Seeing Machines Limited Automotive Driver Monitoring Computer Chip

TIDMSEE

Seeing Machines Limited

22 September 2016

22.09.16

Seeing Machines Limited

("Seeing Machines" or the "Company")

SEEING MACHINES UNVEILS WORLD'S FIRST AUTOMOTIVE DRIVER MONITORING COMPUTER CHIP*

Seeing Machines (LON:SEE), a global leader in the design and development of vision-based Driver Monitoring Systems (DMS) to the transport and automotive industries, is pleased to announce the introduction of its first generation FOVIO embedded hardware chip.

Leveraging over 15 years of innovation and industry experience in designing computer-vision specific head and eye tracking technologies, the Company is proud to announce the completion of the first phase of development of its FOVIO Chip; a world first in DMS performance and price optimised hardware platforms that will deliver physiological and psychometric monitoring to passenger cars, commercial transport and ultimately for the Internet of Things and artificial intelligence (AI) applications.

With the Company's current contracted OEM vehicle deliveries scheduled to launch in 2017 through to 2019, this landmark development allows the Company to begin the next stages of automotive accreditation of the FOVIO Chip in preparation for inclusion in vehicles produced as early as 2018.

Seeing Machines' decision to embed the Company's head and eye behaviour monitoring and interpretation software into an automotive grade chip will reduce substantially the overall cost and time to market of DMS deployment by automotive OEMs and tier one suppliers to a level that facilitates mass-market uptake as the technology is clearly becoming a critical component of the next-generation of automotive autonomy, technology and safety systems that address escalating global risks such as distracted driving.

The flexible processing chip will also become the core of Seeing Machines' next generation Guardian fleet product range and be made available through Seeing Machines to industry partners and third parties for application in commercial and public transport sectors.

Ken Kroeger, CEO of Seeing Machines, commented: "I am delighted to announce the introduction of our FOVIO DMS Chip which, as a World first, further cements Seeing Machines' position as global leader in the Driver Monitoring industry. The FOVIO Chip will reduce greatly the cost of DMS deployment, helping to accelerate not just our growth but mass market uptake of DMS technology in general. This product will become the key offering of our new stand-alone automotive business that is currently being structured and staffed."

* The FOVIO Chip is a system in package (SiP) and comprises a number of integrated circuits enclosed in a single module (package). The chip performs all of the functions of an electronic system, and is particularly valuable inside space constrained environments as it reduces the complexity of the printed circuit board and overall design with few external components required. The market for SiPs is increasingly being driven by mobile technology and the Internet of Things.

Enquiries:

 
 Seeing Machines Limited      www.seeingmachines.com / 
                               [phone] 
 Ken Kroeger, Managing        [e-mail] 
  Director and CEO 
 Media inquiries              [e-mail] 
  finnCap Ltd, Broker for Seeing Machines 
  Ed Frisby / Emily Watts, 
   Corporate Finance          [phone] 
  Joanna Scott, Corporate 
   Broking 
  Newgate, Investment Communications for Seeing Machines 
  Bob Huxford                  Tel: [phone] / 
                                Mob: [phone] 
   Adam Lloyd                   [e-mail] 
 
                                Tel: [phone] / Mob: 
                                [phone] 
                                [e-mail] 
 
 

About Seeing Machines

Seeing Machines, (AIM: SEE) is focused on operator monitoring and intervention sensing technologies and services. With more than 15 years of experience, Seeing Machines uses advanced detection and prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events, such as microsleeps, texting and cell phone use as they occur, while providing for a real-time intervention strategy, which improves operator, driver and environmental safety, preserves assets, and reduces risk. 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 Mountain View, California. The Company counts Caterpillar, Electro Motive Diesel, Progress Rail, Boeing, Takata, SEMCo, and Eye Tracking Inc among its partners.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 22, 2016 02:01 ET (06:01 GMT)