Member Info for Seeing-2020

Red, agree with all you say, also this video was 2 weeks before year-end and he stated "it looks like we are going to have a very good Q4 in Fleet"

https://www.proactiveinvestors.co.uk/companies/news/952249/seeing-machines-ceo-talks-commercial-aviation-deal-for-australian-defence-customer-952249.html

This is an interesting extract from the Q&A.

"Also, we're starting to see digital ****pit becoming more material in the revenue, which is really a much richer silicon opportunity for us as we look at the dashboard, the infotainment, rear seat entertainment, heads-up display, smart mirrors, smart side view mirrors and so forth. And there is a complete redesign of the in-car experience. I will argue today, Qualcomm is now winning the absolute majority of premium tier car RFPs. We are engaged with 23 of the 26 brands. Highly differentiated in the space also because we can take a system approach connecting all those different systems together. You should start thinking about our automotive business as there are going to be a digital chassis, then an automotive company will have to build and we are differentiated because we have capabilities across multiple domains, and it's starting to reflect in the magnitude of our contracted pipeline."

The auto headline was 83% YoY growth

Soul, its on the Seeing Machines website, Tuesday 3rd August for Trading Update

https://techcrunch.com/2021/07/28/ford-f-150-lightning-electric-pickup-reservations-surpass-120000/

"Ford released Wednesday its second quarter earnings for 2021, which besides containing a surprise profit despite the ongoing chip shortage, revealed that its F-150 Lightning electric pickup has generated 120,000 preorders since its unveiling in May. Ford reported revenue of $26.8 billion, slightly below expectations, and net income of $561 million in the second quarter."

"The F-150 Lightning comes with a lot of upgrades that make it attractive to Ford newcomers willing to pay more than the $40,000 base price. It’s got the same torque and power as its gas counterpart, plus a hands-free ADAS BlueCruise system, a comprehensive infotainment unit and enough battery capacity to power your whole house in the event of an outage."

"According to the earnings report, the combined U.S. customer-sold retail order bank for the electric Mustang Mach-E and other Ford vehicles was seven times larger than at the same point last year. With demand increasing, Farley said the business is “spring loaded” for a rebound when semiconductor supplies stabilize."

Great set of results out from Qualcomm

https://www.sandiegouniontribune.com/business/technology/story/2021-07-28/qualcomm-capitalizes-on-global-5g-wave-to-post-better-than-expected-financial-results?_amp=true

"The pipeline continues to grow. In automotive, Qualcomm’s backlog of orders has reached $10 billion, with an annual revenue run rate of sales to car makers of $1 billion as of the June quarter."

Its a bit rich GM talking of name confusion, they bought a company called Cruise and created a product called Supercruise which has nothing to do with the 'Cruise' they bought.

BlueSEE
Or
SEEINGblue

Super article

"The combination of Magna and Veoneer also brings together two Tier One suppliers working on the development of driver monitoring systems using software provided by Seeing Machines. This sets up an duel between Aptiv/Smart Eye/Affectiva and Magna/Veoneer/Seeing Machines for human-machine interaction that will be fascinating to watch as the importance of driver monitoring technology becomes apparent to all in the years ahead.

There’s another obvious reason for Magna to buy Veoneer: Apple."

Seems that F150 DMS deal is worth an acquisition

https://www.bloomberg.com/news/articles/2021-07-23/magna-buys-driver-assistance-supplier-veoneer-for-3-8-billion

Magna investors will “struggle with the rationale” of the deal in the short term, Chris McNally, an analyst at Evercore ISI, said in a note, citing possible challenges with integrating certain technology and Veoneer’s recent cash burn. On the plus side, Veoneer’s radar, thermal and driver-monitoring system businesses are “of high-quality and truly complimentary” to Magna’s product offerings.

Not in my view, they started with the steering wheel sensors and then added DMS, the way they talk about DMS it's clear how important it is.

I am calling Toyota on the back of this interview, listen from 18n mins and form your own view.

http://static1.squarespace.com/static/580913e6d482e9d2da296701/t/60f6ec9269f64e3826ff319e/1626795215726/Autonocast-230.mp3/original/Autonocast-230.mp3

Its not new, November 2020 they announced working together on this and yesterday announced the outcome of that work, nothing new

Clever, witty, insightful

Thats the reality of dealing with large OEM's, I suspect we have been dealing with Toyota for many years and its getting closer for sure.

If I was about to put a technology in 10 million cars per annum I would do lots of due diligence and testing, this level of detail helps us as we know our tech works in realworld situations and our vehicles on the road is growing everyday

It's probably at "interim purchase order" stage, it will be announced when the contract is signed

I agree this a positive move, it has already improved liquidity and we can test that ourselves with dummy trades and getting a price to sell at much higher volume, this a sign of the company growing up and one would expect strong newsflow in next weeks and months to justify the move.

https://recruitingapp-5052.de.umantis.com/Vacancies/2243/Description/2

Managing the test domain as part of a team that works on software modules for camera-based interior sensing

Developing and evolving test strategies for Driver Monitoring, Occupant Sensing and Cabin Monitoring

I like this bit in the Cloud role

Essential - experience of silver linings

DT, I expect they will provide that number as they did for the H1 results, first 6 months was 31k, I would expect an increase for Jan-June period but not as high as your numbers