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.
Valeo have an excellent arrangement with Multi-modal approach with camera (SeeingMachines), lidar and radar to provide a complete data solution for highly automated driving. Should be a winner.
Lost, in the LinkedIn comments Magna Global Product Director Peter Spencley confirms that they have combined breath analysis along with accurate Seeing Machines DMS to verify/confirm the diver is incapacitated (drunk) which is tge holy grail for upcoming legislation being introduced soon in the USA.
The next comment on LinkedIn was from Seeing Machines board member Peter Brown of Lombard Odier stating- amazing achievement and hard work from everyone at Seeing Machines. Well done.
For me, this confirms beyond doubt that Magna and Seeing Machines will greatly benefit from this breakthrough in preventing drunk driving in the USA as currently there are 10,000 deaths each year which could be prevented.
In time, this should bring great benefits to both Seeing Machines and Magna, but more patience required chaps. GLA cheers
Well worth a watch/listen
https://www.proactiveinvestors.co.uk/companies/news/1038091/burberry-faces-new-hurdle-in-race-to-recovery-1038091.html
Baxter, I used to feel sorry for you as I thought you were a long suffering shareholder who was under a financial pressure (timeline, cash call, whatever) Now I am not so sure at all. Your constant whining and girning is an 'over the top' performance. Listening to you (and a few others) has become worse than waiting for this share to ripen. Man up will you and give us all a break.
Https://www.euroncap.com/en/press-media/press-releases/euro-ncap-and-ancap-renew-close-ties-with-signature-of-mou-in-australia/
Today, Euro NCAP and ANCAP sign a Memorandum of Understanding (MOU) that will cement the strong ties already in place between the two regional safety organisations and pave the way for closer collaboration in the future. Euro NCAP’s President and senior management team including Niels Ebbe Jacobsen, President; Michiel van Ratingen, Secretary-General; Aled Williams, Programme Director, and Richard Schram, Technical Director are in Australia from 20 to 24 November 2023 to mark ANCAP’s 30th Anniversary.
Euro NCAP and ANCAP first signed an MOU back in 1999 to assist with the alignment of test protocols and results, this new MOU signals the continued strength of Euro NCAP’s and ANCAP’s shared mission and future ambitions. The new MOU has been prepared to reflect the evolution of ANCAP and Euro NCAP over the past three decades as well as the technological advancements made in vehicle safety and changing regulatory and environmental objectives. The Boards of Euro NCAP and of ANCAP have both agreed to maintain alignment going forward.
Seize, folks generally believe this to be Stellantis ((Jeep, Fiat, Peugeot, Citroën, Peugeot, Vauxhall, Opel, Maserati, Lancashire, etc). Plus many American brands, but I am sure this will be for European models. Plenty of scope for future growth.
Https://www.linkedin.com/posts/cae_eats2023-eatsevent-futureofflight-activity-7126181472259973120-R5k6?utm_source=share&utm_medium=member_desktop
CAE is proud to be the Diamond Sponsor of the 21st European Airline Training Symposium (EATS) in Cascais, Portugal next week!
Meet us at booth #208 of the exhibition and learn more about the future of flight simulation through the following talks:
1. General Assembly: Chris Ranganathan (Chief Learning Officer, CAE) will join Captain Daniel Gan (Singapore Airlines) to speak on "The Use of Eye Tracking Technologies and Data in Support of CBTA" 💡
2. ATO Stream: Chris will also speak on "Enhancing Flight Training through Gamification: Analyzing Pilot Learning Experiences Using Microsoft Flight Simulator 2020 and Biometric Sensors"🎮
📍 8-9 November, 2023
🗓 Cascais, Portugal
https://www.linkedin.com/posts/colin-barnden-1081376_driver-occupant-monitoring-activity-7122170359256133632-hcbi?utm_source=share&utm_medium=member_desktop
this chart summarizes the go-to-market strategy that will mostly decide the winners and losers in the global #driver and #occupant #monitoring #market in the decade ahead. every data point indicates a move away from driver monitoring to occupant monitoring. there are various names used to describe this (examples include #interiorsensing and #interiorperception) but they all point to broadly the same thing: #dms is morphing into #oms.
early dms mostly used the steering column to locate the #cmos image sensor, but the trend is towards using the rear-view mirror for an unobstructed view of the whole cabin. a key enabling factor is the availability of cmos image sensors with 5-megapixel resolution from omnivision and stmicroelectronics.
