Seeing Machines sees bright future for driver monitoring technology

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  • Seeing Machines encouraged by progress of SAFE and RIDE Acts in the US senate
  • Seeing Machines highlights step change in value of its automotive pipeline
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Quick facts: Seeing Machines Ltd

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Seeing Machines is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people.

The company’s technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators.

The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk.

Seeing Machines was founded in 2000 and is headquartered in Australia.

11 Aug 2021

Seeing Machines Ltd (AIM:SEE) has drawn investors’ attention to a new bipartisan infrastructure agreement passed by the US Senate relating to driver monitoring systems (DMS).

The London-listed driver monitoring system specialist said the agreement included the SAFE Act, which would require the installation of a DMS in vehicles to detect distracted driving, plus the RIDE Act, which would require new cars to use advanced drunk driving technology to stop impaired driving.

“DMS is on the road today in systems like General Motor’s Super Cruise and can tell whether the driver is engaged in the driving task or is distracted,” said Seeing Machines’ chief executive officer, Paul McGlone.

“If the driver is distracted, driver monitoring systems have the ability to warn the driver and save lives,” he added.

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03 Aug 2021

(, , ) (AIM: SEE) said it expects its automotive royalty revenues to “increase sharply” over the next two to three years as production of vehicles containing its driver monitoring system (DMS) technology ramps up.

In a trading update for the year ended June 30, the designer of operator monitoring systems said it had continued on its growth path despite the challenges of the COVID-19 pandemic, adding that over 100,000 new vehicles embedded with its DMS technology had hit the road during the year.

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14 Jul 2021

Seeing Machines Limited () said trading of its shares in London has moved to the Stock Exchange Electronic Trading System (SETS).

Previously, the shares were trading from SETSqx, the exchange’s quotes and crosses trading platform.

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09 Aug 2021

(, , )’s Paul McGlone talks Proactive’s Andrew Scott through its trading update for the year ended 30 June 2021. The company’s expecting its automotive royalty revenues to increase significantly over the next two to three years as production of vehicles containing its driver monitoring system technology ramps up. The company also says it’s continuing to experience significant growth in its aftermarket business with record sales of the Guardian hardware achieved in the final quarter of the year.

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Seeing Machines highlights step change in value of its automotive pipeline

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z)’s Paul McGlone talks Proactive’s Andrew Scott through its trading update for the year ended 30 June 2021. The company’s expecting its automotive royalty revenues to increase significantly over the next two to three years as production of vehicles…

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