Last checked at 30 Apr 2019 07:00
30 April 2019
Seeing Machines Limited
Director Resignation
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, advises the resignation of Non-Executive Director and member of the People, Culture and Remuneration Committee, Mr. Tim Crane, pursuant to the agreed term of appointment between Seeing Machines Limited and Caterpillar Inc., effective from the 30th April 2019.
Mr. Crane will continue his relationship with Seeing Machines, becoming a member of the Group's newly established Technical Advisory Council. Part of the remit of this group is to further strengthen the relationship between Seeing Machines and key customers such as Caterpillar Inc.
Seeing Machines Chairman Jack Boyer OBE commented: "On behalf of the board we look forward to Tim's ongoing involvement in steering the company's future safety systems direction as part of our new Technical Advisory Council. We thank him for his contributions to the Group as a director, and wish him all the best in his other future endeavours".
Enquiries:
Seeing Machines Limited www.seeingmachines.com | +61 2 6103 4700 |
Ken Kroeger - CEO Sophie Nicoll - VP, Marketing & Communications |
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Cenkos Securities plc (Nominated Adviser and Joint Broker) Neil McDonald/Beth McKiernan/Pete Lynch | +44 131 220 6939 |
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Canaccord Genuity Limited (Joint Broker) | +44 20 7523 8000 |
Simon Bridges/Richard Andrews |
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Instinctif Partners | +44 20 7427 1412 |
Kay Larsen/Adrian Duffield |
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Terms and definitions used in this announcement shall have the same meaning as ascribed to them in the Offer Document dated 26 March 2019 unless the context requires otherwise.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
About Seeing Machines - www.seeingmachines.com
Seeing Machines (LSE: SEE), a global company headquartered in Australia, is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company's machine learning vision platform has the know-how to deliver real-time identification and understanding of drivers through Artificial Intelligence (AI) analysis of heads, faces and eyes. This insight enables Driver Monitoring Systems (DMS), which monitor driver/operator identification and attention and can detect drowsiness and distraction across multiple transport sectors.
Seeing Machines develops DMS for the Automotive, Commercial Fleet, Aviation, Rail and Off-Road markets. The Company has offices in Australia, USA, Europe and Asia, and delivers multi-platform solutions to industry leaders in each vertical.
DMS is becoming a core safety technology integrated into ADAS offerings for the automotive industry, particularly with the development of semi-autonomous and self-driving cars. DMS is also increasingly seen to be an integral safety feature across the Commercial Transport & Logistics industry globally.