Member Info for terrym

Peel Hunt's take

Peel Hunt's note underscores the company's continued momentum in both the Automotive and Aftermarket divisions. The brokerage firm particularly emphasises the potential for profitability by FY26. Despite the company's achievements and the promising outlook, Seeing Machines' share price has remained stagnant over the past year. Peel Hunt views this as a golden opportunity for investors, especially given the recent insider buying.

Great that theres a Proactive interview :)

Doesnt say a time though?

THE BMW GROUP SUSTAINABILITY STRATEGY RESTS ON THESE SIX PILLARS.

Every second car from the BMW Group will be a BEV from 2030 onwards.

2. Electrification. The demand for fully electric models is rising exponentially. The BMW Group is driving the electrification of the entire fleet forward systematically. The road map is as follows: by 2030 at least every second vehicle will be fully electric. This year, the BMW Group will already have manufactured twice as many vehicles in this segment as in 2021. MINI and Rolls-Royce will offer only fully electric vehicles from the early 2030s onwards.

By 2023, the BMW Group will offer its customers 13 fully electric models. “For us, sustainability means much more than just building and selling electric vehicles,” says Thomas Becker, Head of Sustainability and Urban Mobility at the BMW Group. “The bottom line is that only a comprehensive approach to sustainability, from resources to recycling, will actually reduce CO2 emissions.”

https://www.bmwgroup.com/en/news/general/2022/Sustainability360.html?tl=soc-link-neuk-brnd-mn-iadn-vpos-videoabc-22.08.2023-bproadul-8f18abe3e070

Auto will start to fly next TPI as BMW started in July.

BMW Operating System 8.5 and BMW Operating System 9 lay the foundations.

The new BMW iDrive with QuickSelect is a further development of the BMW Operating System 8 fitted in current BMW models with BMW Curved Display, and is based on the latest-generation infotainment head units, which is also responsible for graphic processing.

The new BMW Operating System 8.5 will be introduced gradually in the following models beginning with July 2023 production:

BMW 7 Series

BMW iX

BMW i4

BMW X5

BMW X6

BMW X7

BMW XM

It will continue to be based on Linux and will be combined with the largest version of the BMW Curved Display.

The new BMW Operating System 9, based on Android Open Source Project software, will appear in the compact class first in the new BMW X1, beginning with November 2023 production.

Its in the RNS

$4.3 million above Cenkos forecast of $53.5m

Fleet same growth on qtr

Auto same growth on qtr

Not quite safestocks $60m estimate but pretty close.

BMW has launched its all-electric i5, a game-changer in luxury electric vehicles, integrating their latest OS 8.5 technology after six years of meticulous testing.

After six years of rigorous testing, the i5 represents BMW's commitment to delivering a blend of best-in-class technology and dynamic performance. With its sleek and sporty appearance, the i5 retains BMW's iconic business look that has become synonymous with the brand.

The 5 Series, BMW's second best-selling model after the 3 Series, distinguishes itself with its slightly larger size. As electric vehicles (EVs) gain popularity, luxury car manufacturers diversify their offerings to cater to the growing demand. Gone are the days when EVs were perceived as weak or unattractive, thanks to pioneering electric luxury brands like Tesla.

The luxury car market is experiencing a notable shift of interest toward electric vehicles, particularly with the allure of high-performance capabilities. Overcoming previous skepticism, EVs now demonstrate their ability to compete with traditional combustion engines.

Besides other prestigious automakers such as Mercedes-Benz and Audi, BMW is embracing the wave of EVs. Industry projections show that EVs are set to make up a staggering 60% of the luxury vehicle market by 2030. BMW's executives are optimistic that the i5 will make a welcome addition to their lineup.

BMW CEO Oliver Zipse expressed his excitement about the i5 launch, emphasizing that it will give the brand a unique selling point. The company anticipates a remarkable 40% surge in EV production in the coming year.

https://www.econotimes.com/BMW-Announces-All-Electric-5-Series-The-Future-of-Luxury-Sedans-1661366

(Bloomberg) -- BMW AG is stepping up spending on its electric-car rollout after the luxury-car maker’s battery-vehicle deliveries more than doubled during the first half of the year.

The level of buyer interest in EVs means BMW is “investing more than originally planned in the global ramp-up of e-mobility,” Chief Financial Officer Walter Mertl said Thursday, adding that investments in batteries for the current and next generation of EVs are “massive.”

During the second quarter, development spending jumped by nearly a fifth to €1.84 billion ($2 billion).

Battery-powered car sales made up about 13% of group deliveries during the first half led by demand for models like the i4 sedan and iX3 SUV. Next year, the proportion of EV deliveries is set to rise to at least one-fifth, BMW said.

