Member Info for redindi

Redditch

Really? I take heart from it. The last two interviews with PM were obviously carried out with PM at home. The latest one looks like it was carried out with PM in the office, probably in the, how's it put, most Covid-19 secure room in the building and carried out there for the safety of all (at SEE) concerned. I think we have to acknowledge that we are still in the middle of a pandemic, no less so Australia at the moment (even if not in Canberra) and that allowances have to made for that. But, SEE is back in the office.

As for the lack of a tie, as the Jobs and Bezoz examples highlight, in high tech you don't need a tie to get on, what you need is the best tech, totally spurious point which actually deflected people away from the message, which was NO PLACEMENT, which no doubt upset the green blobs.

Jim

Initially there will be many vehicles in the EU area (and the UK) that do have 'basic' DMS and although (EU I'm talking about) other DMS providers, or provider, may win the odd contract for low price models (who have never got 5 stars) even here, if on a chip, SEE also has the cheapest but best solution. Best because it still has the highest availability and doesn't miss hardly ever the edge cases that others might. And it's doubtful there will be more than 2/3 providers. SEYE, considered best of the rest, told Cenkos at CES it was unsure it would meet ENCAP but that isn't to say it wouldn't meet GSR. So if SEYE is doubtful of meeting ENCAP what's that to say of the rest?

As regards level 2(+), it's more extreme but point by point - no, yes, no. Others have tried it with SEYE, believing their internal engineers could solve it. What happened? BMW Traffic Jam Assist. Where is JLR, Audi, Porsche, even Geely and Hyundai. Compare that to SEE!

Compare also the R&D spend between SEE and SEYE and also the naturalistic data between the two. They are different beasts. People, maybe with agendas, moan about SEEs R&D spend but that really says it all about the difference between SEE and the rest. Lastly, look at the patents, SEYE had as good as stopped innovating 3/4 years ago.

Different beasts and actually different product /technology.

Jim

Such is the nature of the automotive industry, I don't think it would be wrong saying it supplies all the OEMs in some way as do Bosch and others.

The L2(+) system has (almost) certainly SEE DMS /DSM included. Why? Because I very much doubt due to costs ironically any other DMS provider could offer (almost) 100% availability using one camera. SEYE need to use 2 and at CES Eyesight used 3 to get to the same availability. Cost goes up not only due to the additional cameras but also additional engineering.

And Level 2(+) needs very high availability.

S2020

Yes but think how successful Apple would have been if Mr Jobs had kept his tie on. His irresponsible attitude and unbusiness like attitude has undoubtedly given rivals the upper hand ever since. And cost Apple shareholders fortunes!!!!!!

https://www.eetimes.com/video-killed-the-robocar-star/

https://mobile.twitter.com/semicast_res/status/1291644149582704640

Beef

If only. However, most of the RNS appear to cover that possibility. The GM /Cadillac extension RNS said 'across multiple models' and 'at least A$7 million. So, yes, it could be 5 models, it could be 50, it could be $7 million, it could be $77 million.

Likewise, the Ford RNS, it could be $50 million, it could be any amount above that.

As the Cenkos note alluded to, it's likely models will just be added with no fanfare and we'll only find out like with the Mustang (still not confirmed) or when SEE is allowed when actually on the road, virtually at the bottom line stage.

So, we await the new OEM RNS.....

Bauch

I can just imagine this will become known as TielessGate, millions of dollars of contracts lost due to a missing tie.

Only for two years later, OEMs realising wearing a tie doesn't guarantee 100% availability!

Indeed, be careful what you wish for. Yes PM still has to deliver re new contracts but perhaps, after the Takata mess, Ken had the proverbial low hanging fruit to go for, with what there was fruit wise, literally no competition (SEYE can not do what SEE do or it would win everything) and SEE hoovered up all that fruit with Ken at the helm.

