A particularly important bit not just from the human element but from the commercial one perhaps.
'As new laws come into place across a range of jurisdictions mandating the use of technology inside the vehicle to monitor drivers for distraction and fatigue, Seeing Machines continues to leverage this building regulatory momentum, having won a total of 18 automotive programs for 11 individual OEMs, underpinned by over 18 billion kilometers of driving data and delivered with some of the world's leading automotive manufacturers. Seeing Machines also leads the way as a trusted partner in discussions with regulators and consumer safety bodies around the globe with the Company's world class human factors team and AI-powered data as part of its relentless determination to reduce road fatalities to zero.' |
 Seeing Machines' DMS and OMS technology can be found integrated into a range of Tier 1 customer and partner demonstrations, who will also be showcasing at CES. This includes the Company's Guardian Generation 3 software which will be featured at Ambarella's invitation-only exhibition. Seeing Machines' next-generation aftermarket driver-safety solution leverages Ambarella's CV25 AI SoC to deliver an industry-leading AI performance per watt, enabling the Company to enhance the overall performance of Guardian for commercial vehicles, while improving road safety globally and helping its customers meet emerging regulations, including those now in effect in Europe.
Working with QNX, Seeing Machines is integrating its interior sensing technology with QNX® Cabin, where the Company's advanced algorithms will be leveraged to enable OEMs to monitor for driver drowsiness and distraction, mitigating risks associated with unsafe driving and enabling compliance with international safety regulations.
As new laws come into place across a range of jurisdictions mandating the use of technology inside the vehicle to monitor drivers for distraction and fatigue, Seeing Machines continues to leverage this building regulatory momentum, having won a total of 18 automotive programs for 11 individual OEMs, underpinned by over 18 billion kilometers of driving data and delivered with some of the world's leading automotive manufacturers. Seeing Machines also leads the way as a trusted partner in discussions with regulators and consumer safety bodies around the globe with the Company's world class human factors team and AI-powered data as part of its relentless determination to reduce road fatalities to zero.
Seeing Machines' leadership and technical subject matter experts will be on hand throughout CES to explain how new regulations are driving innovation toward enhanced road safety and what this means for the future of the automotive industry. |
Actually that sounds a really good RNS.
b
'Seeing Machines to showcase world-leading interior sensing solutions at CES 2025
Canberra, 8 January 2025: Seeing Machines Limited (AIM: SEE), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, will showcase its world-leading interior sensing technology at the Consumer Electronics Show (CES) 2025 in Las Vegas.
CES, the biggest event in the consumer technology calendar, runs from 7 January through 10 January 2025. Seeing Machines' immersive technology demonstrations will be held by appointment at a private suite in the Westgate Las Vegas Resort and Casino and in a purpose built test car, showcasing the Company's next generation software and algorithm developments for its FOVIO driver and occupant monitoring system (DMS/OMS) technology. In addition, following the Company's recent announced collaboration agreement with Mitsubishi, both companies will be presenting the growth opportunities created by the strategic combination of technologies at the official Seeing Machines suite.' |
Thanks to Mirabeau and Sipps, Skinny, for the informative posts but I understand your disappointment nvh.
I think the big boys get the joy without the hard work sometimes. |
Nvh ever heard of Mitsubishi ? |
The weird thing is that though the markets seem so terribly shaky, the technology revolution continues.
Look at Nvidia as an example.
I wrote this on the SHA thread.
Nvidia and it's share price is one thing, as it will be affected by outside influences, as any stock will be, but the excitement remains there, I believe, as it constantly seems to reinvent itself.
They announced a personal AI super computer Projects Digits, that Nvidia's software runs on.
CES show.
SEE Will be affected by the sector . |
Wow an event alert RNS. Lots of waffle, but alas no new orders. Oh well there's still tomorrow. |
Sorry I must have missed all of the fabulous news? I did see the share price drop 6% yesterday, but I wouldn't call that fabulous news. Still it's day 2 and we can only hope they are saving up the good news for one big news day? |
NVH why don't you make a new years resolution to rejoice at any good news coming from See this year. Its been a fabulous start for the business. |
Adams PLC
annual AGM RNS
Issued 28th Nov |
sipps
'There has been a forced seller that has withdrawn from AIM and already advised via RNS several weeks ago of the impending disposal.'
