Share Name Share Symbol Market Type Share ISIN Share Description
Seeing Machines Limited LSE:SEE London Ordinary Share AU0000XINAJ0 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -0.05 -1.18% 4.20 2,865,286 15:04:47
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4.15 4.25 4.425 4.20 4.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Technology Hardware & Equipment 17.64 -23.10 -0.93 141
Last Trade Time Trade Type Trade Size Trade Price Currency
15:09:06 O 201 4.225 GBX

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Seeing Machines Daily Update: Seeing Machines Limited is listed in the Technology Hardware & Equipment sector of the London Stock Exchange with ticker SEE. The last closing price for Seeing Machines was 4.25p.
Seeing Machines Limited has a 4 week average price of 4.03p and a 12 week average price of 2.85p.
The 1 year high share price is 5.75p while the 1 year low share price is currently 1.43p.
There are currently 3,365,214,334 shares in issue and the average daily traded volume is 4,052,170 shares. The market capitalisation of Seeing Machines Limited is £143,021,609.20.
skinny: SEE extends leading DMS to Occupant Monitoring. 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, has announced it is formally expanding its leading automotive driver monitoring system (DMS) into an overall vehicle interior/occupant monitoring system (OMS). The expanded offering will be available for automotive production programs starting as early as 2023. Seeing Machines estimates that its entry into OMS opens an incremental market opportunity, worth up to a total of A$1.5 billion through to 2030, with an estimated incremental revenue opportunity for the Company exceeding A$350 million. This expansion is consistent with Seeing Machines's "safety first" focus and leverages important breakthroughs in achieving uncompromised head, eye, and face tracking for driver monitoring with a wide field of view camera system. It will extend the Company's highly effective attention, distraction, impairment, identification, and other human state measures from the vehicle driver to vehicle passenger(s) concurrently. The introduction of a wide field of view OMS will continue to support even the most challenging Euro NCAP DMS and semi-automated driving requirements which are traditionally achieved today with a narrow view (driver exclusive) camera system, while at the same time extending safety, comfort, and convenience features to passengers. OMS capabilities range from enabling more reliable and cost-effective passive safety systems to fully AI enabled interiors able to anticipate and care for the needs of both the driver and passenger(s). Further, the approach, enabled by Seeing Machines's Occula(R) Neural Processing Unit (NPU) technology, allows a DMS to be expanded into a wide field of view interior camera system offering an array of additional high value interior and occupant sensing features with little increase in camera, illumination, or embedded processing cost. This can be achieved with readily available and proven automotive image sensors and other components, greatly enhancing the value of the Company's existing product offering. Nick DiFiore, SVP and GM Automotive commented: "I'm proud of the methodical approach our researchers have taken toward the interior and occupant monitoring problem, avoiding the 'feature wars' in favour of system safety through continued uncompromised Driver Monitoring availability and performance while maintaining a low embedded processing cost enabled by our Occula(TM) NPU technology; a combination that eludes more academic oriented - brute force - deep learned network approaches. "We expect our automotive Tier 1 and OEM customers to be excited by the reality of a non-compromised DMS ready for any Euro NCAP eventuality, with the promise of extending safety and convenience features to vehicle passengers without inflating the overall system cost. This is a very important step in our company vision, to truly enable automobiles to see, understand, secure, and assist its occupants."
skinny: Seeing Machines Limited Launch of DMS Kit on Qualcomm Snapdragon Platform. 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 plans to deliver a fully supported, integrated driver monitoring system (DMS) Kit to the global automotive industry. Earlier this year, Seeing Machines announced plans to work with Qualcomm Technologies, Inc. to deliver optimized driver monitoring systems (DMS) targeting high-end infotainment platforms to the global automotive industry. As a part of these plans, Seeing Machines intends to launch a fully integrated DMS solution based on the Company's software, for the Qualcomm(R) Snapdragon(TM) Automotive Development Platform (ADP) from Qualcomm Technologies. This DMS Kit supports a Seeing Machines full stack DMS solution on the Snapdragon(TM) ADP targeting integration into either infotainment or centralized ADAS systems, and includes an optimized DMS reference camera, ADP interface board and the Company's software. The Kit is expected to be available before the end of this calendar year for use by select automotive Tier 1 suppliers and OEMs. Anshuman Saxena, Senior Director, Product Management, Qualcomm Technologies Inc. commented: "We are excited to continue fulfilling our mission of providing automakers with comprehensive solutions for immersive in-vehicle experiences and active safety systems. Through our work with Seeing Machines, we are effectively integrating optimized DMS to provide streamlined solutions that assure drivers' attentiveness on the road, leveraging the stronghold of Snapdragon automotive platforms . " Paul McGlone, CEO of Seeing Machines commented: "As timeframes continue to tighten for automakers to deliver safety technology and increase convenience features into new vehicles, this collaboration is very timely, giving customers new ways to implement our leading DMS technology into their infotainment or ADAS systems and quickly achieve both of these key goals. "Seeing Machines recently launched our embedded product strategy and this collaboration is representative of our e-DME strategic pillar in action. We are delighted to be expanding our work with Qualcomm Technologies, a world-leading technology company, to reach more of a fast-moving and maturing market."
