Member Info for Seeing-2020

Phil, they "liked" BMW also and SEE how that ended with Dr Mike on the stage in Vegas.

2021 is too soon for us, even if it's for a chip it would be 2022, my guess we are in an RFQ for 2023 production with Hyundai

#Team300

Lol, one company is not statistically relevant unless you only have a hand full of clients

Have a look at the report I posted the other evening if you want to read about progress

#Team300

https://www.fleetowner.com/equipment/article/21123521/inwardfacing-cameras-safety-net-or-big-brother-trap

"As for the pushback against cameras in America, as well as Australia, from drivers, he called it simply “a normal human reaction to change.”

With data such as an 80% drop in distracted and fatigue events, reported by a European refridgerated carrier, the argument against this tech in the truck becomes more difficult.

And the change in opinions has picked up too much momentum to stop.

“We certainly have an inflection point where I think we're going to see the coalition of regulations, industry bodies, and fleet owners come together to deliver on this commitment to reduce fatigue and distraction,” McGlone said.

#Team300

Even Martyn doesn't seem confident anymore, blaming the Virus is weak imo.

Colin said 5% of the market for SEYE, I trust his opinion

Makes me think of my favourite board game

#Team300

Exactly Red, and before one of the derampers suggest they did write the report, well we know that's not the case as it includes pricing info which SM would never disclose

"Q19. What resources and costs are involved in monitoring and reviewing the data?

The two installation options described by operators were either leasing or purchasing the technology.

For operators who leased the technology, the cost was approximately $100/month per truck for both the technology and monitoring.

For other operators, who purchased the systems
outright, the first year was described as being “quite expensive” due to the installation costs, but that there were limited ongoing monitoring and maintenance costs. One operator indicated that the initial set up cost was approximately $2500 per truck, with ongoing maintenance and monitoring costing approximately $40/month. Another operator indicated that the upfront cost was approximately “$1240 for the hardware and installation”, with ongoing costs of $89/month per device
"

#Team314

A search on Mobileye in the same report and they show up once, that's in the table of technology tested, in other words they get no other mentions.

Looks like we have more regulation helping

Recommendations Summary
Recommendation 1
That the National Heavy Vehicle Regulator (NHVR) and the industry identify initiatives on a
collaborative and timely basis that will encourage road freight and passenger operators to invest
where appropriate in Fatigue and Distraction Detection Device Technology (FDDT) as an integral
element of their fatigue risk management system in delivering better road safety outcomes. This
should include:
a. Seeking urgent amendments to the Heavy Vehicle National Law (HVNL) to recognise and
support the use of fatigue and distraction detection device technology to provide for greater
flexibility and safety in hours of work management.
b. Pursuing ongoing work to further enhance guidance material for using this technology
including trialling and improving the draft “How to” Manual developed in stage two of the
NHVR Fatigue Trial.
c. Establishing an industry working group to assist the NHVR identify “best options” to
encourage use of this technology including progressing the other recommendations in this
Report in particular those regarding data availability to enhance the empirical evidence in
pursuing better safety outcomes in the industry.

#Team314

What better endorsement than drivers singing the praises of our tech

"One manager said “here's a lot of things
you can't learn in a book, you've got to learn it on the job”. In support of this, a former driver said “I
used Seeing Machines when I was a driver at another company and thought it was great, it would
beep as a warning to focus and then the seat would go off, it wasn't used as a punishment, I sat
down and watched the footage, I didn't realise how you reacted at times, it opened my eyes (literally) to what had happened”.

#Team314

This report is very good, firstly this link

https://m.bigrigs.com.au/news/nhvr-puts-focus-on-fatigue-detection-technology-re/3946764/

Which highlights this trial

https://www.nhvr.gov.au/safety-accreditation-compliance/fatigue-management/fatigue-monitoring-trial

You need to click and download "phase 2"

Then search for Seeing Machines, we get 15 mentions including this one

"What system(s) was/were selected, and why?

The FDDT system that was in use with the overwhelming majority of operators was the Seeing
Machines Guardian technology. This was for several key reasons.

The first was that this technology
appears to have a reputation as somewhat of an “industry standard”. Managers indicated that they
were aware that other Australian transport companies had this technology in use, and were
therefore more likely to also implement it (industry standard). Other operators indicated that this
technology had been selected based on the combination of front- and driver-facing cameras, in
addition to the provision of real-time alerts. These real time alerts were described as a “safety net”
by several interviewees."

#Team314

Be a good week for Volvo to announce they are taking some real action on DMS

https://www.volvogroup.com/en-en/about-us/traffic-safety/road-safety-conference.html?sc_cid=soco-2875457158

"Every year, 1.35 million deaths occur on the world’s roads according to the World Health Organization (WHO). This makes road crashes the eighth leading cause of death. The goal for the UN is set to halve the number of deaths and injuries resulting from road traffic accidents between 2010 and 2020. To reduce the fatality rate, more investments in road safety are required.

In 2020, the third global high-level conference on road safety will be held in Stockholm, Sweden. It will mark the conclusion of the UN Decade of Action for Road Safety and set a global agenda for the next decade."

#Team314

I have had an Investment Panel meeting with

- Lady 2020
- our daughter Fovio
- our son Chip
- and Qualcomm the dog

We have decided to increase our holding when all these shares flood the market....

