Seeing Machines Share Discussion Threads

[base7] 25/7/2019 13:28

Great to see some optimism returning here & I bought what may prove to be my last 200k shares here before the long anticipated rerating ahead of more exciting contract news.Toyota would be a fantastic win on every level ,should it happen,particularly if accompanied by confirmation regarding Volvo & a decent Aviation contract.Lets hope we dont have a water poured on our hopes by Paul & news is published in the next day or so to justify our strength

[dplewis1] 25/7/2019 13:09

Why would I scour a bb for the past 2 years looking for your posts? That's not research that's just a waste of time. I prefer to buy at 3p and watch it go to 11p anyway, but hey each to their own.

[theaviator] 25/7/2019 13:03

Mr Lewis if you did your research you would actually know I was here a long time ago but I haven't held since the 11p days

[theaviator] 25/7/2019 13:02

Not at all. How's manufacturing here now? Any better?

[mirabeau] 25/7/2019 12:54

23 June 2015 - 25 July 2019

[theaviator] 25/7/2019 12:43

At a fifth line chaps. Just saying. GL

[hazl] 25/7/2019 11:05

Baby sitting today so can only look in from time to time.
Looking good though.

[waterloo01] 25/7/2019 09:18

Taken small opening position (was last in this about 4 years ago) but not sure being out has been that much of a disadvantage, however they now seem to be getting toward a critical mass, so happy to be onboard, if in a small way

[hazl] 25/7/2019 08:27

Interesting posts....looking a lot better here!

How dare he sell down some Blue Prism though Zero!

[dplewis1] 25/7/2019 08:24

I just had another 50k @ 4

[mirabeau] 25/7/2019 07:58

cheers Poom...appreciated

[rjcdc] 25/7/2019 07:56

Maybe a boost in the share price again today, excellent coverage. It’s about time SEE gets recognised for what it is , a market leader in a hot tech sector.

There is no reason why this shouldn’t eventually have a MC north of £2bn in my opinion.

[poombear] 25/7/2019 07:46

Most drivers can expect to see cameras monitoring their face and eyes as they drive in the near future. It’s a trend that appears unstoppable, given its proven safety benefits and the increasing production of semi-autonomous vehicles that require it.

While many experienced drivers are unlikely to instinctively welcome the new technology, it should help prevent thousands of accidents caused by distraction or fatigue. According to the latest Department for Transport figures, in 2017 driver fatigue was cited as a contributory factor by police in 1,613 accidents, causing 53 fatalities and 1,560 injuries; driver distraction was a contributory factor in 4,573 accidents, causing 125 fatalities and 4,448 injuries.

There are currently only a few cars using advanced camera-based driver monitoring systems (DMS) to monitor a driver’s face and eyes for signs of distraction or drowsiness and alert them when they’re not paying attention to the driving task; the Cadillac CT6 in the US, the Subaru Forester, BMW X5 and Audi A8 here. Yet, it is set to become a fairly standard feature over the next few years, in the same way that seatbelts and AEB have done. One estimate, from Semicast Research is that 25% of passenger cars will have a camera-based Driver Monitoring System as standard by 2023, reaching 90% by 2028.

Crucially, as part of new European Union ‘General Safety Regulation’ rules that are set to become law by the end of this year, there will be a legal requirement for all completely new car models to have systems to monitor drivers for drowsiness and also distraction by Spring 2022, while even refreshed models will have to comply by 2024.

Euro NCAP, which has traditionally set car safety standards well beyond legislative requirements, is pushing even harder for advanced driver monitoring. It is developing test and assessment protocols that will be introduced at the beginning of 2021. Moreover, requirements to measure driver distraction and fatigue/drowsiness will be built into Euro NCAP’s 5 star safety ratings from 2022.
While these regulations and standards are intended to be ‘technology neutral’, it appears that the only technology that can effectively meet these requirements is camera-based DMS.

Matthew Avery, Director of Insurance Research at Thatcham Research explains: “Really what you need is a camera. Indeed, our motto is: ‘The eyes have it’.”

This is because using eye-tracking the cameras can tell where you’re looking and how engaged you are and even when you’re starting to fall asleep. Indeed, the systems can even work if you’re wearing glasses or sunglasses as they use infra-red light.

The increasing automation of vehicles that enables hands free driving, is also making the need to keep an eye on the driver increasingly important. “There is more and more risk that the drivers will be tempted to do things they’re not supposed to do with the Level 2/Level 3 automation systems. For example, some will think the system is doing such a good job that they’ll be tempted to switch off completely,” adds Avery.

Given the impetus from tighter safety standards and the coming wave of semi-autonomous vehicles, more and more car manufacturers will soon incorporate camera-based DMS into new cars, beginning with premium models.

Varun Krishna Murthy, Senior Research Analyst at Frost & Sullivan outlines this process: “All manufacturers will look at installing camera-based DMS technology in their premium models. Then it will be rolled out more broadly into lower segment cars and vans, based on its acceptance with the driver.”

Thus, the 2020 semi-autonomous Mercedes-Benz S-Class will feature a camera-based DMS as will Byton’s electric M-Byte, scheduled for release in Europe in 2020.