skinny: Seeing Machines Limited SEE signs MOU with leading Semiconductor Company. 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, has signed a Memorandum of Understanding (MOU) with a global semiconductor company, as formal terms of engagement are finalised to license the Company's Occula(TM) Neural Processing Unit ("Occula(TM) "). Targeting the expanding interior monitoring market for the automotive industry, this collaboration represents the third pillar of the Company's recently launched Embedded Product Strategy which has been set out to license Occula(TM) in ASIC form, to world-leading semiconductor companies for integration with any automotive compute platform. Occula(TM) is a custom accelerator designed for integration into ARM based SoC's (System on Chip) for the purpose of accelerating Seeing Machines' software and to support ultra low-power human face, eye and body tracking. Licensing Occula(TM) to third party semiconductor companies creates additional pathways to automotive customers offering Driver Monitoring System (DMS) technology on a range of hardware. Paul McGlone, CEO at Seeing Machines commented: " Licensing our unique IP in this way allows us to distribute our technology through major auto and technology suppliers onto complementary platforms. I'm delighted to see our Embedded Product Strategy coming to life, as we partner with large automotive semiconductor companies, creating new channels to market and addressing the growing integration challenges for driver monitoring technology faced by our OEM and Tier 1 customers."
ali47fish: 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.
rjcdc: 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."
egrid1: Elon Musk claiming that they will have the basics for class5 automation by the end of the year. That will be totally driverless cars. "US electric vehicle maker Tesla is 'very close' to achieving complete autonomous driving technology, CEO Elon Musk said on Thursday, referring to the capability to navigate roads without any driver input. 'I'm extremely confident that level 5 or essentially complete autonomy will happen and I think will happen very quickly,' Musk said in remarks made via a video message at the opening of Shanghai's annual World Artificial Intelligence Conference." How does this impact on SEE? Is their technology used in cars, beyond monitoring the driver? If not, that line of business could very quickly become obsolete. Is this the problem with the SEE share price? The market know that their technology will be demanded too late to make a commercial success of it, before it is obsolete.
master rsi: needs sign up to open research...... Cenkos: Seeing Machines Ltd -- USA to mandate DMS from 2024 Seeing Machines | SEE | 3.4 0 (-0.7%) | Mkt Cap: 112.7m Cenkos Securities - John-Marc Bunce 6 pages Https:// Comment on USA. We had expected the USA to follow the EU’s lead in mandating various new safety systems that are proven to save many lives. The rhetoric from the National Transportation Safety board was quite clear particularly regarding the benefits of DMS not just in improving the safety of semi-autonomous vehicles but for all vehicles. Interestingly an alternative bill, called the AV START (American Vision for Safer Transportation through Advancement of Revolutionary Technologies Act) proposed by the autonomous vehicle tech industry has stalled demonstrating that the move to safer vehicles is an unstoppable force, but that the implementation of new autonomous vehicle technology is not considered so safe or easy. This is a major blow to tech companies that have invested many billions to date and achieved virtually no revenues. Comment on the EU: We are unsurprised at the delays to the Euro-NCAP protocols as manufacturers were already under pressure and lobbying against the timeline. COVID-19 has increased the pressure on automakers with a number of recent model launches delayed by 3-4 months and so Euro-NCAP is offering a release valve and we expect it to agree a one-year delay. Despite this, Seeing Machines does not expect any material impact to the Company’s near-term forecast for Automotive revenue.In particular, this does not affect the EU General Safety Regulation mandate which is not expected to change. The announcement by Seeing Machines notes that the ongoing work and projected timeframe for ongoing and potential new programs will remain largely on target resulting in little or no impact to projected revenue for the next two to three years. Overall, we see the net result of these two forces as very positive for Seeing Machines, especially considering it is already working with all three USA based manufacturers.
