Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The full TIMES article. Although not very exciting:
Seeing Machines’ dashcam revenue is in the fast lane
Lara Wildenberg
Tuesday October 17 2023, 12.01am, The Times
Technology
An AI dashcam start-up that monitors drivers’ attention to prevent accidents says its sales growth this year has been better than expected.
Revenue at Seeing Machines rose by 48 per cent to $57.8 million, up from $38.7 million in 2022, as a result of vehicle safety regulations in Europe.
The company uses artificial intelligence cameras in a vehicle’s rear-view mirror to track fatigue and distraction levels through eye movements, head position and hand placement. It has installed its technology in more than a million vehicles and supplies technology to manufacturers including Ford and Mercedes-Benz. It also deploys its systems to fleet vehicles such as commercial lorries, sending footage to a supervisor if a driver needs to pull over and rest.
Launched in Canberra, Australia, in 2000, Seeing Machines expects to break even in 2025, with revenues reaching $125 million a year later.
Year-end results yesterday attributed the revenue growth to accelerating “regulatory momentum” as the compliance date for safety regulation nears. For example, Europe’s General Safety Regulation requires all new commercial vehicles to be fitted next year with technology to reduce risks of driver drowsiness.
Paul McGlone, 58, the chief executive, said: “Once we see the regulations harmonise, I think we’re going to see a massive increase in the take-up rate worldwide.”
Yesterday the company said it had signed an exclusive licence agreement with Collins Aerospace in the aviation industry to roll out similar monitoring systems for pilots.
Shares in the Aim-listed company fell by ¼p, or 4 per cent, to 5¼p.
I think that "taken anytime" is the key here and of course, PMG buying via the option rather route than the market means the $$ goes to SEE. Otherwise, I don't get why he bought now and not more recently when a lot cheaper. Anyways, it's good news, although Mr Market hasn't responded yet
Dunno why you're getting in a stress over this. SEE about to launch their 3rd generation device with online monitoring adding to 13B kilometers of data. SEYE are so far behind SEE, you'd need a telescope to see them. No mention by Krantz of volumes or remote monitoring.
It'll likely only be perpetual if both sides meet the conditions set within the contract. Collins would need a substantial period of exclusivity before signing anything as the BD & Sales is so long winded, plus the end-users will want certainty over lifetime support for the IP & kit from Collins. So may as well make the exclusive perpetual. Aviation will have soaked up huge amounts of cash since KK kicked it off. For me, this is a really good outcome & gets the cash burn off the books
TLS: I’m beginning to think that STD is a Chatbot as has virtually no common sense, so engagement with it is a waste of time.
STD: one last try - if you go to the US patent office website and run a search, the “Rama Myers” patent is clearly owned by SEE. Lots of other interesting ones too
Just because it doesn't mention SEE, then why would you leap to assuming it's their own. And where did that come from suddenly? Big companies like to promote themselves, so assuming it's SEE DMS, I'm not surprised it's not mentioned. QC are fabless, they don't promote where the chips are made & will probably have other licensed tech in the stack, which they don't promote either. Too many folks assume SEE is the center of the universe, it's not, just part of what's needed in modern cars, with a very well defined structure of Tiered companies to supply the OEMs