Member Info for Seeing-2020

Be interesting to see if they can get this over the line.

Smart Eye Aktiebolag (publ) (“Company” or “Smart Eye”) today announces that Skandinaviska Enskilda Banken AB (publ) has been mandated as sole bookrunner to arrange a series of fixed income investor meetings commencing on 8 December 2025, to explore the possibility to issue senior unsecured bonds in an expected amount of SEK 300,000,000 under a framework of SEK 600,000,000 and with a tenor of three years (the “Bonds”). A capital market transaction may follow subject to, among other things, prevailing market conditions.

The proceeds from the issuance of the Bonds shall be used to (i) refinance existing debt, and (ii) finance general corporate purposes (including transaction costs and acquisitions).

Forensic, you imply they are some how behind the times with no traffic lights, maybe tell the full story

Which Indian city does not have any traffic lights?

Kota, Rajasthan, has become India's first traffic light-free city. This was accomplished through smart urban planning, extensive infrastructure projects by the Urban Improvement Trust (UIT), and the development of more than 24 flyovers and underpasses, ring roads, and rotary intersections.

Developments in the hashtag#driver hashtag#monitoring hashtag#systems market this year related to the Japanese OEMs appear to be the result of changes to the Euro NCAP - For Safer Cars, Vans & Trucks hashtag#NCAP26 test protocols. The latest program win for Seeing Machines is with a hashtag#JOEM. The program value is small (US$1.6m) suggesting the OEM is well known but has low(ish) production volumes. Possible OEMs might include Isuzu and Subaru. Subaru has received great reviews previously for its hashtag#EyeSight hashtag#ADAS hashtag#safety system, but it has made uninspiring choices around hashtag#DMS, so that seems a reasonable place to start.

Subaru EyeSight Gen. 1 used proprietary ASICs; Gen. 2 used Xilinx hashtag#FPGA, so Gen. 3 might be a Xilinx (now AMD) win with integrated Seeing Machines hashtag#Fovio DMS stack. Subaru Gen. 1 DMS looked to be Mitsubishi Electric. Gen. 2 is shown in the image below and is an interesting choice for sure! Gen 3. might be a return to Mitsubishi, which would roughly tie together as Subaru/Mitsubishi/AMD/Seeing Machines.

We are highly likely to see more contract awards for DMS across the Japanese and Korean OEMs in the coming weeks as compliance for Euro NCAP 2026 becomes an issue. Japanese and Korean OEMs tried to do DMS in-house or on the cheap, which is a strategy that worked until it didn't.

Want to know more about the big picture for the European DMS market and "who supplies whom?" DM me for details of the recently published Semicast analysis: "2026 Forward Share Estimates of the European Automotive Driver Monitoring Systems Market." There are two reports, one covering Tier 1 suppliers, and one covering Tier 2s. Message to request your copy of the study brochures and order forms to purchase these reports and to cut through the industry PR noise.

Some great detail in this:

"To achieve the highest ratings, vehicles must not only employ continuous eye- and head-tracking but also link driver state information to the sensitivity of driver assistance systems. Additional credit will be given to technologies that can identify signs of drug or alcohol impairment and those capable of safely bringing the vehicle to a halt if the driver becomes unresponsive.

New assessments of the human–machine interface (HMI) are introduced, evaluating the placement, clarity, and ease of use of essential controls — including the availability of physical buttons for commonly used functions, which consumer feedback suggests can reduce distraction."

I'm not sure it matters, all about the overall overbook which is now "above $400m"

However, my research concludes its Valeo & Renault

How great to see those words in an RNS

Https://www.linkedin.com/posts/hemanth-chakravarthy-mudduluru-26081993_adas-automateddriving-selfdrivingcars-ugcPost-7398396943124758528-PKan?utm_source=share&utm_medium=member_android&rcm=ACoAAAhWlqEBEaKZMGs9u04O9Y3CNkklo_3oS_4

Magna (part 2)

- signed a 3 year exclusive license with SM for inside the rear view mirror location

- paid $17.5m for the privilege

Magna International

- won a large DMS & OMS contract with VW announced Dec 21

- at the same time invested $10m in SM at 11p

Well spotted, I threw that in to see if anyone was still awake.

Collins (part of the Raytheon Group)

When SM looked to license the Aviation business it was the industry leader who chose to partner with SM

CAT

Mitsu weren't the first.

A decade ago SM was s tiny company with a fee mining contracts and a trial with Royal Beuk.

CAT did their DD and decided to sign a license deal and pay $17.5m upfront

When the history books are written on SM this will show as a pivotal moment

Mitsubishi Electric Mobility

They would have done full "takeover" DD before investing to buy 19.9% of the company.

- financial DD

- technical DD

- external commercial DD, this would be extensive research on the macro market carried out by a specialist commercial DD firm

They did all that and decided to buy 19.9% of the company, for now

Like others, I have done a fair bit of research over the years, but I don't have access to the resources that a large company would.

The research posted today by Aaroon and Maps is some of the best I have seen in the past decade.

Happy Monday incoming

By then you will probably be paying 10p, Aaroon and Maps have done it now

Then we had this RNS at the end of Oct, which makes Japan very exciting

Seeing Machines announces Advanced Development Project with leading Japanese OEM

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announced that it has been selected to deliver an Advanced Development Project (ADP), directly with a Japanese OEM to deliver a feature rich Driver and Occupant Monitoring (DMS/OMS) platform solution. Many Japanese OEMs now require an upfront ADP phase before awarding automotive production contracts, and the Company expects this approach to become more common in future Japanese engagements.

Seeing Machines expects to receive a formal award for this automotive platform production business during the first half of calendar year 2026, with an expected production start date in the second half of 2028. This milestone highlights Seeing Machines' progress with this OEM partnership and the advancement of its technology solution.

We have previously been told

- 50% are expected in Q2 other 50% by June 26.

We have also been told about accelerated progress in Japan via Mitsu

SM have changed their language

From, RFQ decisions expected

To, this week, we expect a couple of design win "awards" in the next month or 2.

After listening to both SM and SEYE this week its clear automotive design wins are expected.