Seeing Machines Share Discussion Threads

[smithless] 02/4/2025 16:24:06

I just wonder what happens when the Magna license runs out 30 June this year. Does Magna renew or is SEE free to licence it to others? Shame no one asked the question. Original deal was 17m dollars for 32mths. Could they cut a deal with Magna to give them a licence for importunity to write off the loan and interest?

[amt] 02/4/2025 16:13:54

Blimey a huge contrast in views
I will take a look later
So market share only expected to be 35% not 60 to 70% and Gen 3 a disaster according to NVH and aviation worthless if I interpreted correctly

Sounds catastrophic

Odd all the Directors buying going on

[smithless] 02/4/2025 14:51:53

Watch todays presentation and overall have come away positive. Magna to be paid off via cash and short term loan, as it should be generating cash of 10m per qrt by then. Cost cutting done so cash burn down to 2m per mth. New RFQ's later in yr. Colin Barnden said SEE miles ahead of the competition, naming on three other players, SEYE being the only direct one. Not sure it will do anything to the share price in the short term, as too many neg factors going on.

[davemac3] 02/4/2025 14:34:02

but they are cutting costs and increasing margins and expect to be cash flow positive next year.

[skinny] 02/4/2025 10:27:31

Certainly Federated Hermes have been reducing.

[skinny] 02/4/2025 10:23:53

Current notifiable shareholders :-



Click on 'Share Information'.

[mirabeau] 02/4/2025 09:05:13

Who the flying fart is the seller here?

[skinny] 02/4/2025 08:26:38

As per post 19923 :-

[smithless] 02/4/2025 08:23:29

ali47fish - don't both trying to go. I tried, but was told limited spaces and have had to register via PR company to listen only I think today is just for analyst and II's.

[ali47fish] 02/4/2025 08:16:25

please can someone give the address for the in person presentation in london

[amt] 02/4/2025 07:21:46

Directors continue to buy. The story must still be intact despite the pessim.

[jpuff] 01/4/2025 18:46:52

Only a penny to go before we might see a turnaround over time imo

[nvhltd] 01/4/2025 18:06:39

The CEO continues to destroy value. He's clutching at straws now with today's announcement. They've been working with this company for several years, but he feels today's the day to announce this relationship that adds nothing to the bottom line. Total desperation.

Another relationship that's going to eat cash and resources that we can't afford. This company needs a new CEO with a different skill set that can make tough decisions to get what we've got commercialised. A fresh perspective is required.

[barrieb] 01/4/2025 16:21:05

Smithless
Shows we now have a willing buyer at this price.

[smithless] 01/4/2025 16:07:31

Currently 2m on the bid at 1.98p. Lets see if this sell is tempted. Has been taking quite a few 1m bids. This is the problem with these sells, if anything large on the bid comes up they have to take it

[smithless] 01/4/2025 14:59:32

Just when you think the seller has finished more comes - this is the problem when institutional investors become forced sellers due funds being wound up. Now becoming stupidly cheap against SEYE

[snpout] 01/4/2025 14:54:09

Another pointless rns with no actual £ attached. No doubt McGlone will bang on tomorrow what great tech it is. And Safestocks will wet himself with excitement. Meanwhile someone keeps selling and no one’s buying

[willoicc] 01/4/2025 12:07:28

Reach
Non Regulatory Reach Announcement
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SEEING MACHINES LIMITED Logo
Seeing Machines Announces 3D Camera Technology
SEEING MACHINES LIMITED
Released 12:00:01 01 April 2025

RNS Number : 1342D
Seeing Machines Limited
01 April 2025

Press Release



Seeing Machines Announces 3D Camera Technology for Next-Generation In-Cabin Monitoring Systems

- Seeing Machines and Airy3D partner to supply the Automotive industry with low-impact, trustworthy 3D-vision for future in-cabin systems.



1 April 2025 - Seeing Machines, the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, launches a new type of 3D camera technology designed specifically for in-cabin monitoring.

Building on a four-year partnership with Airy3D Inc., a Montreal based 3D technology company, Seeing Machines and Airy3D have worked to refine Airy3D's DepthIQTM technology to meet the unique demands of automotive in-cabin monitoring.