Then, let's skirt around TFD, I'm sure none of that was Ken's fault, hmm, and those 2 small wins, which Ken will take all the credit for. 6 RFQ and 5 RFI and what has SEE got from it? 2, probably both BMW extensions. Which leaves 11 in the mix (not far out from Veoneers list).
So is that Ken's fault, Paul's fault or something else. Well, probably a bit of each but probably the other. Rumours persist that the 2 oldest RFQ are held up either due to politics or ever increasing order and also probably throw into the mix Covid-19, which probably has affected them all. So, hardly Paul's fault as is the case for Aviation and also Fleet, which considering everything has done well, how it can now be seen as a cash burner is a strange one.

I think it was Ken who started advising on the number of RFQ /RFI SEE were involved with and I believe he really started to ramp it up about 2 months before the placement and look what's happened since? Some might call that cynical. And Paul also I'm sure will be regretting his imminent moment.

So, we come to today, having had the update yesterday. I'm not sure why he did not wear a tie although the room had all the personality of a prison cell so perhaps it was taken off him for safety. But did no tie detract from the message? I doubt it.

What was the point of the message? First and foremost to emphasise the most important thing, cash conservation had been achieved and no placement now and probably never. That, as others have also stated, at the present time, is what it's all about. Contracts, whether they are in Auto, Aviation, Telematics, Rail, will come when they're ready and they could be ready anytime.

And this is Paul's main achievement to date, although there are others. Would Ken have been able to achieve this. Two things Ken said during his time 1 - the staff are the most important part of the business, in that, shareholders are not and 2 - he would always go to the markets if there was a shortfall in funds. Put the 2 together and for Ken it's the easy option of a placement, no or minor savings made and probably, even if minor compared to the last placement, the market would have played on that and we'd be looking at some way South of the current SP.

Back to Paul. Go back to the previous interview when he said auto revenue was hardwired to double each year for the next 5 years. Presumably he knew the A$8 million had already been banked so that would mean Auto revenues were going to be around A$17 million rather than A$9 million.

So, instead of, assuming he was using the license fee as Auto revenue, A$9, 18, 36, 72, 144 & 288 it now becomes A$17, 34, 68,

JC

It would be interesting, although very hard to pin down, how many other patents, have at their base, a SEE patent and with it an entitlement to royalties. Other than probably Veoneer, SEE hasn't even begun to tap into this goldmine.

From what I read, there's usually more than one third party basing its IP on SEE IP to a certain extent.

Imagine, 30/40/50 + other parties paying royalties for the use of some or all SEE patents and doing nothing else, other than adding (building onto) to the existing patents. Great business model, ask ARM.

Human Factors? Now, who does that? Intoxication? Who does that? Answers on a postcard.

What and take Lombard over 20%?

Beef

Of course, SEYE is the world leader in eye tracking. How do I know that? SEYE keeps on saying it and recently Viktor also stated game over, SEYE is the winner.

Hardly, there are (at least) 2 games going on and generally SEE and SEYE play in different games.

Yes, SEYE is good at 'marketing' but as they say, keep your eyes on the quiet one. When SEE, for whatever reason, downplays the size of the contract wins, don't be surprised if the noisy world leader overstate its 'successes'.

Still, we'll only know when we know.

DSM......

https://mobile.twitter.com/semicast_res/status/1287812484598988802

Shallwe

I think it might be SEE who would ask for a continuous NDA.....

Jimmy

So, potentially, if you're in a car with SEE tech, you would have at least (because of availability) a 51% of avoiding an unnecessary fatal accident compared to other providers tech. Assuming intoxication is included in SEEs offering.

That's a big difference

Buff

Let's hope they are not the same experienced, tech savy investors who burnt loads on AV start ups)))

Morg

Customer may very well be FCA which is /was due previously later this year

Yep and until then, guinea pigs will needlessly die in his experiment or is it cost or both. Next, he will say 'we will turn on the already installed camera' and Tesla fan boys will laud him for it, not realising the camera is useless as far as DMS is concerned.

However, I think he's not alluding to torque based DMS, he's well aware of what is being said both here (Europe) and the US. All those vehicles with FSD etc are going to have less street cred soon than an F150, E Mustang, not to mention the odd Cadillac or 4. About time too.

UpDown

I think that's the point, the current 'system' don't work Elon and is easily circumnavigated. The man is deluded, he can 'almost' drive from his house to work without intervention. 'Almost' is as far away from can as you can get......