Member Info for webstrik

Https://evmagazine.com/top10/top-10-autonomous-driving-features-in-ev : “ Leading adopters include Tesla, GM, Ford, Mercedes-Benz, BMW, Kia, Smart Eye, Seeing Machines, Mobileye and FEV. “

Https://zoom.us/rec/play/EfgRdsT4KeRFnzso6YxpHLXn1p9NDoMYkJft518sjTLXCa-BwXM8yDArXTMXoABf6AtFE5r1N1R6IiHd.WPrT6ITZBdSLZ0c0?eagerLoadZvaPages=&accessLevel=meeting&hasValidToken=false&canPlayFromShare=true&from=share_recording_detail&continueMode=true&componentName=rec-play&originRequestUrl=https%3A%2F%2Fzoom.us%2Frec%2Fshare%2FcgAqrpKOdBfhk7xcnECSQhWNFKKhX3KcJNGItg3Ph0rU-FR0v7-j4vzb8Xibv14O.MurU0OPvCgZjYnp6

Under the terms of the Agreement, subject to certain exceptions, Seeing Machines and Magna will exclusively co-market driver and occupant monitoring, solely where the Company's IP is fully integrated inside the rear-view mirror, until the end of June 2025. In return for Seeing Machines granting exclusivity to Magna for the mirror, Magna will make an upfront payment to Seeing Machines of US$10m, with an additional US$7.5m payable over the following 2 years.

https://www.lse.co.uk/rns/exclusive-agreement-with-magna-us65m-investment-v090vnqi6fij762.html#:~:text=Under%20the%20terms%20of%20the,8%25%2C%20inclusive%20of%20fees.

Further detail to what Escovido said:

At the same time, Magna has also agreed to invest up to an additional US$47.5m into Seeing Machines via a non-transferable 4-year convertible note maturing in October 2026 (the "Convertible Note"). The Convertible Note, which can be drawn down in two tranches across the 4-year term, subject to the satisfaction of certain closing conditions, is convertible into ordinary shares at a price of 11 British pence per share. The first tranche, being US$30m, will be drawn at closing with the remainder available until December 2024. The Convertible Note has an all-in yield of 8%, inclusive of fees.

At least you have a snorkel. I am in a submarine. lol I still have air for a year before it runs out! I still believe in SEE, but they have not made it easy for themselves and certainly not for us. Working with Magna, Valeo, Mitsubishi, Cat, etc and that Martin has invested a lot of money still gives me enough confidence to hold and maybe even add.

Https://media.licdn.com/dms/image/v2/D4E22AQECf0ZQIxthqQ/feedshare-shrink_2048_1536/B4EZWO_MzHHUAo-/0/1741860688563?e=1744848000&v=beta&t=35bKBjIh3F_tO1zmJX5oMA27wIP3u7lG4Ihv3zI9NyY

The below slide shows Semicast's estimates for the long-term evolution of global fitment rates for hashtag#automotive hashtag#safety systems such as airbag, ABS/TCS/ESC, hashtag#ADAS forward camera and vision-based DMS/OMS. The global fitment rate for hashtag#driver hashtag#monitoring hashtag#systems finally passed the significant milestone of ten percent in 2024. Historically that is the tipping point where new safety technologies are accepted as valid for the mass-market, with adoption rapidly accelerating from niche to mainstream as hashtag#OEMs come to understand the benefits to their customers, and regulators mandate the technology to improve road safety and save lives.

Advanced driver distraction warning hashtag#ADDW for hashtag#GSR compliance will not be delayed beyond July 2026, which applies to all vehicles sold in Europe with four or more wheels including cars, vans, trucks, buses and coaches. Further, the testing protocols for Euro NCAP - For Safer Cars, Vans & Trucks 2026 dramatically increased the significance of DMS in the NCAP scoring program compared to NCAP23, and for those countries and regions that follow UN regulations, UN-R157 for automated lane keeping systems hashtag#ALKS already requires a vision-based DMS.

As the saying goes: "You can run, but you can't hide."

History teaches us that in automotive, everything takes forever, and then a little longer, then everything happens at once. We are currently in the "a little longer" phase.

6.5

Has anybody heard from Terry lately? I miss his valuable contributions / research?

Will we have in 2 weeks time a trading update / KPI numbers? In 2024 it was on the 8th of Feb :

https://seeingmachines.com/wp-content/uploads/2024/02/SEE-RNS-H1-FY2024-Trading-Update-and-Quarterly-KPIs-FINAL-08-02-24.pdf

Colin: Got a ride today in the Seeing Machines demo vehicle and a private briefing in the suite showing hashtag#sensorfusion across dual-optical path systems covering mirror and steering column. The future of road safety tech is here. Also had extensive discussions with Mitsubishi, Magna International and QNX. The Seeing Machines ecosystem is broad and deep and it shows. The tectonic plates in the DMS world have shifted here at hashtag#ces2025. This is going to be a massive year for developments in DMS.

Found the answer myself: Unfortunately not ours ; Acusensus, an Australian company, has worked with governments in Australia, the United Kingdom and the United States to roll out some of the AI traffic cameras. Its camera system, called “Heads Up,” uses AI to catch drivers who are texting while driving or aren't wearing seat belts. However you can see another sector, where our cameras could be used as well.

