Member Info for NathanR999

I get the small space but as I understand it the mirror houses the camera, low power chip and the software driving and this is then fed via a cable where it needs to go but would imagine that 50% of cars would have a restriction so severe that the mirror wouldn't be an option, my understanding of what was presented to us on Friday was that we could really jam it all in at low power and others couldn't. Is there more to it than the power and its about other cabin attributes?

Have a small query, on the basis that most cars have a rear view mirror , why would camera in mirror not be a viable option in 50% cases for dms? Most cars have a rear window to allow use of a mirror and some cars have a camera view to allow mirror replication if load in way etc. Can any of you with more knowledge offer insight here?
I get oms maybe more challenging with odd cabin layout and say 3 rows of seats in say a big US sub or if a car had an odd roofline or no rear window - any clues anyone?

When we look at future valuations and we could also consider auto and the fact we might attract a high growth,tech Co multiple vs pe which then makes the maths even more interesting - but one thing I have thought on overnight is where the possibilities for an unconstrained fleet might head with installation during, after manufacture and as a aftermarket fit and based on paul suggesting a 2 level sale. I am sure I could just Google but how many semi type trucks, smaller lorries, light commercial and transit or small vans are.made in just eu every year. What would an upsell of monitoring services at just a 20% uptake look like. What does that add to overall mcap value in say 3 to 5 yrs time. How much to buy that potential today, next year or once things really are rocking? Still a quanta of execution risk but very exciting possibilities. In time Aviation license income might be enough to cover large parts of the costs in the business with every car or truck on road driving the profit side. It might sound fanciful sat here at 6 and bit pence but I can't see anything else in my portfolio or watch list that could do what seeingmachines could do for my new worth!!!

Agree, if they had sat and listen no way would they sell unless they really need to liquidate to pay bills and unfortunately some may miss out on what may come because of these challenging times. We all have different needs on our money, I count myself lucky I can sit here and wait but that could easily change for me. I think holding until maybe 2024/25 might see some of us with significant lifechanging wealth. Gla

Quietly confident with a bit of dash of bullishness. I think he can't say yet but my body language assessment was they he was subtly telling us we will do very well indeed. Seemed to be very honest and careful around qualcomm as any revs here are not to be seen domaybe 3 years and still a reasonable amount of dots to be joined in making sure the oem or other partners use the embedded seeing machines software.

Pmg mentioned that after manufacturing fit of guardian for eu regs is a 2 stage sale. Initial equip and software to get regs complied with and then a second upsell for data monitoring. 2 bites of cherry if you like.

Question about nasdaq was also raised and pmg suggested now they have funds to profitability it would be unlikely in next 18.months but might be logical next step. Ipo on nasdaq once revenue stream is clearer and throwing off cash might be better received IMHO. Would be interested to hear how people thought that might be best achieved if no.money needed - not an area I know much about tbh.

Echo that. Excellent detail over and above other presentations I have seen before from Paul. Still some opacity over qualcomm value that comes to see. Main take home for me is mirror position Dms and OMS is where solution gets best advantage and magna /see will own this and technical challenges may be a very high barrier for others and may even have a lot of ip protection. Feel very happy that value will out and we will do very well. Other competitors needing to raise to deliver may struggle in current climate and for me that Inferred a level of restriction of what they can deliver in timeframe. 6 rfqs still to decide and time window running out and to deliver for euro these need to announce by Jan was the response for one of the q's. Very clear we have at of bases covered outside of the software that can leverage to improve likelyhood of a win via a partner. Magna mirror business, qualcomm, aviation and aftermarket all reaching decent revs in 2 to 3 years. Aviation 'imminent' was joked about but Paul.seemed pretty certain it will be a license model. All good in my opinion and figures shown I reckon will be very conservative. GLA

Smarteye presentation was not great tbh. Initial run through of business suggested 70% revs from imotion and affectivia and laboured on thatbside maybw more than needeed for auto tbh. Bigged up BMW vehicles on road (showed image of all x range and standard saloon beemers )and polestar. Bigged up their role as software tier 1 that oems will access for dms to run on central computer. Indicated that they felt this is how market will progress and agnostic software the way forward as more plug and play. Suggested they will get 40%+ market share Was a bit rambling and Martin can't present for toffee. The q&a mentioned magna deal and Martin rubbished exclusivity and wasn't a route Smarteye will take, the other speaker from acconeer was more positive on Exclusivity for certain applications where they have market lead or strength. Thought acconeer seemed an interesting company and I will research myself. Looks at occupant monitoring using radar modality (seem to have current us for swishy motion for boot opening) will be in use in volvo ex90 and future volvo models. Seemed more over his brief than smarteye Martin.