Incumbent carmakers are battling to catch up to Tesla Inc., which is pulling away in the global EV sales race following aggressive price cuts. In China, the most important market for Germany’s Volkswagen, BMW and Mercedes-Benz, local manufacturers like BYD Co. are increasingly dominating in EV sales.

https://www.bnnbloomberg.ca/bmw-raises-outlook-for-vehicle-deliveries-on-strong-ev-demand-1.1954309

Cadillac's Super Cruise stands out as a strong contender in the autonomous driving landscape, redefining how we interact with self-driving technology.

Super Cruise uses advanced sensing technologies, including LiDAR, to prioritize safety and accurately detect obstacles and other vehicles.

Super Cruise strikes a balance between driver engagement and assistance, ensuring the driver remains attentive and actively participates in the driving process for enhanced safety and trust.

The automotive industry has been recently transformed into a battleground of innovation. Autonomous driving technology and advanced driver assist systems have been at the forefront of this skirmish. Two titans of the industry currently stand out in this dynamic landscape. Cadillac's Super Cruise and Tesla's Autopilot and Full Self-Driving (FSD) systems appear to be pushing the boundaries of autonomous driving, but one of these systems is more advanced. Cadillac's Super Cruise quietly emerged as a strong contender that redefines the way we perceive and interact with autonomous driving. Tesla has admittedly dominated headlines with its futuristic approach, but fundamental flaws have been uncovered in its technology.

General Motors’ motto for Cadillac's self-driving Super Cruise technology is “Unburdened Hands, Focused Gaze.” This autonomous system is found on Cadillac products as well as cars from Chevrolet, GMC, and Buick. GM's semi-autonomous technology operates by amalgamating information from its standard array of cameras and LiDAR sensors with mapping data. The vehicle acquires foresight into upcoming road conditions utilizing GPS mapping, while the cameras and sensors provide a real-time understanding of its immediate surroundings. Super Cruise uses satellite navigation, cruise control, and lane-keeping systems to skillfully manage the steering system with little to no intervention from the driver.

What sets Super Cruise apart from FSD is its reduced frequency of prompting the driver to resume control compared to alternative systems. This action is only triggered when the system loses sight of lane markings or detects an impending hazard. Cadillac fitted the Super Cruise option to the Lyriq, Escalade, XT6, CT4, CT5, and CT6 between 2018 and 2023. This option has temporarily been put on ice until General Motors recovers from the semiconductor shortage experienced due to lockdown measures implemented to help curb the spread of COVID-19. These cars can be fitted with a catalog of advanced driver assist systems, but the autonomous driving feature remains delisted on its configurator. When available, Cadillac's Super Cruise cost a flat fee of $2,500 or a monthly subscription fee of $25. Interestingly, GM currently offers the feature for some Chevrolet products. Cadillac has hinted that a variation of Super Cruise will be introduced to upcoming models, but no confirmed date has been provided.

https://www.topspeed.com/cadillac-super-cruise-better-than-tes

Don’t know what shorts game is but short time reading their stuff.

Welcome to the land of green blob

Ford sees revenue from in-car software services, like its hands-free driving feature, surging by 1000% over the next few years.

To harness that growth, the automaker on Monday said it hired Peter Stern, the former vice-president of services for Apple, to run a newly created technology-focused unit. Stern is tasked with growing Ford's BlueCruise hands-free driving system, as well as developing other in-car services to sell to millions of owners.

Chief executive officer Jim Farley is aiming to create a continuing revenue stream from software services that will smooth out the boom-and-bust cycles in the car business. Ford already has a half-million software subscribers, mostly in its commercial fleet business, Farley said on a call with reporters.

https://www.thepress.co.nz/a/motoring/350057643/ford-ceo-predicts-1000-growth-car-software-services

Wonder what the more exciting news coming soon is?

ICYMI - Here is the segment I recorded with BBC Morning Live when we launched our hands-free driving system, BlueCruise, for GB roads a few months ago - making Ford the first manufacturer anywhere in Europe offering hands-free driving at motorway speeds. It was really interesting to see behind the scenes recording for national TV.

More exciting BlueCruise news coming!

https://www.linkedin.com/posts/alex-w-975b51173_bluecruise-ford-technology-activity-7098943517355307008-vKkZ?utm_source=share&utm_medium=member_ios

Great work S2020

If you’re right and all the other brokers are all wrong I will start a petition to ask the board to replace the brokers with you lol

Out of all of them Panmure has the highest at $56.7m with a $13.2m loss so your $61-71m forecast would be most welcome.

Prob 1/3rd on the list with SEE

The auto industry is undergoing a paradigm shift due to the carbon neutrality goals in North America, Europe, and China, and top automakers are preparing a massive ZEV onslaught to bring down their average emissions. 2024 will likely be the year with the highest number of new electric car unveils and launches. 40+ new EV models are either debuting or launching for customers, and unsurprisingly most are SUVs. Many of the new 2024 electric car models will be vehicles designed from the outset to run solely on electric power.