the mirror location is the easiest, fastest, and cheapest way to install dms/oms into a vehicle for #ncap and #gsr compliance and avoids any restyling and re-engineering of the vehicle interior. it is hugely versatile and supports extremely high-performance operation for #digital****pit applications, through to extremely power and cost optimized solutions for ncap and gsr compliance. however, the mirror is also the most challenging location to site the cmos image sensor. not only does it vibrate, but the driver moves and repositions it, so #algorithm developers must anticipate and correct for this, meaning optical path expertise is a must.
the supply of electronic mirrors is dominated by just two companies: gentex corporation and magna international. long term success for dms/oms system developers is thus dependent on partnerships with these companies. gentex is using proprietary algorithms from its purchase of guardian optical, and magna is partnered with (and has invested in) seeing machines.
as shown, in 2030 the rear-view mirror is forecast to account for around half of all dms/oms system shipments, but in the long term this is likely to settle at more like 70-80%. the first mirror-based system is set to enter production in 2024, which is assessed to be magna supplying volkswagen group. other automakers will be watching, and there is likely to again be a lot of interest at #ces.
#automakers, tier-1s and #semiconductor and #component suppliers must choose their dms roadmaps and partnerships extremely carefully. to support this need, semicast has added significant additional segmentation to its analysis of the automotive dms/oms market in its upcoming 2024 study. this is summarized as follows:
- by movement detection into "owl" and "lizard" detection
- by feature set
- by processor type
- by cmos image sensor location
- by cmos image sensor resolution
- by driver and occupant monitoring
- by front-seat and whole-cabin monitoring
i particularly liked this bit - (the 50% forecast) - but in the long term this is likely to settle at more
S2030, Paul said in the presentation that SEE were already receiving Purchase Order inquiries about Guardian Gen 2 from European Truck OEMs. They are inquiries, not orders and therefore cannot be RNS'd.
But it is indeed very positive and the fact that the manufacturers have shared their production schedules with SEE to ensure adequate supplies is fantastic news, however it is not material orders.
Https://seeingmachines.com/wp-content/uploads/2023/10/FY2023-Results-Presentation-October-FINAL-16-10-23.pdf
https://seeingmachines.com/wp-content/uploads/2023/10/SML-Financial-Statements-FINAL-SIGNED-13.10.2023.pdf
https://seeingmachines.com/wp-content/uploads/2023/10/SEE-RNS-Collins-Purchase-Agreement-FINAL-16-10-23.pdf
https://seeingmachines.com/wp-content/uploads/2023/10/SEE-RNS-FY2023-Results-and-Directors-Report-FINAL-16-10-23.pdf
FY2024 Outlook
Doubling of Automotive annual production units
25% increase in connected Guardian units
Guardian Gen 3 to launch in January 2024, initial focus to support GSR compliance in Europe
Aviation to contribute circa 5% of FY24 revenue based on launch of aviation Gen 1 joint solution
Reduction in monthly cash burn
Cash flow break-even run rate expected during FY2025
Lewbo, just to give a wee hint of the kind of numbers to come.....
I was just re-reading Colin Barnden's write-up on Magna's supply of mirror based DMS/OMS to VW and noticed a little extra item regarding being supplied to models built in China also from early 2024 SoP.
"The working assumption is that the first #automaker to go into production with the Magna mirror will be Volkswagen Group, sometime in early 2024, with programs both in Europe and China."
It is worth noting that in August 2023 VW Europe 231,900 VW China 278,000 (509,900 per month combined)
This is one OEM and does not include, Ford, GM, BMW, Mercedes, Stellantis, Renault, etc........ :-)
https://www.linkedin.com/posts/colin-barnden-1081376_occupant-monitoring-mirror-activity-7084139229789728771-O8Tl?utm_source=share&utm_medium=member_android
Volkswagen Monthly deliveries to customers
https://www.volkswagen-group.com/en/deliveries-to-customers-15741
Patience chaps
Seize.. just to give you an idea of the magnitude of the VW win.... in August this year VW supplied 231,900 new cars to customers in Europe. The figure was 405,300 worldwide. So we can expect a meaty lift early in 2024. :-)
6 reasons why SEE gets bought in 2024
Posted on 4th October 2023
I’m convinced that next year is set to be the year that Seeing Machines finally gets bought.
Here’s why:
In the next few months Seeing Machines will prove to even the most sceptical observer that its DMS/OMS land grab has been successful, with it taking over 75% of the global market by value. The partnerships it has formed with the likes of Qualcomm, Magna, Valeo, etc. are unrivalled and its tech and implementation are clearly a cut above any other provider.
