Member Info for Seeing-2020

the future is pretty clear if we just look at auto design wins which go into sop in 24, the kpis will go nuts

1) vw group

dec 21 design win

sop 24

"this program covers an expansive number of vehicle models with mass production scheduled from early 2024 and an initial lifetime value of a$125 million. while representing the largest awarded dms program to date, there also remains significant upside potential based on oem expansion plans. delivery is via the company's deeply embedded driver monitoring engine (fovio e-dme software library) configured for both driver and occupant state sensing, enabling a rich set of regulated and premium safety and convenience features."

2) renault

design win may 22

sop 2024

"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 a new global automotive tier-1 customer to deliver its fovio driver monitoring system (dms) for a new european automaker (oem).

the program has been awarded with certain minimum volume guarantees, covering a number of vehicle models with start of production scheduled from early 2024 and an initial value of a$27 million, bringing the total number of oem customers to 10. the program will be delivered via company's embedded driver monitoring engine (fovio e-dme software library), pre-integrated and optimised for qualcomm's 3rd generation snapdragon® ****pit platforms."

3) stellantis

design win june 22

sop 2024

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 global automotive tier-1 customer to deliver its fovio driver monitoring system (dms) for a large global automotive group (oem).

this program, to be delivered via seeing machines' embedded driver monitoring engine (fovio e-dme software library), is led out of north america and covers a broad array of vehicle models with certain minimum volume guarantees, a start of production scheduled from mid-2024, and an initial lifetime value of a$23 million."

4) bmw

design wins 2019

major ramp up in volumes in 2024

Indeed I did David, it's called being self deprecating.

Good news is I still have a few 'Team300' t-shirts left, if you would like one just dm me your shirt size.

Have a great year

DR777, we don't know if the wins by others are part of the 10 or not. The Cipia win as an example didn't even come with a value attached.

I cut Paul some lack for his timing predictions as its put of his hands.

I remember when people used to predict 100p by 2020

Brock,

so using your numbers, when up to full volume with BMW

2m cars per annum @ $11 ASP = revenue $22m per annum

Margin is 95% (per Paul) so margin is $21m

I assume no additional admin costs etc so thats $21m on the bottom line

If that was the whole company and using a very prudent 13x profit it would be valued at $273m , convert at todays FX rate of 1.28 would value the company at £213m.

Current market cap of the whole company is £216m

Sp you are saying the BMW contract supports the current market cap, hard to argue with your logic

Of course this won't just be Shell owned fleet it will be their supply chain also

I do wonder if the Shell win is waiting for gen3 for the high volumes

https://www.proactiveinvestors.co.uk/companies/news/962764/seeing-machines-inks-framework-deal-with-shell-for-driver-distraction-and-fatigue-technology-962764.html

GM is one that appears to have under delivered so far, I think we had a GM design win in 2014 do they had a big headstart on other OEMs

Did they take advantage?

Welcome back HAGD, your insight and knowledge has been missed.

I assume you are tipping Shergar for the gold Cup, again

Its the storm before the storm

Sandy, Terry said he would sack me as his apprentice unless I got the finger out and did some work

Who called BMW first"?

I am giving that award to Chris Menon from safe stocks, as this extract is from a blog in March 2018, over years ago, he was early not wrong

"I’m convinced that Seeing Machines has recently been awarded a contract worth more than US$25m a year by BMW to supply its driver monitoring system in its cars, some of which should be available for sale by 2020.

From discussions with auto industry contacts, I believe the contract is for many forthcoming models (several million cars) and the DMS is likely to eventually end up being standard issue within the instrument cluster of all BMW cars. Given that BMW sells roughly 2.3m cars a year and that Seeing Machines would get approximately US$30 a car, that makes a potential annual income of US$57m a year by 2020, rounded down to US$50m.

Given that in the auto industry the lifetime of a model lasts for roughly 5 years, the lifetime value of this contract should be at least US$125m, though it could be as much as US$250m."

More from Chris Menon

"Ford is rightly proud of the vehicle and its safety record. Indeed, the company boasts that during the 2 years BlueCruise has been available in the US its 200,000 users have covered 100m miles without incident.

What Ford isn’t shouting about is that it is Seeing Machines DMS that is the reason there haven’t been any incidents, as it ensures the driver’s eyes are on the road before, during and after BlueCruise is engaged."

The article on https://www.safestocks.co.uk outlining his visit to the Ford demo is very very good

This is from the presentation Ford supplied on the day:

BlueCruise builds on the capabilities of Ford’s Intelligent Adaptive Cruise Control, which can automatically keep pace with traffic within legal speed limits, right down to a complete halt.

Hands-free mode allows drivers to drive with their hands off the steering wheel on approved Blue Zone sections of motorway, so long as they continue to keep their eyes on the road ahead – granting an additional level of comfort during long drives.

Before transitioning to hands-free driving, BlueCruise-equipped vehicles confirm that lane markings are visible, that the driver has their eyes on the road and that other conditions are appropriate.

The system uses animated cluster transitions featuring text and blue lighting cues to communicate that the feature is in hands-free mode, effective even for those with colour blindness.

Terry, looks like this is a replacement for IUM who had a few larger orders way back, maybe 5 or 6 years ago.

hopefully this is linked to a push for Gen3

Sipps, I honestly believe we are on the brink of something really special here, so very east to be positive.

Yes we have waited a longtime, but all that means is the expected news must be coming soon.

Terry, this is why Paul describes our churn rate (1.75%) as the best in the telematics industry, nom leader is going to see the benefits of SM and then decide to switch it off

Terry, took a long time for Elon to admit he needed DMS, now he needs to admit he needs the best in class, or he will continue to rank behind the cruise brothers (blue and super)

Good points TLS, I guess the other consideration is what they are carrying and the publicity any plane crash gets compared to the multiple car crashes that happen everyday of the week

Sipps, it has been said that the bar is higher for Aviation than the other divisions

Ford achieved both best-selling brand and truck for six consecutive months this year on the strength of F-Series, vans, our new Escape and F-150 Lightning,” said Andrew Frick, vice president, sales distribution, and trucks. “Our EV sales continue to grow. Improved Mustang Mach-E inventory flow began to hit at the end of Q2 following the retooling of our plant earlier this year, which helped Mustang Mach-E sales climb 110 percent in June.”

F-150 Lightning sales were up 119 percent in Q2 over year ago and a 4.1 percent gain from Q1. F-150 Lightning continues to attract new customers to Ford with 50 percent new to the brand, based on most recent conquest data. Year-to-date, Ford EV sales rose 11.9 percent. Ford’s overall EV sales were up 35.5 percent in June.