Member Info for Seeing-2020

Everytime comes to he who waits. Tbh I thought BDMS was dead, very high margin product (70-80%). The RNS below was the original win.

10 June 2019

Seeing Machines Limited

Self-driving car company signs Guardian BdMS deal

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 it has signed an agreement to supply its Guardian Backup-driver Monitoring System ("BdMS") to a leading North American self-driving car company.

Based on an initial purchase of A$2.2M, Guardian BdMS is expected to be installed into a significant portion of the self-driving car company's fleet over the coming months, with an option for follow-on purchases under the agreement.

Guardian BdMS leverages Seeing Machines' automotive-grade FOVIO driver monitoring technology in a convenient retrofit system for semi- and fully-automated vehicles. It is designed to help the backup-driver in an autonomous driving vehicle stay alert, aware and ready to take control of the driving task whenever necessary, as well as help the autonomous vehicle fleet owner to monitor and evaluate backup-driver performance.

Nick DiFiore, SVP and GM of Automotive at Seeing Machines commented: "It has been gratifying for the Seeing Machines team to work with a sophisticated customer who shares our passion for road safety, and we are delighted to see our technology used to achieve the safer development and testing of autonomous vehicle technology on our public roads".

Extract from the latest post by industry expert Colin Barnden.

"VW is continuing the roll out of the Magna occupant monitoring mirror, for compliance with advanced driver distraction warning (ADDW) to the the EU General Safety Regulation. Shown are two imagines of the EU spec 2025 VW Tayron, with two obviously different versions of the Magna occupant monitoring mirror now at start of production (SoP)."

Is this the best post ever by safestocks, time will tell, very quickly tell.

https://www.safestocks.co.uk/

This RNS imo

10 May 2022

Seeing Machines appointed for DMS production solution with first Japanese OEM

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, has been appointed by an existing customer and global Automotive Tier-1 supplier to deliver its FOVIO Driver Monitoring System (DMS) for a leading Japanese carmaker.

This contract win, with an initial lifetime value of A$21 million, due to start production in 2025, marks Seeing Machines' first production Automotive award in Japan and brings the total number of OEMs, with which Seeing Machines has won business, to nine. Delivery is via the Company's deeply embedded and accelerated Driver Monitoring Engine (FOVIO e-DME software library) configured for driver state sensing and targeted at global NCAP (New Car Assessment Program) and regulatory requirements, over a number of additional vehicle models.

Seeing Machines has recently expanded its presence in Japan and is working with a range of Tier 1 suppliers and Automotive OEMS to secure a number of new opportunities as Japanese car makers move to address global NCAP, regulatory, and safe semi-automated vehicle applications.

The Company continues to grow as an automotive technology leader in Driver and Occupant Monitoring Systems, having now won a total of 12 automotive programs for 9 individual OEMs, spanning over 100 distinct vehicle models. Delivered with a range of proven global automotive Tier-1 customers/partners, the cumulative initial lifetime value of all Seeing Machines production automotive awards now stands at more than A$345 million.

Nick DiFiore, SVP and GM Automotive commented:

"We are delighted to have our first Japanese OEM award and believe that we will continue to be successful in this region as more programs are finalised to meet the shrinking timeframes for safety and regulatory requirements, globally. We have invested in a seasoned and capable sales and technical support team in Japan, who are developing relationships with key stakeholders across the Automotive industry, and this win is an important step for Seeing Machines to become the region's DMS technology supplier of choice.

"I'm also proud of our factory engineering team given their ability to satisfy customer concerns over several technical challenges needed to close on this program. While we are unable to disclose our customer's integration strategy, we continue to prove that Seeing Machines is uniquely positioned to address the increasing need for flexible, and often difficult, camera packaging locations and sightlines required to ease OEM camera packaging burdens and system cost across an array of vehicle models."

Https://global.honda/en/tech/Omnidirectional_safety_and_driver_assistive_technologies_Honda_SENSING_360_plus/

In addition to the functions of the Honda SENSING 360, Honda SENSING 360+ will newly adopt a driver monitoring camera and high-definition maps to improve functions to monitor the driver’s condition and to control the vehicle, respectively, to further reduce driver burden.

