Seeing Machines Share Discussion Threads

[rjcdc] 07/9/2020 08:12

Hoping to see 3.5p again today.... and a good platform to launch from in the last 3 months of the year...

Things hotting up?

[abid6814] 06/9/2020 11:19

Nice little mention for Seeing Machines in the Mail on Sunday / This is MoneySeeing Machines Small cap enthusiasts might want to keep an eye on Seeing Machines, a company involved in developing driver monitoring software.Word is that the company is 'ideally positioned' to benefit from further major contract wins as large motor manufacturers strive to meet new safety regulations.Well-spoken chaps in the City of London believe this firm could easily find itself part of a larger group by the time the regulations come into force. https://www.thisismoney.co.uk/money/markets/article-8701353/STOCK-WATCH-Owzat-Rose-Bowls-Ageas-takeover-target.html

[ali47fish] 04/9/2020 14:39

here it is reporoduced by proactive

Calum Muirhead

10:52 Fri 04 Sep 2020
Investor deep dive

Seeing Machines face tracking technology builds traction in multiple areas
read more >
viewSeeing Machines Ltd.
Seeing Machines’ new Occula unit a step change in DMS technology, says Cenkos

The broker said the new neural processing unit “significantly extends” the company’s technology lead
Seeing Machines Ltd. - Seeing Machines’ new Occula unit a step change in DMS technology, says Cenkos

Seeing Machines Ltd’s (LON:SEE) new Occula neural processing unit alongside its new ‘embedded product strategy’ for the automotive market is a “further step change” in delivery of driver monitoring system (DMS) technology, according to analysts at Cenkos Securities.

In a note on Friday, the firm's 'house' broker, which rates the company at 'buy', said the Occula unit “significantly extends” the company’s technology lead, while the brand launch also demonstrated that the company is “stepping up its marketing, having kept relatively quiet about its technology development path for competitive reasons”.
WATCH: Seeing Machines CEO says new automotive strategy is 'significant breakthrough'

Cenkos noted that the technology being applied to the company’s FOVIO chip implementations means “existing FOVIO chip customers can benefit as the processing headroom provided” enables room for new features to be added off the same hardware.

“We see the launch of Occula as an exciting development for the company with this step-change in the Seeing Machines technology expected to further the gap from its peers in benchmark testing. It is the result of significant work under the radar and the announcement demonstrates confidence in the company that it has world-class technology not just in DMS but also human tracking and detection”, the broker's analysts said in the note to clients.

“This will undoubtedly increase its potential market share in automotive but will also no doubt pique the interest of other technology developers and integrators. Seeing Machines is therefore opening back up from a transportation focussed technology company to a human-machine interface technology supplier which could deliver further significant value to investors which is not reflected in the current share price”, they added.

Seeing Machines shares were 0.8% higher at 3.2p in mid-morning trading on Friday.

[skinny] 04/9/2020 09:06

Cenkos have a research note out - I don't have full access!

.

[zero the hero] 03/9/2020 15:06

Nice interview with Proactive investors today with PM back to his normal confidence. I feel much better and once again thank you Victor:

''This is a significant breakthrough'', he says. ''We now have a product which can be easily integrated, quickly that can serve the majority of the needs of OEMs and all of their need when combined with our software approach''. ''I expect we'll be quite popular and this new strategy will precipitate quite a lot of inquiry''

[base7] 03/9/2020 10:11

I entirely empathise with your frustration & a zero has to be added to my relative position .
Hopefully you will be ordering your new kitchen complete with granite tops by XMAS ,or earlier .
Ever the optimist !

[baggariddim] 03/9/2020 09:31

And just for the record I need a new kitchen too.

[baggariddim] 03/9/2020 09:26

Exactly,we need contract wins.The amount of OEMs were dealing with has decreased over the years.Integration into mirrors was showcased years ago at CES.Being available doesn't cut it for me and as for Victor pushing SM to release an RNS just grinds my gears even more.Forgive me for my childish uneducated and badly researched rants but Ive had tens of thousands of pounds tied up here for years and have little to show.

[rjcdc] 02/9/2020 21:28

That was a better day... good RNS, but still need some contract wins or something that can be attributed to adding value.

Maybe it will become clearer in the finals - along with, hopefully, some revised revenue projections for 2021-24.

Really is an all or bust this share...