amt: It's a way of confirming guidance given the collapse of the share price. Basically saying to the market, why has the share price collapsed when the fcast has not changed. Given reduction in interest rates the share price should have gone up not down so the market doesn't believe it.
skinny: A bit long, but no excuse for posting in full! US set to mandate DMS from 2024. 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, welcomes news from the US where the 'Moving Forward Act' has been passed in the House of Representatives, representing the strongest automotive safety bill in decades. The 'Moving Forward Act', now set to move to the Senate, is focused on advancing safety technologies proven to reduce crash and harm and to make sure strong safety standards are in place to save lives. The bill, which now needs to be passed in the Senate, seeks to mandate automatic braking, lane-keeping, blind-spot detection, event data recorders as well as DMS in all cars and trucks sold in the US from 2024, lining up closely with the European General Safety Regulation, passed into law in November 2019. At the same time, Euro NCAP has announced a delay to the 2022 and 2024 rating given the COVID-19 pandemic. These dates have been changed in order to give automakers and Tier 1 suppliers more time to incoporate the necessary changes given the events of recent months. Despite these delays, Seeing Machines does not expect any material impact to the Company's near-term forecast for Automotive revenue. Seeing Machines continues to work on delivering ongoing automotive programs as well as participating on a range of RFQ's (Requests for Quotes) to deliver its FOVIO driver monitoring system technology into new vehicle models for automotive OEMs around the world. It is the Company's informed view that the ongoing work and projected timeframe for ongoing and potential new programs will remain largely on target resulting in little or no impact to projected revenue for the next two to three years. It is clear that regulatory driven demand for DMS around the world continues. Europe remains committed to a range of enhanced safety features, including DMS, for all new cars, vans, trucks and buses from 2024 and momentum in the US clearly points to policy adoption targeting the same timeframe. Paul McGlone, CEO of Seeing Machines commented: "Given the unprecedented events of 2020 thus far, we are not surprised that Euro NCAP has been delayed. The impacts of this delay are minimal to Seeing Machines and with US legislation heading towards mirroring those in Europe, the potential for DMS remains compelling. "We are also very pleased to see that the demand for advanced safety technology is increasing across all transport sectors as regulators, governments and policymakers around the world continue to focus on ways to reduce global road fatalities and injuries. Seeing Machines is already engaged and very well placed to support this momentum across Automotive, Fleet/Offroad and Aviation."
zero the hero: Union, just to explain my thinking a little more to offer my explanation and anticipation. The large companies will be developing their own branding around software so that they can present to the market their own DMS solutions. The way SEYE and SEE Algorithms work means that these cannot swap between the companies easily, however may well produce budget DMS to run in lower value cars. ALL car manufacturers will want to run with settled software ahead of 2022, they will want rave revues from the media and they want their "branding" to be at the top. I see it very unlikely that a well reviewed piece of software will be messed away with after release this year. However after so many years I get your frustration. Ahead of Thursday's announcement of the F150 - hopefully SEE can RNS on Friday, but admittedly Ford may want to keep the DMS supplier under wraps, I hope not! If SEE are the Algorithim supplier of "Ford CoPilot360", that should ensure all the top tier models of Ford then follow suit as Ford are theming "CoPilot360" as their own "branding of DMS". That leaves SEYE with the bottom tier cars to aim for in the budget DMS. Also the Ford article states that "over-the-air" updates can happen ahead of 2024 to modify software for full compliance. The following article really suggests a game changer for SEE Https:// "Cadillac is planning to update Super Cruise before then with the ability to change lanes with a flick of the turn signal stalk." We already know Cadillac are running SEE Tech so if "Supercruise" will be GM's branding of DMS that also should ensure top end models will be running SEE Algorithms. Once again leaving SEYE only able to aim at the budget end. BMW and Mercedes have already been RNS'd with SEE and I am more confident that those two will want all of their cars to run one DMS software. These two should release car models for 2021 before year end. Then its down to the other companies. That is a very large slice of the market. 3p really? Waiting for a rise in share price until 2022? I don't think so as the market values in anticipation. Fund raise? Unlikely as the last financial information from the company offered a small shortfall for 2022, which should be covered by a subsequent RNS'd "deal" for 5 mill. SEE have also claimed to have saved themselves 12 million in the measures to battle Covid. Therefore barring a new investment from the company finances should be sound through past 2022 comfortably (with a nod to a reduction in Fleet installs as a risk) That is my longer winded reply.
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