Re Omnivision. As I understand it the magna mirror has the processor inbuilt and this prob means omnivsion win when see/magna win. As this is silicon based npu then could this component accelerate other oms/dms software or even other eye tracking areas such as smart ad engagement for bus stops, in shop tailored ads or for smart TV or camera add ons like amazon echo or meta tech solutions. Might that chip do some low energy reqs heavy lifting?? Its the chip,/semiconductor licensing that intrigues me - could this in theory be the phase 2 and an even larger part of a revenue pie.

Vans/trucks often don't have a rear view mirror only side.mirrors. Could the magna mirror be adapted to be a smart mirror to allow a rear view via an oled screen from a feed from a rear camera. Lots of opportunities I reckon and could this.magna mirror largely be guardian 3 based on the above?????

Interesting timing too, Redeye have their auto focused investors seminar today, smarteye also need cash to execute - wonder what their move will be. Hopefully our news sets some gears in motion to everyone's benefit.

Does that give us funding until profitability? That is some faith and any acquirer that isn't magna will need deep pockets I reckon. Makes for an interesting meeting tomorrow for sure. Smart move in these turbulent markets for both parties. Need to reread and think on any negatives but hopefully this puts us on path ro rerate and tech Co valuation in line with comparable in US. GLA

Redeye also hosting a auto tech day, tomorrow I believe and smarteye and polestar down to present alongside other companies i havent heard of.

https://www.redeye.se/events/846237/redeye-theme-autotech?utm_source=MB&utm_medium=email

Lol. Just looking after my 2 million shares. This is my largest position built up over 6 years at prices from 3p to 11p. No motive just fair questions as we move to the sharp end of awards and cars on the road. Happy with everything so far barring the share price...... that I have great faith will be higher in Oct 2023 by a substantial amount.

Anyone up for collating some q's for Friday.

Happy to kick off with a couple
1) Which models are currently on the road today with See DMS?
2) If there are vehicles on the road today that cannot be named what are the reasons for this?
3) Does the board feel that non disclosure of vehicles on the road or with a definitive route to SOP has the danger to risk investor sentiment and depress valuation negatively.
4) Does the board feel the valuation of seeing machines should be viewed as similar to Mobileye at 1ST IPO? Mobileye at Intel acquisition? Or do they feel that the new IPO potential value for Mobileye is more realistic in 2026 as a comparator to seeingmachines?
4) What threats do you see from competitors now and again in 2026, do seeing machines feel there future offers will be market leading and technology leading?
5) What barriers exist other than the previously disclosed supply chain issues for Guardian roll out? Engineers are in global shortage - do we or distributors have enough bandwidth to scale installations fast enough and is there a ceiling to what can be expected to be added on a yearly basis for aftermarket.
6) What number of vehicles on the road could we expect 1 year from today? Surely these vehicles will be close to finalised for specs and suppliers? Even if they can't be named,likely numbers could be projected?
7) Are there any areas we maybe less advanced vs our competitors and what plans are in place to.address this?
8) are Smarteye still them leading competitor or.do you feel others may supplant such as Gentex or Cipia?

Have done, apparently in discussions with HL is reply back. Hopefully this done soon as want to buy more!! GLA

As help just Googled mobileye 2013 revs and that suggests 35m usd. :-)

Any one know who is the DMS in this new volvo, I read the article and can't tell if it is SEE, Smarteye or their own development. The was some talk of Volvo being us a while back but reading the article I couldn't call it. Any one with more brains have a view? In other news who here is at the meeting on Friday 7th., I am heading there - would be delighted if whilst on the train down an rns at 7am says magna have made a 4bn offer for SEE with directors commenting that they are flattered but feel that the offer doesn't recognise the future value etc etc and a bidding war kicks off with a nice deal done in time for Xmas..... one can dream..... lol

So non in the development process for severe viral infections which you don't seem keen to.mention. p38 was targeted for pain, arthritis and similar inflammatory disease and parked for less efficacy than existing drugs in most cases. Polb001 is for infection. Other p38 of course.may get repositioned too or at least may get relooked at post any positive outcome for LPS trial for pol001. It maybe that these assets in time may also get some work on them via Hvivo on specific viruses like corona and flu. There will be other anti inflammatory assets that could help long covid, acute covid, severe flu and rsv and they may also be a rich source of testing I future for hvivo. Poolbeg may also pick over these parked assets too. Poolbeg could be a longterm jewel and hvivo be reliable robust performer as margins and volume of studies increases on yr on yr basis. Challenge studies are still relatively unused in clinical development process but this is clearly changing. Both stocks are long term holds with excellent futures and hvivo has considerable moat and pricing power will follow on that front.

Everyone and their mother has a p38 MapK inhibitor? Name 3, which biotech has them, what phase they are in and what indication they are for. Some light homework to help us dimwits understand being as you have done loads of research on this. I have time, so no rush....