Member Info for Seizetheday

Joner- they have the perfect opportunity to take photos of the stand we are at, photos of the next gen 3 DMS, video some footage or demos ! You would think they would have learnt from Magna on how to promote themselves !

Rather than investing in new PhD students maybe they should invest in their marketing dept & spread the word !

We are in Bluecruise - hardly mentioned even though Ford spouts out about it being first hands free in Uk ?

We are in supercruise- never gets mentioned

We will be in BMW & VW - never mentioned

Bonkers that a company that spend 10’s of thousands to go to Las Vegas with a team of 10 staff can not showcase our superior technology to the world ! Baffling beyond belief

Terry can you take over from the marketing team ?!

Who is actually in charge ? Is it worth an email stating the obvious or not, feel we miss opportunity after opportunity to promote ourselves.

We have 10 SEE staff attending & not even one post on LinkedIn promoting the company or the stand we are setting up !

Marketing Dept wake up why spend all that money & not promote the heck out of the event!

I’ve seen SmartEye who are not even presenting post more than we have !

Ultra Cruise is dead. But starting this quarter, General Motors will begin quarterly updates to the maps for the hands-free Super Cruise driver assist system. They'll be adding about 40,000 miles of new roads each quarter through 2025 until they get to over 750,000 miles of roads.

I still feel that supervised partially automated systems like this are problematic, but GM has done it better than any other system I've tried to date with geofencing, solid driver monitoring and features like predictive speed control from day one in 2017. According to GM, in 160M of hands-free driving, there has never been a crash attributed to the system. Let's hope that pattern continues. Guidehouse ES&I #adas

https://lnkd.in/gPj6NN9u

SEE have a big team showcasing GEN3 at Geotab !

Will we finally get a decent contract win ?

C’mon SEE let’s close some deals at Geotab 🤞

I can’t see how we are involved in this ..is it just saying seeing machines as general term for AI ?

Hands-free highway driving with Ford BlueCruise takes the work out of driving - not the fun! For me, it always makes driving less stressful and more enjoyable, whether I’m driving my kids to soccer tournaments on the weekends (which we do a lot of!) or as part of my daily commute. This is what makes it the perfect complement to the new 2025 #fordexplorer.

https://www.linkedin.com/posts/ashleylambrix_refreshed-ford-explorer-aims-at-millennials-activity-7162838295847137280-D56S?utm_source=share&utm_medium=member_desktop

Peel Hunt: Seeing Machines should break even

Artificial intelligence (AI) technology group Seeing Machines (SEE) is on track to break even in 2025, according to Peel Hunt.

Analyst Oliver Tipping reiterated his ‘buy’ recommendation and 12p target price on the driving monitoring specialist, which closed the week down 5.6% at 5p despite reporting an average first-half 2024 cash burn of $2.3m, down 23% versus the full-year 2023 exit rate.

‘The first half 2024 exit rate is likely to be lower still, keeping Seeing Machines on track to break even in full-year 2025,’ said Tipping.

‘Second-half 2024 working capital inflows of $5m give over 18 months of cash runway, even assuming a very conservative $1.5m a month cash burn rate.’

He said that management delivered a ‘heavier weighting in aftermarket last year and has better visibility over automobile contracts’.

‘Full-year 2024 is still expected to be in line with management’s expectations, and Seeing Machines remains on track to reach a breakeven run rate in full-year 202,’ Tipping said.

‘We believe management’s track record of delivering on a second half weighting stands in its favour, and expect it to do this again in full-year 2024.’

Let's SEE if the CEO or CFO buy more shares if they believe their own hype & give confidence back to us shareholders.

I think Colin should be contacted to help write our RNS’s as he sounds more excited about our future than the company itself.

I wonder what he meant about Magna, having a next generation design ( I’ll comment more after Magna have )

Surely it’s not the breathalyser innovation as we know about this already ?

