RE: RNS - Design expansion - German OEM23 Jul 2019 08:09
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has been selected by a major automotive Tier 1 supplier, to deliver its FOVIO driver monitoring platform into additional car models for an existing German OEM customer. The expanded deployment includes variants targeting European New Car Assessment Programme ("Euro NCAP") safety goals.
Euro NCAP is the European body responsible for vehicle safety ratings and testing. Its 2025 "Vision Zero" roadmap outlines the use of safety features including Driver Monitoring Systems (DMS), Automatic Emergency Braking, and Lane Keeping Assistance, to achieve advanced (4 or 5 star) safety ratings. This safety approach has been further substantiated by European Parliament direction which has called for mandatory installation of all three systems, in all new car models sold in Europe starting as soon as 2022.
The expanded engagement, scheduled for production from 2021, is expected to deliver incremental revenue between A$11m and A$30m.