Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Love seeing all these patents and potential uae cases and marrying of automotive eye tracking with other functionality. Now some of these maybe internal dms not see or smarteye but if implemented the data call on processors will very high. This for me is the key for the need to have dedicated asics or NPU cores built for eye/human tracking to drive the load of maybe multiple cameras or sheer bandwidth of data and the speed that needs to interact to the central computer. Exciting times and having that in SEE armoury is super vital and the faith the semi conductor companies have shown in SEE and that have licencesd and built in occula NPU suggests the market is there and will be needed. I think share of market to 2027 prob will be 40ish % seeingmachines. 40ish for smarteye and the rest cipia and others. However as progress is made in how user interface, adas and augmented driving features merge I predict we will get closer to 60% and the legislation outside of eu where we know this is a done deal won't matter as it will be the augmented features that will drive it. Hopefully the future value of this will be recognised early but i do think this will need exposure to.more future supprting investor bases in the us to get the multi billion mcap we all hope for here. The adjacent verticals that could use eye tracking that see haven't even explored publicly would increase value further. Imho
My apologies to the redeye guy. Jesper not Jakob....
Martin is truly awful front man for Smarteye. I have said before when permagrin Jakob asks even softball questions, Martin really gives out dog ate homework vibes.
I asked 4 questions via their premeeting portal which were pertinent to competitive landscape and not one was added. One on Martins thoughts on aviation post Collins deal (they have recently on socials bigged up aviation) asked about the mirror for comment on Gentex announcing their solution and smarteyes take on them maybe being at a disadvantage on this area. I asked about the trajectory of OMS/DMS integration to ADAS and the competing calls on cpu time for a software only route vs tailored asic etc and final one about further dilution being needed if numbers done ramp at rate expected due to oem.delays. the software tier 1 stuff bypassing the tier 2 actual implementation needs is fantasy land stuff. Business desperate for a buyer.
If cipia struggled to raise but have awarded contracts then an acquisition of cipia might work. They could strip out a lot of engineering and admin cost quickly and add to bottom line nicely.
If we announce decent news and this was recognised in a decent t rerate I wouldn't be against some dilution to acquire both tobii and cipia. Tobii has some interesting stuff that could feed into the research use side similar to what smarteye emotions/affectivia do. Again some headcount reduction and back office savings to aid profitability and a new vertical. The tobii stuff for tv/monitors/ wearable glasses would have some potential on how we interact more deeply with tv/PC set ups.
Just my thoughts and could be a distraction but....
We already have demonstrable alternative sitings to mirror. The supercruise and blue cruise are camera and illumination modules not in mirror as just two examples. Redeye are smartye house broker and are deliberately playing down mirror as they can't access. Gentex are spending money in this area and who knows if they bought cipia/tobii and even smarteye they would likely be a future challenger. They have decent share in rear.mirror which could get eaten by magna so have a decent chunk to.lose so won't just let that happen. Initial investment in mirror by magna won't have been done lightly. The cost aspect- the chip this could still be central core cpu but that will be challenged by all the tasks that it will do overall as feature creep migrates down ranges. A dedicated asic for adas/ar/oms/dms that uses hard baked acceleration will be advantageous for maximising software availability and speed under high load. The adas stuff already sits in mirror area so not much extra spend if any. The camera is needed for all dms/OMS but in mirror means fitting a mirror means that x,y,z models on platform that may have subtle or not so subtle differences in interior do not need different housings for IR/camera and all the engineering and extra steps to manufacture. The mirror would be more LEAN in production and cost saving. The mirror itself is a cost, the scale of fitment will bring cost down and potentially magna get a mirror win also vs competition. Overall package cost below two diff suppliers. Magna also do huge business with mobileye in adas, another potential shaving of cost.
Bill of materials likely overall when manufactured process cost also factored is likely below a software only approach.
Smarteye via their broker trying to muddy waters and keep their own investors on board and calm. Imho.
Short tallywacker clearly has an agenda of deliberate negativity, much incredibly tangential to SEE. Happy to throw up imagined issues or unrelated issues as massive problems for SEE.
Tesla could keep.in house but if I was betting man I would say if they really need a decent system that can integrate quickly then acquisition would allow that. Cipia would be my bet as likely could get improved functionality at a.much cheaper price. It would leave them less of headache to unwind not core stuff that they might not want bother with. Just my opinion but if was elon that's what I would do. Cipia are the dark horse play here. We might have too much in our bag for an oem although tesla a bit different as non traditional manufacturer. Smarteye a bit between two stools I think. Would elon want our licenced revenue? Guardian etc? Would the other oems start to design out a tesla owned business? Tobii might also be a play more suited?
Bet your fun at a party David....
End of year 9.5p
Spike 11.3p
Nathan
Rns on the 29th or 30th, large japananes OEM 200m usd contract for magna mirror to spoil the smarteye quarterly numbers release would do nicely.....
As second choice. 3oo ish pilot fatigue monitoring set ups for large aviation OEM for a popular long haul aircraft in partnership with Collins for a large middle east airline to be delivered over years with conservative value of 50m USD.
