Member Info for modestguy

Great article outlining Ford, GM, Mercedes, etc getting safer and Tesla slipping down the safety table. Long article, but well worth a read.

https://www.consumerreports.org/cars/car-safety/active-driving-assistance-systems-review-a2103632203/?EXTKEY=YSOCIAL_TW&s=09

Select the ‘Red Tick’ at the left hand side of License name (to toggle map outline on/off) this really shows the extents of each license.

https://www.google.com/maps/d/viewer?mid=1qMXUcX2jyje0229S6d0zeTVmD-b6v-4f&shorturl=1&ll=67.90592995529913%2C32.88638023333331&z=11

The work we have done with regulators and government bodies around the world has helped establish DMS as a key enabling technology for the foreseeable future and this is set to extend beyond Europe and China, to the USA and eventually, everywhere around the world.

More generally, over the past year we have been appointed to six additional automotive programs, bringing our OEM count to 10 across 15 expanding programs. We have also received our first award from the Japanese market.

We also have an aftermarket and aviation business, both of which are also progressing well, and we think that the future is definitely a bright one for driver and occupant monitoring systems and Seeing Machines is at the forefront of the industry.
New FOVIO rollout
Seeing Machines has been appointed by an existing Tier-1 customer to deliver its FOVIO Driver and Occupant Monitoring System (DMS/OMS) for an additional program with an existing large European-based global automotive group (OEM) customer.

This program, to be delivered via Seeing Machines’ embedded Driver Monitoring Engine (FOVIO e-DME software library), is geared to lower integration cost and will substantially extend DMS and OMS reach across a broad range of vehicle models (including entry level vehicles), while addressing both regulatory requirements and in-cabin comfort and convenience oriented features. The program carries an initial lifetime value of US$32M (A$45M) and is scheduled to start production in 2024.

“This is a great example of our existing Tier 1 and OEM relationships and cooperation leading to the increasingly extended reach of our technology across the global passenger vehicle landscape, which is not only driven by driver safety regulation but also an increasing demand for interior monitoring systems extending the comfort, convenience, and safety of all vehicle occupants,” says Nick DiFiore, SVP and GM Automotive.

Sorry if I've mixed things up (I'm rubbish at cutting and pasting)

AI: When will the technology be commercialized?
McGlone: Seeing Machines and Magna are already working together on automotive OEM programs which are expected to start production from early 2024.
Further, together with Magna, we announced in April 2022 the launch of a demonstrator that features a fully integrated DMS combining camera, electronics and interior mirror technology.
The demonstrator combines Magna’s mirror technology, camera design, integration, and packaging know-how, with Seeing Machines approach to optimized and co-designed optical path, embedded processing, and enhanced AI vision algorithms for DMS.
AI: What next for the partnership?
McGlone: We will work closely with Magna to develop the market for driver and occupant monitoring system technology, integrated into the rear-view mirror. That will be the focus until 2025. Obviously, Magna is already invested in the company and that signals interest in our future.
Together, we will pursue opportunities that would mutually benefit our businesses and continue to collaborate at all levels to achieve our goal of enhanced safety on roads.
AI: How does the path to full autonomy affect the need for DMS?
McGlone: The dynamic within the industry, in many ways, has been driven by the path to full autonomy which has focused most of the industry’s energy and resources towards sensing what is going on outside of the vehicle.
But it’s the integration of internal cabin sensing technologies, understanding what the driver is or is not doing, that are making huge strides in safety and will ultimately achieve a zero accidents future.
Early driving ‘assistance’ features, for example the automotive transmission or cruise control system, have evolved and become known as Advanced Driver Assistance Systems (ADAS).
The emergence of ADAS and external sensing technologies, such as Traffic Sign Recognition, Lane Departure Warning and Blind Spot Detection are now familiar to most of us. Recognizing that drivers are prone to error, safety technology providers are taking a systems approach to assist, enhance and even handle the driving task.
Signals provided by the driver monitoring system could and will provide information that allows for safer and more complex decisions about when and how to intervene in a potential collision.
AI: Any final comments about what’s happening at Seeing Machines?
McGlone: A definite advantage of the collaboration with Magna is that, through access to the convertible note funding, our balance sheet is significantly strengthened, and this really does set us apart in our industry.
Developing a new technology, like driver monitoring system technology, takes many years of R&D and the ability to lead the industry with new features that OEMs are looking for, in order to enhance the safety technology and provide convenience options, is something that we are now able to continue to focus on.

