Last checked at 23 Jul 2014 07:00
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.