[zero the hero] 02/9/2020 13:33

Thank you Viktor (SEYE). You managed to prod the bear awake and while SEE are not as adept at company PR as you are this para will have to do:

"Seeing Machines continues to grow as an automotive leader in DMS technology, now in tie-ups with six OEMs globally, across nine ongoing programs over an expanding range of vehicle models. The Seeing Machines FOVIO Chip (delivered in partnership with Xilinx) remains the highest performing, lowest cost market solution for standalone DMS vehicle integration and now represents nearly one-third of Seeing Machines booked business, and is projected to grow to approximately one half in response to Euro NCAP requirements."

[base7] 02/9/2020 10:03

Hopefully today’s RNS will act as a catalyst for the long awaited rerating & we will now be taken seriously in respect of our ability to be market leaders ,whatever SEYE May say .Major irritation for me is that their market cap is more than 50% higher than ours .
Hopefully more deals will be announced ahead of our finals & FY21 will be viewed as truly transformational

[abid6814] 02/9/2020 09:43

Finally an RNS that reads like a technology company with world class technology! This screams we're the best. Loving the addition of licensing and the evolution of the tech to say we are taking DMS to the next level.The Qualcomm partnership now makes perfect sense!

[skinny] 02/9/2020 09:16

Thanks for that - it isn't showing on monitor.

[rjcdc] 02/9/2020 09:14

Well there you go... not sure what it means but it sounds good...

TIDMSEE

Seeing Machines Limited

02 September 2020

Seeing Machines Limited

2 September 2020

Seeing Machines Announces Next Gen Embedded Product Strategy for Automotive DMS Market

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, is pleased to announce its next generation 'Embedded Product Strategy' for the automotive market.

Highlights summary

-- New "three pillar" strategy targets rapidly expanding camera-based interior monitoring market:

o First pillar: FOVIO Chip, newly advanced with the introduction of Seeing Machines' Occula(TM) Neural Processing Unit

o Second pillar: A low-friction integration pathway into any vehicle integration point, including smart-mirrors, instrument clusters, infotainment ECUs or centralized ADAS processing systems

o Third pillar: Occula(TM) is now available for license, in ASIC form, to world-leading semiconductor companies for integration with any automotive compute platform.

Representing a step-change in its delivery of Driver Monitoring System (DMS) technology to automotive Tier 1 suppliers and OEMs, Seeing Machines has unveiled an expanded strategy and product portfolio incorporating its next generation embedded processing pipeline technology. The enhanced "three pillar" offering targets the rapidly expanding camera-based interior monitoring market, extending cost, scalability and integration benefits for carmakers as well as safety and convenience for their customers.

Seeing Machines continues to grow as an automotive leader in DMS technology, now in tie-ups with six OEMs globally, across nine ongoing programs over an expanding range of vehicle models. The Seeing Machines FOVIO Chip (delivered in partnership with Xilinx) remains the highest performing, lowest cost market solution for standalone DMS vehicle integration and now represents nearly one-third of Seeing Machines booked business, and is projected to grow to approximately one half in response to Euro NCAP requirements.

OEMs today are faced with a maze of electronics, software and sensor integration options for interior monitoring systems. Coupled with market dynamics such as regulation and Euro NCAP requirements for safety (which are now driving rapid adoption and mass market penetration), the Embedded Product Strategy has been designed to support a very wide range of common integration, cost, and safety performance challenges, with the flexibility to support the unexpected.

The first pillar of the Seeing Machines strategy remains the FOVIO Chip. However, the performance of the device is newly enhanced with the introduction of Seeing Machines' Occula(TM) Neural Processing Unit ("Occula(TM) "):

-- Occula(TM) is a custom processing design that accelerates Seeing Machines' unique algorithmic approach to the problem of human detection and tracking, placing the Company's technology at the "deep edge"

-- Occula(TM) delivers a breakthrough in silicon utilization when executing Seeing Machines' highly mature driver monitoring algorithms, reducing the computational load of the FOVIO chip by over 50% while delivering the same functionality and signal performance

-- Occula(TM) adds general-purpose acceleration capabilities required for future AI-based computer vision needs. Seeing Machines' customers will also be delighted to know that, since the FOVIO Chip utilizes FPGA technology, Occula(TM) is a fully field upgradable offering

-- Occula(TM) makes way for new driver and interior monitoring features on existing FOVIO chips, further extending Seeing Machines' feature, performance, and cost leadership.

