Member Info for Seeing-2020

Brock,

I wouldn't say 'flattered'.

Paul was very clear at the townhall that the $17.5m license deal was the only license deal for auto, so the results are enhanced due too the team closing the only license deal closed by a DMS company, it wasn't luck it was positive management action.

As for the amount recognised as revenue in H1, seems 3 potential outcomes
-1) The full $17.5m, same as the CAT deal was accounted for
2) Follow the cash, so $10m in H1
3) Spread of 3 years, so $17.5 / 3 in FY23 = $5.8m, so a proportion of that in H1

Cenkos go with option 3, I can only assume they have spoken with the company
"The deal with Magna pays US$17.5m over three years for exclusivity including $10m for the first
year. We therefore model the recognition of this proportionally from the start of the deal over
three years"

Soul,

Yes the financial calendar has 2 upcoming dates
- 22nd Feb Trading Update
- 6th March Half Year Results

Trading update last year was 23rd Feb, however the H1 results is much earlier (last year 30th March) clearly timed so they can talk about the results with the NYC investors

Latest combined Telegram & LSE

Close of play Friday 31st March SP.

Hyperion 6.2p
Urban Space 7.15p
Chris H 7.25p
Boonboon 7.5p
Livingstone 7.7p
Baxter 7.8p
Carl J 7.9p
Mat M74 = 8p
Stephen 8.1p
Ross C 8.15p
Ernesto 8.25p
Hella 8.30p
Mark T 8.38p
Phil T 8.42p
Gav 8.5p
Td5ser 8.6p
Joe91 = 8.69p
Eliko 8.73p
John Raeburn 8.75p
Johnny19 = 8.85p
Ben 8.87p
Andy M 8.88p
Zap 9p
Zequic 9.01p
NikNak 9.11p
Graham 9.4p
Paul Gold 9.6p
Soulboy 9.6p
Robert 9.7p
Self-titled 9.75p
Joe 10.1p
Tom. 10.4p
Terrym 10.5p
Lewis 10.6p
Seepee 10.71p
MajorEM 11p
Boydolin 11.7p
NathanR999 = 12p
Sean Teapot 12p
Warren 12.3p
Seeing2022 = 12.3p
Wilson 13.1p
Jimm 13.4p
Imran 14p
Alex 15.7p
PM44 = 16p
SEEuJIMMY 18p
Baron 19p
Mark 19.8p
David I 20p
Seeing2020 = 20.20p
Cella 22p
Nat 25p
Tony G 25p
Ian Randell 29p
UDWG 100p
Aspers 280p

Numptypi, I can do the admin.

I will combine the Telegram & LSE entries as i assume only one shirt, pic on Telegram (looks great)

20.20p

Numptypi, so the competition is SP close of business Friday 31st March?

Linkedin shows 411 employees, won't be exact but its a good indication

It seems my ‘Clash of the Titans’ prediction is slowly (oh, so slowly) coming to pass.

However, unlike a boxing contest, the battle to acquire Seeing Machines won’t be a 2-person contest with Marquis of Queensbury rules. It’s set to be a bare-knuckle bout involving strategy and multiple bidders, more akin to a contest in an episode of Alice in Borderland. As I see it, there are at least 4 main contenders:

Intel (majority holder in Mobileye).
AMD (owner of Xilinx)
Qualcomm
Nvidia – the dark horse?
However, lurking in the shadows are many more players who must covet the technology that Seeing Machines possesses. Some are subsidiaries of Chinese companies, such as Omnivision, but I doubt that Australia (one of the Five Eyes intelligence alliance) would allow a Chinese company to acquire such sensitive technology which could have military applications. Do the remainder have the financial muscle and nerve to outbid the above chip companies? That remains to be seen.

Once the contest really gets going, I expect one of the three ‘A’s; Apple, Alphabet and Amazon to show their hand. They have the nerve, nous and financial strength to not only outbid the above chip companies but take Seeing Machines technology to the consumer market in a huge way.

I believe that this year is finally going to be fun for holders of Seeing Machines shares. Let the contest commence.

https://www.safestocks.co.uk/2023/02/08/take-your-seat-for-the-clash-of-the-titans/

Fleet we own the data, so its key to develop the automotive offering.

