RE: I think26 Jun 2019 13:04
Baxter
What was said is key. 6 quotes out and majority decisions anticipated by end June. I think weve only had 1 or 2 since Jan so yes its behind on decisions atm. If we get 2 in the next week it would be great. But things take longer than anticipated sometimes.
Iam waiting for contracts in Dubai that should of been signed of 2 months ago and are still faffing. We dont know here if they are signed already due to NDAs? That could be the case aswell.
We also have the news on who the other Tier 1 is. Once again covered by NDAs no doubt.
In addition, Seeing Machines continues to respond to RFQs (request for quote) across North America, Europe and Asia, with a number of the Group's submissions being presented via multiple Tier 1 partners. Seeing Machines is currently engaged in six submitted proposals (representing total additional revenue potential of approximately A$140 million) with OEM sourcing decisions on the majority of these programs anticipated before the end of FY2019. The Group expects to be active in an additional three to four market RFQs to be issued within the current fiscal half. One of these opportunities is with an existing awarded Tier 1 and OEM to expand Seeing Machines' DMS offering to nine additional vehicle models with start of production in 2021.
Seeing Machines has recently finalised an additional collaboration agreement with one of the largest global Tier 1 automotive parts suppliers, paving the way for more in-depth technology sharing and collaboration toward additional OEM design wins, and demonstrating continued, successful growth of Tier 1 collaborations across the industry.