Member Info for schlemiel

Mate, two words, Federated Hermes. Another two words, due diligence. FH took 10% of SEE. At trillion $ fund manager do not invest in cacky companies, Moreover, they've bought NOW for a reason. I believe, their timing is relevant

So, patience..SEE is on the cusp

S2030

Yes, a 25% intra-day rise is not normal.

Therefore we can safely conclude that there's a buyer in the open market, obviously. But why are they buying? To up their stake or are they buying because they know something we don't? I've been involved in the markets for decades and there's no doubt in my mind that insider trading happens

It's a positive

Too obvious?? Not sure what you mean mate?

A couple of SEE jobs based in Michigan (home of GM). Well, one states Michigan and the other North America which I assume is also Michigan if it's DMS and GM related

With GM now a hiring spree in this area we are now building up steam as DMS becomes increasingly prominent throughout GM's range of cars....

At last, if one stands back, you can see the accelerating direction of travel and the eventual objective coming into view

I am convinced that the timing of Fed-Hermes's arrival on SEE's register and the raising of $25m is portentous, of commercial significance and heralds significant commercial developments in the months ahead

We can see the best is ahead and so can Fed-Hermes

From Safestocks -

''In the note Jha concluded: “We welcome the rationalisation of the Fleet business which has been a major distraction to the much larger opportunity in the Automotive sector, which saw the share price peak at 14p. Our investment case has been based almost entirely on the upside from the Automotive opportunity and continue to assume that the Fleet business has no value. Seeing Machines is in the pole position to capture at least half of the Driver Monitoring System (DMS) market with competition effectively limited to one other player (Smart Eye). With design wins with five OEMs and many more to come, we foresee a growing royalty revenue stream for many years to come.“

-

I have always believed the same as this analyst, that Fleet has minimal commercial value but does represent real utility to SEE. SEE's upside will come from Auto-DMS

I can't be arssed messing around with apps and crap so LSE and ADVFN for me

10 Nov 2020

General Motors on Monday announced a plan to hire 3,000 engineering, design and IT employees, as the US automaker seeks to accelerate the production of electric vehicles (EVs).

As GM (GM) intends to offer more remote opportunities than ever before through the development of electric vehicles and advanced platforms like the Ultium battery system, it is looking to hire electrical system engineers, as well as developers for Java, Android, iOS and other platforms. The company is expected to fill the posts from now through the first quarter of 2021.

The hiring spree comes as GM just announced an investment of over $20 billion for the development of electric and autonomous vehicles by 2025.

“As we evolve and grow our software expertise and services, it’s important that we continue to recruit and add diverse talent,” said GM President Mark Reuss. "This will clearly show that we’re committed to further developing the software we need to lead in EVs, enhance the customer experience and become a software expertise-driven workforce."

cont...

https://finance.yahoo.com/news/general-motors-embarks-hiring-spree-102241459.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAANu-JqF-0HCjyvRzWWvoH-yi5nCYtUHFFS9fSiPeBQ0DE6uOVi-rc-68MVexCUpRHY282mHJlSCqSHvDN3f8R36vQ4Ezd9j4DtSAmNRdXJ_AIp5_n0MpHYEh60u-4xn-jPbe2o0lWwK6uyspzBoI5FVL_hwA26uQ-kccZDwuKYoR

terry - I have no idea if this is SEE so we shall have to wait to see if anything transpires as these things have a habit of not revealing themselves, as it were

I wonder if by biometrics they mean 'Iris biometrics' rather than facial identification.

Who knows but the 'eyes have it' and that's good for a company like SEE that's been immersed in this stuff for what seems a lifetime. SEE is on the cusp and in the right place

'Several 2021 Cadillac models were reported earlier this year to include face biometrics as part of a driver monitoring system. The biometric unlocking system, however, has yet to be announced outside of China.'

https://www.biometricupdate.com/202011/cadillac-trademark-filing-could-signal-facial-recognition-in-north-american-cars

Cadillac Facial Recognition Feature Could Be In The Works For North America

9 Nov 2020

It appears as though a new Cadillac facial recognition feature is planned for release in North America sometime in the near future.

As first reported by GM Authority’s sister publication, Cadillac Society, General Motors filed a trademark for the name “Modus Biometric System” on August 31st, 2020. The trademark was filed with the United States Patent and Trademark Office (USPTO) under serial number 90148333, and applies to the Goods and Services category, specifically relating to “Adaptive electronic vehicle comfort systems sold as an integral part of a motor land vehicle.”

