CAT Caterpillar Inc

LONDON--Seeing Machines Ltd. (SEE.LN), a maker of sensors that monitor people using machinery for signs of fatigue, Monday said it signed a marketing and license agreement with existing partner Caterpillar Inc. (CAT) under which Caterpillar's dealers will sell monitoring and analytical services that use Seeing Machines' products.

"The formalization of this phase of the alliance agreement brings Seeing Machines one step closer to making our DSS intellectual property available as both a Caterpillar aftermarket product and as original equipment in a range of new Cat machines," said Chief Executive Ken Kroeger.

Shares at 0845 GMT traded 2.4% higher at five pence.

Write to Ed Ballard at ed.ballard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires