Member Info for Seeing-2020

$18bn in revenue, I didn't realise how big they are

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.

There is always an order to things, the global mammoth releases news first

https://www.l3harris.com/newsroom/press-release/2020/09/l3harris-technologies-announce-third-quarter-results-friday-october

F150 appears a few times on this

https://www.whatcar.com/news/best-selling-cars-around-the-world/n19452

MrBB, I. thought about them but are they an II or a Venture Capitalist / PE firm?

RNS seems clear its an II "well known US institutional investor"

Klick, a bit more detail to come yet when we get the holding announcement and know who our new investor

I have spent the morning researching "Well known US tech investors" its a short shortlist.

Johnny, it was easy to get to 28, just shows how much is going on here.

Paul has a plan, I can't wait to see how it pans out over the next weeks and months, I have read this linkedin post multiple times

Great post on linkedin by Paul Mcglone , Seeing Machines CEO

"In a recent post I referred to the the tectonic plates, the big movers in the auto tech arena setting up for the battle. We are convinced at #seeingmachines that high performance #dms and the bedrock of best in class eye tracking is central to this theme. Software convergence inside and outside the cabin, connectivity and optimum human interface and experience is key. That’s why we lead with our systems approach. Human Factors excellence, real world naturalistic data, world leading imbedding and optical path design, augmenting AI and machine learning. We believe this combination is unique. Follow us closely as the big game unfolds in the transport world. We are here to save lives. Everyone deserves to get home safely. #innovation #purpose #different #teamwork"

https://www.linkedin.com/posts/paulamcglone_seeingmachines-dms-innovation-activity-6716309711022628864-ALV_

Since June 2018 when the A$50m+ RNS was announced we have speculated about the Ford F150, but thats all it was speculation.

We know we are the DMS supplier for Veoneer and yesterday they confirmed they have won Ford F150 (slide 5 of the presentation)

https://www.veoneer.com/en/investors

This is very big news for us, the F150 would be a top 20 OEM on its own, its the best selling vehicle in the US for the last 40 years.

Lewbo, I think you are correct, this is about opening up the US investor market.

Someone wanted 10%, which is a great endorsement, who ever they are they will have done lots of due diligence.

Can't wait for the TR1

JC, great stuff as ever. What a mixed bag this board is

Anyone spot the one thats predicting the future ?

A buy signal is when you have a troll 24/7

Paul McGlone, CEO of Seeing Machines, comment: "This strategic placement is the first success in our strategy to attract new US-based support for the company and I believe this transaction will generate additional significant on market interest from more US-based growth-focused technology investors.

 

"This support represents fresh validation of our strategy and that the business is truly at an inflection point underpinned by Seeing Machines' world-leading technology and people. We are delighted that this placement, together with our other initiatives and business opportunies is expected to fully fund our current business plan."

I will await the TR1

No point replying to me Smokey2, you are just a green blob

28 reasons to buy
1) We are in the 2nd best selling vehicle in the world, the F150. (Veoneer slides yesterday)
2) MOU with global semiconductor co for license deal (8th Sept RNS)
3) The Lewbo chart (find it on Lewbo twitter feed)
4) Major investor has circa 18% and a seat on the board
5) - 7) the three pillars
8) MOU for license deal with L3harris
9) Agreement with Qualcomm snapdragon
10) In the 2021 Mercedes S Class
11) A$200m+ pipeline of Auto design wins
12) The Xilinx 3
13) Dr Mike
14) JC and TLS are invested and they know their sh*t about patents
15) Andrew Hoare tips us in his AIM ten baggers, dated 23rd Oct 2020
16) Emirates presented our tech this week
17) Presentation with Alaska Airlines
18) Euro NCap
19) General Safety Regulations
20) Colin Barnden describes us as the next ARM holdings and he should know
21) Cash control, FY20 was 22% better than forecast
22) Freshlinc
23) GM supercruise
24) BMW snatch from SEYE
25) Growing Guardian installed base
26) Bison Transport
27) We won Toyota (just checking if anyone read this far)
28) A$28m investment by "well known" US tech investor

https://www.ii.co.uk/analysis-commentary/finding-10-bagger-shares-aim-ii513923

Seeing Machines (LSE:SEE) has been on AIM even longer. Driver monitoring systems (DMS) have been fully developed and regulatory factors will boost demand for the technology. There is legislation in the US and Europe that will make these systems compulsory in cars and trucks. There are already deals with OEMs that supply car manufacturers. There is cash in the bank to cover ongoing losses as contracts build up. 

Chris and Robbie, Sensible posts.

There are placings and there are placings, anyone predicting a placing was predicting a "bad" placing, a dash for cash at a heavy discount, we all have the scars.

Not this time, cash is fine and well managed, trading RNS on 3rd Aug cash was 18% ahead of forecast. Paul has made the tough decisions, paycuts and redundancies, never easy but needed. He has said for a while he wanted to strengthen the investor base with a focus on the US, who could blame him, just read this board on the day of the L3harris MOU and there were more posts abour Viktor than L3harris.

So today is good news, why not improve the cash further, the dilution is a few pence per $1bn when we eventually have a takeover, no one will moan when it happens. The best bit will come next week when we know who it is, I'm excited to know.

Then we have a couple of MOU to close and VW and Toyota have yet to show their hand, also I listened to the Veoneer Q&A this evening it was all about Qualcomm which seems a huge opportunity for Veoneer and us, oh and they went public on the F150 .

No bad news here, the green blobs stopped when they realised mid morning.....

Nice write up, hard to argue with it as a start

Mr Menon has received plenty of praise on here when he has been right over the years, but he would show a little more class if he let others do the praising.

As my mother would say "self praise is no praise"

Therein ends todays lesson in integrity