Member Info for phil01

I am not sure they can share our monitoring fees as the Fleet system from the two companies do separate jobs.

Mobileye Fleet is solely a collision warning system that alerts driver of surrounding risks by an audio inside the carbine, ( a bit like your reverse warning audio sound when you are reversing too close the car/object behind you). No value in 24/7 monitoring.
By Mobileye and SEE incorporating each others tech, it provides a holistic suite that mitigates risk both internal and external from the car.

Great Alliance, covers all bases for both company.

Mobileye has forward facing cameras to warn of potential risks from around, (outside), the vehicle, SEE have inwards facing camera to warn of risk from driver distraction.

Sometimes I despair with some of the statement from people with emotional attachment with this share instead of seeing it as a simple investment.
"....... SM wouldn't sell to a Tier One....."

SM will sell to Del Boy if he stumps up the asking price. Thankfully to most of the big players, SEE is just an investment from which they hope to make money. Anybody that stumps up the asking price will walk away with the company. At the end of the day the share holders will vote to on whether to accept a bid or not. The few , share holding wise, that see SEE as their Granny and have emotional connection to it, may vote against selling their Granny to Joe Bogg but is will not matter a jot, as for most of the institutional investors and a few of us here.. all that really matters is how much money the acquiring company/person wants to pay for the company. The acquirer may be Donald Trump or Donald Duck for all I care.

Possibility is proactive swap of current GUARDIAN with GUARDIAN GEN2.
Connectivity is different for Guardian Gen 2, so I would imagine that the company may have to replace Guardian Gen1 installations with Guardian Gen 2.

Just my own supposition no data or any other information to back it up except from what PM said at the Townhall meeting about Guardian Gen 2 having a better connectivity that it can link up with all the currently know telematics system. Unless they plan to have 2 different support models for Guardian Gen 1 and Guardian Gen 2, which will bring complexity and cost my expectation is that eventually they have to migrate all Gen 1 to Gen 2. Supporting both will bring cost not only in maintaining spares for the different types, training Guardian service personnel, maintaining ECN etc.

Nothing new there, except for those that were deluded into thinking that SEYE is not a serious competitor.

What is important is that both SEE and SEYE will be the dominant players in the DMS market so no matter where you are invested, you will reap the rewards with a bit of patience.
Who is the King or Queen of DMS is really of no value to me except if it has monetary value to my investment. Only actual numbers will of installation will have any effect and clear evidence of booked future revenue. Nudge..nudge, wink... wink does not translate into market valuation especially in this economic climate, since it is easy for anyone to project future world domination. We have done the talk, now as SEE we need to walk the walk..... contracts signed etc.

Soul,
Not sure about Valeo DMS, seems to be pointing to SEYE.

According to their write up these are the future features of their DMS:
Future features:
Driver authentication
Emotion recognition

I don't think we do emotion recognition, that sounds more like what Affectiva does. [On the other hand maybe we are planning on doing it in the future].

SEYE works with GM , same as us so I imagine some GM cars will utilise SEYE offering. Especially models for China market.

Not related to SEE.
SEE is in Ambarella CV2X SoC and this partnerships based on CV3 SoC.

What is new with this announcement as opposed to same last year?
The SoC OAX4600 was announced in CES 2022. [ OAX4600 V2 ??? or is this being made since last years CES was not in person due to COVID]
https://www.ovt.com/press-releases/seeing-machines-and-omnivision-launch-silicon-platform-with-interior-sensing-technology-optimized-with-occula-neural-processing-unit/

DreamMachine,
Unlike your name, you are to reasoned to be posting on this BB. As an investor , I am with you but I leave the dreamers to accommodate their fantasy, the only issue is if some naïve investor follows the moonshine and put all into the share based on some nameless person's say so on a BB. Then again they have only themselves to blame, if it is that easy to be millionaires on the stock market then we will all be multi millionaires.
Before we get anywhere near where some people are proposing as a given we will need to have at least a forward order book of at least $1B.
Just have a loo at what Magna is paying for Veoneer and the order book for the company, which is in excess of $1B so if we get £1 per share at an order book of $1B that is really paying top dollar.
No harm in people dreaming however, I suppose that is the lot of PI. Incidentally a lot of realism have descended on the BB , based on the share price predictions for this year. Last year the number of people predicting a share price in excess of £1 at the end of this month was a lesson on group think. [ This company will be a unicorn at a price of 20p a share].

