Member Info for Seeing-2020

Nice find Chris 100.

Seems pretty clear cut to me

"The electric Hondas will be available with GM's OnStar and Super Cruise technologies, the automaker said.

I wonder who Colin is referring too?

https://www.eetimes.com/robocar-bill-stays-stalled-but-dms-climbs-hill/

EE Times is one of the few trade publications talking seriously about driver monitoring systems, so perhaps Senators Edward Markey and Richard Blumenthal were thinking of our coverage when they also introduced their package of bills this week designed to improve automotive and traffic safety across the U.S.

In particular the Stay Aware for Everyone (SAFE) Act: “tackles the threat of distracted driving; a problem that is only increasing with the proliferation of ‘driver assistance’ technologies that can encourage complacency if misused on the road. The SAFE Act will specifically require the DOT to study how driver-monitoring systems can prevent driver distraction, driver disengagement, automation complacency, and the foreseeable misuse of advanced driver-assist systems, as well as require a rulemaking to mandate the installation of driver-monitoring systems based on the results of this study.”

DMS is now in vogue and AV suddenly has a great future behind it. Did you see that coming? I did, so allow me to offer the benefit of my experience: The company making the most progress is always the one making the least noise. This is why I don’t care about announcements from Waymo, Nvidia and Tesla. My attention is on Argo AI, Xilinx and BMW.

With a regulatory tailwind now in the United States, DMS technology is suddenly about to get a lot more attention. In my opinion the key DMS suppliers to monitor are Eyesight AI, Jungo Connectivity, Seeing Machines, Smart Eye and Xperi. One of these companies is almost certainly destined for a future as “the Mobileye of interior vision.” But you will have to decide who for yourself. I’m an analyst not a fortune teller.

JC, Denso launched this a few years back, haven't seen anything on it since, I wondered if they have decided to move to the world leader.

https://www.sae.org/news/2018/07/denso-cv-driver-monitor

As promised in the recent newsletter, the financial calendar has been updated , good practice imo so no guesswork we know the dates

Financial Calendar
FY2020Year End Trading Update 5 August 2020

2020 Financial Results and Directors Report 30 October

2020 Annual General Meeting 30 November 2020

DX, interesting post. I note you are a holder since pre IPO is your surname Edwards ?

10 April 2019

Seeing Machines Limited

Design win for next generation automotive program

 

Seeing Machines (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety, has been appointed by Joyson Safety Systems (JSS) to provide its FOVIO driver monitoring technology for a US automotive OEM as it expands the rollout of their award-winning driving system across a number of additional vehicle models.

Mass production for the additional models is scheduled from 2020, and the expansion represents an initial estimated lifetime revenue of over A$7 million for Seeing Machines

Great spot, clearly our camera

https://ntsb.gov/news/press-releases/Pages/NR20200630.aspx

Investigators determined the driver of the commercial truck failed to slow down because he was likely fatigued due to an untreated sleep disorder related to obstructive sleep apnea (OSA).  The NTSB said the lack of a robust medical certification evaluation process to identify and screen commercial drivers at high risk for OSA contributed to the crash.

Hints?

"These systems include Cadillac's Super Cruise, which launched on the 2018 CT6 sedan and will expand to 22 more General Motors vehicles in the next three years. This month, Ford said it would bring a rival hands-free system called Active Drive Assist to the market, starting with the new Mustang Mach-E. Others developing driver monitoring include Veoneer, Australian supplier Seeing Machines and Israeli startups such as EyeSight Technologies and ADAM CogTec."

https://webcache.googleusercontent.com/search?q=cache:1ple9LOyYEgJ:https://www.autonews.com/technology/driver-monitoring-systems-get-more-sophisticated+&cd=1&hl=en&ct=clnk&gl=uk

Industrial jump-start

Though deciphering the state of everyday motorists is a relatively new concept for the automotive sector, driver monitoring has been standard practice in certain corners for more than a decade.

Seeing Machines, an Australian company that utilizes computer vision systems to observe driver attention, has been using cameras to watch operators of specialized mining equipment for 15 years.

"We got our start on these very large earth-moving trucks that are three stories tall," said Nick DiFiore, senior vehicle president and general manager of the company's automotive practice. "They run long shifts, and you can imagine the damage that can be done with a mistake."

So Seeing Machines outfitted vehicles with early operator-monitoring systems, providing a shake of the seat for any driver showing signs of fatigue. Further, the company would send an alert to a designated manager who could ensure the driver took a break.

The company had been working with automakers and gained further traction in the industry in November 2017, when NTSB investigators concluded Tesla's steering-wheel torque measuring was not a sufficient way to determine driver engagement. The agency recommended all manufacturers developing Level 2 automated systems should "develop applications to more effectively sense the driver's level of engagement and alert the driver when engagement is lacking."

"We started getting calls almost immediately after that report came out," DiFiore said. "It was a turning point."

He said Seeing Machines now works with six automakers on projects in various stages of development.

The same Geely who never got to Sop with SEYE and own Volvo, every cloud

Nick is a clever chap as TLS has said he will have ensured the NRE was front ended due to the risk of dealing with a startup.

Its small change compared to the upside on Ford

Terry, doesnt that sound like the description of the Ford system

Alex Roy is very funny, when talking about the X6 he says

"I dont think its Sering Machines, it's the other one, what are they called, something Eye "

Decent Webinar and Q&A with the CEO of our New Zealand distributor

https://www.sparkdigital.co.nz/solutions/iot/webinar/charles-dawson/

JC, I guess the problem in the past has been IP, ie how can they protect the IP when licensing Guardian.

Dr Mike has a big brain I'm sure he can work it out

JC, I have been considering what they do with Fleet going forward, they can license the Aviation product , license auto and receive royalties, fleet they try to arrange manufacture logistics etc.

I am sure they have many options
- license Gaurdian to a truck OEM and have it built into new trucks
- license to a large telematics company (Lytx control the US market with a huge installed base).

Thanks JC, very interesting

Interesting comments from Daimler trucks

https://www.fleetowner.com/safety/article/21135141/the-future-of-truck-safety-systems

"Schaefer expects camera technology to advance to the point where driver-facing cameras will be integrated into the safety systems, in addition to surrounded view cameras and backup cameras integrated into commercial vehicle safety systems as well."

Buffet,Paul was thought of that and already announced a upfront cash deal on 1st April.

Seeing Machines will receive a non-refundable pre-production license fee of US$5 million before 30 June 2020, in addition to future volume based royalty payments for the above mentioned Automotive program. The Company will retain all intellectual property rights associated with its DMS technology licensed to the counterparty under the Agreement.

 

Paul McGlone, CEO of Seeing Machinescommented: "We have been working on a range of opportunities to license our DMS technology across each transport sector and are delighted that the first to be completed is in our Automotive business with a key Tier 1 partner.

 

This approach to doing business is key to long-term sustainability and appropriate management of our balance sheet especially in businesses where revenue tends to be longtail in nature."