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    SEE   AU0000XINAJ0


Delayed London Stock Exchange  -  11:35:28 2023-03-30 am EDT
5.700 GBX   -1.38%
03/29Seeing Machines : Director Dealing
03/29Seeing Machines : PDMR Dealing
03/27Seeing Machines : Director Dealing
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Seeing Machines : rsquo; technology rolls off the line in five new vehicles

06/17/2021 | 02:28am EDT

Seeing Machines Limited

17 June 2021

Seeing Machines' technology rolls off the line in five new

vehicle models

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, is pleased to announce that its Driver Monitoring System (DMS) software is now available across five additional vehicle models from world-leading automotive manufacturers.

Seeing Machines has been working closely with Joyson Safety Systems since 2011 to integrate the Company's software into the General Motors' Super Cruise driver assistance feature. This system, based on the Company's FOVIO e-DME (embedded Driver Monitoring Engine) software, is now available in three new vehicle models including the General Motors' 2021 Cadillac CT5, Cadillac CT4 and Chevrolet Bolt.

The start of production on these additional vehicle models from General Motors follows successful FOVIO e-DME software launches on the new Mercedes Benz S-Class and Mercedes Benz EQS sedans. Seeing Machines' DMS is now in production across nine individual vehicle models globally and is set to launch on more than thirty distinct vehicle models by early 2023.

Seeing Machines' advanced driver monitoring software reliably measures the driver's head-pose, eyelid closure and precise eye-gaze direction under the full spectrum of demanding automotive in- cabin lighting conditions and supports a full range of driver appearances, including operation with glasses and sunglasses. High-performance driver monitoring is vital in supporting hands-free driving capabilities, where the DMS continuously monitors the driver's visual attention state and delivers this information to the vehicle.

Paul McGlone, CEO of Seeing Machines commented: "It's great to see more cars on the road with Seeing Machines DMS technology, keeping people safe and enabling a range of advanced features. As more and more models get to start of production, featuring our industry-leading technology, we can expect to see our royalty revenue increase accordingly."


Seeing Machines Limited

+61 2 6103 4700

Paul McGlone - CEO

Sophie Nicoll - Corporate Communications

Cenkos Securities plc (Nominated Adviser and Broker)

+44 131 220 6939

Neil McDonald

Pete Lynch

Stifel Nicolaus Europe Limited (Joint Broker)

+44 20 7710 7600

Alex Price

Nick Adams

Lionsgate Communications (Media Enquiries)

+44 07791 892509

Jonathan Charles

Seeing Machines (LSE: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' 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. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical.



Seeing Machines Limited published this content on 17 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2021 06:27:03 UTC.

© Publicnow 2021
03/29Seeing Machines : Director Dealing
03/29Seeing Machines : PDMR Dealing
03/27Seeing Machines : Director Dealing
03/16Seeing Machines : Half year results to 31 December 2022 presentation
03/16Seeing Machines : Director Dealing
03/14Seeing Machines : PDMR Dealing
03/13SUMMARY: London listings with exposure to Silicon Valley Bank
03/08Presentation : Half year results to 31 December 2022
03/08Seeing Machines : Director Dealing
03/07Transcript : Seeing Machines Limited, H1 2023 Earnings Call, Mar 07, 2023
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Analyst Recommendations on SEEING MACHINES LIMITED
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Sales 2023 68,2 M 45,7 M 45,7 M
Net income 2023 -23,8 M -16,0 M -16,0 M
Net cash 2023 5,80 M 3,89 M 3,89 M
P/E ratio 2023 -17,8x
Yield 2023 -
Capitalization 432 M 289 M 289 M
EV / Sales 2023 6,25x
EV / Sales 2024 5,48x
Nbr of Employees 266
Free-Float 86,4%
Duration : Period :
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Income Statement Evolution
Mean consensus BUY
Number of Analysts 4
Last Close Price 0,11 AUD
Average target price 0,29 AUD
Spread / Average Target 179%
EPS Revisions
Managers and Directors
Paul Andrew McGlone Chief Executive Officer & Executive Director
Martin Ive Chief Financial Officer
Catherine Hill Chairman
Sebastien Rougeaux Chief Scientific Officer
Anthony Borgo Chief Information Officer
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