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Is this with SEE ??
Valeo has been awarded for the 2.5 MPix Interior Monitoring System camera 🏆
Located in the dome module, this wide field of view camera delivers IR and RGB images enabling occupant monitoring and video streaming /selfie. 🎦
Proud of this achievement! 👏
https://www.linkedin.com/posts/emilie-pierre-6b333016_valeo-activity-7176593595645239298-BAR4?utm_source=share&utm_medium=member_ios
Pumping the help out of their latest win on LinkedIn.
Just wondering how they are going to afford to keep up with the technology updates & advancements required to act as a Tier 1 provider ?
Be interesting to see their next management update as something has to give.
Even the most hardened investors are feeling it at the moment!
We have a wave of AI innovative & any company in this space is riding the wave except little old us ! Everything SEE states has little or no impact to the share price, but surely it’s a matter of time.
SmartEye say they’ve are aiming for 40% & SEE states 40% although the past videos stating anything up to 50% was pure fantasy.
Patience is a virtue & in the case of SEE essential, even though it’s driving us all nuts at the same time.
PMG & Martin need to deliver & fast
We find it interesting that the main competitor, Seeing Machines, has not pulled off something similar (yet), although it should be well-positioned to do so.
https://www.redeye.se/research/991607/smart-eye-ais-order-and-comments-on-gsr
Even when the road gets rough, #teamvanhool keeps the wheels turning. 💙🤝 #VanHoolDelivers
A few recent deliveries to satisfied 🇦🇹Austrian, 🇳🇱Dutch, and 🇩🇪German customers, and still more coming. Edtbrustner Reisen • Touringcarbedrijf Boosten • #EWSOmnibusse • #VanHool #LeadingTheWay
Are we really getting our teeth kicked in by Smart Eye ?
I feel they have some momentum building as they have continued their run of contract wins with today’s announcement. The marketing team & even the CEO Martin is vocalising how good the tech is all over Linkedin.l & very bullish about their prospects.
Meanwhile SEE is not being heard ?! Why is that, I think the marketing & comms team really need to pull their sleeves up & get SEE noticed to the wider world. SEE have announced they work with Bluecruise, Supercruise, GM & BMW. Where is the strategy to align ourselves with these major brands ?
If it was just based on who is the best marketeer, SM are streaks ahead of us. Lots of work needs to be done it this area quickly by management.
Frustrating ..
I even sensed PMG was feeling uncomfortable with all the questions about Smart eye announcing more contract wins than us & now they announce another ! Jeez another kick in the guts ..
When will we catch a break ..we most be close surely.
Nice digging Nathan 👍
Strange why was this in today's trading ?
18-Mar-24 16:19:07 5.13513 4,673,948 Unknown* 5.02 5.08 240.01k O
18-Mar-24 16:19:07 5.1304 -4,673,948 Unknown* 5.02 5.08 -239.79k O
19-Mar-24 16:01:51 5.0728 11,300 Buy* 5.02 5.08 573.23 O
19-Mar-24 16:01:02 5.0728 19 Buy* 5.02 5.08 0.96 O
18-Mar-24 16:19:07 5.13513 4,673,948 Unknown* 5.02 5.08 240.01k O
18-Mar-24 16:19:07 5.1304 -4,673,948 Unknown* 5.02 5.08 -239.79k O
19-Mar-24 15:34:51 5.0789 393,668 Buy* 5.02 5.08 19.99k
Asked chatgpt, makes a lot of sense !
Completion of the first milestone product in May 2024: This milestone indicates that the company is making progress on its contractual obligations with Collins Aerospace. The successful completion of this milestone product by May 2024 signifies that the company is meeting its deadlines and commitments.
Blue Label product: The reference to a Blue Label product suggests that the milestone achieved in May 2024 is related to a specific product category or specification outlined in the Collins contract. This could be a particular type of aircraft component, system, or service.
Production of Red Label product through FY’25: Following the completion of the initial milestone, the company plans to proceed with the production of a Red Label product throughout the fiscal year 2025. The Red Label product likely represents a subsequent phase or iteration of the project outlined in the Collins contract, possibly with expanded scope or complexity.
In summary, the paragraph indicates that the company has experienced significant revenue growth in the aviation sector, largely attributed to a contract with Collins Aerospace. The recognition of NRE revenue suggests that initial engineering work for the contract is underway. The mention of milestone products and label distinctions outlines the progression of the project, with a specific focus on meeting deadlines and advancing to subsequent phases of production.
Thx Aaron
Every little helps I guess but need a rocket ship to move out share price at the moment.
Thanks Schlemiel,
There is a paywall so wondering if anyone can post full article?
Big one near the end 4,673,348 !
Do we get paid once they are sold or when they are produced?
Hi Escovido can you share the stifel report ?
My guess is that some of the directors are going to load up now that results have been announced.
Martin Ive & Lombard probably first but let’s see. Would be a huge vote of confidence if they did.
Interestingly PMG needs the share price to hit 12p for the first reward so a long way to go but that can happen very quickly if a few contracts kick in.
To date, the majority of Seeing Machines' revenue generated by passenger vehicle production royalties has been driven by optional Level 2/3 (partial driving automation) 'hands off, eyes on' driving systems (leveraging Seeing Machines' DMS on more than 30 car and truck models across Europe and the US). These systems include General Motor's Super Cruise, Ford's Blue Cruise, Daimler's Drive Pilot, BMW's Highway Assistant and others that the Company is not yet permitted to disclose.
Sandy best post I read for a while.
I too have been critical of SEE & somewhat emotionally charged by the poor share price. We are all human & this by nature influences our decision making.
This has now become a ‘show me stock’ & only real credible evidence of a path to profitability plus a statement that contracts are or will be signed will move the share price.Nothing else matters it seems.
This year has to be the inflection point as the looming EU regulatory DMS requirements are close, so we will either win the lions share or lose by July 2024.
It’s definitely hotting up in this space & just hope we have played our hand better than the others. I think we have a strong No1 & No.2 but it’s now time for them to perform.
The Altano TDX21 is also equipped with National Express’ unrivalled onboard safety and security technology, including Guardian’s Seeing Machines fatigue monitoring system which monitors drivers focus on the road, Lytx DriveCam to help maintain driver performance and Alcolock, which will not allow the coach engine to start until the driver has passed an alcohol breathalyser test.
https://www.busandcoachbuyer.com/first-glimpse-van-hools-entering-service-with-national-express/