One can wish.......
It won't be a case of some people not wanting dms. They won't have choice. Every car in production for sale.in eu will have it. As for driving tests.not sure what your point is. The tester will still be checking driver for road positioning, road law observance, safe speed and indication and use of mirrors. The dms may or may not ping up whilst driving and that may get factored or ignored in a test situation as some maybe false.positives but I think some one here is raising issues where there isn't any. Dms is already out their and has been for a good few years and is sage and has demonstrated advantage for safe operation of trucks and industrial.mining equip. Non issue imho
type approval and ****logation processes ensure for the consumer everything is safe and tested. oems single and dual source all sorts of systems for cars you won't get told who.makes the dmas software and the software side and the technical integration via the camera/processing chip.or chips is down to the oem and the tier 1 such as magna,veoneer, continental etc. the features and functionality of say blue cruise or similar gets rated in ncap and which/what car consumer reports but will be the full integration. the dms part whilst important will be of course tested by many more miles during prototyping, nre work with the dmas supplier like us or smarteye in conjunction with engineers from oem.and tier 1. once it all works and tested it goes for approval then scales up to volume
initial early batches might be runs of.limited nature and then retesting etc for snagging on final.process then to full manufacture scale which could be many thousands of cars per model in some cases per month. customer will still do their research via what car, autocar, car shows or internet on features and how they compare. nowt so funny as folk. people will still by the manufacturer they have loyalty to and the model they like and some will be a hideous car that has really comfy seats and top notch hifi. i think some overthinking is going on here. all eu cars need dms and we know/think 40 to 50% of new cars in 2026 will likely have see tech in them at 8 to 10 quid a pop. usa will likely follow and other markets in time also. i think for me is the investment case hinges on ensuring we get at least 40% share and our aftermarket and aviation turns in some real decent numbers. those two areas esp aftermarket with arr building will really drive the valuation versus just dms sales imho
I think you are massively missing the point. DMS will be in every European car regardless of shape or form. Ultimately it is disconnected as a requirement from ADAS. Some with ADAS of various sophistication will leverage the eye gaze to ensure the hands off-eyes on is being adhered to. I am 50. I will have stopped driving before true driverless l4/5 cars are safe to use. I was at school with someone who deals with type approvals in regulatorary side private sector but was in a government side role and he lectured on the training side of the l4/5 side systems and he reckons they are.light years away from having ai driving that can co exist with human drivers as the training drivers helping to develop edge cases are just not good enough drivers. Now a different question will be if lobbyists drive human drivers off road and driving is a walled garden of ai and car toncar communications... that will get significant push back from those that.kike the act of driving otherwise driving will become a richer man's game on a track off public roads.
Dms is legislated for and drivers won't get choice. Manufacturers will make it work in each model they make. Smarteye, cipia, seeingmachines will add their value on features and the accuracy if their tech to improve adas safety, add driving look and feel via augmented reality /Huds and for the cost of a camera placement and software will get more than its cost in value and differentiation of experience. It is still early but in 5 to 10 years all cars will have at least 1 camera facing driver and occupants regardless of local mandates. A l4/5 system will still have passengers that can be.monitored for eye tracking and visual parameters to add to experience. A long runway for this tech ai driving or not. IMHO.
How realistic are those numbers at the top?? Would there be enough volume in our SOPs that started since last update and existing programs already at SOP? Would be amazing as that would be c0.4 mil month in this quarter.
Maybe 2 quarters in future but now??
The standard of care is Mupiricin for nasal decolonisation and topical treatment. Will take a while to displace this but mupiricin resistance is increasing although lowish % currently. But not much else in the pipe to compete. Once resistance gets above 30% for muprirocin then it becomes almost unusable. Topical safety issues way less than injectable/systemic. Will be a blockbuster and acquired in less than 5 yrs imho
Can't see mine on list so please add 1,094,851
Ta, Nathan
220k more than last declaration.
My view on takeovers in dms soace would be Cipia might be first and Tesla would be its home. Less baggage to unwind and cheapest option vs performance.
Magna or Mobileye will be eventual home for seeingmachines if I was a betting man. No idea on smarteye, could stay independent and wither on the vine over time.
Just guessing really but I think Cipia will be first and might set a ballpark for multiples/tech valuation. Key to seeingmachines value is unlocking aftermarket at real scale ie millions of connections. If I was PE or an advisor to Magna I would say get seeingmachines for 50p/quid per share and spin out aftermarket with a perpetual license/reciprocal data share or research licence as a separate entity and relist the guardian service on nasdaq.
Hoping the price recovery continues, 0.5 to 2% most days now between here and the kpi update with maybe a nice oem rns and another one post kpi could see us back to 10-12p mark. Wishful thinking maybe but hey ho.
Could we be at a general turning point on the markets? I have a couple of aim shares that have heavily reversed from their lowest in the last 10days with little or no news. All the companies in better condition than they were on the business potential front than before covid/Russia but heavily sold down. Would be nice for see to match the 40 or so % rise of blackbird or shield therapeutics.