SEE will do very well but it is still quite a few years down the line until we reach anywhere where people are imagining. We do have some other catalysts that may drive price action once enough information is available to factor these in: (a) how will GEN 3 actually affect our TO .. not what we think it will do; (b) OEM fitment of Guardian bus and truck manufacturers.
(c) IF we do sign a licence agreement with CAE or anyone for including our tech into the PPS suite of offerings, what will be the penetration rate of these as I imagine what we will get will depend on what they actually sell with our tech.

In short there is some upside that MAY mean that we would get to the promised land sooner, but again these are just wishful thinking until there is more supportive data to enable each of these scenarios to be priced into the share.

Main thing is that we will be trending upwards and have enough finance to reach profitability but those that are thinking of retiring in two years time, based on earnings from SEE , should keep hold of their jobs as it would take much longer.

Good start Santa as a stocking filler, but he needs to get the real present sorted as soon as possible.
last 6 months ,July -Dec , SEYE has announced 7 wins totalling USD 137.24 Mill against ours of just 1 win at 32Mill.
Talking about us having over 50% market share is all well and good but we need to start seeing the green shoots.

Talk is cheap, SHOW US THE MONE. Where are the contracts the justify management openly talking about possibility of having 50% market share or was that just a gut feeling or normal CEO speak. [Have yet to come across a CEO that tells you that whatever they are selling is not the best around].

For me SEE have to start delivering this coming year as we have had the talk and the CEO vision, now what about actual execution and visible signs that we will get there in our lifetime.

Anyway to everyone:

HAVE A GREAT FESTIVE SEASON!!!

glandore,.
I have same worry as you since I remember PM stating that they may narrow the number of Tier 1 that SEE works with to a few maybe 2 , 3, 4 Tier 1 they have not yet decided.

That a worry for me, for example if they decide that they will only be working with Magna and Qualcomm then we will be loosing a significant volume of business since clearly you do not expect 50% of the automotive RFQs to be won by just 2 or 3 Teir 1.
I am just going blind here and hoping that PM know what he is doing but the logic on the surface does not make sense to me. We do not have to be working with the smaller Tier 1s but should have a relationship with all major Tier 1 so in my mind that is at least about 6-8 Tier 1s.

The DMS mirror that will be demonstrated by Magna has not a lot to do with the Veoneer acquisition by Magna.

Veoneer had two business area, ADAS and Active Safety . Qualcomm partnered with SSW to buy Voeneer for $4.5 billion. Qualcomm kept the ADAS business and sold the Active Safety to SSW.
Now Magna is buying the Active Safety part of Veoneer from SSW. So either Qualcomm has got the DMS portion, ( which incidentally is based on SEE), if you think that DMS belongs to the Voeneer ADAS suite or else Magna will have the DMS portion if you believe that the DMS functionality belongs to the Active safety part of the business. One of them has the DMS part of Voeneer but not both of them.

Does not really matter in the end, because Veoneer DMS is based on SEE, and we have a licence with Magna for DMS in the mirror. If Magma is now purchasing the Veoneer DMS as part of the Active Safety suite then it means that Magna can also be able to offer SEE DMS as part of the infotainment, within the ADAS ECU, as well as stand alone in the mirror.

Thus if you believe that DMS is part of the Active safety then it means that Magna can offer our DMS in the mirror and also as part of the ADAS ECU.

They are doing well. Hopefully our day in the sun will come soon.

Easy Folks,
Lets step back from ruining the board even though alternate views are not often welcomed in this board.
It is the season of goodwill after all.
We can all agree that Seeing2020 use of the words were unfortunate but let's not all pile in.
That however is the lot of PI, we seem to think we know everything even when different view is staring us in the face, humans are subject to confirmation bias.
Even though we are on the outside, we al know definitely that SEE has the best product because PM said so.
We all know as a fact that SEYE is crap even though Martin Krantz and a significant number of institutional investors said otherwise.
We all think SEE should be trading at least on £1 per share even though the house broker thinks otherwise....what do they know, they are only professional investors that have inside access that we don't have, apart from being payed by SEE to produce these reports.
The fact is that the truth is always somewhere in between and in shares nothing is ever 100% guaranteed, else we will all be billionaires. Every investor in every stock on the market will tell you how extensive their analysis is, and they will be a millionaire next year. Investing is always a balance of probability, and for me there is a good probability that I will increase my wealth by investing in SEE. That being the case I have not got all my money in SEE because like it always says, stock go go down as well as up. [I do not have access to SEYE so I am not invested in SEYE].
Whether you are in SEE or SEYE or both there is a high probability that you will make money.

