The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
There are images of the DMS eye gazing in one of the photos demonstrating in their car. Can’t quite make out but hoping this is SEE. Click link
https://www.linkedin.com/posts/steven-kiefer-43718a12_justdrive-nhtsa-highwaysafety-activity-7172266191573372929-axl2?utm_source=share&utm_medium=member_ios
They only got the nordics ! I think we might have South America
More interested to understand what the potential is for SEE with Shell.
Yes lots of competition but having won the contract & installed in 2400 vechicles already what is the opportunity of this ;
By end of 2024, we aim to complete the installation of AFDD devices in vehicles operated by Shell, including both contractor and Shell-owned vehicles.
Shell Aviation Safety ( Could be a customer once Collins finish integrating our tech ?
With over 100 years of innovation, Shell aviation is present in approximately 60 countries and provides fuel for almost two million aircraft each year. Shell Aviation’s customers range from the private pilot to the largest global airlines. Achieving and maintaining class-leading health, safety, security, environmental (HSSE) and product quality performance is our main priority.
Shell Aircraft, a separate organisation from Shell Aviation, focuses directly on the safety of the passengers who fly on business for Shell. We operate and charter planes, helicopters, and drones for tasks such as monitoring pipelines, conducting geophysical surveys and transporting passengers and equipment. Shell Aircraft develops specific contractor safety requirements and works directly with aviation regulators and industry groups to support aviation safety improvements across the oil and gas business.
In 2022, for Shell-operated ventures, our owned and contracted aircraft flew more than 35,000 hours and safely carried more than 266,000 Shell employees and contractors to destinations all over the world. In addition, remotely piloted aircraft safely completed close to 1,000 hours of survey and inspection flights.
Good find Terry …how many vechicles do we reckon?
Take Over - Code
Seeing Machines is not subject to the UK City Code on Takeovers and Mergers. As a company incorporated in Australia, Seeing Machines is governed by Australian Corporations legislation. The Australian Corporations Act 2001 provides that, in general terms, once a person controls more than 20 percent of the shares of an Australian public company, they must make a takeover offer. There are a number of exceptions to this general rule, set out in Chapter 6 of the Corporations Act.
I don’t think Lombard own 31% otherwise they would have to by right make a take over offer as over 20%.
This is very interesting, click on link & has some videos of their DMS. Very hard to know who has intergrated but know Magna & LG have worked together in the past.
What makes LG's ADAS Vision System so attractive?
It identifies all moving and stationary objects, both inside and outside your vehicle, ensuring the safest and most convenient drive possible.
We transform vehicles into safe, personal havens, offering a whole new paradigm beyond basic transportation.
Check out our awesome intro video about LG's ADAS Vision technology.
Learn more:
https://lnkd.in/gMxA9__e
Maybe Terry can tell us if we are in this one.
General Motors' Super Cruise advanced driver assistance tech is a gamechanger. Great story at Motor1.com highlighting how good the tech is.... while trailering! #iworkforgm
https://lnkd.in/g6XtmFf5
In the ‘The Times’ article
The next big thing will be in-cabin monitoring to detect whether the driver is distracted. Cameras will analyse drivers' eye and face movements to determine their attention levels.
An alarm will sound if the driver is distracted for more than 3.5 seconds at >30mph and above, and for six seconds below 30mph. This will apply across Europe to new car types from July 2024, and all new models from July 2026. Cars sold in the UK are expected to follow suit.
I don't know what will happen to the "black box" recording in the event of a crash- but would welcome any information from industry sources.
Matthew Avery Edmund V King OBE Mike Hawes
https://www.thetimes.co.uk/article/stop-making-dangerous-touchscreens-car-firms-told-xv3gmpdc6
Seeing Machines
This is one of the great unknown success stories to come out of the Australian National University. Its progress toward profitability offers fascinating insights into the consequences of years of R&D investment in a technology that was once ahead of its time.
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The company’s driver monitoring systems, which are used to combat fatigue and reduce car accidents, have been sold to a range of original equipment manufacturers (OEMs) which sell products to global carmakers including BMW and General Motors.
