Member Info for Seeing-2020

Pedro, indeed he answered the question by referring to the major II. We have about 70% shares held by II.

Q8: There has been a lot of talk about consolidation and take overs in this sector, should us private investors worry about a potentially low offer made for the company in the next year or so? When I say low I mean before the company reaching its true potential first as the real profit is still many years away.

Our objective is to reach our potential, independently. The Company has no plans to be sold at this point, and our major shareholders agree that we would reject any low-ball offers.

Paul, was very clear in recent interview

1) They will not accept a lowball offer
2) No nasdaq listing planned for now

"We want to remain independent long enough to reach our potential"

Nasdaq they can plan for, probably plan off the back of the June 23 results and it takes 6 months or more from then.

We are a plc so a takeover bid can happen any day, lowball is a no, but everyone has a price.

In my view we have a (non lowball) takeover before any Nasdaq plans are even commenced.

If I was a big exec at QC or Intel or whoever I would be inviting Paul to dinner at CES and have an off the record chat about what's not a lowball offer.

Analog Devices is collaborating with Seeing Machines, the industry leading driver monitoring system (DMS) technology company, to showcase the combined power of pairing their DMS algorithms with our silicon. ?

With the rise of driver distraction related incidents on roads and traditional means of driver/passenger safety reaching diminished returns, DMS has become fundamental to ADAS solutions and essential to ensuring driver attentiveness and accident prevention.?

For robust and sophisticated DMS solutions, the infrared driver is critical to the optical path providing proper illumination to ensure confident image captures in real-world conditions. ADI’s proven infrared LED/VCSEL driver devices enable a safer, more compact and efficient driver and occupant monitoring system.

Automotive manufacturers and top suppliers are invited for an exclusive demo viewing of our latest DMS technology.

https://www.linkedin.com/posts/linkedyin_ces2022-drivermonitoringsystem-adiatces-activity-6877709197316911104-_DWn

We did our research and we were right, people said we were rampers or dreamers, no we were right and realistic.

We have contracts with the Big Three OEM in Europe and US
Mercedes
BMW
VW Group

GM
Ford
FCA

Japan will follow soon enough.

The sp will catch up, its just sit and wait time now, nothing here for day traders but LTH will do very well thank you.

Martin will not be happy

Deal includes both DMS and OMS, i.e., Interior Sensing
The design win includes both Driver Monitoring (DMS) and Occupant Monitoring (OMS), meaning it’s a full interior-sensing deal. This shows that Seeing Machines should be counted on also within interior sensing.

Customer likely Volkswagen
The customer is referred to as a “leading German Automaker”, which we believe to be Volkswagen (with a total global market share of 11%). If the customer would have been BMW, Audi, or Mercedes, we believe the customer would have been described as a “premium automaker”. The design win was awarded through an existing tier-1 supplier, which we believe is Magna.

Seeing Machines takes over the lead in the number of design wins awarded
The deal spans over an “expansive number of vehicle models” and mass production scheduled from early 2024. After the deal, Seeing Machines states that it has won a total of 95 vehicle models (=95 design wins), which indicates that the deal indeed included very many models (65 more than our last research update). After this, Seeing Machines takes over the lead in number of design wins, just ahead of Smart Eye with 89.

Redeye notes that Smart Eye's main competitor, Seeing Machines, today announced its largest design win to date. Redeye believes the customer is Volkswagen. While this is bad news for Smart Eye, Redeye doesn't consider it a game-changer for the investment case. As Volkswagen was not included in Redeye's previous estimates, Redeye reiterates its valuation

Its VAG (VW Group) which includes Audi, VW, Seat, Skoda, Porcshe etc , I suspect this contract may be for Audi and top end VW and others in Group would follow.

Aspers, well done, good timing

Todays win for Seeing Machines is VW Group, so 10% of the global car market in one win, Tier One partner is Magna, who recently invested $10m in SEE at 11p. One can still buy below the Magna entry point today, believe it or not

Mirabeau, we should expect newcomers at news about VW gets out, just ignore the trolls, "it's like a Golf"

Note corrected to 19.5p, I would expect further upgrades in Jan

The market in Sweden is reacting

187.40-17.60 (-8.59%)
As of 11:03AM CET. Market open.

Cenkos are beyond incompetent, can we sack them again, they have forgotten they upgraded to 19.5p

Its OEM 8, we had 7 yesterday and its German, so can't be Merc or BMW, 100% its VW

More Q&A on investor meet, couple of good ones

Paul, all the A$1.1bn, did I hear you right thats only 8 RFQ, so an average of A$140m ish?

The pipeline is valued at A$1,100m. They range in size.

Have any other chip manufacturers contacted you in regards to licencing OCCULA?

We are working with a few potential customers to license Occula and will announce those as they are formalised.

Chair, the direct quote from the annual report seems clear, I can only assume such documents are proof read.

I had around A$250m on my fag packet, so if programs are expanding (such as Ford) then A$320m feels about right to me pre Magna

A$440m post the Magna contract signing and around A$1bn to play for brings a A$1bn+ order book into play in next 3-6 months.

Blue, "nine expanding programs" would be pre Magna A$120m

Direct quote from the CEO section of the annual report

"Seeing Machines is now engaged with seven automotive OEMs on nine expanding programs to deliver its FOVIO DMS, with a cumulative OEM order book totaling A$320m, with delivery on these vehicle models having commenced during this past year"

SP has pretty much tracked in a straight line since 22nd Jan when it broke 10p, the recent fundraise brought in Magna ($10m) and Federated Hermes increased their holding all at 11p, so for me this sits very nicely waiting for the next jump up.

We always get PI selling or trying to trade in between news, Lombard seem to be happy to pick up any spare shares floating about.

Personally I am happy to see the likes of Magna buying shares way above my average, which is how it should be as I have been here 8 years.

Soon enough people will be happy to pay 20p+ which will still work out very well for them

Seeing Machines recently announced a framework agreement with Shell, which will transform it's Fleet business, I suspect it will lead to follow on contracts within the Shell supply chain.

11 October 2021

Seeing Machines signs Global Framework Agreement with Shell

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, is delighted to announce that is has signed a Global Framework Agreement with Shell Global Solutions International B.V. ("Shell") for the provision of its Driver Distraction and Fatigue Technology ("DDFT"), Guardian, to enhance safety across its worldwide operations.

Shell, a global group of energy and petrochemical companies with more than 80,000 employees in over 60 countries, is very focused on road safety and its employees and contractors drive a combined distance of around 500 million kilometres every year. There is a clear focus on safety across the Shell group of companies and they are regular participants in research projects to better understand driver behaviour and fatigue.