#Team314

Well my day is getting better.

Baxter 4.4p
HAGD 5p
S7 June whatever the price

#Team314

This is from June 19, in don't remember seeing it before, its got a few pages on SM aviation offering

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=7&ved=2ahUKEwie3uWyvtjnAhXEQkEAHYq2CuUQFjAGegQIBRAB&url=https%3A%2F%2Fwww.industry.gov.au%2Fsites%2Fdefault%2Ffiles%2F2019-12%2Faustralias-aerospace-industry-capability-report.docx&usg=AOvVaw3YVFbLkSIz-wkj8g-4XnU2

"Seeing Machines is in the post research & development and pre-commercialisation stage in the aviation market. The FOVIO Driver Monitoring System (DMS) is a unique offering that has not yet been tested in the aviation sector. As such, venturing into this sector has meant creating a new market for its product, rather than entering an existing one. Seeing Machines notes that growth of the aviation industry coupled with a shortage of pilots globally has provided additional momentum for conversations with airlines and has already led to initial commercial engagements in areas of pilot training and crew resource management.
While aviation does not account for a significant share of the business at the moment, Seeing Machines sees a multi-million dollar market in the future. In 2017, there were an estimated 25,000 commercial aircraft in operation, with this number expected to double in the next 20 years. Heading towards a future of higher automation and significantly lesser airspace, Seeing Machines’ technology has the potential to be a key component in supporting the sector’s safety standards.
In collaboration with aviation carriers, three product lines have been developed to manage constraints in the current aviation systems.
The Pilot/Crew Training System is a sophisticated tool that provides aviation training providers with an objective assessment of trainees based on tracking their eye movement, which can be used to select, train and assess pilot candidates.
The Pilot Support System technology is designed to assess a pilot’s exhaustion and alertness levels in real-time during a live flight. This can then be used as a measure to evaluate work schedules and pairing designs in order to mitigate risks due to pilot fatigue.
Seeing Machines’ Operator Alertness System is developed to assist air navigation service providers and controllers with managing the foreseeable exponential increase in safety concerns by providing live data on alertness levels of pilots and using it to inform effective resourcing and scheduling decisions.
In light of an increasing global focus on safety, Seeing Machines views its eye tracking system as a mainstream commercial product for the aviation industry, rather than a niche product."

#Team314

Firstly, I can only apologise for clogging up the bb with an attempt at research.

Terry, another (older) BAE article on eye tracking, no clue if we are involved in any way but it shows the wider use cases in Aviation

https://www.airforce-technology.com/news/bae-eye-tracking-technology-future-jets/

#Team314

S7, Lewbo is a gentleman so by default I must be more pathetic, btw I'm still laughing at Terrys response.

You will be pleased to hear, I have done some additional research, played with my abacus and as much as it hurts I agree with you Team300 is not credible and is misleading to people

#Team314

https://www.forces.net/news/tempest-building-fighter-jet-future

"With eye tracking software there would be one set of controls, operating multiple displays with it, instead of multiple interfaces per display.
"It's one hundred times more challenging because we've got so many more capabilities we can develop for it," Systems Engineer at BAE Systems Chris Hepburn said.
"But at the same time, so many more opportunities for the pilot to make things so much better for them."

#Team300

"

Terry, did you not see S7 at Vegas? he was the one asking Paul the difficult questions, same as he did at the CMD in Nov, or to Ken at the event in March 18.

S7 and Baxter share a huge credibility issue, which surprises me about Baxter withy his sporting background, I'm afraid they don't follow through. If you want big talk and not action look at our resident derampers

~Team I'll not be selling come June either way.

Paul, ring the big US funds, a huge amount of shares will flood the market in June....

#Team300

Baxter, he was in and out a few time and like all day traders told us when we was right and not when he was wrong.

I'm a long-term investor so no regrets from me about not selling at 12-14p, if we don't get above that level again then I am wrong but I am a big boy so can deal with that if its the case

#Team300

Bauch, I remember that Hyundai Mobis article from before, my view is they are using SM tech.

Its impossible to be "big" or "major" or "very excited" about Korea without winning Hyundai via their Tier One Hyundai Mobis

Hyundai Mobis (short for Mobile and System) is a public South Korean car parts company. Founded as Hyundai Precision & Industries Corporation (Korean: ????/????) in 1977, the company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. As of 2014, it was the "world's No. 6 automotive supplier."

#Team300

Jumbo / BB, the latest Cenkos forecast assumes A$10 revenue, this would be an average with Chip bring higher, but as we move to mass market feels about right to me. So call it A$0.5bn per annum at the 50% of the market.

The cost side is more interesting, what is our cost for Auto ?

1) R&D- this has led to huge losses in Auto as R&D is much higher than current revenue, if they dont win the contracts it's a sunk cost, however I believe Auto is a cash cow as volumes increase

2) SW , in my simple mind we provide a algorithm and the Tier One add it to their overall package, so if the OEM uses it in 10 cars or 10m cars our cost is the same, but our revenue via a license fee per car is many multiples of today

3) Chip, Xilinx do everything and we get a license fee

So my guess would be revenue A$0.5bn with a cost of perhaps A$50m for ongoing R&D

It's a Dog of a business at low volume and paid for by placings, at high volume it's a cash cow

#Team300