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Pin to quick picksSeeing Machines Regulatory News (SEE)

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Seeing Machines Signs Major CAT Dealer

23 Jul 2014 07:00

RNS Number : 0181N
Seeing Machines Limited
23 July 2014
 



Seeing Machines Limited

("Seeing Machines" or "the Company")

 

 

Seeing Machines Signs Major CAT® Dealer

 

DSS Trials for Road Transport and Mining

 

 

Seeing Machines, the AIM-listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce it has signed a DSS sales and marketing agreement with Finning International, the world's largest Caterpillar dealer. The mutually exclusive agreement provides DSS sales and support in Canada, Chile, Argentina, Bolivia and Uruguay.

 

The Company is also proud to announce an exciting strategic DSS trial with Insurance Underwriting Managers (Pty) Ltd. ("IUM") in South Africa. IUM is a highly innovative, commercial transport insurance underwriter that is looking for ways of proactively assisting their clients. Working strategically with Seeing Machines, IUM will trial DSS with a major South African logistics fleet to assess the technology's ability to reduce fatigue and distraction related road accidents. If the trial is successful, IUM would work with its national broker network, their customers and Seeing Machines to broaden the uptake of the technology across their 25,000 insured commercial vehicles.

 

A number of new DSS trials are also being commenced with First Quantum Minerals, Fortescue Metals Group, Linfox Group, Pacific National, QUBE Holdings and Scott's Transport and Logistics. The expansion of Seeing Machines' footprint in both mining and commercial road transport includes a new application for the technology with over 30 DSS units going into mine site buses used to transport mine staff between living remote quarters and mine sites.

 

Seeing Machines' CEO, Ken Kroeger:

 

"The global Caterpillar alliance is generating sales activity with a number of proposals under consideration and some results delivered through Caterpillar lead initiatives. It's a significant time of international growth through increased application of our operator monitoring technology and we look forward to the continued pursuit of our strategic direction and plans that we have recently announced."

 

 

Enquiries:

 

Seeing Machines Limited

 

www.seeingmachines.com

Ken Kroeger, Managing Director and CEO

+61 2 6103 4700

Ken.Kroeger@seeingmachines.com

James Walker, Finance Director

+61 2 6103 4700

James.Walker@seeingmachines.com

 

finnCap Ltd

Ed Frisby / Ben Thompson, Corporate Finance

+44 20 7220 0500

Victoria Bates, Corporate Broking

 

Newgate Threadneedle, Investment Communications for Seeing Machines

Graham Herring

Tel: 020 7653 9858

Mob: 07793 839 024

g.herring@newgatethreadneedle.com

 

Robyn McConnachie

Tel: +44 20 7653 9852

Mob: +44 7540 706 191

r.mcconnachie@newgatethreadneedle.com

 

 

About Seeing Machines

Seeing Machines, (AIM: SEE), is an AIM-listed technology company that specialises in operator monitoring and intervention technologies and services. Its software and engineering services are used in products and applications that range from devices that improve driver safety and save lives to assessing trainees in simulators and simplifying the relationships between people and technology. Seeing Machines technology is used worldwide across the automotive, mining, transport and aviation industries; as well as many of the leading academic research groups and transportation authorities. Seeing Machines is headquartered in Australia and has offices in Tucson, Arizona and San Francisco, California. The company proudly counts some of the world's largest mining, logistics, automotive and aviation companies amongst its customers.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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