The launch of the third generation of its Guardian product for trucks and buses will see that business slash box costs and times for installation, enabling it to go ten times on that business in short order. Mobileye marketing it for Aftermarket should be a game changer.
Aviation will have been proved as a lucrative business that has legs, thanks to its partnership with Collins and the first of many huge, long-term contracts.
It is also clear that its technology has applications in other transport verticals, marine, and rail for instance, not to mention other industries such as robotics, entertainment, and security.
Profitability will become a certainty with the above contracts, leading to more funds investing and the price rising substantially, making it more attractive and fuelling the greed of a potential buyer.
There are just too many huge companies who now have a direct interest in acquiring this market leader, not to mention a huge amount of Private Equity capital available to fund a takeover. Moreover, if it were to go for $5bn, they could be fairly confident of it rising in value to $15bn-£20bn within a three-year horizon.
While the bulk of investors (including fund managers) are only now beginning to understand the strengths and potential of Seeing Machines, that can’t be said of the industry players, the chip companies and Tier 1s, who regularly work with Seeing Machines or come across its technology. Moreover, the likes of Alphabet, Amazon, and Apple know Seeing Machines and must like what they see.
Great business
A much smarter man than me, an investor, business manager, and experienced entrepreneur who has sold businesses, once told me: “Great businesses get bought NOT sold”.
While some may hanker after a Nasdaq listing, I think market conditions over the next year and beyond will mitigate against this and leave an opportunity for a competitive bidding situation to arise.
I don’t know when exactly this will happen nor who will win but a bid is coming, of that I’m fairly certain. After all, Bosch was interested 5 years ago and Seeing Machines’ business is incomparably stronger now. Moreover, the dream of widespread adoption of autonomous vehicles has been shown to be just that, a dream that will take decades to be realised. Thus leaving the field to those who want to make driven cars safer.
Great value
In view of all the above, there is just too much value here at a
Https://www.linkedin.com/posts/terry-murtha-1a50146_ford-bluecruise-expands-flexibility-with-activity-7105654667103145984-4pci?utm_source=share&utm_medium=member_android
Great to see Ford forecast for over 500,000 sets of Seeing Machines technology with Blue Cruise being installed in 2024.....
Nice for only one model. :-)
Horzabora,
Very interesting technical piece posted on Seeing Machines website and it lists the aircraft types with the technology either previously or currently engaged in (for training product evaluation purposes I guess) including :-
Boeing B737, B777, B787,
Airbus A220, A320, A330, A350, A380 and ATR 72
Commercial Training Applications Flight Training Device & Level D Full Flight Simulator
Military Training Applications Full Mission Simulator (Military)
Importantly, this article is only for flight training and does not cover the Seeing Machines Pilot Monitoring applications currently being developed, validated and offered by Collins Aerospace and does not include the new aircraft product for OEMs (Boeing, Airbus & others) or the Aftermarket product for existing planes operated by the many commercial and freight airline customers. Then there are the Air Traffic Control Consoles required globally.......
Thank you for the reminder of the 'overdue' aviation RNS as I hope it will boost the share price a little.
Https://www.linkedin.com/posts/lucademeo_alliance-renaultgroup-nissan-activity-7113453950271385600-cnYV/?utm_source=share&utm_medium=member_android
Since my very first days in the Renault Group, I have immediately understood the strategical importance of our Alliance with Nissan Motor Corporation and Mitsubishi Motors Corporation.
All the ingredients were there, but the collaboration and business model had to be reviewed, to allow to all partners to be quicker, more agile, and take part in projects that really create value for each of our companies.
That’s what we have done over the last year with Jean-Dominique Senard, Makoto Uchida San and Takao Kato San. Thanks to a projects-based collaboration, we can now count on faster decision-making and a higher operational efficiency in several domains, from international presence, to new technologies, vehicles and beyond.
Our colleague’s visit to our Renault Software Factory in Toulouse, to go over the opportunities brought by software, digitalisation and SDVs (Software Defined Vehicles) is one example of how our collaboration will work from now on: transparency, trust, and business oriented. As we already said, one of the first tangible outcomes this new strategy will be the next Nissan Micra, which will be produced on the Renault 5 platform, here in France.
Together we gave a new future to the Alliance. I’m positive that we are on the right track to regain a leading position in shaping the next-gen mobility.
#Alliance #RenaultGroup #Nissan #Mitsubishi #software