Seeing Machines face tracking technology builds traction in multiple areas7 Sep 2020 15:17
How it is doing In early September, Seeing Machines unveiled a new three-pillar embedded product strategy for the automotive market targeting what it said is the “rapidly expanding camera-based interior monitoring market”. The first pillar involves the company’s FOVIO Chip being newly enhanced with its Occula Neural Processing Unit, while the second strand is a “low-friction integration pathway into any vehicle integration point” including smart mirrors, instrument clusters, infotainment displays or centralised processing systems. The final pillar will see the company make Occula available for license as an application-specific integrated circuit (ASIC) to semiconductor companies for integration with any automotive computing platform. This followed a bullish trading update in August, which saw the firm's revenue, profit and cash all come in ahead of target for the year to end-June, 2020. Annual revenue is expected to be A$39.7mln, versus guidance of A$36.6mln and up around 24% on the previous year in spite of the challenges of the coronavirus (COVID-19) pandemic on its core markets, while total income is expected to be A$42.6mln, up 30% on the previous period, the provider of driver monitoring systems said in a trading statement. The company's Guardian technology platform was also connected to 23,415 vehicles globally by the end of June, a 46% increase over the year. Seeing Machines’ net cash position was A$38.7mln at year-end, which was 22% above guidance.
https://www.onenewspage.com/n/Business/1zltph7mfs/Seeing-Machines-face-tracking-technology-builds-traction-in.htm
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