Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
SEE have a good relationship with Visteon too, and have done for some time. The whole AV industry is very promiscuous at the moment, with many former competitors now collaborating. It really comes down to what the OEM specs, requirements and which Tier 1 they prefer. Nothing is guaranteed until the contract is signed
Paul McGlone wrote a short article on linkedin back in 2017, before he joined us obviously, about influencing SP. He seems to make it sound so easy!
Good to have someone in Fleet focused on shareholder value though.
https://www.linkedin.com/pulse/you-can-influence-relative-share-price-performance-fast-paul-mcglone/
Titled: You can influence relative share price performance fast.
Here's how.
1. Get micro, understand the growth, return on capital and the growth potential of each business unit. Use portfolio approach to compare relative growth/return profile.
2. Compare the portfolio to the market, not just your industry comps. Set a target for each BU e.g. top decile or top quartile
3. Benchmark investor perception against the peer group
This simple approach will provide insight into the steps required to improve SHV relative to the market, i.e. outperform. This is the SHV roadmap.
If you would like to create a SHV roadmap in 8 weeks and have a detailed action plan to get there please get in touch.
It gets interesting from 7:30 mins. We are mentioned around 15 mins https://www.embedded-vision.com/industry-analysis/video-interviews-demos/cameras-and-cockpit-convergence-trends-automotive-sensing-p?utm_source=Latest+Updates&utm_campaign=44e4b3918c-Latest_Updates_2019_02_26&utm_medium=email&utm_term=0_1630f6287a-44e4b3918c-355799205&mc_cid=44e4b3918c&mc_eid=3c301232a1
From what I understand Sebs, camera location isn’t an issue for SEE, as we have a wide ‘yaw’ of 140 degrees, so we can place a single camera either side of the driver I.e on the door frame or centre stack/console. We are the only company that can do this. All our competitors have to either have a single camera directly in front of the driver or dual/multiple cameras either side of the driver if the OEM doesn’t want the camera taking up valuable space on the dash. Evidently it is best to have the camera located at a fixed point, rather than on a movable steering column, even though there are no performance issues with this, it’s just easier to configure from a fixed point. As for patents, I’m not sure
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/776511/code-of-practice-automated-vehicle-trialling.pdf A bit about driver attention... Wonder what can help with that?
There’s also the possibility that the OEM specs didn’t require high performance and they were primarily looking for a lower spec cheaper option. So why wld we compete? When we develop our lost cost ‘off the shelf’ unit, perhaps we will then be in such RFQ’s.
Interesting that you brought up Autocruis. I spoke to one of their Representatives at a recent event. They have won a significant contract to supply China’s largest bus operator. Which is very respectable. They also admitted that the system won’t work in brightly lit environments. They also use Nexty as their Japanese distributor. Their whole system costs about $150 inc. camera and believe they can effectively compete against SEE on price.
One of the big things in the DMS world atm is that OEM's have now realised its actually very difficult to do camera based DMS well.
There are a number of OEM's that are not happy with their 1st generation DMS and are looking to improve on their offering. There are others that have little understanding of DMS at all.
This puts SEE at an excellent competitive advantage with our 1.7bn km real time data, our tightly coupled high performance software/hardware and our Human Factors team that help educate OEM's to what a good DMS actually looks like.
So it seems ‘CES 2019’ might as well be renamed ‘DMS 2019’, yet SEE were there 4 years earlier with Intel & JLR in 2015.
Yesterday SEYE announce a collaboration Ambarella to develop a chip, yet we announced our Chip back in 2016.
Nice to see world has finally woken up to DMS and is trying to catch up to SEE!
Yes there is an increasing number of competitors in the market. This is good as it means we are in a market that is becoming established. But it’s also worth noting that there are actual 2 sub markets within DMS. The high performance market (SEE) and low performance market (the rest).
So with regards to competition, it really comes down to what the OEM wants. If it’s a cheap low performance system, the competition is actually quite strong.
If the OEM’s looking for the Best in Class high performance option, there is currently only 1 player.
This certainly doesn’t mean SEE can be complacent, but I wouldn’t want to be invested in any of the others.
As at the end of Oct 2018 we had 217, and we have added a few since then I guess
https://www.seeingmachines.com/wp-content/uploads/2018/10/Remuneration-Committee-letter-to-shareholders-Final-long-22-10-18.pdf