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF), the artificial intelligence (AI) driver monitoring specialist, said it is on track for cash break-even in 2025 as it provided an update on first-half trading and predicted it will meet full-year expectations.

Underlying revenue for the six months ended 31 December 2023 was US$25.6 million, up 28%, while recurring sales were up 22% year-on-year to US$14.5 million.

Seeing Machines exited the period with US$22.2 million in the bank, while the receivables and inventory balance was US$31.1 million, with an expected working capital unwind of US$5-6 million in the second half.

Driving this growth was a 116% year-over-year increase in the number of cars on the road equipped with Seeing Machines' technology, now surpassing 1.5 million vehicles.

Operational milestones during the period included securing contracts to deliver its FOVIO Driver Monitoring System (DMS) technology to new and existing European OEMs, with initial lifetime values of US$30 million and US$15 million, respectively.

This new business contributed to Seeing Machines' portfolio of 17 automotive programmes with 11 individual OEM customers with a lifetime value of US$366 million.

In the update, Seeing Machines said it and Collins Aerospace have initiated the joint development of the world's first aviation fatigue detection solution - a first in the industry.

The company's aftermarket DMS, Guardian Generation 3, has been independently verified to meet the European Commission's General Safety Regulation requirements for drowsiness detection, set to come into effect in July 2024.

This product was launched at CES 2024, where Seeing Machines showcased its technology to a global audience, facilitating 35 meetings over three days with a diverse group of stakeholders, including technology partners, regulators and investors.

Chief executive Paul McGlone said: "Looking ahead, the growing industry demand for fatigue and distraction solutions to support enhanced transport safety, combined with our market leadership position, production pipeline, proprietary AI technology and balance sheet strength, leave us well positioned to meet FY2024 expectations and cash break even run rate during FY2025."

https://www.proactiveinvestors.co.uk/companies/news/1040495/seeing-machines-on-track-to-hit-cash-break-even-target-after-strong-half-1040495.html

Some positives :

we approach the start of production across a number of additional programs this year, including the largest volume program won to date.

So 1.5m without BMW, that has to be a positive ! Oh if only they mentioned the car manufacturer ;(

You’re not wrong ISB !

Very little volume or price action before tomorrow’s update so not expecting much which is frustrating! This stock has been a dog for over a year & literally dead money !

So if SEE deliver on their promises & turn cash flow positive by reducing their costs as stated we are in pole position to be No.1 !

Redeye ;

We believe the founding family would prefer a major savings program and risk losing its market lead over going through another highly dilutive equity financing.

Rana probably selling her stock, knows what’s coming.

More evidence straight from SEE :

Seeing Machines’ #FOVIO Chip has hit the road as #Ford models with #BlueCruise start production around the world. #Safe assisted driving is the only way to support Vision Zero and we are proud to see our #drivermonitoringsystem technology underpin this #innovation across auto.

https://www.linkedin.com/posts/seeingmachines_fovio-ford-bluecruise-activity-7057216818439983104-z_Na?utm_source=share&utm_medium=member_ios

From safestocks;

Ford is rightly proud of the vehicle and its safety record. Indeed, the company boasts that during the 2 years BlueCruise has been available in the US its 200,000 users have covered 100m miles without incident.

What Ford isn’t shouting about is that it is Seeing Machines DMS that is the reason there haven’t been any incidents, as it ensures the driver’s eyes are on the road before, during and after BlueCruise is engaged.

https://www.safestocks.co.uk/2023/07/09/seeing-machines-dms-ensures-ford-bluecruise-is-super-safe/

Yes Terry, but is this still SEE technology?

SmartEye saying they are also in some Ford/GM models/becoming a tier 1 supplier ?

Just wish SEE would announce all these potential increases in volume if they are installing new models ?

Yes but is this still SEE technology?

SmartEye saying they are also in some Ford/GM models/becoming a tier 1 supplier ?

Just wish SEE would announce all these potential increases in volume if they are installing new models ?