We would love to hear your thoughts about our site and services, please take our survey here.
GM chap explains supercruise from 13 mins
https://www.linkedin.com/posts/activity-7075515013620228096-m8Y2?utm_source=share&utm_medium=member_android
brock, welcome to the bright side.
colin barnden posted this on linkedin 2 weeks ago
https://www.linkedin.com/posts/colin-barnden-1081376_idrive-mini-countryman-activity-7067788777322074112-zfei?utm_source=share&utm_medium=member_desktop
more details from bmwblog on the latest timing of updates to bmw group #idrive 8.5:
- bmw 7 series, ix, and i4 models built after july 2023.
- bmw x5, x6, x7, xm, x5 m, and x6 m models built after august 2023.
- new bmw m models will get idrive 8.5, but without the new graphical interface.
- all bmw 7 series (after 07/22), ix (after 03/23), and bmw x5, x6, x5 m and x6 m (after 04/23) are eligible for over the air upgrades to the newest idrive.
writes bmwblog: "soon, many bmw products will launch with idrive 9 but, oddly enough, it won’t start with bmw. instead, the upcoming #mini #countryman is going to be the first car to use idrive 9 and then the bmw x2 (they share the same chassis). following that, the mini cooper hardtop and bmw x1 will update to idrive 9 and then all subsequent new bmws will get it, too."
research suggests idrive now uses a qualcomm third-generation #****pit #applications #processor, continental ****pit domain controller, hd screens from garmin, and driver monitoring from seeing machines.
bmw looks positioned to become the first #automaker to install #driver #monitoring #systems #dms into its entire global portfolio, probably reaching that milestone sometime in 2024. it is to be applauded for the decision to take mitigation of driver #distraction and #drowsiness so seriously. other automakers take note.
bmw is also believed to be the first #oem to enter production using qualcomm's third-generation ****pit applications processor. as the below slide shows, qualcomm will dominate the next generation of car ****pits, with almost all major automakers signed up to use the platform.
the platform enables automakers to pursue all kinds of innovative new products and services, many powered by google. this led to a flood of news stories in april with general motors announcing that it is to drop apple #carplay from its newest range of #evs.
irrespective of the reaction, the trend in the #automotive industry is for applications processors embedded in the vehicle to replace #smartphone applications processors mirrored onto vehicle displays.
availability of semicast's report "#adas & #automotive vision-based #driver #monitoring #systems #dms" is limited to 30 companies. dm me for further details.
Every BMW coming off the production line now has SM tech on board via the Idrive system
One, welcome
I wouldn't expect new business directly from the show, more about thought leadership
Any questions about SM please ask, generally a decent bunch on here and some very knowledgeable
Good post by Majorem, makes a lot of sense.
As Phil says, the quarterly KPI's along with changing our reporting currently to USD suggest a direction of travel. I would also say its 12-18 months away, perhaps off the back of the FY24 results.
Will a bid come before then, anyones guess
Esc, level 2 is hands eg Supercruise , Bluecruise
4.5m shares is a substantial holding for our chair
colin barnden via linkedin
the significance of the #aviation agreement between seeing machines and collins aerospace isn't easy to grasp. let's review it from a #business and #technology perspective. from a business point of view, it shows seeing machines has again used the amazon model of turning a cost center into a profit center.
guardian (fleet) is a profitable business unit, which also serves as the r&d platform to capture raw real-world video to train the #ai #algorithms for #distraction, #drowsiness and #impairment. these algorithms are then shared back across the 3 business units (aviation, fleet and automotive).
now it is the aviation division which will act as the technology and #innovation engine within the company, pushing the boundaries of what is possible with head, face and #eyetracking. collins will pay us$10 million, and fund non-recurring engineering payments to develop the solutions, evolving into royalty payments as shipsets are released to customers.
so the key point: a licensing agreement has turned the r&d cost center for aviation into a profit center, and funded the next technology and innovation engine for the company.
that is why management persisted with the apparent black hole of the aviation sector, where "imminent" means four years, short term means decades, but ip moats are wider than the atlantic.
without boring the reader, the #safety standards and certification processes for aviation (do-178 and #sil) are vastly more demanding than for #automotive (iso-26262 and #asil). so the consequence for the automotive industry is that seeing machines is now developing aviation-grade technology and innovation that no other #dms supplier has the partnerships or funding to match.
the innovation will mostly filter down into automotive applications, not least of which will be the combination of eye tracking with head-up displays #hud to power the immersive user experiences #iux of the ****pit of the future. bmw group is far in the lead here, and is partnered with seeing machines.