The new camera delivers not only 3D range data, but also 5MP RGB color and infrared 2D images that have identical image characteristics to those required by today's in-cabin systems. This means the technology is fully compatible with the latest 2D in-cabin software and supports precision eye-tracking across the full cabin field-of-view. It also means that for the first time, 5MP RBGIR 2D and 3D sensing can be supported by a single camera module, with a single sensor and lens.

Timothy Edwards, Co-Founder of Seeing Machines, commented: "The potential of 3D sensing to improve in-cabin monitoring systems has been recognised for many years, but high costs have restricted adoption of 3D to just premium vehicles. However, due to planned improvements to safety standards which will protect occupants under a wider range of accident scenarios, 3D sensing is anticipated to become a de facto requirement for in-cabin monitoring systems. Seeing Machines has explored several cost-effective 3D sensing technologies in preparation for this transition. Airy3D's solution, utilising a diffractive optical element as a thin plastic coating on top of an existing 2D image sensor, offers a uniquely low-cost, low-friction pathway for automakers to meet future safety regulations while capitalising on the many advantages of 3D vision."

Chris Barrett, CEO of Airy3D, added: "In looking to penetrate the automotive market, we sought a partner with not only a great channel to market, but who was also well placed to understand the total set of requirements (not just at the sensor level) but the optical stack, computing and software feature level. Seeing Machines' long-term view and systems approach put them at the top of our list."

Paul McGlone, CEO of Seeing Machines, concluded: "We are very pleased with the steady progress of Airy3D to adapt their unique technology to meet the rigorous requirements of in-cabin systems, and we are excited to be able to offer this technology exclusively to our automotive partners. The promise of cabin-monitoring is more intelligent and safer vehicles, but there is clearly a gap to bridge before vision-based cabin-monitoring systems are considered dependable enough to become fully integrated with passive safety technologies such as airbags and seatbelt restraints. Airy3D's depth sensing technology offers Seeing Machines a smooth transition to a future where vision-sensors are trusted to become the primary source of in-cabin information."


More information can be found in the accompanying White Paper here.

~ ends ~



Media enquiries: Seeing Machines - [e-mail]



About Seeing Machines (LSE: SEE)

Seeing Machines Ltd., is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation.

Founded in 2000 and headquartered in Australia, the Company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical. www.seeingmachines.com


About Airy3D

Airy3D creates simple, comprehensive depth solutions by focusing on people and technology, as well as partners and customers, to solve problems that deeply impact our industry and society. Airy3D is dedicated to revolutionizing how machines perceive the world. This ambition is driven by a commitment to simplicity, versatility, and affordability, ensuring that Airy3D's solutions are accessible and transformative for industries worldwide.

For more information, visit www.airy3d.com

Airy3D media enquiries contact:
[e-mail]

[supernumerary] 28/3/2025 19:32:41

No but if you write them on bits of paper, stack them up, then set fire to them, they can keep you warm for a while - it's an ill wind ;¬)

I'm still struggling with the director buys here. It's not like it's a one-off - they're definitely acting as though riches beyond the dreams of Croesus await - and yet there's so little commercial visibility. Hard to fathom.

[nvhltd] 28/3/2025 19:00:09

Excuses are all well and good, but they don't pay the bills, generate revenue or support the share price

[smithless] 28/3/2025 09:35:01

nvhltd - have you looked how the world has changed in 2.5 years since, as you say, the last Town Hall presentation. Trump is just one of many things one can throw into the change pot. Legislation is still happening. The number of vehicles sold in the EU may contract by 10%, but will still have advance DMS. US market sale may fall, but the cars sold will still have SEE's tech. I can imagine all car manufactures are going through a whole list of variables and DMS is just one of them. DMS is well understood, with various options of integration and they will leave to the last minute to integrate. That's business. Why pay for something when you don't have to.

[base7] 28/3/2025 09:12:12

Ive buying with his own family money is very encouraging on every level & is an indicator that the bottom has perhaps been reached.