focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Byton, and for some reason there was a problem on LSE at the time and this RNS was never listed here.
27 July 2018
Seeing Machines (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety, has secured a further program design win, working with a major Tier 1 partner, for a Chinese OEM to deliver the Group's Driver Monitoring System (DMS) technology.
Mass production is scheduled from 2019 and the technology will be delivered on Seeing Machines' proprietary FOVIO Chip. The Group's ability to deliver its DMS technology on the FOVIO Chip broadens its addressable market considerably, particularly given the timeframes in which OEMs are beginning to implement semi-automated driving technology and incorporating DMS to enhance safety.
The estimated lifetime revenue value of this program is more than A$10m based on initial models included in the agreement. The first material production revenue is expected to be recognised in Seeing Machines' 2020 financial year.
This design win underpins Seeing Machines' global leadership position in DMS technology and brings the Group's automotive customer base to six global Tier 1s and five OEMs, with numerous new vehicle models launching in the 2019-2022 timeframe.
Seeing Machines' FOVIO driver monitoring platform uses advanced machine vision technology to precisely measure and analyse head pose, eyelid movements and eye-gaze under a full spectrum of demanding lighting conditions, including through sunglasses.
This data is processed to deliver real-time information on driver attention state, focus, drowsiness and impairment levels. DMS (driver monitoring system) technology is typically used to enable intelligent ADAS (advanced driver assistance systems) and semi-autonomous driving systems as well as enabling advanced new display, safety and convenience features.
Nick DiFiore, GM of Automotive at Seeing Machines, commented:
"This latest design win is further evidence of the rising demand for Seeing Machines' DMS technology and recognition of the key role it can play in improving transport safety. The deal brings our sixth customer from the automotive sector, illustrating continued strong momentum in the business.
"We are delighted that this OEM program will be delivered on the Seeing Machines FOVIO Chip, thereby reinforcing the Group's ability to supply its DMS technology across a wide spectrum of global automotive customers rapidly and at reduced incremental cost."
So we are all agreed then? We will all be happier with double figures. At last something the whole Board agrees on. Now moving on, interesting gains, certainly feels like a drummer boy somewhere has started to find a rhythm. And Colin is back! Are the two connected? Par rup a pump pum as the great David and Bing were heard to sing for a Christmas number one.
Also at CES, Byton, article from bbc today and is the first company they feature. My very first press conference featured just about all of those themes. And Byton, the electric car-maker backed by Chinese investors with deep pockets, seemed determined to play Buzzword Bingo. Showing off the M-Byte, a car with a touchscreen tablet embedded in the steering wheel, Byton executives told us this was going to be the most important device in our lives, it was going to use AI to transform every journey, it would leverage an "open-ended flexible architecture" and it would have level 3 autonomy built in. Roughly translated, this means they are building a vehicle with some nifty features that will be able to drive itself a lot of the time, while keeping its occupants informed and entertained in traffic jams. The cynic in me wonders why they could not have said that in plain English - and why they are boasting about level 3 autonomy when much of the automotive world now thinks that is a dangerous middle ground where neither the car nor the driver is in complete control. But then I marvel at a company born just a couple of years ago having the ambition - and the cash - to believe it can deliver a world-beating electric car by the end of 2019.
I’m aiming to go to this.
Or delivery miles have increased due to Christmas demands. I know this is all back of an envelope stuff but there are so many unknowns in this project. Good effort though. Keep positive, I have no idea why they don’t just release every new truck signing on, could just update the website if they don’t think it meets RNS territory.
A BMW exec explains why billions of dollars are burned in AD development, Waymo ushers in a new era and Tesla once again makes questionable headlines: read our weekly analysis of the most important news in automated driving! If you were following events at the LA Auto Show last week, you probably noted the headlines surrounding the self-driving iNext vehicle BMW which was featured. Newsworthy? No doubt about it. But to me, some things that Klaus Fröhlich, BMW’s head of development, told Bloomberg at the LA Auto Show were far more revealing. Fröhlich announced that BMW is currently talking with “two or three big carmakers” about joining BMW’s driverless car alliance. BMW initially forged a consortium with Intel and Mobileye, which was later joined by Fiat Chrysler and Continental, among others. According to Fröhlich, many companies now realize they will have to discard earlier versions of their tech and replace it with jointly developed software. “They have to invest the first billion, already knowing that this tech will not survive,” he said. “You have a lot of sunken costs.” Now that’s probably one of the most compelling arguments for creating driverless car alliances that I have heard so far. In a rather straight-talking manner, Fröhlich also shared his view of who will become the world’s leader in automated driving. “China has good companies, software, hardware companies; they are expanding to very powerful chipsets, and there’s a political will, it’s very clear,” Froehlich said. The USA, he feels, lags behind due to its patchwork legal situation in different states, which leads to “a little bit of anarchy”. Even worse, he considers European regulators too slow in updating laws to catch up with other regions.
