars and smartphone-based mobility services.

Alphabet Inc.'s Waymo unit, considered by many analysts to be furthest along in technical development, is working with several big auto makers, including Fiat Chrysler Automobiles NV, France's Renault SA and its alliance partner, Japan's Nissan Motor Co.

Consulting firm AlixPartners LLP forecasts that about $45 billion will be spent on developing autonomous vehicles globally by 2025.

Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co.'s autonomous-vehicle partner, Argo AI, in a deal that values the startup at $7 billion, according to people familiar with the matter.

Ford has been the majority shareholder of Pittsburgh-based Argo since early 2017, when it agreed to invest $1 billion.

Under the agreement with Volkswagen, to be announced Friday, Argo would develop autonomous-driving technology for VW and eventually supply systems for commercial use, while continuing its development work with Ford, the people said.

The $2.6 billion investment in Argo includes $1 billion in capital funding as well as the value of VW's 200-person autonomous-driving division in Munich, which the companies placed at $1.6 billion.

That group, called Autonomous Intelligent Driving, is run by VW's Audi luxury-car unit and will form the foundation of Argo's presence in Europe, the people said.

Major auto makers have been consolidating efforts as they race to develop driverless and electric cars and build business models around them.

General Motors Co.'s San Francisco-based Cruise subsidiary is developing an autonomous-driving system with Honda Motor Co., which has agreed to invest $2.75 billion in Cruise.

After my disaster in Mtfb I’ve put half into here 62 p is a good price and we seem to go between the 50’s to low 70’s so good chance people trade this to follow the trend.

I thought the FDA was making it quicker and easier to pass new drugs, but both here and AGl they want further trials even after they set the first trial design,

170 posts all on SEE , you don’t own any other shares? Or no one pays you to try and deramp any other shares, think you may as well give up mate as you have been negative since your first post.

We seem to do a lot of searching but not much selling to make money.

The breast Cancer study is due to report in the coming months and put in the application for FDA approval in summer. This is what was reported earlier this year. Downstream analyses of the samples will now be completed by the centres and the evaluation of the results from the clinical study and the ongoing analytical studies will be completed with the aim of a submission to the FDA mid-year, as planned. The timing of FDA regulatory clearance is dependent on the FDA's review and response to our submission.
I can only see the share price rising for the trial results, and if all is good ,( which it has been with every trial up to press as far as I have seen) it will make a new high. Then await the creep up on FDA acceptance of the dossier and hopefully Acceptance for approval. After Mtfb falling the other month I’m keeping my fingers crossed.

It says a number of additional models not just 1 .
Perhaps stupid question but still learning , can Flovio be chip or just electronics.
Joyson Safety Systems (JSS) to provide its FOVIO driver monitoring technology for a US automotive OEM as it expands the rollout of their award-winning driving system across a number of additional vehicle models.

Says additional.
Mass production for the additional models is scheduled from 2020, and the expansion represents an initial estimated lifetime revenue of over A$7 million for Seeing Machines.

ET has been a trol since the first day he arrived, he put a angle on it at first to try and balance his views , you get them on mist AIM sticks now,
Why don’t you just ignore him it makes more sense. Don’t feed him.

I can’t see that they made a bid as it woukd have been notified. There’s too many people trolling and staring things up here now.
My main concern is next year if the money is getting low again that management takes it private on the cheap or sells to another company where one of them has a interest. I have experienced it before on AIM.

The results look good to me, why are we falling?
It was already cheap and good cash flow.

Terry. Personally apart from trying to make money with SM , i wish cars were simpler again like in the 1980’s , there’s too many electronics to go wrong now, same with all electrical appliances. The life of the products has got shorter. It’s all for consumerism and making money for the companies and governments .
The next thing is this automatic speed control, but I’ve heard about automatic fines for speeding been sent out, as cars sending all the data back to dvlc, or a control center, this was from a friend of mine testing semi autonomous véhicules for a Uk Insurance company.

I think the big question is are we only going to be in high end cars, or the run of the mill small cars too, as this will be the bigger market share.

We seemed to be raising a Lot more money than most here were believing we needed.
It may be the case the company are playing a game as suggested, not hyping up wins but knowing that the next year is going to be a game changer and the expansion is enormous compaired to the previous years.

I’ve just bought some more today, as the results are due, I can’t see any bad news and broker forecasts were in the low 30’s for value. It seems to be picking up off the lows too, but I’m normally wrong lol.

I think when no news is due, even if it’s only for a few weeks traders sell trying to force the price down before buying back in later. It coukd drift to 45 again before people start to buy again imo

Ifs funny the different views , Malcy blog saying we are doing great and a big year coming up, but this is said every time.
But then investors chronicle says underwhelming ,
Oil price is rising but we seem stuck in a rut,