Have you got a link mate? |
Don't blame SEE or draw my conclusions. There has been a forced seller that has withdrawn from AIM and already advised via RNS several weeks ago of the impending disposal. Seems that's now occurred. All shares sold now in firmer hands. Seller probably out now. |
Great start to CES. No news and the share price drops by more than 6%. This is meant to be our annual showcase event. |
Thanks to Colin Barnden -
---------
Mitsubishi Electric Mobility Corp. ("MEMCO") has announced a collaboration agreement with Seeing Machines covering #automotive #DMS #OMS and Guardian (Fleet) Gen3. It is a huge deal, let's dive in. This is a collaboration agreement not a simple T1/T2 purchase agreement, which implies that from now MEMCO will bid only Seeing Machines for auto RFQs. That suggests existing arrangements (with Smart Eye?) will be terminated, which could explain the "deep layoffs" announced by Affectiva (a Smart Eye company) in December. The very serious issues with the DMS in the Mitsubishi Triton have been discussed here already and need not be rehashed. Mitsubishi listened and adapted.
Seeing Machines now has three global T1 partners, each with a slightly different regional OEM bias: Magna (N. America); Valeo (Europe); MEMCO (Japan). All are established in China too. Adding a fourth T1 with an OEM focus on Korea might be next. Advanced distraction algorithms and #humanfactors expertise appears to be the key competencies accessed by MEMCO, underlining Seeing Machines' leadership in these areas, along with compliance for #NCAP26 and #GSR.
It is assumed Mitsubishi Motors, Nissan, and Subaru will be the first auto OEMs targeted by MEMCO, and we may see something this week. Toyota is the big win, but has a well established DMS partnership with Aisin/Denso; Mazda's decision for DMS is unknown but likely still in play.
The strategy appears to center on MEMCO targeting Denso for DMS in both auto RFQs and commercial vehicles. Denso offers aftermarket DMS for trucks (using signals from Xperi) mostly in Japan. Guardian Gen3 is now to be marketed in the fleet aftermarket in N. America, Europe and Japan using the established MEMCO distribution channel, instantly massively expanding customer reach. The Gen3 box has been homologated in after manufacture trucks sold in Europe (Wrightbus), showing compliance with #DDAW for GSR. Thus the agreement immediately takes MEMCO into both aftermarket and after manufacture DMS supply for commercial vehicles. Will Fuso be the first customer win?
MEMCO has a 19.90% stake in Seeing Machines as part of the agreement, now making it the largest investor. This number is significant and signals an intent for a long-term partnership between the two companies, rather than sets MEMCO to buy Seeing Machines outright (see "buying a husk"). Seeing Machines is evidently pursuing close partnerships across auto and commercial vehicles, rather than competing with T1 partners by becoming a "software tier-1," thus blurring the lines between collaboration partner and competitor.
Bottom line: MEMCO selected a partner, and that partner was Seeing Machines. |
Presumably this is why it looks like a change in percentage to recent holdings?
Rather than a sale in each case?
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 that, due to a clerical error, an application has been made to the London Stock Exchange for 37,161,419 new Ordinary Shares to be admitted to trading on AIM ("Admission") which relates to historical exercises of options, in 2018, for which applications had not been accurately accounted for, with dealings expected to commence at 8.00 a.m. on or around 24 December 2024. The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, the total issued share capital of the Group will be 4,271,645,483 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Group post Admission will be 4,271,645,483 and this figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in Seeing Machines. |
Yes but shares are about the future and anticipate before the event!
Thanks wsM812. |
Nope about 18 months.July 2026 |
Only 12 months before all new cars sold in EU must have this technology, right? |
From the RNS
"In Aftermarket, Seeing Machines and Mitsubishi Electric Mobility will work together to drive increased sales of Guardian Generation 3 in Japan, Europe and North America, leveraging Mitsubishi Electric Mobility's significant Aftermarket distribution network and customer base. This joint effort is expected to accelerate the Company's path to profitability."
I had missed the Japan reference previously so a totally new market for Fleet. Exciting times ahead. |
"SEEing is believing" excellent hazl, this should be their strap line! |
A good start for the New Year.
SEEing is believing. |
£40mill Sipps, not £26 mill-ie £26m from placing shares + £14m from LO & VSI |
To all Naysayers I say this.
"Did Mitisbushi invest £26 Million into SEE for fun and without carry out due diligence on the company, the competition, the future market for DMS and the value thereof or because they did all these things?"
Happy new year to all SEE Investors. |
I was hoping for a strong finish to the year following news of more Director buys& with CES being only a week away .The signs , however, are that 2025 should be a good year for newsflow,contract wins across our 3 verticals & news of achieving cashflow break even-so it will be interesting to see where our share price lies this time next year ? |
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