Again as PM said, once the market becomes more mature there will be nothing like King of DMS, but just who won most in current round of RFQ. For each round of RFQ the feature demands will change and all will be invited to put in a tender, the company that can more satisfy the requirements of the RFQ at less overall implementation cost will win. .. for OEM it is all about cost. Winning in a round of RFQ does not mean that you will win in the next round even for the same OEM.

Currently we have a higher ISP, according to PM, not because the OEM like paying more but because we deliver at less overall cost: we co-design with the OEM and take out materials from the bill of material meaning that overall implementation cost is less for the OEM even though they are paying more for our ISP.
I follows that if an OEM does not want a co-design route or want some feature that we do not have, they will select SEYE as they have a lower ISP... so long as SEYE offering meets the NCAP requirements.

That is my last input on this topic, I will just go back to sleep, and just read the BB.

Seeing 2020,
"....Today I am disappointed in so called long-term investors, hang you heads in shame...."

Seems to me that you have an emotional attachment to the stock. I think those that have decided to balance the risk are well within their rights. Most are here to make money not be a cheerleader for any particular stock.

I am in SEE because I still believe the story of DMS rather than it must be SEE, I do not have access to SEYE or I may spread my bets as both will do well in the space. For any stock I hold, if I see an opportunity somewhere else I will be off like a shot and buy the new position, no emotion whatsoever involved.
For example I have added to my SEE today not because I have any emotional elegance to SEE but because, in the cold light of day I thought the SELL was over done. The panic is probably by the ones that has not correctly analysed the landscape and believed the narrative that SEYE is not a challenger, a big order for SEYE then makes them question their position. These are the people that are now trying to rationalise in their minds how a dead duck that is expected to fold tomorrow is winning contracts while the one we have convinced ourselves will win 99.9% of the orders has not announced anything. SEYE is only supposed to win China, contracts that we do not want, or orders no more than $5Mil quantum!!

Glandore,
PM did not directly question SEYE ability to win orders. He said that he is amazed that the topic of financial stability has not been an issue within the industry up to now and he hoped that going forward it may be since SEE is now well funded.

Financial stability has not been a consideration up to now, ( even for SEE when we were living hand to mouth), and I imagine for a company like SEYE it probably will not be going forward. They sell you off the shelf software and it is your responsibility to integrate it in your design. So long as they are there to sell you the software then they are out of the loop for most stand alone DMS cars who just need a DMS to become compliant to NCAP regulations. If you are a high-end model who requires over the air software updates then you may start worrying if they will still be there for software update in the next 2-3 years.

For 90% of cars they are just looking for anything that makes them regulatory compliant and no more.

isb1974,
You are probably right about setting myself up for disappointment. I am however going on the basis that it will take about 2year development cycle for a new car so the RFQ needs to be awarded sharpish for a 2024 car production.
My take on the wins by SEYE is that the FY2024 production RFQ are now being awarded at this late hour.

My assumption is that SEYE would not have got the entire 100% of outstanding 2024 production RFQ so ours must be imminent.

The timeline for award of any 2024 production car is almost over, (assuming a 2 year development cycle), so SEE is bound to announce their own wins soon.
No need for the current panic since SEYE has always been a stiff competitor and is bound to win their fair share of business.
I suppose the panic in this board is as a result of the false narrative that some people has peddled on this board that SEYE is a dead duck, so the fact that they have a big win took those that bought into that narrative by surprise ..hence panic stations.
If we were already aware that SEYE is a competitor that will win significant business then this will not panic you. For me this just signals the fact that FY24 production car RFQ are now being awarded and SEE is bound to get a slice of them, how much I will leave for others to speculate.
Personally I will be expecting SEE announcement of wins within the next 2 weeks.

Whatif18,
Has this been confirmed as FORD? If so then this becomes interesting, dual source or have they taken FOORD from us just as we are crowing about taking BMW from them.
I suppose as PM once said, just because you win today does not mean that you will win tomorrow. OEM will put out each new platform to tender via an RFQ and someone will win that, SEE, SMART or whoever else is bidding against the RFQ.