Last checked at 22 Feb 2019 08:30
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22 February 2019
Seeing Machines Limited
EU mandates safety technology for cars, vans, trucks and buses
Seeing Machines (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety, welcomes the outcome of the European Parliament's Internal Market Committee where a set of rules were approved to advance safety for all road users in the European Union.
The press release issued by the European Parliament on Thursday in Europe announced that "driver drowsiness and attention warning" and "advanced driver distraction warning" will become mandatory in all vehicles (cars, vans, trucks and buses).
Ken Kroeger, CEO of Seeing Machines commented:
"The leadership shown by Europe in this move to improve transport safety using technology is most welcome, as governments all over the world grapple with serious injuries and fatalities caused by road accidents.
"Seeing Machines is focused on safety outcomes and we have spent the past 20 years honing our technology for this very purpose. Our driver monitoring technology, already launched in the award-winning General Motors Cadillac CT6 with Super Cruise, and in current development with a further five automotive manufacturers globally, as well as retro-fitted to over 16,000 commercial and mining vehicles around the world, is designed to understand the state of the driver, to ensure that fatigue and distraction related events and the risks associated with that behaviour, are mitigated."
This announcement further reinforces the Euro NCAP roadmap that sees driver monitoring introduced into crash assessment protocols from 2020. It is expected that the Euro NCAP position will be adopted in other regions including South-East Asia and North America.
Enquiries:
Seeing Machines Limited www.seeingmachines.com | +61 2 6103 4700 |
Ken Kroeger, Executive Chairman & CEO Sophie Nicoll, VP Marketing & Communications
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Cenkos Securities plc (Nominated Adviser and Joint Broker) | +44 131 220 6939 |
Neil McDonald/Beth McKiernan/Pete Lynch
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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 7457 2077 |
Kay Larsen/Chantal Woolcock/Adrian Duffield |
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The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
About Seeing Machines
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 understanding of drivers through Artificial Intelligence (AI) analysis of heads, faces and eyes. This insight enables Driver Monitoring Systems (DMS), which monitor driver/operator attention and can identify 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 ranging from embedded software and processors to aftermarket system and service solutions to industry leaders in each vertical.
DMS is now considered a core safety technology 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. www.seeingmachines.com