It’s believed that the new trademark filing is for an upcoming Cadillac facial recognition system set for release in the Americas.

cont.......

https://gmauthority.com/blog/2020/11/cadillac-facial-recognition-feature-could-be-in-the-works-for-north-america/

https://www.autoblog.com/2020/09/03/gm-honda-announce-alliance-share-technologies/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrL3VybD9zYT10JnJjdD1qJnE9JmVzcmM9cyZzb3VyY2U9d2ViJmNkPSZ2ZWQ9MmFoVUtFd2k1NThYUXlJRHRBaFVQWE1BS0hYR1NBNmNRRmpBRGVnUUlBaEFDJnVybD1odHRwcyUzQSUyRiUyRnd3dy5hdXRvYmxvZy5jb20lMkYyMDIwJTJGMDklMkYwMyUyRmdtLWhvbmRhLWFubm91bmNlLWFsbGlhbmNlLXNoYXJlLXRlY2hub2xvZ2llcyUyRiZ1c2c9QU92VmF3MWR1WE9paGZ0T2tlRTJlU2Rfa2FlZQ&guce_referrer_sig=AQAAAL2PTQXq0Db8Bm5fT6n3EbGDatNlN3fVU-t__UC2WMZ3NBK1wcKwRzLNJAtGC3oafEIIkPNSB7gCX6DL6KJr0j_3gbDAPxPbK4m4OaUw86KbnamSc6yDxU_kC9eXedr6NABZvAV4N58iQlXznGGPisUXECG9f6anZyw9aMNgxG9e

'Honda and GM are moving ever closer together. The two automotive goliaths signed a memorandum of understanding today toward establishing an alliance in North America. Earlier this year, it was announced that Honda would be borrowing GM’s EV technology to build two electric cars sold under the Honda name in the U.S. Today’s move looks like it has the potential to cement the two companies even closer.

As of now, the proposed alliance would have the two collaborating on electric powertrain tech, internal combustion engines, vehicle platforms, connected services (infotainment technology), purchasing and general R&D. Honda and GM would collaborate in certain vehicle segments, already expressing intentions to share common vehicle platforms.

By partnering like this, both Honda and GM intend to save money in development, make greater investments in next-generation technologies and leverage scale for purchasing, logistics and other facets of business. The announcement digs a little deeper into technology, too. Honda and GM intend to collaborate on electrical architecture systems, advanced driver assist systems, infotainment, connectivity and vehicle-to-everything communication.'

Nice to see GM and Federated Hermes involved here. SEE has arrived on the US investment scene

Well done fella

it's started...

Nov 12th 2020 at 11:30AM

'Beyond this, Rivian sprinkled some other details into the news drop. Of greatest interest is the “Rivian Driver+” system, which is Rivian’s name for its hands-off driver assistance system. Rivian says it can automatically steer and adjust speed, then change lanes on your command. It will be available to activate on “select highways at launch,” but Rivian doesn’t specify where. You’ll need to still pay full attention to the road, because an interior camera will be monitoring for driver alertness at all times. That’s similar to Cadillac’s Super Cruise driver monitoring tech, a huge plus over Tesla’s Autopilot that doesn’t monitor the driver via a camera system. Rivian’s Driver+ is powered by a total of two redundant computer systems, 12 ultrasonic sensors, 10 exterior cameras, 5 radars and a super precise GPS. The company promises updates and more functionality in time through over-the-air updates.'

https://www.autoblog.com/2020/11/12/rivian-r1t-r1s-configurator-launch-soon/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAABtln7k455QyvCElb0B_15Vj8wFZpaWlVCqkGPiUX5OpnzCW5BepHVkH9cKiN6vqtoaC4VtZT0hEa0zmeK-T4jg9qFbeO6VUJU7LXYxaeG7qzFuObTDUh-4HHmsaMfaVW_r4_HQ7JrNZZYduxePanyX0Ynbd_fW-D-FKwuwHIR0w

jazz - Sorry, I got the wrong end of the stick. I thought your comment was barbed but it seems not. Apologies for my rather brusque response. It is one of my many failings. Far too quick to judgement. It's the autism kicking in!

jazz -

I would not have posted those GM-Honda articles if it wasn't for the recent news from Honda about them being given approval for their new 'Super Cruise' capable vehicle. On that basis, it is relevant

Anyway, who gives a sh-t. It doesn't affect the price one way or another

I bet Valuestone have had a peek at the as yet unpublished assays

Yes, the usual appearance by Rudy Burger next week on M & A but we have BMW discussing

'BMW in-cabin monitoring proof-of-concept with Melexis time-of-flight technology

Sophisticated active safety systems in autonomous vehicles, for example, require awareness of the vehicle interior. The driver's body and head pose and the number of occupants are among the most useful information that is indispensable for active safety, HMI, and comfort systems. In this presentation, Melexis will discuss the various system configurations and the advantages of time-of-flight technology. BMW, lead partner in an interior sensing proof-of-concept, will then describe a concrete in-vehicle demonstrator and relevant use cases. '

https://auto-sens.com/agenda-in-detroit/?fu=detroit

A great article on Qualcomm showing its dominance

https://www.forbes.com/sites/moorinsights/2020/01/06/qualcomm-officially-enters-self-driving-market-with-snapdragon-ride-platform-and-extends-partnership-with-gm-to-include-adas/

''joint purchasing and collaborations on R&D for advanced driver assist systems, infotainment, and connectivity.''

read that again and note that term ''joint purchasing''....lovely jubbly...GM-Honda purchasing as one entity so yes, SEE is selling DMS to GM-Honda...