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SEE Seeing Machines Limited

4.205
0.165 (4.08%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Seeing Machines Limited LSE:SEE London Ordinary Share AU0000XINAJ0 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.165 4.08% 4.205 4.145 4.22 4.45 4.015 4.015 12,494,362 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 57.77M -15.55M -0.0037 -11.27 173.31M

Seeing Machines Limited GM 2018 Cadillac CT6 Super Cruise System (0812T)

10/10/2017 7:00am

UK Regulatory


Seeing Machines (LSE:SEE)
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TIDMSEE

RNS Number : 0812T

Seeing Machines Limited

10 October 2017

Seeing Machines Limited

("Seeing Machines" or "the Company")

Seeing Machines technology bolsters safety in GM 2018 Cadillac CT6 Super Cruise system

10 October 2017

Seeing Machines (AIM: SEE), an industry leader in computer vision based technologies which enable machines to see, understand and assist people, announces the automotive production debut of its FOVIO driver monitoring technology in the 2018 Cadillac CT6. The FOVIO based driver monitoring system (DMS) forms an integral part of General Motors' industry leading Super Cruise hands-free driving system for the highway, ensuring safe and confident vehicle operation.

Overcoming the challenges of reliable driver monitoring is critical in hands-free driving systems to address the need for keeping drivers engaged and prepared to re-take control of the vehicle when required. The Cadillac Super Cruise system uses FOVIO vision technology, developed by Seeing Machines, to enable a gumdrop-sized infrared camera on the steering wheel column to accurately determine the driver's attention state. This is accomplished through a precise measure of head orientation and eyelid movements under a full range of daytime and night-time driving conditions including the use of sunglasses. If the driver looks away from the road or closes their eyes for more than a few seconds, a light bar integrated into the steering wheel will flash to guide the driver's attention back to the road. If the system determines that the driver is continuing to ignore the road, intentionally or otherwise, a series of escalating visual, audible and seat vibration alerts are employed. This is followed, eventually, by an automatic safe stop of the vehicle if the driver does not, or cannot, return their attention to the road.

The launch of Super Cruise marks the beginning of Seeing Machines' mass deployment of DMS technology in the automotive industry. This is coincident with the Company's ongoing work with a growing range of OEM and Tier 1 partners, as demand increases for the FOVIO DMS platform and processor in support of semi-autonomous driving, driver safety, comfort, and convenience applications.

Mike McAuliffe, Seeing Machines CEO commented: "The Seeing Machines team has worked very hard on this breakthrough DMS technology for a number of years and is proud to have helped GM bring to market the world's first hands-free driving system for the highway, with the Cadillac CT6 Super Cruise. We look forward to continuing our GM partnership as we continue to advance the development and integration of our DMS technology to complement GM's leadership in autonomous driving systems going forward."

Enquiries:

 
  Seeing Machines Limited                 www.seeingmachines.com / +61 
                                           2 6103 4700 
 
  Mike McAuliffe, CEO                     Mike.McAuliffe@seeingmachines.com 
  Media enquiries                         Sophie.Nicoll@seeingmachines.com 
  finnCap Ltd 
  Ed Frisby / Emily Watts, Corporate 
   Finance                                +44 20 7220 0500 
  Tim Redfern / Richard Chambers, 
   Corporate Broking 
 
  Canaccord Genuity Limited 
 
  Simon Bridges                           +44 20 7423 8000 
  Richard Andrews 
   Alexander Napier 
 

About Seeing Machines

Seeing Machines, (AIM: SEE) is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company deploys its machine learning vision platform to deliver real-time understanding of drivers through AI analysis of heads, faces and eyes, for Driver Monitoring Systems (DMS) in most Transport sectors. DMS detects and manages drowsiness, distraction and cognitive state of Drivers which is key enabling technology for automotive ADAS/Autonomous Driving as well as for Guardian, the Company's pioneering aftermarket commercial fleet solution. The Guardian solution combines an in-cabin safety intervention system with 24/7 telematics monitoring and cloud analytics services delivered on a SaaS basis which prevents accidents, saves costs, and lives. The Company also serves Aviation, Rail, Off-Road markets and is enabling next generation applications for precision eye tracking, offering solutions from embedded software and FOVIO processors to aftermarket system and service solutions. Based in Canberra, Australia with offices and people in USA and Europe, the Company's products have been adopted by global industry leaders in its markets. www.seeingmachines.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAFENEAXXFFF

(END) Dow Jones Newswires

October 10, 2017 02:00 ET (06:00 GMT)

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