I always had the view Fleet is the most valuable part of the business long-term and I never expected a deal with Mobileye, now that we have CB talking in millions of units a year for Fleet it could be multiples of the auto business in value

Aviation is the most likely to be "sold" but that would be a CAT still license deal with cash upfront and then a royalty model.

Mobileye have several million fleet units connected, its far from tiny

Very interesting take from CB

https://www.linkedin.com/posts/colin-barnden-1081376_seeing-machines-partners-with-mobileye-to-activity-7028364668779802624-d35d?utm_source=share&utm_medium=member_desktop

Magna was already thinking of marrying Seeing Machines DMS with Mobileye ADAS vision in that patent, so that raises three exciting questions.

1. Is Magna the sub-contract manufacturer for Seeing Machines Guardian Gen3?
2. Is Guardian Gen3 going to be a mirror-based solution?
3. Or is Guardian Gen4 going to be a combined Seeing Machines/Mobileye mirror solution?

The answer to at least one of these questions is likely to be known on March 8.

Cenkos comment

Comment: With the EU General Safety Regulations showing the global motive
industry that both outward facing (ADAS) and inward facing (DMS) cameras are seen
as a primary safety systems, we expect top tier fleet managers around the world to
increasingly look to add both ADAS and DMS as a retrofit solution to their entire fleet
as best practice. This combined marketing deal is therefore designed to provide
potential fleet customers a one stop shop offering the best solution for both and
whilst these are expected to be separate systems initially, it is possible that future
products see both technologies integrated into a single box. Mobileye has been
marketing its own retrofit fleet products, which use forward facing cameras to
provide ADAS features such as Automatic Emergency Braking, for many years and so
whilst Mobileye does not give a breakdown for the size of its fleet business, it is
believed to be much larger than the Seeing Machines aftermarket business.
Therefore, whilst the non-exclusive agreement for joint marketing will benefit both
parties, Mobileye is the bigger partner and this deal will likely have a proportionally
greater benefit for Seeing Machines. We iterate our Buy recommendation and 24.3p
price target.

I am sure they fully investigated the 'local' option and decided the tech advantage SM has over Cipia was more important

https://ims.mobileye.com/fleets/uk/

Great piece of work to be partnering with the world leader, Mbly must be delighted

Seeing Machines and Mobileye to jointly target Aftermarket business



Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that it has signed a non-exclusive Distribution Agreement ("Agreement") with Mobileye Vision Technologies Ltd ("Mobileye"), industry leader in the development of advanced driver assistance systems ("ADAS") and autonomous driving technologies.



The Agreement enhances Seeing Machines' Aftermarket offering, Guardian, which targets the commercial fleet sector, by incorporating the Mobileye suite of Aftermarket products to alert drivers of potentially dangerous situations.



Guardian keeps thousands of commercial fleet drivers safe in more than 26 countries by using proprietary face and eye tracking algorithms to detect whether a driver is fatigued or distracted. The system is connected to a 24/7 monitoring centre and cloud analytics engine that gives fleet owners a variety of customisable intervention and analytics options.



Mobileye and Seeing Machines will jointly market these mission-critical products to provide holistic safety solutions to transport and logistics customers globally.



Paul McGlone, CEO of Seeing Machines, said: "With the EU's updated General Safety Regulation coming into force and awareness around driver safety growing, we are delighted to be working with Mobileye, and leveraging their leadership position in ADAS, to help realise our shared objective of reducing fatal accidents on our roads

Couldn't disagree more.

They worked with Arriver and then acquired them we are their named DMS partne.

Magna will do well from their 10% at a cheap price but they couldn't afford to buy SM and imo SM wouldn't sell to a Tier One.

Good find Soul.

Listen from 10 mins, he pretty much explains why they would acquire SM (without naming SM of course)

https://www.investors.com/news/technology/qualcomm-stock-joins-other-semiconductor-stocks-in-guiding-lower/

It's a bit like saying what the demand would be for seatbelts or airbags. DMS 'demand' is being driven by regulation as much as anything.

My assumption is every new car will have DMS and we will be in at least 50% of them.

If I had to land on a target price it would be 300p, if that ends up prudent I will be happy to be wrong

SM (named) customer all over the news channels today after record financial results

https://www.bbc.co.uk/news/uk-64489147

Profits hit $39.9bn (£32.2bn) in 2022, double last year's total and the highest in its 115-year history.