This is from our trading update, should be no confusion this is revenue to SM, we have multiple Tier ones bidding but the revenue to us is A$900m
"Our progress over the past financial year has been really pleasing, and the signs are there for increased opportunity as FY2022 gets underway. The Automotive RFQs from Europe, North America and Japan currently represent total revenue potential of over A$900m, signalling a step change in the value of our automotive pipeline. In addition, we have increased the number of relationships with key Tier 1 customers to 16, enabling us to bid each opportunity with several parties."
The new digital ****pit platforms will target start of production (SOP) in 2022. The broad automotive ecosystem can evaluate, demonstrate and develop solutions with the 4th Generation Qualcomm® Snapdragon™ Automotive Development Platform (ADP), which is expected to be available in the second quarter of 2021 (Q2’21).
27th Jan 2021 RNS, it should be noted our business plan update to include QC hasn't been released yet
"Our path to integration with Qualcomm Technologies' Snapdragon Automotive Platforms has been designed to leverage our unique systems knowledge and safety focus in a way that supports complete flexibility for Tier-1s and OEM customers as safety and convenience features become more expansive and complex across high volume and diverse vehicle platforms. We expect this engagement to deliver significant incremental volume on top of our existing business plan."
By the way, I’m still of the opinion that Seeing Machines is very likely to receive a bid from Qualcomm very, very soon. Indeed, one fund manager recently rang me to ask about a rumour he’d heard coming out of the US, regarding a possible takeover of Seeing Machines. He didn’t mention who it was or his source but, if I was Qualcomm, I’d get the ringer on Seeing Machines finger fast.
CES might be the perfect opportunity to announce the betrothal to the world. (I also believe SmartEye will also get bought in due course).
My logic? I just can’t imagine that Qualcomm can risk SEE’s tech falling to anyone else, given its importance to its auto stack offering. Look at how it outmaneuvered Magna to get its hands on Arriver. Certainly, Apple or Alphabet have the potential to outmuscle Qualcomm, as they must also know its potential worth. Therefore, I believe a lot of wooing is going on behind closed doors.
By the way, has anyone dared tell Elon Musk that buying Seeing Machines might get Missy Cummings off his back?
My advice to Seeing Machines: “Don’t sign any pre-nup until you’ve seen the size of their respective wallets. You’re worth at least £10 billion!”
"I believe Qualcomm is set to unveil a host of auto RFQ wins before Christmas, with Seeing Machines DMS/OMS in them. And yes, I’m convinced SEE has won Toyota and VW — I just can’t prove it. Certainly, I don’t hear SmartEye mentioning either company.
Regarding fleet, I believe the global Shell deal is set to be huge. I’ve heard whispers that it could be a caterpillar-style deal, with upfront revenues that will bring forward break-even. Though, with Shell in a quiet period, I can’t confirm.
Moreover, See’s fleet arm is making money, while SmartEye’s nascent fleet offering is still pre-revenue! "
Near term contracts SEYE aren't a force, who is?22 Oct 2021 09:03
Sometimes its what people don't say they as important as what they do say
My reading of this is they have lost the current RFQ, so describe them as "smaller" and make the focus about ones to come. We will see the size when SM announce them as A$100m is smaller than A$150m, but not "small"
"Three of the largest procurements of DMS to date are due for sourcing in coming quarters. Smart Eye is a force to be reckoned with in all three. There are also several smaller procurements soon to be decided in the near term"
Fleet is a hard business to crack, Paul Mc sorted it, made it profitable and is now landing big boys like Shell. Denso tried to launch a Fleet product years ago and got no traction. SEYE launched a Fleet product last year, but its hard to grow a Fleet business. Meanwhile we continue to gather real-time data on a daily basis and our lead grows and grows.
The current score SM = 7.943bn KM (SM website) SEYE = Zero (extract below from their results) "While selling software to the world’s largest car OEMs is our main task, we also have the business unit AIS, developing an offering for the aftermarket and small OEMs. The system consists of hardware and software bundled together. We are still pre-revenue in that deliveries have not yet started, except that a handful customers have tested early production samples. We are making ourselves ready to start production ramp-up and deliveries for early next year"
Colin Barnden / Semicast Research @semicast_res Takata ending gives clues to
enforcement. Also FAA grounded 737-Max fleet when flaws in MCAS were exposed; FDA pursued Theranos. Tesla ignored repeated @NTSB recs for ODD/DMS. There’s no way back from that. Forcibly add those to AP/FSD just = Super Cruise & BlueCruise.
What Missy Cummings’ nomination brings to NHTSA is the technical expertise the agency was said to lack for many years. The researcher knows quite a bit about autonomous tech to dispute bold allegations about safety that end up making cars more dangerous in traffic.