CEO Paul McGlone says the company is at an inflection point because the amount spent on R&D as a percentage of revenue will fall from about 60 per cent to 20 to 30 per cent as revenue surges. In other words, a plunging R&D ratio will be a positive sign.
Seeing Machines, which is listed on the AIM market in London, has forecast a doubling in revenue to $US125 million by 2026.
The critical aspect of that forecast is that revenue from royalties will rise about nine-fold to as much as $US68.75 million.
McGlone says the royalties, which come from long-term contracts with OEMs, have a profit margin of about 95 per cent.
It would not be surprising if the valuation of Seeing Machines cracks $1 billion in the next two years as the market re-rates the stock on the back of higher revenue and the arrival of cashflow break even.
https://www.afr.com/technology/what-investors-can-learn-from-analysing-r-and-d-spending-20240204-p5f2a9
SEE should be applying for this !
The Budget will contain an £800m package of technology reforms aimed at freeing up NHS and police time, the Treasury has announced
Our tech can most definitely free up police & traffic time.
https://www.bbc.co.uk/news/uk-politics-68459210
Nissan Motor Corporation is in advanced talks to invest in electric vehicle maker Fisker in a deal that could provide the Japanese automaker with access to an electric pickup truck while giving the struggling startup a financial lifeline.
Terms being discussed include Nissan investing more than $400 million in Fisker's truck platform and building Fisker's planned Alaska pickup starting in 2026 at one of its U.S. assembly plants.
Fisker said on Thursday, when it announced it might not be able to continue as a going concern and would cut 15% of its workforce, that it was in talks with a large automaker for a potential investment and joint development partnership. It did not name the automaker.
https://www.reuters.com/business/autos-transportation/nissan-fisker-advanced-talks-investment-partnership-sources-2024-03-01/?AutomotiveVentures
Poor marketing, poor investor awareness & poor execution by management.
Too many questions being asked & agree all can be answered with some uplifting KPIs but that is not the only answer.
We are an AIM stock & a lot of the companies on this exchange are reliant on investor support to move the share price.
We need some excitement to win new investors & keep existing investors onboard. Where are all the contracts they promised us ?
Agree Brock, we are having to guess at every turn whether we are in a model or not! So feckin frustrating. CB might be right but isn’t 100% certain.
This is definitely slowing down investor interest as without any proper clarification we are just guessing or p*sing in the wind at best!
All SEE have do is start announcing they are at SOP with the OEMs & maybe add some colour as to how many models will be in! They don’t even need to name them as we can then potentially work this out ourselves with a bit of detective work by Terry & co.
We have another two weeks without news so going to be a tough slog !
Can really do with Fisker surviving as a business, every little helps;
https://techcrunch.com/2024/02/29/fisker-layoffs-cash-going-concern-dealerships/
Fisker is laying off 15% of staff and says it needs more cash ahead of a ‘difficult year’
So Paul Mcglone & Martin Ive are going into another results presentation without any share price momentum & expecting investors to continue supporting their strategy?
Meanwhile SmartEye somehow miraculously keep winning contracts, avoid cash flow worries by investors & continue upstaging Seeing Machines.
This is a joke ..SmartEye releasing two more additional wins with existing OEMs.
SEE…doing nothing as usual ! PMG what are you doing mate ? This is embarrassing
Seeing Machines like to be all secretive as it really works well for our current share price !
PMG & Martin Ive will be getting a lot of heat if share price stays under water while their competitors value is rising ! They can resolve this very quickly by announcing some long awaited wins but will they ?
Probably not till after results day on 18th March.
GM expands Super Cruise network to rural roads
The latest expansion adds minor highways that typically connect smaller cities and townships, meaning drivers will soon be able to drive hands-free between more rural towns across the country.
The company expects this to excite Super Cruise customers, particularly those with compatible trailers who camp, boat, and use recreational vehicles.
Read the full news article here ➡️ https://hubs.ly/Q02mlK3w0