Member Info for NathanR999

If investing (not trading) was easy then the returns would not stack up if everyone made money without thought and patience. Whilst it's always hard watching competitors announce business and challenges your investment case each time we keep making positive steps forward. The news flow we have had in last 18 months has included great leaps forward around cash inflow on decent terms for the current equity market situation. For me on an impartial basis it boils down to technical ability and what we do and how we have accessed this. Software needs cpu to run and routines and coding optimisation will get so far. The central compute chips like qaulacomm and nvidia are getting so many draws on computing speed and bandwidth that have chip companies hardbake acceleration into their design for our software is a signal i cant ignore. We all know that each iteration of a game or ms office seems to slow down older chips and i guess it will be similar for oms and Ims. Having semiconductor design a chip for.our routines for a mirror or adas assembly or even a central cpu should mean we do well it's just we can't see the actual.numbers yet and we all get concerned. The.mirror if the Magna/see claims are true does seem to be the a1 positioning, the cost saving this solution could give as a codesign should defeat any volume discount a software only route offers. Software only a cheap price may only Work so far, a lower total cost option that protects our wallet share and leverages a massive tier 1 that comarkets a total package, mobileye adas, mirror and camera and our software must be a golden egg?? Unfortunately it's always difficult to trust companies that mention the future and we all probably have had significantly burnt fingers with other companies in our portfolio often more than once. The dilution here at times has been difficult to swallow but our competitors have this to come, have recently needed to do this. The disconnect of award to cars on road on the timefront really does.mess with your head. 40% market share in cars, aftermarket and aviation should see us be a unicorn or more. Smarteye will.also do well - I think we offer more and then partnerships on the route to delivery will be more than sum.of parts. We all want it now and bigger, who wouldn't.

Korean OEM. This is getting tedious now....lol. c35m over lifespan. Existing customer so not a surprise. Would be nice to get a few of our own customers and a few new ones pinging in some future volumes.

Don't expect much of these to be addressed as I guess the answer we would like to hear would need an rns or wouldn't be disclosed as too early for meaningful forecasts. But if you don't ask you don't get!

Question 1:

What kind of numbers might the Mobileye/seeingmachines partnership deliver in terms of a) units sold b) monitoring services connections?
Question 2:

With regard to DMS for commercial vehicles being added during manufacture does seeingmachines intend to offer whitelabelling of guardian as a service for the truck manufacturers to resell or monitoring and act as an own label (but managed by SM) to offer a revenue share which reduces the sales input and time needed and therefore overhead of SM.
Question 3:

Is Magna mirror(maybe with their clear view function) essentially guardian 3.0 or have we something further for aftermarket. Does a stand alone guardian 3/telematics route eventually die off once commercial vehicles add dms during production?
Question 4:

Do you project aviation sales to scale to 8 figure royalties within 5 years? Do you see separate licences for in service planes and aircraft oems via a tier 1 and a second licence for simulators and training services?
Question 5:

Smarteye have announced several wins including a truck manufacturer for their DMS solution. Did SM bid for any of these and if so what feedback was given for not choosing SM cost, functionality, something else?
Question 6:

Smarteye position their solution around interior monitoring and market their recent acquisitions as being vital for interior monitoring. Are SM happy that the solution offered by SM matches a) OEM requirements b) matches or exceeds SEYE in functionality and performance.
Question 7:

SM have announced a number of partnerships with semiconductor suppliers amberella , qualcomm etc will this deliver material business and market share beneficial to SM that scales above that likely achieved by other DMS suppliers that maybe only offer software
Question 8:

Key ADAS solutions such as Blue Cruise, Super/ultra cruis and drive pilot integrate heavily adas with dms, are any of these programs dual sourced?

I think the glucose monitoring and esoma are wound up and defunct (at companies house) maybe set up now in another jurisdiction. The baking process for foods to avoid frying looks interesting though. Hopefully a better mind than mine can find out more on these.

I should also add 125k in wife's isa and 50 in her sipp

1.6 million ISA and 300K pension.

