Member Info for Seeing-2020

Reads like more leadership from SM

RNS

Paul McGlone, CEO of Seeing Machines commented: "This momentum is further confirmation that DMS and OMS technology is fundamental to safety on roads across the world. We welcome this news, closely following the bipartisan infrastructure legislation passed by the U.S Congress in November last year which includes key provisions on distracted and impaired driving that priortise DMS. We know that we will see driver and occupant monitoring system technology further cemented across the USA as a safety requirement, and look forward to continuing our work with IIHS and other transport focused bodies as they work to ensure that all drivers in America have access to this life-saving technology"

Numtypi, my thoughts at the time was it read like a due diligence document for the technical side of the business.

I would expect a takeover "deck" to include financials and forecast models but also the technical side and this is how it read to me.

Potentially it could be used to support a Nasdaq listing, but that's not how I see this ending

People sell I get that, but don't feel the need to warm us all we have done our research.

Reminds me of a chap called Filtronoc or was it Philtronic

S2030, if that's your view why hold?

In my view the booked auto business is the main driver of the SP, we are A$325m currently as that increases the SP will increase

As for the RFQ, the major increase started Nov 2020, so I would expect a number of announcements in coming weeks and months.

We had an II placing oversubscribed at 11p, supported by Lombard, Federated and a new investor called Magna International.

Last few weeks a number of PI are selling to pay tax bills or credit card bills or to be clever with trading.

I am very content to hold, BTW the company has never mentioned 2025 as breakeven, FY23 is what I have heard and FY23 starts on 1st July 2022.

Most likely a PI selling and looking for reasons to justify, BTW the article posted by S2030 is from May 2020 so no relevance now.

Thatcham Comment via Linkedin

The Insurance Institute for Highway Safety / Highway Loss Data Institute creates safeguard ratings for partial automation.

Matthew Avery, our our chief research strategy officer comments:

"Today’s news from IIHS marks an important step in the road to automation and echoes similar testing from Euro NCAP, For Safer Cars. We must have measures like this in place to ensure that the driver’s attention is always on the road and they will always be ready to take back control.

“There are currently no fully automated systems on the roads in the UK or US, but some vehicles already have partially automated systems.

“For the safe adoption of automated driving, it’s crucial that consumers aren’t mislead into thinking their car is capable of driving itself, the human driver must be engaged at all times. Robust rating systems allow clarity for drivers and promote safe adoption."

? https://lnkd.in/dPgSAz4a

Colin response to Rodney comment, $10bn is around 175p......."The subject matter is insanely technical Rod, but the paper is exceptionally well structured and takes the reader through the key issues. I know how hard it is to have an idea to convey, and to start off with a blank screen in Word! SM needs much more technical literature like that.

As for the future, what Arm taught me was how value is created as technology is built upon through layers of innovation. For example: Arm architecture > Apple Ax processor > iPhone > App Store > WhatsApp ($18 billion).

One example of the future might look something like: SM e-DME > Qualcomm ****pit > Doug Field Secret Sauce > App Developers > Ford new services revenue stream.

What's in common? A processor underpins the service. The greatest inventions so often start out looking mundane and get dismissed, but it won't take long for companies to understand exactly what Occula represents. If SM was headquartered in the Bay Area and floated on NASDAQ, the market cap would be more like $10 billion today."

Rodney Stewart (SM Chief Engineer) commenting on linkedin

"Great article Colin.

I'm obviously a biased observer here but I can't help but comment. The good thing about pioneers like ARM and Mobileye are that their business models are there for everyone to see and learn from. We have a lot to do before we can in any way compare ourselves to such great companies but hopefully some day we can look back and say that our approach was the right one. It certainly feels that way from our viewpoint and the work we have done (which doesn't happen overnight) has set us up to explore ways that we can work actively with technology partners to accelerate innovation and adoption of DMS technology.

Thanks for taking the time to read, understand and report on the whitepaper. I'm glad to see it adding colour and perspective to what we do and your commentary is a great way to help people join the dots on the possibilities ahead of us."

Soul, its a great article, but I prefer its from an independent industry expert especially one who is "uncannily accurate".

In terms of an RNS from SM, I would expect that when a license contract is signed from any of the dozen or so potential licensee's mentioned by said industry expert.

Amazon
Apple
Google
Samsung
Renesas
Intel
NXP
Toshiba
OnSemi
STMicroelectronics
Geo Semi

Or of course the one that started the ARM story, Texas Instruments.

For those who don't know the history, well before the takeover by Softbank ARM had a circa 20x rise in 12 months on the back of such license deals. Prior to that they had lots of shareholders complain about a flat SP.

From Colins linkedin post

"Obvious short-term new licensees for #Occula are therefore OMNIVISION's image sensor competitors, notably onsemi and STMicroelectronics, and other #ISP suppliers such as Geo Semi. All are existing #Arm licensees. Others could include technology majors looking at the #automotive and transport sector (such as Amazon, Apple, Google, Samsung Electronics) as well as automotive processor suppliers such as Intel Corporation, NXP Semiconductors, Renesas Electronics, Texas Instruments and Toshiba. Not to be overlooked is the possibility of some #automakers licensing Occula to design into future in-house #ASICs."

I have been around a while and read a lot of Colin articles, I have also studied the ARM story and this article by Colin is immense.

"Qualcomm is merely the first of the technology majors to fully comprehend the revolution ahead in the digital ****pit and chassis, a trend which has barely begun and yet will run for decades. Apple is likely monitoring technology developments for use in a future iCar, so too Amazon, Google (Alphabet) and others.

https://www.eetimes.com/wp-content/uploads/DMS_Semicast.png

As the above slide shows, analysis of the key competency indicators (KCIs) suggests Seeing Machines is heading for the leading position in the DMS market. Intriguingly, no partnership announcements were made by either Cipia or Smart Eye at CES.

As this article explains, an automotive ecosystem is rapidly forming around Seeing Machines that includes Omnivision, Ambarella and Qualcomm. Bolstered by a recent $10 million investment from Magna, design-wins with automakers such as Ford and Volkswagen, and partnerships with sixteen tier one suppliers (as of August 2021), its rise now has both traction and momentum.

We are witnessing the emergence not just of a new supplier, but of an entirely new class of technology. For all the talk of “consumer AVs,” and “personal AVs” at CES, the next big trend is seeing machines that understand humans."

This was posted a few weeks back i think, event starts Wed

https://www.xilinx.com/about/events/2022/automotive-world-2022.html

Simultaneous monitoring of driver and passenger using a wide-angle RGB-IR image sensor by Seeing Machines on Xilinx Zynq®-7000 based FOVIO Driver Monitoring (FDM) chip. Demonstration in new Levorg, SUBARU.

DMS from 11:45

15:20 "the Driver Monitoring System seems to be real good"

Linkedin post by Charles Dawson (NZ distributor of Guardian) confirms this is SM

Fleet size around 200.
Look no further… Dynes Transport is a proud family business that has been selling efficiency to its customers for over 50 years. We specialise in the dairy, wine and forestry sectors running a large modern fleet of over 200 Kenworths and DAFs.

https://www.dynes.co.nz/news/dynes-implements-driver-fatigue-cameras-across-the-whole-fleet

https://www.electrive.com/2021/12/06/next-vovlo-xc90-rumoured-to-be-named-embla/

Looks like we are subject too "press speculation" re Volvo again

www.safestocks.co.uk

https://www.maitlandmercury.com.au/story/7549014/posties-push-envelope-on-road-safety/

It is also considering the use of advanced computer vision technology that would offer real-time monitoring of fatigue and distraction via a system tracking eye closure and head position