They’re not alone, Volvo is planning to introduce them into its premium range, based on the next generation SPA2 platform from the early 2020s, most likely starting with the XC90. Ford and Fiat Chrysler are also introducing it into premium pick-up trucks for the US market but are expected to extend coverage soon to European models.

The laggards appear to be the major Japanese car manufacturers, surprising given that Toyota introduced the first such system over a decade ago in a Lexus. Yet, Toyota is believed to be testing a DMS system with Seeing Machines, who developed those in the Cadillac CT6 and the Mercedes-Benz S-Class. It will most likely debut in a Lexus, possibly the crossover based on the LF-1 concept that is rumoured to be released in 2021.

As to whether having a camera-based DMS will reduce insurance premiums, a spokesperson for the Association of British Insurers (ABI) says: “The cost of cover in part reflects accident rates and repair costs, so if the roll out of this technology reduces road crashes, then, in a competitive insurance market, this can be reflected in premiums (pricing, including any discounts, is of course a matter for each individual insurer).”


Thatcham Research determines which of the 50 insurance groups a car sits in, on behalf of the ABI, after looking at a variety of vehicle attributes, including repair costs, safety systems, theft, purchase price and availability of parts. These groupings are only indicative and advisory but can used by insurers as a guide to premium along with other information. “We are currently reviewing the process and it is likely that camera based DMS will be considered but we have made no decision as yet,” says Avery. “Still, anything that comes up and is in the protocols of Euro NCAP will be included,” he adds.

Similarly, Neil Ingram, Head of Motor Product Management at Direct Line Insurance stresses the complicated nature of this process: “Driver Monitoring System (DMS), as with other advancements in technology are designed to increase the safety of vehicles and roads, though there is potential in the short term for repair costs to rise if fitted with expensive sensors. It is not a simple question of discounting but understanding the capability of the vehicle including its safety technology, in combination with the driver, in order to accurately reflect the risk presented in premium and terms offered to a customer.”

As to the thorny question of where responsibility lies in the event of an accident, David Williams, Managing Director, Underwriting & Technical Services, AXA Insurance confirms that: “Under the Automated and Electric Vehicles Act 2018 which AXA helped inform, in the event of a vehicle being involved in a collision while in autonomous mode, the insurer will be liable in the first instance. It will then be up to the insurer to seek recovery of costs whether it’s from the manufacturer or a third party where appropriate.”

Certainly camera-based driver monitoring systems DMS are set to usher in a brave new world for drivers, whether they like it or not.

[dplewis1] 25/7/2019 07:42

Toyota is either the largest or second largest car manufacturer in the world..great stuff to be even testing with them.

[mirabeau] 25/7/2019 07:31

Can someone post the entire article please?

[mirabeau] 25/7/2019 07:31

SEE's on the cusp of something special. It's time has arrived.

I have been in and out of this stock more times than I care to mention. I have made money. I have lost money. Overall, I am slightly in profit but I believe we're entering into a period of expansion. The excitement will build

New EU rules will be approved in September regarding DMS

[replicas1967] 25/7/2019 07:27

Toast this morning tasting nicer than usual !!

[poombear] 25/7/2019 07:23

Its also a much larger article than you have pasted above.

[poombear] 25/7/2019 07:21

Thanks Mirabeau, its actually free to read if you register.

Well worth the effort, as it signals in that DMS is on the cusp of becoming a mainstream component of new cars.

Should also be noted that the author is the same guy who writes on the safestock website, good to see him getting a wider audience.

[shallwe] 25/7/2019 07:21

Schlemiel also very well known on this BB as............I'll let him give you the answer if you don't already know it.Well known for his fantastic L2 updates on LSE during the day.

[mirabeau] 25/7/2019 07:16

The DT article and here it is :-

'Thus, the 2020 semi-autonomous Mercedes-Benz S-Class will feature a camera-based DMS as will Byton’s electric M-Byte, scheduled for release in Europe in 2020.

They’re not alone, Volvo is planning to introduce them into its premium range, based on the next generation SPA2 platform from the early 2020s, most likely starting with the XC90. Ford and Fiat Chrysler are also introducing it into premium pick-up trucks for the US market but are expected to extend coverage soon to European models.

The laggards appear to be the major Japanese car manufacturers, surprising given that Toyota introduced the first such system over a decade ago in a Lexus. Yet, Toyota is believed to be testing a DMS system with Seeing Machines, who developed those in the Cadillac CT6 and the Mercedes-Benz S-Class. It will most likely debut in a Lexus, possibly the crossover based on the LF-1 concept that is rumoured to be released in 2021.'

[mirabeau] 25/7/2019 07:05

Toyota is testing SEE DMS.

Article in Daily Telegraph today



It is paid for but if you bring it up on Google you can see it says 'Toyota is believed to be testing DMS by Seeing Machines'

[zero the hero] 25/7/2019 06:42

Taken from LSE "Schlemeil"

Max Ward's stamp of approval for SEE



While it sold down part of its stake in Blue Prism, the trust isn’t shying away from tech stocks, adding to its position Seeing Machines (SEE), which produces computer vision technology.

IIT supported the 2 recent placings, 100m at 5p, and added 70m at 3p in recent = average price 4.2p