https://www.linkedin.com/posts/seeingmachines_tech-roadsafety-drivermonitoringsystem-activity-7023499654298296320-VXNF?utm_source=share&utm_medium=member_desktop
Latest 'like' from Paul McGlone in LinkedIn..... good article in Automotive Industries online magazine
Driver and passenger monitoring system development has been given a boost through a partnership between two of the industry leaders.
Seeing Machines and Magna have signed an agreement to exclusively co-market driver and occupant monitoring systems targeting the interior rear-view mirror.
It combines the strengths of Seeing Machines, an advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety with Magna, a global mobility technology company
In terms of the agreement, Magna will invest US$65 m into Seeing Machines through a combination of cash and a convertible note.
Automotive Industries (AI) asked Paul McGlone, CEO, Seeing Machines, what the benefits are to the OEMs and Tier customers of the collaboration.
Paul McGlone, CEO, Seeing Machines.
McGlone: Successfully integrating driver and occupant monitoring into the rear-view mirror is very challenging technically. Working closely with the team at Magna, we have managed to do this and it’s an industry first.
AI: Why the rear-view mirror?
McGlone: We see it as a – if not the – key location for driver and occupant monitoring system technology.
It addresses a few key challenges for OEMs, and provides a seamless package across a diverse line of vehicle models, enabling compliance with Euro NCAP and other regulatory standards associated with driver distraction and impairment. This solution also addresses the issue of increasing electronics and cost.
The rear-view mirror provides a very effective cabin camera position as its field of view includes both the driver and occupants of most passenger vehicles. The monitoring of all interior occupants will enable OEMs to broaden their range of safety and convenience features across the entire cabin.
AI: Where is the funding for this R&D coming from?
McGlone: While regulation can drive DMS fitment volume, “feature wars” will drive OEM system value and Seeing Machines average selling price (ASP). As one of the leading technology and solution providers in the global DMS sector, we believe this to be a key inflection point for our business.
The balance sheet strength of the exclusive license payment and investment will fund our current business plan and the investment in our technology and intrinsic company expansion that will be required to meet this expanding demand.
Monitoring the driver’s face for signs of fatigue and distraction.
Similarly, we will seek to strengthen our technology leadership position in the market. Seeing Machines has its FOVIO chip-based solution that is high performing and able to meet standardized (mass-market) demand.

https://www.linkedin.com/posts/seeingmachines_lunarnewyear2023-seeingmachines-activity-7022050100856201216-60Qc?utm_source=share&utm_medium=member_android

I hope it means that the long awaited RNSs start to be announced. (Praying hands symbol) GLA LTHs Fingers crossed ??

Nice find Soulboy, a very impressive list of Tier 1s committed to using Qualcomm's Snapdragon Ride platform. Companies such as Bosch, Continental, Haomo.ai, Innoviz, Joynext, Luminar, Mobis, Valeo, Veoneer, ZF and other Chinese companies. Patience required, but I feel the future is looking very bright for Seeing Machines. AS it covers nearly all of the major players. :-) GLA LTHs

Toulouse, 12 January 2023 – Airbus UpNext, a wholly owned subsidiary of Airbus, has started testing new, on ground and in-flight, pilot assistance technologies on an A350-1000 test aircraft.

Known as DragonFly, the technologies being demonstrated include automated emergency diversion in cruise, automatic landing and taxi assistance and are aimed at evaluating the feasibility and pertinence of further exploring autonomous flight systems in support of safer and more efficient operations.

“These tests are one of several steps in the methodical research of technologies to further enhance operations and improve safety,” said Isabelle Lacaze, Head of DragonFly demonstrator, Airbus UpNext. “Inspired by biomimicry, the systems being tested have been designed to identify features in the landscape that enable an aircraft to “see” and safely manoeuver autonomously within its surroundings, in the same way that dragonflies are known to have the ability to recognise landmarks.”

During the flight test campaign, the technologies were able to assist pilots in-flight, managing a simulated incapacitated crew member event, and during landing and taxiing operations. Taking into account external factors such as flight zones, terrain and weather conditions, the aircraft was able to generate a new flight trajectory plan and communicate with both Air Traffic Control (ATC) and the airline Operations Control Centre.

Airbus UpNext has also explored features for taxi assistance, which were tested in real-time conditions at Toulouse-Blagnac Airport. The technology provides the crew with audio alerts in reaction to obstacles, assisted speed control, and guidance to the runway using a dedicated airport map.

In addition to these capabilities, Airbus UpNext is launching a project to prepare the next generation of computer vision-based algorithms to advance landing and taxi assistance.

These tests were made possible through cooperation with Airbus subsidiaries and external partners including Cobham, Collins Aerospace, Honeywell, Onera and Thales. DragonFly was partially funded by the French Civil Aviation Authority (DGAC) as part of the French Stimulus plan, which is part of the European Plan, Next Generation EU, and the France 2030 plan.



