Seeing Machines Share Discussion Threads

[smithless] 23/5/2025 12:34:49

Well SEYE certainly winning the market cap award SEYE £208m v SEE £109m. NEWSSSSSSSSS?

[amt] 19/5/2025 07:14:02

Nvh rejoice at that news. Sounds very positive.

[nvhltd] 19/5/2025 06:53:14

Even if they hit all of their targets going forward they will be maxing out at circa 2 million DMS per quarter. The new target is now 35% and their own trend is downwards. The US and other non European markets are years away from mandatory fitment.

[longsight] 13/5/2025 19:07:03

nvhltd - are you still so keen on SEYE?

SEYE numbers for Q1 look really awful.

Looks to me like SEYE are falling out of the race. If SEYE can't turn orders into actual sales then something is very wrong there.

[nvhltd] 13/5/2025 18:27:56

Two weeks into the 'middle' of the year and still no sign of any new contracts from the 7 or so RFQ'S they are working on for 2027 and beyond.

Only 6 weeks remaining on the existing Magna exclusive deal.

No news from the 100 of thousands PO'S they claimed they had in the bag for Gen 3. No after manufacturer contracts announced for Gen 3 other than Wrightbus. Production Only 24K per annum.

[mirabeau] 12/5/2025 11:27:28

Nice bowl formation on chart, looking perky this morn.

[lawson27] 09/5/2025 15:29:15

nice to see a director dipping his hand in his pocket, GLA

[warren buffon] 07/5/2025 19:53:55

Recovery is this here, and it can drop from any level back anytime. Closer to 6 you will be looking at a change in trend. Different things.

[a5teve] 07/5/2025 17:42:36

The recovery isn't well on the way until we are closer to 6.

[amt] 07/5/2025 10:32:16

Wow recovery well underway.

[lawson27] 07/5/2025 09:28:29

Getting noticed now, GLA

[davemac3] 07/5/2025 08:16:09

Is this turning the corner?

[longsight] 06/5/2025 16:43:29

base7 and Skinny, thank you both.

[base7] 06/5/2025 14:58:51

Longsight
Register for Investor meets platform-which is free & very useful in that many company meetings together with Q & A are broadcast live.
Once registered go to SEE & you will see the recording of the Town Hall on 2/4 together with Q & A .

[longsight] 06/5/2025 08:33:41

nvhltd

please provide the link to the Q&A. It would be great to read the full set

[amt] 05/5/2025 07:30:37

Thanks for publishing the Q&A Nvh

[horsepower] 04/5/2025 16:23:06

You really need to get out more.

[nvhltd] 04/5/2025 13:32:28

Let's remind ourselves of the European TAM and opportunity laid out for us 15 months ago when we announced our one and only RNS for Gen 3. Note the market size and yet these contracts amount to just 1% of the European market. 15 months later nothing has been sold, manufactured or installed. No new contracts awarded. The first GSR delivered nothing. The product was a dog, but they were silent about the issues.

Now we have GSR 2 to look forward to and the global production of just 24K units.

RNS
10 January 2024

Seeing Machines to supply Guardian Generation 3 to leading European and UK Commercial and Bus Manufacturers

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, announces its appointment by three prominent commercial and bus manufacturers, in Europe and the United Kingdom, to supply its innovative Guardian Generation 3 driver safety system.

As Europe's General Safety Regulation (GSR), targeting all cars, vans, trucks and buses, comes into effect in July, these orders take Guardian Generation 3, the latest version of Seeing Machines' driver fatigue and distraction technology solution, into the growing After Manufacture (factory-fit) segment of the market.

Seeing Machines plans to begin the roll out of Guardian Generation 3 during the fourth quarter of FY2024 (April - June 2024) across six heavy vehicle models in five distinct manufacturing locations with these OEM customers. The initial focus will be to ensure compliance with Driver Drowsiness and Attention Warning (DDAW), followed by Advanced Driver Distraction Warning (ADDW). Together, these customers represent a significant opportunity of around 3,000 vehicles per annum, based on initial order volumes.

Guardian Generation 3 leverages Seeing Machines' automotive grade technology with refined microsleep detection and eye-gaze tracking to protect drivers from risks associated with drowsy and distracted driving.

Paul McGlone, CEO of Seeing Machines, commented: "Being appointed by three major manufacturers underscores the effectiveness and reliability of Guardian Generation 3 and is testament to the class-leading, AI-driven technology we have developed over the past 20+ years for the fleet sector. We continue working with many manufacturers in Europe and the UK as regulatory deadlines approach, to ensure we can support the After Manufacture segment, in addition to commercial vehicle operators, to enhance driver safety. We are proud to contribute to the broader mission of promoting road safety in compliance with the European Commission's General Safety Regulation."

Guardian Generation 3, launched at CES 2024 this week in Las Vegas, has been independently tested and confirmed to comply with Europe's GSR. In 2023, it is estimated that over 330,000 commercial vehicles were manufactured[1], and every vehicle will need technology that reliably detects and responds to driver drowsiness from July 2024, escalating to distraction from 2026. Seeing Machines remains at the forefront of driving innovation in driver monitoring technology, enabling OEMs to meet and exceed regulatory requirements while enhancing safety across diverse vehicle applications

[nvhltd] 04/5/2025 13:16:19

More BS. One tiny contract won more than a year ago. European TAM of 330K vehicles and our global production is set at 24K units annually.

Question 20:

How do you explain why G3 isn't being adopted by OEM for after manufacture?

Guardian Generation 3 has been homologated at Wrightbus. We continue to work with commercial vehicle OEMs to progress this process with them. There are processes in play at the moment and we will announce when those have been successful. It’s important to note that when a commercial vehicle manufacturer targets ‘homologation’ this is not limited to Guardian, but the entire vehicle and the technology within. Therefore, timeframes can vary and many factors need to be taken into account.

[nvhltd] 04/5/2025 13:13:31

More BS. They have never targeted 35% market share. It was 50% and then lowered to 40%. They have downgraded expectations again to 35%.

Question 21:

Smarteye and Cipia seem to have all the momentum and caught up with SEE with their various products. They seem to be punching well above their weight when compared to SEE. How does the CEO see the competition now and his market share forecasts?

We respect our competition and have never targeted monopoly status. Seeing Machines remains on target to achieve around 35% market share in Automotive.