Member Info for Seeing-2020

3rd Aug RNS

"The Aftermarket business is also strengthening as safety monopolises agendas across the world, and this division is now profitable as a standalone business."

I was deremping the extract below from 3rd Aug says its "each opportunity"

"In addition, we have increased the number of relationships with key Tier 1 customers to 16, enabling us to bid each opportunity with several parties."

Let that sink in......

UPDWG, the other thing is we will have RFQ that we simply can't lose

With 16 Tier one partners we will have many tier one offering our tech in the same RFQ, amazing position to be in

FRANKFURT (BLOOMBERG) - BMW's better handling of the chip shortage has turned the tables on the global luxury sales race, positioning the company to overtake its arch-rival for the first time since 2015.

The carmaker delivered 1.7 million of its namesake branded vehicles in the first nine months of the year, exceeding Daimler's Mercedes-Benz by more than 112,000 cars and sport utility vehicles

https://www.straitstimes.com/business/companies-markets/bmw-poised-to-snatch-luxury-sales-crown-back-from-mercedes

Lewbo, he likened it to a tech development he would expect from Amazon, Google or Apple

Amazing really

IX looks very smart and bang on the timescale mentioned by Paul Mc. Nov orders for spring 22 delivery

Will sell very well imo

HAGD, at the risk of being accused of reposting old news, it doesn't sink in first time for everyone, people learn at different speeds. II are taking interest oldboy.

#7) institutional holdings increasing

The shares are moving from eejits to more edimicated investors

#NoEEJITS

https://www.linkedin.com/posts/daniellouisnewman_welcome-to-the-atx-elon-ugcPost-6852588718532947968-uJkH

Worth listening from 25 mins

- call ultra cruise as QC
- 27:09 small mention of VW (in context of semi co's specifically QC)
- 28:15 he says "originally QC had a deal to buy Arriver"

Buffet, you guess wrong

Tomorrow is 11th Oct, lots of time left for news to land

Is Seeing Machines set to be taken over within 6 months?

Posted on 9th August 2021

1

Following today’s interview with Seeing Machines CEO Paul McGlone, I’m convinced that Seeing Machines is set to soon follow Veoneer and be the subject of a bidding war, most likely within the next 6 months.

The main driver is its dominance in the automotive driver monitoring space, where it is set to win the lions share of a multi-billion dollar market over the next year. (My view is it wins at least 70% of the RFQs).

McGlone was very candid in the interview and the key part I’m going to refer to starts from around 13 minutes in. There he outlined the problem winning most of the DMS/OMS market brings to a relative minnow:

“In my opinion, this is the beginning of the consolidation in interior sensing. Not the end, the beginning. I doubt very much whether there will be 3 or 4 majors in this space 2 years from now.”

“One of the challenges we have right now is that with almost a billion dollars of RFQs, which is more than we’ve seen in our entire life, on our table today, and we expect another billion next year, we have a really important decision to make. Do we pursue it all, do we get selective and strategic about what we pursue? What are the investment implications for either choice?

It is very, very clear: if we pursue it all and we win at our historical run rate of 40 plus per cent it is a fantastic return on investment. So, over the next 2 quarters we’ll be looking in great detail around the volume of RFQs, the requirements in each of them…the cost of doing them and the return on investment. That is the big decision for us to make. We don’t have to make it now but we’ll be working on it over the next 2 quarters.”

I personally think the opportunity is so huge that even if Seeing Machines wanted to pursue the opportunity offered by automotive alone, it won’t be allowed to do so. However, I think they’ve already decided to sell if the price is right.

By the way, I think that price will be over £1. Looks silly when the price is 10p but huge contract wins haven’t yet been announced. When they are the price will rise and £1 will eventually look cheap.

Qualcomm grabbed Veoneer from the hands of Magna because it sees the strategic importance of active safety in automotive to its future business.

Waymo first

Waymo

This will of course be helped by Seeing Machines publicly acknowledging its involvement and RNSing such news. For example, as Colin Barnden of Semicast Research confirmed in an article this week, it has supplied its tech to Waymo.

This blog first wrote about Seeing Machines supplying Waymo back in 2018, still it is about time we had it confirmed via an official RNS — especially given the announcement by Colin Barnden. 

This is an interesting one

Seeing Machines bags Nio
Posted on 31st January 2021
At the Qualcomm shindig last week, it was fascinating to learn that 20 automakers have selected Snapdragon automotive ****pit, gen 3, particularly as I believe most, if not all, of them will have Seeing Machines DMS integrated into it.

I’m sure that one of them is the Nio ET7, the Chinese would be Tesla killer. You don’t have to be much of a detective to work it out as the clues are all within an easy Google. Nio is signed up with Qualcomm and has an enhanced DMS. Hmmmm does anyone know a supplier of advanced DMS that is working with Qualcomm? Answers on a postcard, please.

Sept 19, was even Mr Bunce seeing the future

"Lest we forget, there is also a bigger game afoot, as Bunce pointed out in his note:

“… one could argue that Seeing Machines has greater strategic value than Mobileye has as we highlight the ever-increasing importance for reliable face, eye and emotion tracking in the real world for many applications beyond automotive and transportation; from retail, medical, personal robots and personal computing devices. This value would be seen not just but major chip and software platform providers like Intel, but also the world’s tech giants.”

The number of this post of course

Volvo, early not wrong

Volvo XC90: another win for SEE
Posted on 11th July 2019
The evidence is stacking up that Seeing Machines has won Volvo in the teeth of opposition from its Swedish rival Smart Eye.

Read this article on the Volvo XC90 and note the way it describes how the DMS system will work. Congrats to Nick DiFiiore and his team on this one. All we need now is the RNS.

I believe the delay in announcing auto OEM contract news is due to their being re-scoped and enlarged by car manufacturers in the light of EU legislation that will mandate DMS in all new type cars from 2022.

Feb 2018, mentioning some of the household names we get linked to on a regular basis these days

"When pressed further about Google, Apple or Amazon seeing the long term value in Seeing Machines technology, which has applications far beyond transport alone, given it can enable robots to see and perhaps eventually even empathise with humans, Ken Kroeger commented: “I agree it is either someone like that who can see the full value or a really diverse Tier 2 or Tier 1, as opposed to the OEM. The Tier 1s sell to the OEMs but some of the Tier 2s which sell to the Tier 1s are exceptionally diverse. They might be building stuff for automotive, stuff for aviation and stuff for medical devices, stuff for consumer electronics. They might not just be an automotive-centric supplier. They are really hard to find and pinpoint but they are out there because they are always talking to us."

He called the S Class 3 and half years before we got an RNS to confirm

"Posted on 30th October 2017
Seeing Machines (AIM: SEE) has today announced that it has won a contract with a premium German auto manufacturer in conjunction with a major Tier 1 auto manufacturer.

This is a further striking endorsement of its Fovio Driver Monitoring technology, which is already in the new Cadillac CT6’s Supercruise feature – the car was launched by General Motors this autumn in the US.

The awarded models are scheduled for mass production in 2020. My own guess is the manufacture is probably Mercedes. If it is, the tech is likely to debut in its top of the range S series, which is scheduled for a relaunch in 2020.

Motoroids wrote an interesting article about the Mercedes S Class 2020/21 a few months back."

It would be unfair on a day of reflection not to mention the outstanding contribution of Chris Menon aka safestocks over the years, he spotted the opportunity well before many others

I will try pick out some of his highlights

#8) monopoly

My favourite boardgame, what I really liked recently was Paul saying "there will be one maybe 2 players in this space"

Always been my view