The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
HARL are in the afternoon session of this Proactive Investors forum next Wednesday afternoon (Managaement Q&A sessions)
https://www.proactiveinvestors.com/register/event_details/376
Great find Seize - it's so good to see SEEING's collaboration with ADI being highlighted - ADI are no minnow (FY22 $12B revenue; gross margin 74%; free cash flow $8.3B)!
.......
The top holding in the Neuberger Berman Disrupters ETF (NBDS ) is partnering with a designer of AI-powered operator monitoring systems to improve driver safety.
Analog Devices Inc. (Nasdaq: ADI) and Seeing Machines are working together to support driver and occupant monitoring system (DMS/OMS) technology. The collaboration combines ADI’s infrared driver and Gigabit Multimedia Serial Link (GMSL) camera connectivity solutions with Seeing Machines’ artificial intelligence DMS and OMS software to support eye gaze, eyelid, head, and body-pose tracking system technology that monitors driver fatigue and distraction.
The note is a good summary -
On the 22 December 2022, Seeing Machines announced it had won a new DMS programme taking its embedded software into entry level vehicles. The programme is the third largest win to date by value with an initial lifetime value of US$32m, bringing total wins to-date as announced to US$321m across 10 OEMs. Whilst Seeing Machines’ market share lead has narrowed over the past few months, we see the recent news of further silicon level DMS integrations for Seeing Machines software, combining with strong positioning in central processing/infotainment (QUALCOMM) and standalone rear-view mirror DMS/OMS (Magna), as leading indicators that Seeing Machines is positioned to win more than 50% of the DMS market by volume and value. We iterate our Buy and 24.3p price target.
- Win focussed on lowering the integration cost of embedded software
DMS programme is with an existing Teir-1 and existing OEM (European-based global automotive group) to deliver Driver and Occupant Monitoring System (DMS/OMS) in a programme geared to lower integration cost and substantially extending Seeing Machines’ embedded software reach cost effectively down to entry level vehicles.
Win focussed on lowering the integration cost of embedded software – The new DMS programme is with an existing Teir-1 and existing OEM (European-based global automotive group) to deliver Driver and Occupant Monitoring System (DMS/OMS) in a programme geared to lower integration cost and substantially extending Seeing Machines’ embedded software reach cost effectively down to entry level vehicles.
Silicon level integrations to lower cost of standalone or combined systems – From a busy week at CES, Seeing Machines has announced a suite of chip level DMS integrations including Ambarella, OmniVision and indie semiconductor. Dedicated silicon (ASICs) for DMS from these will provide cost competitive options for a broad range of OEM/T1 DMS integration strategies. We believe custom silicon developments will help accelerate mass-adoption of DMS across all vehicles and note that so far all silicon producers are choosing Seeing Machines.
Seeing Machines market share has declined but is expected to rise again – After a strong December for Smart Eye with three procurement wins, we estimate Seeing Machine’s market share since 2021 remains over 50% (down from over 70% previously), but we believe Seeing Machines is more conservative in not announcing OEM model proliferation without separate procurements, and how it calculates RFQ win values (minimum production commitments versus life cycle volume estimates). Looking ahead, we believe the strong position of QUALCOMM for infotainment, Magna for Rear View Mirror DMS, plus the expanding list of silicon optimised solutions running Seeing Machines software, puts Seeing Machines in a commanding position to grow its market share over the coming years which will generate significant returns for investors from the automotive OEM vertical alo
Yep - 27th Oct
https://seeingmachines.com/investors/aim-investor-information/
Sorry - their not they're (one of my pet hates!)
According to Louisiana Green Fuels Plant website, it's expected to produce 33m gallons of renewable fuels (about 88% diesel and 12% naptha) whereas Bayou Fuels (Velocys/OLCV) aims to produce 25m gallons of SAF.
Providing there is sufficient woody biomass forest waste to support both enterprises, one would hope that there's room for both ventures as they're output is for different markets.
Just as a 'refresher' - here's the list of Stellantis's 14 brands...
Chrysler, Dodge, Fiat, Lancia, Opel, RAM, Alfa Romeo, Citroen, DS, Jeep, Maserati, Peugeot, Vauxhall.