DO NOT DISTURB: TESLA’S LATEST AUTOPILOT HICCUP Is Tesla doing enough to prevent misuse of its level 2 Autopilot feature? Although Tesla customers are told that they must remain vigilant at all times, the advanced driver assistance system has been confused with a fully autonomous feature time and again. A particularly blatant example of human abuse of the technology happened last week when the California Highway Patrol spotted a man apparently sleeping at the driver’s seat of this Tesla Models S – going 70 mph down Highway 101. The police officers realized that the Autopilot was probably engaged. They pulled in front of the car and gradually started braking, slowly bringing the Tesla to a halt. You cannot blame the Autopilot itself: it did what it was supposed to do and may have prevented a crash. But clearly, Tesla’s measures to ensure the driver’s alertness don’t function properly. Tesla updated the system this summer so that a warning beep sounds every 15 to 20 seconds if a sensor doesn’t detect hands on the steering wheel. As YouTube videos proof, it is easy to cheat the sensor using an orange or a water bottle. The reason why you don’t read stories of misuse about Audi’s Traffic Jam Pilot or Cadillac’s Super Cruise every week is that they monitor the driver’s head position with optical sensors. What’s stopping Tesla from installing something similar?
Why do you speak like Gollum my precious?
This is the future plan, espoused by SEE founder Tim Edwards
Timothy Edwards
Founder and CTO at Seeing Machines I R&D | Eye-Tracking | Machine Learning | Automotive | Driver Monitoring Systems
my thesis is cars will be the first mass scale network connected "robots" with sensing means to look at eyes and faces, talk and interact through various HMI mechanisms, and sense the environment all at the same time, for long periods of time. This will be the societal touch-point between machine and human where the data can be gathered and the first intelligences formed (for genuine safety reasons) to become usefully empathetic with humans.
Say it ain’t so Joe ( he pleads in a whinney American accent)
Where are you Colin? I am missing your insightful posts. It’s been a month now. All I want for Christmas is some
s tweets
Yes well done, all valid questions that should have already been addressed in Normal Buisness
They are all asleep over there now. Or out on the town celebrating an informative AGM. Lets see if it’s chin chin or nght night
Also remember once in a range of cars they are unlikely to change anything mid cycle so late joiners might just be..........too late!
What is concerning is the voting options listed for the Annual General Meeting due to be held on 14/11/18.
Resolution 5. Approval of termination benefits for Mr Nick DiFore
Please don’t tell me Nick is the one leaving?
Seeing Machines LATAM continue to expand what the Company is doing.
Alliance between seeing Machines and Clínica MEDS for the study of sleep quality in MEDS clinical chauffeurs, through its NeuroMEDS unit and the company SeeingMachines, which has equipment to detect sleep and fatigue in drivers, unite to establish Intervention strategies in changes of sleep hygiene, physical activity and healthy eating, that help the health and well-being of these officials and thus avoid traffic accidents. Through the NeuroMEDS unit, we will evaluate the quality of the drivers ' sleep and propose the necessary intervention strategies in changes of sleep hygiene, physical activity and food. To address the issue, was in Chile Dr. Marco Tulio Mello (photo below), PHD from the University of Sao Paulo and professor of neuroscience, health and physical activity at the Federal University of Minas Gerais-Brazil, who together with Dr. Tania Rodríguez, head of the unit From the dream of Clínica MEDS, Dr. Sandra Madone, director of the physical activity and professionals of seeing Machine, met to visit the premises of Clínica MEDS la Dehesa.
I am playing the mega millions lottery taking place in the US tonight so when I win the 1.6 billion dollar jackpot I will buy SEE and give you all 15p a share! Kind I am.
This article made me laugh. Worth reading. You may have heard 5hat Addison Lee taxis are planning on launching driverless taxi service in London by 2021. Part of the plan is for London to adapt to driverless vehicles not the o5her way round, ie segregate pedx and cyclists. I wonder what part of London they had in mind!
Good thorough article from Wired though
https://www.wired.co.uk/article/addison-lee-self-driving-taxis-shuttle-buses
From my notes taken at the time, presented by Paul A.
Gen 2 shown and in manufacture 13000 to be distributed 3 months 3000 to old ones to other clients