Below we have listed many EVs that have been unveiled recently as either they haven’t been shown in regional specifications (launched only in the home or limited markets) or they aren’t physically available yet in most countries. Detailed information on these upcoming electric cars or electric pickup truck models can be found in the links placed in the descriptions.

https://topelectricsuv.com/featured/upcoming-electric-cars-2022-2023/

From April 13th article so hoping some of this growth shows in the end year stats?

Chief executive of driver safety tech-business AutoSense, Charles Dawson, is the Kiwi distributor of the Guardian technology, which costs about $120 a month to maintain in a truck cabin.

Dawson estimated there would be a three-fold jump from the existing 1300 units in the coming months, which he admitted was "not yet a big percentage" of the 160,000 trucks on New Zealand roads.

"Like any new product it does take some time to educate. The transport industry are reasonably skeptical of new things," he said.

https://www.nzherald.co.nz/nz/driver-fatigue-monitoring-cameras-to-be-installed-in-4000-kiwi-trucks-by-years-end/XX5QZS474TK53IE2LUQNRO4M4I/

Bold claims

How does AIS Compare to Other Driver Monitoring Systems (DMS)?

1. AIS Makes Smart Eye’s World Leading DMS Accessible for All Vehicles

Smart Eye has developed the world’s leading DMS software – already chosen by 19 car manufacturers for 217 vehicles and implemented in more than 1 million vehicles on roads around the world today. AIS uses the same AI-based algorithms, made to satisfy the high quality demands of automotive OEMs and building on over two decades of industry experience to deliver a product that promises precision and reliability. Year in and year out.

2. Automotive Compliant, Swedish-Developed Hardware

AIS unites our leading software with automotive-qualified hardware – developed in-house to work perfectly with our AI algorithms. The system is designed in Sweden, where a long tradition of innovation and commitment to automotive safety has influenced everything from the stellar quality to the minimalist design of the system.

3. Technology that Adheres to Euro NCAP and GSR Standards

AIS is compliant with the EU’s new General Safety Regulation (GSR) and the European New Car Assessment Programme (Euro NCAP) rating requirements, future-proofing vehicles for years to come. To learn more about these regulations, take a closer look at our blog series on the GSR and our eBook on Euro NCAP.

4. Self-Calibration Enables Fast and Easy Installation

Unlike other highly accurate solutions on the market, AIS is designed for easy use and smooth installation – making advanced DMS more accessible than ever before. Thanks to its intelligent dynamic self-calibration method, the system can easily be up and running in just a few minutes. Once the system is installed in your vehicle, it automatically calibrates the camera, requiring no effort from the user. This fast and automatic self-calibration allows the system to be installed in different vehicle types and adjusted based on different driving positions, and still be ready to use almost instantly.

https://smarteye.se/blog/7-factors-that-distinguish-smart-eyes-ais-from-other-driver-monitoring-systems-dms/?utm_source=rss&utm_medium=rss&utm_campaign=7-factors-that-distinguish-smart-eyes-ais-from-other-driver-monitoring-systems-dms

Short

Theres over 1 million cars running around and over 50,000 trucks with SEE in.

How many accidents do you hear about?

I think the engineers maybe test stuff before letting vehicles use it.

Short

https://www.magna.com/products/power-vision/mirrors

Cant SEE the TPIs being really amazing as only to the end of June but we know by end of April they added another 1000 Fleet units to hit the 50,000 milestone . Paul said recently next milestone is 150k so he must know whats coming up. May + June will show a nice ramp up Iam sure in Fleet & Auto. The real ramp up will be 1st FY QTR & we wont see them figures until November.

We could do with some good forecasts on numbers in Both divisions going forward, a date for profitability, a launch date for Gen 3 and something positive in Aviation.

If Carlsberg were making end of Year round ups then a nice Aviation RNS on Monday be nice though.

Roll on next Week though.....

Role Description

Seeing Machines is a world leader in safety technology. As the world continues to face the impacts of road and traffic accidents and the emergence of automated vehicle technology, we exist to enhance safety with camera-based driver monitoring technology. We work with some of the world's biggest brands in the Transport industry.

We are seeking a Field Quality and Service Manager, based in Dallas, who will be primarily responsible for generating and maintaining Certified Technicians to service the needs of the US region.

About the opportunity

The Aftermarket team is a key to the overall success of Seeing Machines. The Field Quality and Service Manager is responsible for ensuring there are sufficient Installers to complete new system installations, advise our 24/7 Support Team managing fault finding in the field and conduct quality assurance of installations. The Field Quality and Service Manager is also responsible for designing and delivering Technical Training and being the Subject Matter Expert on field issues for the Operations Team.