Https://www.facebook.com/reel/2031214060648363.

Do what you like, but I would filter them. Better for your health and as Numptypi mentions, you won’t have a dodgy headline endlessly repeated. Since November I filtered 8 people.

At the same time as acquiring Asaphus, Seeing Machines entered into a collaboration agreement with Valeo. Asaphus will continue to undertake some development projects with Valeo and Seeing Machines is an exclusive partner with Valeo for DMS.

Https://www.autonomousvehicleinternational.com/news/adas/feature-driver-impairment-new-detection-protocols-and-solutions.html?utm_content=315902291&utm_medium=social&utm_source=linkedin&hss_channel=lcp-258949

seeing machines has today published its latest hashtag#kpis for the quarter ended 30 september 2024. the cumulative total for cars on road now stands at 2,617,091, which is a rise of 405,669 in the quarter. to put these numbers into context, even allowing for the fact that smart eye won't publish actual quarterly cars on road numbers and for some variation in definitions across suppliers, seeing machines' latest quarterly delivery number is assessed to be about twice the total of smart eye, tobii, and cipia put together.

while investor sentiment towards the dms sector is firmly entrenched in the trough of disillusionment, seeing machines is currently the cleanest shirt in the laundry, and from here really should hit 3m cars on road by the end of 2024. eight hashtag#automotive programs are now at start of production hashtag#sop, with stellantis hashtag#ram judged to be the hashtag#oem program to reach sop in the last quarter, with the market launch of its hands-free active driver assist system.

supplier nominations are likely to flow rapidly in the coming months, following publication of the euro ncap - for safer cars, vans & trucks 2026 test protocols for occupant status monitoring and full understanding of the new scoring structure to achieve the prestigious 5-star rating. from 2026 oems will no longer be able to game the system and still achieve a 5-star rating by a focus on scoring points in the hashtag#adas categories and mostly ignoring driver and occupant monitoring. this necessitates a significant change in oem mindset and procurement decisions, which some automakers doubtless haven't fully appreciated yet.

for all the talk of chinese hashtag#ev manufacturers competing aggressively in the european market, every vehicle model for sale will require hashtag#****logation to comply with eu hashtag#gsr requirements for advanced distraction hashtag#addw, and to target the hashtag#ncap26 5-star rating. gsr and ncap26 look set to quickly whittle the hashtag#dms hashtag#oms supply base down to a handful of automotive sector specialists, and away from surveillance algorithm developers. established partnerships with global tier-1s, a proven capability to deliver programs to sop, and hashtag#humanfactors expertise, will all be critical for long-term success.

Alliance News) - Seeing Machines Ltd on Monday said vehicles on the road and production of cars equipped with its technology grew in the first quarter, despite "challenges" in the global automotive sector.

The Canberra-based company designs AI-powered operator monitoring systems to enhance transport safety. It said the total number of vehicles on the road using its technology rose to 2.6 million by the quarter ending September 30, doubling from 1.3 million a year earlier.

In the first quarter, automotive production incorporating Seeing Machines' technology reached 405,669 units, up 6.4% from the previous quarter's 381,215 units and an 83% increase from 222,138 units a year ago.

Annual recurring revenue for the quarter rose 13% to GBP13.6 million from GBP12.0 million a year prior.

Chief Executive Officer Paul McGlone said: "We continue to see our automotive programs progress successfully to production despite the ongoing and widely documented challenges across the global automotive sector. I am confident growth will continue as regulations and automated driving features continue to drive demand for driver and occupant monitoring system technology."

Sharecast News) - Driver monitoring technology company Seeing Machines reported strong growth in its quarterly key performance indicators for the first quarter of the 2025 financial year on Monday.

The AIM-traded firm said its technology was now installed in over 2.6 million vehicles globally, an increase of 100% compared to the first quarter of 2024, reflecting its expanding presence in the automotive sector across eight production programmes.

Quarterly production reached 405,669 units, marking a 6% sequential increase and an 83% year-on-year rise.

In its aftermarket segment, Seeing Machines updated its reporting metrics following a licensing agreement with Caterpillar in June, which included an upfront licence payment of $16.5m for Guardian technology.

The company said it had shifted from using 'monitored connections' to reporting 'Guardian hardware unit sales' and 'annual recurring revenue' (ARR) to better align with leading revenue indicators.

Excluding historical recurring revenue from Caterpillar, ARR saw a 13.4% increase compared to the first quarter of the 2024 financial year.

Sales of Guardian hardware were expected to be weighted toward the second half of 2025 as production of Guardian Generation 3 ramped up.

"Seeing Machines has maintained the expected growth rate of 100% in cars on road from 12 months ago, now with eight programmes at the start of production," said chief executive officer Paul McGlone.

"We continue to see our automotive programs progress successfully to production despite the ongoing and widely documented challenges across the global automotive sector."

McGlone said he was "confident" growth would continue as regulations and automated driving features continued to drive demand for driver and occupant monitoring system technology.

"Guardian growth remains steady, and we expect this to accelerate as Guardian Generation 3 becomes available to aftermarket customers in more jurisdictions, globally."

As per estimation.

Actually there were quite a few that opened an account on the 6th of November. Coincidence? I don’t think so! Check all the new names out.