Nothing like that isb, you may not have spotted it but Mitsu own 20% of the company, currently...

A few mentions of Seeing Machines in the Mitsu investor relations day. Click on the link to the "industry and mobility business" pres.

I found the mention of using DMS for Human Monitoring interesting.

https://www.mitsubishielectric.com/investors/library/presentations/index.html

Https://www.theglobeandmail.com/business/rob-magazine/article-blackberry-ceo-john-giamatteo/

"Giamatteo demonstrates new technology by Seeing Machines, a QNX partner, which helps keep drivers focused by detecting when they've fallen asleep, are using their phone, or have stopped watching the road."

"Today, roughly one-fifth of cars built each year are software-defined, and QNX is in 90% of them. That’s more than 255 million vehicles with QNX on board. And as automakers increasingly shift to building computers on wheels, QNX sits in pole position."

Aaroon, thanks for your posts on this topic, you appear to know what you are talking about. The SEYE fanboy is trying and failing to deflect.

The tread is about the issues with the SEYE / Hyundai system, I remain shocked that SEYE win any design wins

Good spot, the senior SM like should confirm

Speaking exclusively to this journalist, Stellantis has confirmed that it will be putting driver monitoring into all its European cars by 2026. Furthermore, I believe Valeo and Seeing Machines are the suppliers of its latest interior monitoring technology, which is set to go into production this summer.

A spokesperson for Stellantis confirmed to me this week that: “As DMS becomes a regulatory requirement, all new Stellantis vehicles registered in the UK and EU will feature the system by mid-2026. Some models will adopt it earlier if they are classified as “new types” under the EU General Safety Regulation.”

The reason I’m so confident that Seeing Machines is the supplier of the DMS/OMS system in partnership with Valeo as the Tier 1 is because the announcement ties in with other evidence.

https://www.safestocks.co.uk/

Https://www.meaa-mea.com/adv-mob-case-study/flexconnect-25/

Navigate to the bottom click on case studies and you what's the top news story?

Maps, I share your excitement regarding fleet.

For me 2 pronged:

a) Mitsu and the 1m installed base

b) 7 or 8 enterprise level trials

- My understanding is a trial takes around 12 weeks and then the commercials etc can take up to a similar amount of time, I suspect we are getting near to the end of some of those processes

Toplock, we will see a huge increase in DMS volume in the next 12 months, never mind 5 years.

In the recent London Townhall the CFO presented a 10x increase in European based volume by June 2026.

Seeing, you said he didn't mention RFQ, which he did. Now are too saying he should be announcing design wins in a video rather than via an RNS.

Maybe he should do a live video of himself walking past cars saying "we are in that"

Or perhaps Paul is right by announcing "cars on the road"

#team3million+

Seeing you are not hearing very well.

He mentioned

- Valeo

- Magna

And Mitsu, for mitsu saying "progress in Japan, for auto"

Finally, we are pleased with the successful secondary placing carried out by Stifel to support Federated Investors' sale of Seeing Machines' stock to a range of existing and new institutional shareholders, demonstrating long-term confidence and support amongst our shareholder base as we focus on the opportunities ahead."

 

Very good recovery in auto numbers

- above the Paul Mc comment of "flat"

- above the Martin I comment of circa 300k

- above the average guess from the "rampers" on Telegram

70m yesterday (top 10 volume day ever)

over 200m so far today (top 3 volume day ever)

Seller exits, lets see what happens next week with the brakes off

FOMO Friday

Private, not really, they have based their breakeven plan on the 6-9k mentioned in the presentation so that's the number shareholders should focus on. I think understandably they are looking to base financial forecasts on a number they have a level of confidence in.

If however a large order(s) comes in their 20% shareholder will assist with production, but rightly they are not banking on that large unknown and are focused on getting to breakeven with the more prudent view.

On balance that's the right approach in my view