Have a look at the Stellantis website which describes their 4 platforms.
https://www.stellantis.com/en/technology/electrification#full
https://www.stellantis.com/en/technology/electrification#full
2 excellent Investor presentations I believe. There are many things to pick up from them - I've picked 3 to be going along with (!)
1. Automotive market share objective increased from about one third to 50%
2. Camera is the way for distraction monitoring (vs sterring wheel sensors etc)
3. Truck and Bus after-market interest
On the basis that Novavax got Taiwan EUA for their Covid-19 vaccine in 6 weeks (announced application on 13th May - EUA receipt announced on Jun 23) - on a random sample EUA approval timeline of one (!!), hopefully we should know anytime now that Abingdon have got theirs (as our application was announced in June 6th RNS).
Many thanks again LLLSE - that's good news.
It's also good to see that investor relations are good at responding to share holder questions too (with useful updates/replies).
Many thanks LLLSE - being new to this share, I thought I'd check with this BB first in case it was already known.
From what I can glean research wise, this company has a very promising future beckoning with any degree of good fortune.
Anyone know if we're still attending AACC 2022 this month? I've just checked the AACC exhibitors list and Abingdon are not listed.
https://www.abingdonhealth.com/events/aacc-2022/
I've no idea what impact attendance or not would have for us - I'm just looking for positive news which would return the share price to a truer reflection of the company's potential.
Just seen this news item from yesterday:-
https://www.aol.co.uk/motoring/mps-launch-investigation-self-driving-105054734.html
MPs have launched an inquiry into the development and deployment of self-driving vehicles.
The Transport Select Committee announced it is investigating what needs to happen for them to become a common sight on public roads.
This will include assessing safety issues and the perception of safety, considering the relationship with other road users such as pedestrians, cyclists and users of conventional vehicles.
The committee will analyse the progress of research and trials into autonomous and connected vehicles in the UK and overseas, and the likely uses of them for private motoring, public transport and commercial driving.
Required changes to regulations such as the vehicles’ legal status, insurance and authorisation processes will also be investigated.
Fully driverless cars are not yet legally permitted in the UK, but autonomous features are being developed by car makers.
The Highway Code will be updated on Friday to state that users of self-driving cars will be allowed to watch television programmes and films on built-in screens, but using a phone will remain illegal.
The code, which contains advice and rules for people on Britain’s roads, will also state that users will not be responsible for crashes, with insurance companies liable for claims.
But motorists must be ready to take back control of vehicles when needed.
The development of self-driving vehicles could create around 38,000 jobs in Britain and be worth £41.7 billion to the economy by 2035, according to the Department for Transport.
In April last year, the department said it would allow hands-free driving in vehicles with lane-keeping technology on congested motorways, at speeds of up to 37mph.
A full regulatory framework for self-driving vehicles is expected to be in place by 2025.
Oxford-based technology firm Oxbotica completed its first fully autonomous, driverless vehicle test on publicly accessible roads last month.
The fully electric vehicle used a combination of radar and laser-based systems to enable it to be operated on the city’s roads with no on-board driver.
Oxbotica hopes the vehicle’s first on-road business use will take place next year, with Ocado Group, delivering groceries.
Last week, the Law Commission of England and Wales began seeking views on regulating remote driving, which involves vehicles being controlled by someone potentially several miles away.
Steve Gooding, director of the RAC Foundation, said self-driving technology has the “tantalising prospect” of removing human error from driving.
But he warned it will be “many years before we are all being carried around in completely autonomous cars”, so in the short term we must “address how best to live in a hybrid world” with self-driving vehicles and human drivers interacting with each other.
CWWX - Are we still on for Take Over RNS at 14:30 today as per your post last Friday?
CWWX
Posts: 1,660
Price: 1.1255
No Opinion
RE: End of day price Fri 13:45
It’s definitely a buy out Tiger.
I have a contact in Russia who is in banking and he has confirmed it. The only thing is not knowing what the price will be. The deal is done and the envelopes have been passed. They are keeping it close to the chest.
It’ll be announced in an RNS by 14.30 Tuesday.