To find out more about the DragonFly demonstrator visit www.airbus.com

https://www.linkedin.com/posts/prof-patrick-murray-am-60ab5712_airbus-tests-new-technologies-to-enhance-activity-7019485961310916608-s2IH?utm_source=share&utm_medium=member_desktop

It would certainly be nice to have our long long awaited aviation RNS released by SEE in January 2023. GLA patient LTHs

Leigh Wainman Europe Area After Market Sales Manager likes these two articles on LinkedIn. I would hope that there would be orders for SEE's After Markets Solution in the mix? Time will tell I suppose. GLA LTHs

https://www.linkedin.com/posts/nfigroup_nfi-nfigroup-ev-activity-7018580853744181250-Cwoh?utm_source=share&utm_medium=member_desktop
https://www.linkedin.com/posts/daniel-maris-061769193_tevva-set-for-mass-production-after-receiving-activity-7018905974203629568-jl6W?utm_source=share&utm_medium=member_desktop

Having carefully read through todays Cenkos Report I am very pleased with the strategic importance of the many new SEE collaborations with Omnivision, Amberella & AutoBrains, Indie and Analog Devices. I feel the carefully planned and strategic alignment of SEE's leading DMS eye tracking performance compliments and enhances the Qualcomm Snap Dragon Ride combined with Mobileye EYEQ Solutions and this new tech combo will hugely dominate the semi autonomous driving market for next decade or so. The OEMs are currently all in a race to increase levels of hands-off driving (L2 through to L4 levels of autonomous driving features with DMS but with safety in mind, to ensure the driver is ready to retake control if needed). Consider the many recent announcements from BMW, Mercedes, GM, Ford, etc regarding hands-off driving.... and little old Seeing Machines are right in the middle of it all. Patience still required. GLA LTHs

My guess.... 12p / 21p

But secretly hoping for buyout talks to happen and spike us even higher.

Merry Christmas and good luck to all.

Wow!! my screen is showing well over 50% 'green box' posts. Yesterday's positive RNS is being attacked like nobody's business on here. My goodness, so many 10p per post boiler room disruptors are getting the overtime in their pathetic attempts to put a negative spin on what is undoubtedly a positive update. hilarious stuff. Hold long and strong chaps..... GLA LTHs Wishing everyone a lovely time over the Christmas and New Year holidays.

Roger, what is your latest 'short target price'.....? Just asking for a friend.

https://www-thetechnologyletter-com.cdn.ampproject.org/c/s/www.thetechnologyletter.com/the-posts/qualcomm-cfo-palkhiwala-we-are-becoming-a-different-company?format=amp
Near the end of the article in the M&A section I particularly liked this statement. M&A focus exclusively "outside the handset area going forward, he says "it's more about things that fit into our diversification plan" in autos and IoT. I certainly hope they have locked their sights on Seeing Machines. Let's hope so chaps.

S2030, I reckon you are pretty much 'bang-on' with why our share price is being held back by the MMs, when you consider the stage SEE are at now compared to a year or so ago and the multiple contracts that SEE are about to win in the coming months. However, the simple fact remains that we still are not making a profit and we have still yet to announce any of these billion plus RFQs and aviation that we believe are on the way. Yes the MMs are exploiting the situation massively, simply because they can (just a bit of business). Hopefully things will be different by the end of January 23 post CES and a few contract wins, but only if SEE can RNS contract auto wins of significant value and hopefully an aviation contract too. Anyway, seems to me that patience is required as ever chaps. GLA LTHs

Paul did recently say that Seeing Machines would licence out to one or two tier 1 avionics partners. No restriction it seems. But I honestly cannot wait to see the first 'significant' aviation RFQ get over the line !!

Happy to hear PMG state 'we are managing right now our first significant RFQ for aviation - Lots of good things happening around that'....... Very pleased to hear that from Paul. (right now is closer than imminent - I reckon) hee hee

I do imagine and hope that, as SEE are co-developing products with the largest aviation OEMs, Collins Aerospace and CAE, that there is really no need for SEE to have a booth in next weeks I/ITSEC exhibition in Orlando. SEE developed the technology, SEE are the only supplier with an aviation tested product and therefore SEE 'own' this space. Anyway, let's hope that we are all pleasantly surprised next week. GLA

Could it be interesting that SEE is running a short extract of Paul's recent investors speech about aviation.... ??

Paul quotes 'we are the first DMS player to have eye tracking technology that is going to be deployed in an operating aircraft. This is a very important moment. And it is that win and accumulation of other small wins, but also our ability to attract direct attention of airlines and airline OEMs, that is drawing attention to us in that space'.

I am beginning to feel a little excited as the I/ITSEC Defense / Security Exhibition starts next Monday in Orlando...... Hopefully a very important (long awaited) Aviation RNS to come. Fingers crossed chaps.

Thanks again JC, great research as usual from you and others on this excellent BB. It seems to be an excellent Patent on the Detection of in-vehicle Mobile Phone Use by Seeing Machines which will add to our IP moat and could be financially beneficial too. I must admit that I am beginning to think this old share might just start to rocket in the coming months. And as expected, there will be many more disruptive posts in the coming weeks in a bid to force 'weak hands' to sell their shares and tree-shakes from the MMs..... Hold for gold chaps. GLA LTHs.