Member Info for Seeing-2020

Maybe it was a Spectacular Sept

https://www.linkedin.com/posts/colin-barnden-1081376_bmwblog-driver-monitoring-activity-7226921991591583744-ciYn?utm_source=share&utm_medium=member_android

ACT, all we know is he went above 3% a week ago to 3.45%. He could of course have held 2.99% for many years.

As for the deal it's a takeover at 100p, long term holders wouldn't be celebrating as it traded above 200p a few years back.

100k vehicles added per quarter, at that runrate.

I would assume $10 per unit, so $1m.

The same as the SEYE design win from the other day but in 3 months not 7 years.

What we can tell is the numbers are increasing

Today's article 492k vehicles on the road.

Article below dated 31st July 420k vehicles

https://media.ford.com/content/fordmedia/fna/us/en/news/2024/07/31/ford-bluecruise-now-available-to-use-in-17-countries.html

Our May Design win was $26m, so 26x the SEYE design win announced today.

I doubt there are any serious investors who want SM to announce design wins for auto worth $150k per annum.

SEYE SP has been steadily falling so they have done what many SM PI call for and "announced some news any news to stem the bleeding".

If this is all they have I doubt their PI feel any better

I think that wins the prize for the smallest ever announced design win.

$1m over 6-7 years, so about $150k per annum.

I remember when SM, years ago, announced a small design win $6 or 7m and everyone moaned

Nice find, good to see DMS up front and central

Https://www.linkedin.com/posts/colin-barnden-1081376_driver-monitoring-system-activity-7241411307399188480-ccPz?utm_source=share&utm_medium=member_android

Just look at Filtronic to see how quickly things can move, was similar to SM sp for years, hit 20p in Jan now trading around 77p and up over 370% in 12 months.

Maybe you should have kept your Philtronic name and you would be happier

Are you emotional about the SP or the decisions the company had made?

Still haven't seen you make a sensible case for a miss-step.

Comparing the SM business model to a shop is hilarious, SM have 95% margin on auto royalties and 98% retention on Fleet customers, show me a shop with those metrics and I will invest?

As for no one wanting Gen3, is got thorough the full approval process a few months ago so I would give it a little longer before jumping to that conclusion.

sm have said for years they concentrate on 3 verticals

fleet

auto

aviation

they have developed products successfully in all 3 verticals.

other dms providers who criticised the 3 verticals model have since tried to follow

fleet = gen3 recently launched and reached ****logation

auto =2.2m cars on the road (june 2024), exclusive license deal with magna

aviation = license with collins

can you explain the wasted r&d you mention?

Dan, I'm sure many people would share your, I have heard many people over the years tell me they don't need a seatbelt, but it's the law so every car has seatbelts.

The absolute key thing for me with SM is regulation, it's not going to be a choice for people who want to drive a new car.

“Corner radars hidden behind the plastic of the bumpers, front radar mounted outside of the bumper which functions for adaptive cruise control, as well as rear flank alert,” explained Joseph Thompson, R&D director of Valeo’s Brain Division. “It also integrates parking sensors, so up to 12 parking sensors, as well as a driver monitoring camera, all in a one box solution.”

'All three companies displayed systems for detecting if a driver is distracted, using a combination of cameras and motion sensors. Just how the driver is warned or the vehicle reacts to those distractions is up to the automaker installing the systems, the companies said."

Well, Merc is one of the few customers we have named publicly, extract below from June 21 RNS

Seeing Machines has been working closely with Joyson Safety Systems since 2011 to integrate the Company's software into the General Motors' Super Cruise driver assistance feature. This system, based on the Company's FOVIO e-DME (embedded Driver Monitoring Engine) software, is now available in three new vehicle models including the General Motors' 2021 Cadillac CT5, Cadillac CT4 and Chevrolet Bolt.

The start of production on these additional vehicle models from General Motors follows successful FOVIO e-DME software launches on the new Mercedes Benz S-Class and Mercedes Benz EQS sedans.

ISB, just to keep things factual, if Paul was suggesting an sp as low as 70p, that's called deramping.

I assumed he had been for a liquid lunch with you and HAGD

Chutz, the Fovio chip is just one way we sell to the automotive customers.

Best to look overall increase in cars on the road, which was 104% as per the extract below from the recent RNS

"Total of 2,211,422 cars on the road as of 30 June 2024 across 7 automotive programs, an increase of 104% from 12 months ago (Q4 FY2023: 1,086,176)"

John Noble is named as a speaker

https://incabin.com/europe/speakers/

Https://www.volkswagen.co.uk/en/technology/car-safety/euro-ncap.html

Yeah, you never hear an OEM mention their NCAP ratings...

https://www.press.bmwgroup.com/global/article/detail/T0439164EN/top-international-marks-for-the-vehicle-safety-of-the-new-bmw-5-series-sedan?language=en