12p for me

Actually would prefer tesla bought smarteye, not sure how many auto makers would then want to buy software of a direct competition esp as many are trying to move electric and l2+/l3. Smarteye shareholders might get decent wedge and tesla will need something that works for 5 star ncap for europe. Might then set a much higher floor price for us on a value read across. Just my opinion. Incidently smarteye perked up nrlyb7% today. Maybe someone having a nibble. I can certainly see end of 2023 have at least 1 less independent player in the market.

Be interesting if he is going for 0.1% in total or a much higher figure in time. A nice round figure at 4mill might suggest he is done - I can't be the only one that likes neat round figure holdins in my portfolio :-)

I think but not completely sure that the polestar doesn't have dms tech utilising camera. I would guess most are torque or conductive tech that are at lower end of scoring.
Anyone else we a better insight? IF it is seye then they are clearly needing to up game and its clear then dms alone without it linking to other safety systems like lane keeping and cruise control is likely at ambery low cost point .

Wouldn't be against see selling 10% of company for 3bln usd to 1 or 2 strategic investors mind regardless of what Paul said at London meeting ;-)

Perfect. Great explanation. Thanks!!

Cheers. Wasn't sure how it worked as most of the shares that I have that announced funding needs fall of a cliff on the day. Lol

Price seems to be holding up so far, up a small percentage even, hasn't dropped to rights issue price as far as I can see. Not sure how the release of the extra shares will hit, not sure how things happen in nordics. I realise securing finances can sometimes have a positive effect as the business is secured and stabilises for future profit but with a 57% dilution I might have thought some correct turn southwards even if it doesn't hit the rights issue price. Would be nice to get some more contract win news, would be nice to be at the Magna buy in price at least if not the more optimistic broker TPs

*should read 'no way we are getting king of dms anytime soon*

That's it, I am out here and moving my funds to smarteye. At the height of their fundraising process and they post on their LinkedIn a chatgpt written song on.DMS
https://www.linkedin.com/posts/smart-eye_dms-drivermonitoring-chatgpt-activity-7020745101614186497-BAIw?utm_source=share&utm_medium=member_android

PMG has no clue how to run SEE. We need to be doing this not playing around getting funding from partners to help design mirrors. No way will.we be getting of dms anytime soon. LOL

Based on late November 2022 for kpi, would say late Feb as we had trading update 23rd Feb last year . So close to that I would guess.

Maybe they bought the sensing and optical stuff and software less so. Interesting times

Martin has certainly like a few posts from gentex on LinkedIn. Don't put huge stall.on that but if it was Paul doing similar with Collins etc.....

My take/guess is that smarteye software running in a v2 gentex mirror might be a thing. Certainly smarteye have announced partnerships with imaging with osram and amberella and it would maybe shortcut the route to.market to.react to.magna especially if they feel magna will eat their lunch if they don't. I suppose it boils down to cost to gentex to try to develop own solution and risk to existing sales vs cost to licence partner smarteye and dump in House. They won't be blind to wait magna wil try to-do on packaging with veoneer adas camera and an optimised chip. They would need to react and at least try to up their market offer quality. Smartye could help.on that front.

If smarteye are in some GM vehicles would this infer that supercruise/ultracruise is likely dual sourced? Transfered to smarteye? Still with us and smarteye are doing non supercruise species vehicles.

Also gentex and smarteye seem to be inferring they have a mirror solution for dms. Is this still as rudimentary as we may have thought, ready for market now? How might their solution impinge on any IP? There are always multiple ways of doing things so.maybe their mirror is driver only.and can't do oms as well? Multi camera approach. Still confident with see and always had a cap.on expectations of 40 to 50% market but the opacity here on wins and routes via partners etc really does test your nerves! I very.much prefer the end to end technical approach where everything is optimised across imaging, sensor, cpu and software that we have and fabbing chips/asics that optimise power and performance isnt being done willy nilly so this multi manufacturer optimised chip news I am hoping is a strong signal on what matters. Just bunging software out at 5 dollars a pop is going to turn heads for sure in auto where everything is cost driven but the.more.compliacted integrated adas surely we need solutions with more technical under pinning and that tech ultimately moves down ranges and becomes standard over time.