Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Conserv are active again on LinkedIn mentioning success in 4 grants to develop vaccine - pan corona virus( not just sarscov2 but other related like oc43) zika, malaria etc. Could be some interest in them if they get a pre clinical asset done. We might get a challenge study as part of testing a number of their assets if they get next step funding post bread boarded vaccine design. The imutex asset that is stranded alongside prepbio might need some kind of listed vehicle to be handed to share holders if hvivo gets acquired by cro.
Https://www.linkedin.com/posts/colin-barnden-1081376_ces2024-ncap-occupant-activity-7152630551273754624-4Jjl?utm_source=share&utm_medium=member_android
Catching up but two cameras needed and not clear if I mirror frame rather than behind mirror. Two cameras adds to cost and no wins yet for gentex software - I could see smarteye/cipia potentially being asked to partner if no bites on gentex dms out of box. Two cameras also add to processing requirements so overheads on central computer. No idea if they have a chip design or partnership that matches performance that an NPU might bring.
My take = close but no cigar
Https://www.linkedin.com/posts/smart-eye_ces2024-drivermonitoring-dms-activity-7150607214498443265-P71J?utm_source=share&utm_medium=member_android
Mentions mirror based camera. Would guess its around frame and not behind mirror. My guess is a collab to be announced with gentex either at ces or soon after.
Ffs
Https://www.linkedin.com/posts/cipia_exciting-news-to-start-the-year-cipia-activity-7150034386279632896-DZaw?utm_source=share&utm_medium=member_android
Cipia win for trucks/heavy vehicle.
Ho-hum. Fingers crossed for valeo or magna derived wins for SEE from.tomorrow at CES.
GEN 3 launch and confirmation of early uptake will be very welcome. However some installs will likely be, especially if fitted aftermanufacture , only generating initial sale revenue per fitment to.meet GSR. The big bucks comes from converting fitment to ARR via guardian monitoring upsell. My view or my idea call it what you like is that say ford or Mercedes fit gen 3 module in their transit or sprinter vans after manufacture we do a white label guardian monitoring service that the manufacturer sells with a revenue split. Could do well for corporate accounts etc. A couple of hundred thousand vehicles on a 60% share of ARR would look very nice indeed.
Apologies Cathal speaks not catholic.....bl***y autocucumber.
And as a final.point. See is an aussie company on a UK junior market known for some real rubbish cash holes. Seye is a Swedish company on a nordic junior market.
Both should be nowhere near any public market or if they are the should be on US Nasdaq. Both of these probably ought to be in PE and thinking of listing in 2-3 years way away from rainbow chasing 'when lambo' private investors and I say this sincerely holding 2m shares. GLA
The active safety bit of veoneer was c1.5bill usd of spend in cash from Magna. I think that DMS would be worth that to them and the Mining/aerospace would be a nice little earner that looked after itself as essentially very high margin income that needed little magna input and relationships would/could continue. They could hive off Guardian monitoring as a separate business of they deemed it non core or develop an arr model for a data business for other future auto monetisation for in cabin uses. There needs to be patience for sure. Some here are definitely down on PMG but we have magna and Collins brought in and importantly we out it our in public domain our numbers. That to me means something. Ask Martin at seye for their numbers.
Really cool tech. If they get in mirror dms working with clear view then the use case of mirror position becomes maximised past where a current mirror might be limited.
They are really joining up dms with adas and other in cabin sensors. Personally this is why having a robust tier 1 integrator doing heavy lifting is optimum vs tier 1 software. Of course each oem could just take raw dms signals into thier own teams set up and combinations of tech but the risk on this fornproject delay or failure could be high. Definitely 2 strategies developing but smarteye are just a software provider and PMG at the London capital markets day said essentially that is what see do too. There is no reason why we can't do exactly what smarteye do as a software tier 1 and we likely will do in some situations. I think we have a value solution not a price solution and that is what seem of us might be worried about. Smarteye have their research arm for market research and advert monitoring etc and that may aid OMS features and we have guardian/mining and aerospace to deliver revenues and that may aid performance and accuracy mission critical for adas and l3 autonomy. Aviation and aerospace could be really interesting and needs patience, guardian could if after manufacture delivers more guardian monitoring aftersales switch ons for lots of ARR. Hitting break even will be vital for both companies of course and market will basically be us and smarteye exchanging like for like blows for plus/minus 5% difference in share over time. The adds ons mentioned outside of auto oem work will be where we get to big numbers
Jins - new oem which means if they dms already its a loss for the original provider, if its new to the market or don't have cars on road it could be a smaller volume player and JLR for say land rover or jaguar might not have super scale on vehicles per year anyway. Importantly we won it and Cipia, smarteye and tobii didn't. Same people ragging on see for not announcing likely to carry on ragging on win size now. Can't win. Switching off for the day GLA
JLR?
Thank f#£% for that!
I guess the directors absolutely understand the trajectory and inside indications better than we do and that alongside what i believe to be a better technical.solution with a prime position for monitoring in the mirror and that magna have positioned this front and centre on their booths. I think I understand the trajectory too but I have considerable fear that the short sightedness and hubris of oems doing everything at lowest cost and a large and frankly more able than we credit competitor engaging on a race to the bottom on price to secure share at any price because they plan to exit and leave thenaquirer to carry any negative margin or costs is more than we can counter.
I will carry still a decent lump of shares post a barren CES as I think guardian will still grow and aerospace will deliver decent gain too and we will at least reach profitability but my faith on rerating to a unicorn tech company is being severely stretched. I hate the car industry Purchasing practices and lack of transparency and won't invest in autotech again post see
Possible maybe within an OEM but not sure within a model unless distributed on model grades. Very disappointed here at moment, I still thing any wins via magna we will need to wait for CES. Still struggling with Tier 1 software being pushed ahead of a more systematic approach negating some of the valuable codesign we have around optical path. The.NPU licenses/ codesign surely aren't for nothing and that would prioritise us. Still a lot to play for in the near term and in the future. If we announce nothing before or during CES then I may sell down 2/3rds of my holding as the opportunity cost of holding here is eating into my overall goals. I can live with a price down as far as 3.75p god forbid we ever get there again... if we hit this o am out. GLA
Interesting that Redeye haven't upgraded their rating in light of this big win. They believe its GM as I mentioned earlier.
Colin Bardens thoughts here https://www.linkedin.com/posts/colin-barnden-1081376_smart-eye-announces-largest-ever-driver-monitoring-activity-7142482057208782849-jEuV?utm_source=share&utm_medium=member_android
Looks like Swedish financial service regulation is as good as UK. Big inside purchase by seye last week and lo and behold big contract win but hey ho let's hope all our CFO purchases aren't wasted....
If i had to call it they are wrecking the market with a low price and unfortunately that usually ends in tears for more than one party. Could this win be GM? The videos of Martin pointing at cars included GM vehicles. Assume supercruise and ultra cruise is lost or dual sourced? Concerned at this point that regardless of technical or partnered advantage that we believe we have that lowest price is doing the talking.
I still maintain any magna win will be announced at CES. Barren December I reckon.
Https://www.inderes.se/videos/equity-stories-with-inderes-smart-eye
Always worth hearing what competition have to say and how they see things imho.