Opportunities1 Jan 2020 23:33
From 2017 final results
Rail
The Rail market opportunity is compelling with 200,000 freight and passenger trains worldwide, operating over 10 trillion freight tonne-kilometres and 3 trillion passenger kilometres.
Seeing Machines has signed an exclusive Alliance and Master Development Agreement with Progress Rail Services Corporation (Progress Rail). Progress Rail, a Caterpillar company, is one of the largest integrated and diversified suppliers of railroad and transit system products and services worldwide. Since its acquisition of Electro-Motive Diesel (EMD), Progress Rail is the world’s largest builder of diesel-electric locomotives for all commercial railroad applications including freight, intercity passenger, commuter, switching, industrial and mining.
The Agreement provides ongoing world-wide licence rights to Progress Rail on a royalty basis for core rail applications and outlines agreed minimum revenue targets for the first four years. Further to hardware sales, each unit will be sold with the Seeing Machines monitoring service, representing further ongoing revenue stream for the Company.
Off-Road (Mining)
Seeing Machines is the exclusive provider of Caterpillar’s in-cab operator fatigue solution as dictated by 2015 licensing Agreement between the Companies.
There are currently 5,000 Seeing Machines Driver Safety System (DSS) units in vehicles across 50 mining customers globally. Caterpillar’s (CAT) footprint includes 3,000,000 CAT mining vehicles globally, as well as other types of construction vehicles, this represents a further opportunity of 10,000,000 vehicles across Construction, Cement, Oil & Gas, Hazmat and Forestry industries.
So maybe this explains why the market dont believe the company as we have a tiny tiny percentage of this and thats not including the size of world wide fleet opportunities which they messed up in another way.
Pretty poor, not deramping just wondering when im going to get a return on my investment.
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