Member Info for Seeing-2020

On balance i want the QC deal to go through for Veoneer

However if they lose out would they make sure to be first and highest for SM.
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We don't want them thinking once they bid for a partner they always win

This statement by Toyota says it all really

https://www.theguardian.com/technology/2021/aug/28/toyota-pauses-paralympics-self-driving-buses-after-one-hits-visually-impaired-athlete
"We are very sorry that the accident has made many people worried,” Toyoda said. “A vehicle is stronger than a person, so I was obviously worried about how they were. It shows that autonomous vehicles are not yet realistic for normal roads.”

£1.3m trade is up there with the highest value trade ever

We had large volume trades in the past but value wise not many would be higher

Let's try keep score

1-0
Seeing Machines is the technology leader for the optical path, ahead of Smart Eye.

2-0
For automotive DMS, Seeing Machines possesses the largest dataset, with approximately 6 billion kilometers of naturalistic driving data captured by its “Guardian” system in just the last three years, and about 7.5 billion kilometers total.

3-0
Seeing Machines is the clear leader for functional safety compliance

Halftime, orange segments and pep talk

4-0
Again, Seeing Machines is the clear leader when transition from raw data gathering to high-level signals, a function of human factors and behavioral research.

Martin tries to bring on a 7th sub called Rana, ref books Martin for time-wasting

5-0
Once again, Seeing Machines is the clear leader in hardware/software co-design, with custom designed image accelerators running on its proprietary Fovio processor. It also runs on Qualcomm’s proprietary accelerators and a custom-designed neural processing unit called Occula, now licensable as an IP

6-0
Seeing Machines recently announced it is working with 16 leading suppliers. They likely include Aptiv, Bosch, Continental, Denso, Garmin, Gentex, Harman, Joyson, LG Electronics, Magna, Mitsubishi, Panasonic, Valeo, Veoneer, Visteon and ZF.

Even with Colins very prudent view of SM market share all I can say is

I wouldn't want to be out of this share over a Bank Holiday weekend

Well if they are after a high margin business, a certain CEO recently said that our automotive business makes 90%+ margin once in cars.

Paul confirmed in an interview a few months back "all wins will be announced, whether they are via a Tier One, Omni, QC or whoever"

Soul, wins are announced via an RNS when the design win contract is signed, the OEM doesn't get named but the win and financial value is, so thats the first step and Paul has said all design wins will be announced, whether via a Tier one or QC.

Steven Newman, CEO of EROAD said: "Our mission at EROAD is to help every community enjoy safer, more productive roads. We're all about improving fleet safety through better driver behaviour and the integration of Seeing Machines' Guardian technology will help us achieve that.

 

"Seeing Machines' Guardian safety technology is set to become a vital element in the MyEROAD portal to ensure safer and more sustainable outcomes for fleet operators and drivers."

Mirabeau, aim low and you get low. Next you will be providing us with losing horse tips.

This is a different company to when you were last her in 2018, I would he careful trying to trade it this time as I am not sure Paul shares your low expectations

We have a range of views on valuations and at the time of writing Cenkos are closest and Chris Menon looks very wrong, I know who I think is more researched, lets see how the game ends...

Cenkos 16p
Motley Fool - 100p+
Colin Barnden - "between Mobileye and ARM" - so $20bn or approx 350p
Chris Menon (Safestocks) "an Aryton Senna" - so 1000p

Everyone is wrong until they are right

A very happy II

https://www.linkedin.com/posts/michael-savage-26b02023_activity-6831583278261174272-UBnf

"We believe the key share price catalysts from here will include the conversion of the aforementioned RFQ pipeline into new OEM wins; we would particularly look out for any of the Japanese OEMs as the group has yet to make headway in the region (we believe) yet, as well as any progress with the Volkswagen Group. Another angle could be M&A activity. Recent times have seen consolidation in adjacent parts of the industry – with peer Smart Eye taking over Affectiva (AI designed to interpret human emotions) in May 2021 for $73.5m (there are no earnings/revenue metrics available for Affectiva). In the last few days we have also seen a bidding war commence for automotive technology company (and Seeing Machines integrator) Veoneer, a Tier-1 integration partner to Seeing Machines. In July, Veoneer (NYSE-listed) was initially in receipt of a takeover bid from Magna (another Tier-1 which we also believe works with Seeing Machines) for $4.6bn. Subsequently, on 5th August, Qualcomm (the largest fabless semiconductor manufacturer in the world and also a Seeing Machines partner) announced a counter-offer for Veoneer, at an 18% premium to the Magna offer.

Veoneer and Qualcomm have an existing partnership. Indeed Veoneer software was one of the three pre-selected software stacks chosen by Qualcomm as part of its new Snapdragon Ride SoC announced in January 2021. Intriguingly, Seeing Machines’ DMS was one of the other three pre-selected software stacks (the final being a parking automation product from Valeo). We believe the takeover of Seeing Machines by Qualcomm would ultimately be highly logical, capturing for the latter high value IP based upon large datasets that cannot be synthesised quickly – just as the technology has proven to be mainstream"

Not bid some opportunity or a few opportunities its "each" opportunity with several parties

Also he is very clear when talking about QC that it opens up China as a market and the current RFQ exclude China

"Our progress over the past financial year has been really pleasing, and the signs are there for increased opportunity as FY2022 gets underway. The Automotive RFQs from Europe, North America and Japan currently represent total revenue potential of over A$900m, signalling a step change in the value of our automotive pipeline. 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."

He was very clear in previous interviews that QC was over and above the current RFQ, which at least started in November 2020 and have been now valued at A$900m.

So the A$900m is via some or all of our 16 Tier one partners, it was in the RNS we have multiple chances for each RFQ.

Well done to the US Congress and NTHSA, if you want to do it right you speak with Dr Mike

Also how many cars is "all drivers"

"Basically SM wrote the Bill.fot them

"Seeing Machines is pleased to see this progress on automotive safety," said McGlone.  "We look forward to continuing to work with the U.S. Congress and NHTSA to ensure these technologies are available to all drivers and save the maximum number of lives."

I will leave the readjusting to you HAGD, I can hold my head high as I have stuck to my guns over the years.

Yes thats an increase of 35m shares.

Very positive sign and more shares moving from PI to II

I wonder if any of you have the liathroidi to see this to the end game

https://www.safestocks.co.uk/

"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"

wow, what an interview, the best ever.

few highlights for me

"There will not be 3 or for 4 main players, there will be one maybe two" (tone of voice emphasis on one)

The closing statement was an elevator pitch for a sale imo, rightmove seen putting a sign up in Canberra

"even with less than our historical win rate, the RFQ that we have on the table today multiply our auto business by 2 or 3 times, the real story here is whats's the value of that"

McDelivery