#automakers are rapidly segmenting into those that view #driver #monitoring as #ncap and #gsr minimum, versus those that are pushing the boundaries of technology, innovation and #humanfactors research to bring new features and services into the #digital #****pit to drive future subscription based business models.
as doug field observed yesterday at the ford motor company capital markets day: "speed is our best defense." tier one suppliers that want to define the ****pit of the future are advised to focus on identifying and creating features to support subscription based business models using advanced eye tracking algorithms.
My take is
1) the RFQ Paul mentioned is for new planes, we win a design win with a value and similar to auto work with Collins and the client for a few years before the real cash starts to flow.
Thats fine a large design win gives the market an idea of the opportunity
2) Gen1 product, he mentions aftermarket, so this sounds more like a Guardian type product for existing aircraft, nearer term. Probably using Guardian gen3
"BlueCruise hands-free Level 2 driver assist tech coming to 500,000 vehicles in 2024. L3 ADAS coming to next-gen Ford EVs."
Https://twitter.com/mrlevine/status/1660633081592815616?t=K2kP7lBfGQ8EZS-P7QO1dg&s=19
Https://www.safestocks.co.uk/
I have a sneaking suspicion that the 333-plane deal mentioned in the infamous ‘Italian Job’ video will materialise fairly soon. My guess is that some analysts are keeping their powder dry for that announcement. In the meantime, I can imagine paper-thin ‘Chinese walls’ mean some salespeople are telling their very special institutional clients to: “Buy, buy, buy”.
Https://www.proactiveinvestors.com/companies/news/1015278/seeing-machines-a-bullish-tech-play-following-raytheon-partnership-1015278.html
Shore Cap has increased forward revenue guidance by up to 6%, with analysts noting that the tie-up with the “mega tier-one avionics supplier” will likely result in significant royalties that will outpace royalties in the automotive sector.
Phil, i don't see this as the same as CAT.
CAT
- Mining was by far our largest revenue stream back then
- we needed the cash as you point out
Collins
- Aviation revenue is tiny at this point
- we don't need the cash
- hence, I suspect the deal is more weighted towards the royalties than upfront, but $10m (A$15m) for a division with pretty much no revenue is very material
Deals like this take a long time, Paul and Pat would have been dealing with big hitters who may have felt the could bully the little guy, once again Paul has proved to be a great dealmaker.
Let's also remember this is all upside we have nothing in our forecasts by any broker for an Aviation deal, it should be an immediate upgrade.
Also, I fully expect at some point soon enough Paul will do the biggest deal and sell the company, this makes that much easier as it now 'cleaner' for any buyer.
The numbers of the deal will be material
- $10m (A$15m) license fee
- NRE
- royalties
Well done and worth the wait.
In a truck also
SM integrated into the Magna Mirror is a 'standalone' product, as deadlines approach for NCAP and GSR the more we see delays the more likely the Magna Mirror will take the lions share.
We have worked alongside Mbly on a number of our OEM wins, GM Supercruise was mbly as an example.
More importantly we have won VAG already via Magna Mirror, so they are well aware of our qualities.
Porsche might get the headlines but the volume is in the Golf and ID range of models.
My view is
- The large SoP is VW
however,
I also suspect we will have a large(r) RFQ win for VW, you don't cover a high % of VAG for A$125m.
VAG is the gift that keeps giving
Https://spacconsultants.com/israeli-co-autotalks-nears-2b-valuation-spac-merger/