The second pillar of the embedded product strategy offers a low-friction integration pathway for the Company's driver and interior monitoring technology into any vehicle integration point, including smart-mirrors, instrument clusters, infotainment ECUs or centralized ADAS processing systems:

-- This pathway is efficiently enabled via the introduction of Seeing Machines' embedded Driver Monitoring Engine (e-DME). The e-DME is the Company's core driver monitoring algorithm stack supporting both accelerated and non-accelerated compute options, over a very wide range of popular automotive compute platforms

-- The e-DME includes versions which are deeply optimized and embedded for key automotive SoC platforms, leveraging the different state-of-the-art AI vision acceleration architectures in those devices.

As a third strategic pillar, Occula(TM) is now available for license, in ASIC form, to world-leading semiconductor companies for integration with any automotive compute platform that would benefit from world leading, highly optimized, "deep edge" driver and/or interior monitoring.

Paul McGlone, CEO of Seeing Machines commented: "I t's an exciting time in the Automotive industry and I'm delighted to be announcing our detailed technology strategy, which has been constructed to closely support OEMs as they design cars to meet mounting safety standards and deliver convenience features for their customers.

"Seeing Machines has been leading this market for many years now and our three pillar approach is no accident. We have leveraged our teams' years of experience, deep knowledge of industry requirements, and close customer relationships to support the many and varied requirements for DMS integration into cars as demand continues to accelerate around the world."

[lewbo18] 01/9/2020 21:04

Truth will out.....

[tradermel] 01/9/2020 13:57

Read the latest news from SEYE, then re-read the last couple of RNS's from SEE. One company cares about the share price (even if its being lined up for a fundraise) and the other does not give a sh1t about the share price As a holder (still unwilling to sell) my problem is that our muppets have no intention of giving a sh1t until May next year when our wonderful CEO will want his freebies.

[base7] 01/9/2020 12:31

I am also struggling with the valuation currently attributed to SEYE ,relative to ourselves

[rjcdc] 01/9/2020 10:10

I’m struggling to keep up with all this news flow

[master rsi] 28/8/2020 10:25

WINS has joing the party at bid price 3.05p, so now is 2 MMs v 1

[skinny] 28/8/2020 09:49

A reminder from the 3rd August.



FY20 trading update

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, provides a trading update for the period ended 30 June 2020 ("FY2020").

Seeing Machines is ahead of consensus guidance for FY2020 in relation to its total income and revenue and significantly ahead in regard to its net cash position as the Company continues to successfully deliver driver monitoring system (DMS) technology across the Automotive, Fleet/Offroad and Aviation industries globally. This has been achieved despite the difficult COVID-19 backdrop.

Financial highlights for FY2020

· Total income for FY2020 is expected to be A$42.6m, representing a 30% increase on the previous period

· Revenue for FY2020 is expected to be $39.7m, approximately 8.5% ahead of consensus guidance (consensus: A$36.6m)

· Cash at 30 June 2020 was A$38.7m, up by 22% on consensus guidance (consensus: A$31.8m)

· Total connected Guardian units at 30 June 2020 was 23,415

Paul McGlone, CEO of Seeing Machines commented:

"We are pleased with our results given the unique challenges we faced in the second half of FY2020. Our business is focused on transport industries and it is clear that the sector has been under unprecedented pressure since COVID-19 emerged. Notwithstanding this, we have continued to make progress and that is a testament to the hard work of our team and has reaffirmed the importance of our mission which is to keep people safe and reduce transport related accidents.

"Guardian connections have increased in FY2020 by more than 46% despite the limitations posed by grounded transport companies and pressure on commercial fleets to work around the clock to deliver supplies across vast geographies. As global economies return to some semblance of normality, we expect connections to accelerate through our growing distribution network.

"In the Auto sector, Seeing Machines has much to look forward to in the coming months as we await the launch of two production vehicles featuring our DMS technology. The continued and reinforced regulatory momentum in Europe and North America is already having additional, positive impact across our Automotive and Fleet opportunities, and while the Aviation industry remains under more economic pressure than most, our ongoing negotiations remain intact."

The Company expects to publish its audited year end results in late October.

The financial information in this announcement is based on the unaudited management accounts for the year to 30 June 2020.

[skinny] 28/8/2020 09:47

All a bit academic, meanwhile and FWIW :- .

[master rsi] 28/8/2020 09:41

PEEL is the leading MM in this stock has gone to 3.05p bid,
so a narrow spread 3.05 v 3.10p and 1 v 1

09:35 PEEL 100,000 3.05