Member Info for Seeing-2020

From the launch video scrip at around 12:25

"In some markets, it’s even possible to watch TV. On one side, the passenger can watch videos while traveling using the Bluetooth headphones, while on the other side, the intelligent camera-based locking concept prevents the driver from looking at the passenger display to avoid distraction."

This launches today, 1pm UK time

https://www.motor1.com/news/464573/mercedes-eqs-wide-screen-teaser-video/

Colin B on linkedin, the man talks sense in my humble opinion

"This is what I don't get. If Teledyne has acquired Flir Systems (a thermal imaging sensor company) for $8 billion, why are the driver monitoring companies worth so much less? Euro NCAP isn't testing for thermal imaging, and the EU updated GSR doesn't specify the technology either. This is true for lidar too, but Luminar has a market cap of $7 billon and Velodyne about $4 billion.

Automakers are pulling back from the costs and liability risks of "self-driving", so why is one sensor modality worth so much less than the others? I will never understand financial markets."

Well thats number 2 on the list down already, only another 20 to go.

In order of likelihood (IMO,)
1) Trading update for 6 months to 31st Dec 2020
2) Semiconductor company license deal (MOU announced Sept)
3) L3 harris license deal (MOU Oct)
4) Ford mach e and F150 confirmation RNS
5) Merc S Class confirmation RNS
6) Supercruise expansion RNS
7) Ford expansion RNS
8) Qualcomm RNS with $$
9) 2nd Semiconductor MOU RNS
10) CAE license deal MOU
11) Design Win for European OEM (Audi rumour)
12) Design win with major Japanese OEM (rumour Honda)
13) Aviation win with plane manufacturer
14) Volvo design win
15) JLR design win
16) Geely design win
17) Texas Instruments license deal
18) CAE license deal
19) year end trading update
20) Toyota Design win
21) Numerous TR1 for US II

So thats my 21 for 21

Great note, details on financials $10-20m USD so A$16-32m investment by Omni, I had a range starting at $5m, so way better than my assumption. Royalty of $8-10USD, again better than I assumed.

https://www.seeingmachines.com/investors/analyst-research/

Well done Paul and Team, who knew a Mc delivery would stay hot and taste so good.

#McDelivery

Extract:
The conclusion of the OmniVision license is highly positive news as it confirms the strong business case seen by OmniVision to invest in the development of an ASIC that is based on the Seeing Machines DMS accelerated by the Occula®
neural processing unit. With the development costs of an ASIC for this likely to be around $10-20m, the development time around a year, and an expectation for and OmniVision to price its silicon competitively (we expect Seeing Machines to be
targeting the same per vehicle software royalty of US$8-10/vehicle), we can conclude that OmniVision needs to sell multiple millions of units just to payback its investment. Furthermore, an attractive business case over say a 5-10 year lifetime is likely to be built on an expectation for millions of units per annum. This in turn helps
support the vehicle unit assumptions in our DCF model and valuation. We reiterate
our Buy and 8.6p target price."

Well done to Paul and the team for getting the deal done, maybe they need to keep $$ confidential if more license deals are coming.

I expect we get a Cenkos note later which may give some more details.

#McDelivery

Jimmy, Foxconn annual revenue is about $180bn, so if they are looking to diversify it will take a bit more than Byton.

For me Byton has gone from a bit of NRE to something that might be interesting.

Thats a good find Mirabeau.

2014 Royal Buek £2.20 market cap
2021 Apple - 2.2Trillion market cap

So

1) Colin does another great article = wild speculation

2) Liked on linkedin by SM top brass = they clicked like in error

3) Posted by Veonner on social media ???

https://www.linkedin.com/posts/veoneer_eetimes-why-apple-icar-wont-be-self-driving-activity-6751890667787624449-Jif5

Sandy, indeed, I had to Google Apple I had never heard of them, they seem a decent company

Happy New year is right Colin, and prosperous.

"In the next column I will share my thoughts on why I believe Apple will have gone “Down Under” for the driver monitoring system in the iCar and is likely to already be working with the clear technology leader, Seeing Machines. Until then, may I wish you a very happy and prosperous new year."

Esc, thanks and as you know 2 years is the approx leadtime for DMS, so 2 years away is about now for a design win.

Modest, I don't know tbh. I did notice yesterday that Paul Mc and board member Michael Brown liked a linkedin post by Henrik Fisker so watch this space

Modest, can't open that link

Can you post the text or tell us the car?

https://electriccarnews.com/2021/01/01/the-ford-mustang-mach-e-electric-car-news-car-of-the-year-2020/

Urban thank you for repeating some negative news from before Paul was CEO, repeating news from over 2 years ago is great for balance apparently.

As for the "Aviation deal" that is Paul's and is great news, the only RNS I recall on this was a few months ago, happy to wait a bit longer as deals with global giants take time.

21st Oct 2020 RNS
"A license arrangement, currently in advanced discussions between the parties, will be subject to the negotiation and execution of definitive, binding licensing and other legal agreements. Further announcements regarding the progress of the negotiations in relation to such binding documentation will be made, as appropriate"

Seeing Machines
@seeingmachines
28 Dec 2020
“A goal without a plan is just a wish.” Make a new plan for #2021 for that wish."

I wished and hoped for 100p in 2020, on reflection on 1st Jan 2020 it was a wish and a hope but not an expectation.

Paul Mc is on my New Year's honours list, he has steered the ship through the troubled waters of 2020 with Covid changing the landscape for every business, he made the decisions that needed to be made and has set up some tantalising deals for 2021.

So I enter 2021 being wrong by 93.1p in my price prediction for 2020, so lots of ground to make up, I have a list of expected news some of which are recycled from 2018, or 2019, but some new ones that I hadn't even dreamed about a few years back, I admit I didn't know much about Qualcomm, I didnt foresee the licensing opportunity with Global semiconductor companies, I didn't spot the 3 pillars happening. So Paul has managed the balance between the tactical focus on profit and cash and driving the strategic direction. I doff my Seeing Machines cap to him.

In order of likelihood (IMO,)
1) Trading update for 6 months to 31st Dec 2020
2) Semiconductor company license deal (MOU announced Sept)
3) L3 harris license deal (MOU Oct)
4) Ford mach e and F150 confirmation RNS
5) Merc S Class confirmation RNS
6) Supercruise expansion RNS
7) Ford expansion RNS
8) Qualcomm RNS with $$
9) 2nd Semiconductor MOU RNS
10) CAE license deal MOU
11) Design Win for European OEM (Audi rumour)
12) Design win with major Japanese OEM (rumour Honda)
13) Aviation win with plane manufacturer
14) Volvo design win
15) JLR design win
16) Geely design win
17) Texas Instruments license deal
18) CAE license deal
19) year end trading update
20) Toyota Design win
21) Numerous TR1 for US II

So thats my 21 for 21

Happy New Year, apparently its the Chinese year of the £1, if that's not a sign what it

Fighting talk from Sophie

https://twitter.com/Nicoll2Sophie/status/1344535693448495104?s=09

Sophie Nicoll
@Nicoll2Sophie
34m
DMS is complicated and this is a great explanation showing how integral it is to ADAS, and crucial for #safety.
@seeingmachines
knows the automotive challenge and is ready to address it. #drivermonitoring

Mobileye in 2014 had an IPO at $5bn

Thats pretty much 100p for us, are we 7 years behind mobileye

You can all buy me a pint when I am right, unless of course you all sell out at 17-25p and can't afford a pint by Dec 21