Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
As long term investors we’ve all been passengers on a long journey which has seen numerous twists and turns in strategy along the way as the company has had deal with quite frankly an uncertain landscape in the development of a new industry. i think it’s fair to say SEE have successfully now inserted themselves at the forefront in order to influence direction themselves. in tge beginning we were most definately hardware driven with a complex and unreliable supply chain. Dial forward to 2023 and we have succcessfully transformed ourselves into a software driven AI business with proprietary IP. we’ve achieved that in parallel with an ever changing transport sector where safety has shuffled itself rightly to the top in terms of needs. The new legislation to ensure that gets baked in to the design processes has been assisted by the incredible intelligence we have developed and amassed over many years. For a very good reason tge company posted its video interview between PNG and NDF again this week to highlighted that we are at that inflexion point where we will work with fewer more strategic Tier 1s as tge new legislation kicks in in 2024. It’s becoming more clearer to the company know what’s coming and it’s big. Frustrating in the short term yes but we’ve all waited this long and it’s starting to feel the carefully positioned strategy is about to pay off
Interesting post fin nvtltd on ADVFN. There had been lack of clarity whether the $720m was a gross value in which we wound warm royalties but it appears clear now that $720m is what will drop into our P& L at a minimum over the next 20 years. $35m pa must be currently worth at least 5p on the share price assuming our current sales level !!
“I had a response from IR to confirm that the $720 million TAM for commercial aircraft and simulators over 20 years is Seeing Machines share of the revenue.
As Pat said they now think the market and therefore the potential revenue is much greater than that given that figure didn't include rotary aircraft, space, airports and consoles etc.”
And another - BMW and Qualcomm
https://twitter.com/qualcomm/status/1660761321145528321?s=46&t=4iTTGsTkdFoiL-buaEhdWQ
Guys, for all the long term holders here I think we are all having to get used to the idea that this is taking much longer than we’d all hoped for many reasons. The main ones for me are OEM procrastination on exactly what they are prepared to pay for and how to maximise what they can create from their ‘tech stacks’ at the lowest affordable price. The other piece is the frustrating wait for much of the spoils to flow through into the financials because of 2/3 take up times creating uncertainty with not only shareholders but also the markets who want to understand the exact financial implications of quite frankly a ‘mafia like secrecy’ around the numbers. The ‘imminent’ Aviation contract might now be out but what are the true royalties and from when will they accrue. Now someone is suggesting they will exceed Auto revenues. None of us has any real clue as to how much and when so no surprises the SP is sluggish. The old adage ‘buy on the rumour - sell on the news’ seems not to apply to this share being constantly dampened down by factors outside of the Company’s control. With a couple of major announcements not impacting the SP dial at all only a ‘mega multi hundred million’ contract might shift things up but my fear is that we are still 18 months to 2 years away from seeing this start to flow through. Im not sorry for getting in too early as I’d never have accumulated the magnitude of shares I have but we are just going to have to wait a little longer!
That would be a huge issue for me and I too was surprised when I read it. I mean lots of uncertainty already around whether a market of $700m is the gross on which we earn royalties or the absolute income but either way if we have to share with Collins 50-50 at best case taste only $17-20m pa. Auto has to be way more than that - the numbers don’t stack up but as usual SEE being frugal with the info.
Yes this DMS feature was introduced 2 years ago in 2021 but never switched on. I think at the time there was some hopeful speculation it was ours …
https://www.notateslaapp.com/news/495/tesla-adds-driver-monitoring-system-dms-to-model-3-and-model-y-cars-with-a-cabin-camera
MF - in a word NO - you clearly don’t understand the company’s prospects which will be evident to all from the end of this year. We may be someway off being a multi- billion dollar company but we are worth somewhat more than 17p!!
Terry -everything I’m reading indicates Mobileye are putting a lot of store into their Supervision product as they too see ‘hands off eyes on’ as being key to their strategy and a strong nod and recognition to the fact that we are some way off full autonomy. With that in mind Mobileye have stressed and have indicated on the slides they used to present this at CES23 that a DMS is vital to make it work. Ever the optimist I’m hopeful SEE are working with them on this given clearly our relationship although as we all know they have stated their intention is to develop their own but in this crazy world of NDAs for all we know that could actually be us doing it for them - a great ally to have and a possible future suitor I really hope we are in there somewhere !!
Ever since our own recent announcement with Mobileye, I’ve been hopeful SEE would be considered part of their solution for ‘hands off - eyes on’ features. They went on to confirm that DMS was a requirement for this to work despite potentially going on to develop their own. VW Commercial is even more interesting given our stated aftermarket agreement with them - let’s hope !!
https://stocks.apple.com/AWXB4ep5-QnKxS4cBp2u7GQ
More in the $350-400m range than yesterdays $2bn
https://stocks.apple.com/AMA-XIQDIRL-1InQ4_YKgWg
I particularly liked this piece referring to the Japanese Air Force- ‘The JASDF study was a watershed moment demonstrating the validity of applying these new types of training capabilities,” said Perey. “Regardless of the level of experience and proficiency, and with just one hour of training on the device with an AI coach, students were able to significantly improve their performance.”
https://www.halldale.com/articles/21119-mst-cae-using-innovation-to-transform-pilot-training
Yes but the RNS was 3 years ago, other than speculation the last direct communication on this was about 18 months ago, CES 22 had our logo on their slides but they chose to remove any reference to SEE being part of Snapdragon Ride in CES 23 - there is constant lack of clarity as to how they will announce it when an OEM wants to include SEE tech in their own specific stack and as yet we have had no new Qualcomm driven contracts announced - as 2024 hurtles towards us I’d love a chunk of our Auto volume increase to come from Qualcomm but this lack of concrete contract information only adds to mine and all our frustrations as we yearn for actual news!!