Seeing Machines Limited CEO appointed for FOVIO
September 28 2016 - 2:01AM
RNS Non-Regulatory
TIDMSEE
Seeing Machines Limited
28 September 2016
28 September 2016
Seeing Machines Limited
("Seeing Machines" or the "Company")
SEEING MACHINES ANNOUNCES NEW CEO FOR FOVIO - AUTOMOTIVE
SPIN-OUT COMPANY
Seeing Machines (LON:SEE), the global leader in the design and
development of vision-based Driver Monitoring Systems (DMS) to the
transport industries, today announces it has appointed Mike
McAuliffe as Chief Executive Officer for FOVIO (www.Fovio.com), the
Company's automotive business which will be head-quartered in USA
with R&D in Canberra (Australia).
Based in Silicon Valley, Mike brings over 20 years of senior
management experience in successfully building global businesses in
the semiconductor, embedded software and electronics industry
ranging from early start-ups to extensive M&A to running large
public corporation units, in multiple verticals including the
global automotive industry.
Prior to FOVIO, Mike held the position of President & CEO of
ROHM Powervation Ltd and before that as CEO of Powervation Inc,
which was an Irish digital power processor start-up that he helped
build into an industry leading pioneer, that was subsequently
acquired in 2015 by Japanese leader ROHM Semiconductor. Prior to
this, Mike held various executive management roles at Pulse
Electronics where he helped grow the company, including
responsibility for the automotive business based in Germany.
Earlier in his career, he worked for Texas Instruments and NXP in
technical marketing & IC design roles. He is an alumni of
Harvard Business School (AMP), Henley Management College (UK) (MBA)
and University College Cork (Ireland) (EEng).
To deliver on this significant market opportunity for its DMS
technology which is an essential part of the technology stack for
advanced ADAS, semi-autonomous and self-driving automobiles, Seeing
Machines is working towards spinning out FOVIO. under Mike's
leadership, in order to build-out the leadership team and build the
organisation to execute on the significant market opportunity
ahead.
Within Seeing Machines, FOVIO already has teams of industry
leading experts working closely with leading global OEMs and tier
one suppliers as Seeing Machines and FOVIO prepare for the first
major OEM vehicle program launch next year. FOVIO is heavily
engaged in R&D for further multiple contracted car models and
in winning the next wave of RFQ programs which will be centred on
proprietary FOVIO DMS processor chip and embedded software
solutions.
FOVIO will initially consist of a group of over 60 people
primarily in R&D, including industry renowned experts in the
DMS and computer vision field, such as Seeing Machines co-founders
Tim Edwards and Sebastien Rougeaux. The Company's global
organisation is expected to grow significantly as FOVIO builds its
global customer support footprint and invests further in R&D,
to pursue its strategy in being a market leader in premium
Automotive DMS processor and embedded software solutions.
Mike McAuliffe, commented: "I am thrilled to join Fovio to help
lead the company on the exciting journey ahead. I am impressed by
the world class people and DMS technology in the company and the
unique opportunity to build a great business around the next wave
of intelligent autonomous automobiles. I really look forward to
working with Ken and the whole FOVIO team to make this happen and
making a huge contribution to auto safety".
Ken Kroeger, CEO Seeing Machines, commented: "I am delighted to
be able to attract Mike on board as CEO for FOVIO. He has the
proven skills and experience we were looking for to lead the
spin-out and building of the business going forward. Mike joins a
group of talented hard-working people and good friends that I am
very proud to have worked with. I will now focus my full attention
on exploring the many other exciting market opportunities for
Seeing Machines' business."
Enquiries:
Seeing Machines Limited www.seeingmachines.com / +61 2 6103
4700
Ken Kroeger, Managing Director Ken.Kroeger@seeingmachines.com
and CEO
Media inquiries marketing@seeingmachines.com
finnCap Ltd, Broker for Seeing Machines
Ed Frisby / Emily Watts, Corporate
Finance +44 20 7220 0500
Joanna Scott, Corporate Broking
Newgate, Investment Communications for Seeing Machines
Bob Huxford Tel: +44 20 7653 9848 / Mob: +44
7469 154 806
Adam Lloyd Bob.huxford@newgatecomms.com
Tel: +44 20 7653 9842 / Mob: +44 7966
609 084
Adam.lloyd@newgatecomms.com
About Seeing Machines
Seeing Machines, (AIM: SEE) is focused on operator monitoring
and intervention sensing technologies and services. With more than
15 years of experience, Seeing Machines uses advanced detection and
prevention safety assistance technologies to track eye and facial
movement in order to monitor fatigue, drowsiness and distraction
events, such as micro sleeps, texting and cell phone use as they
occur, while providing for a real-time intervention strategy, which
improves operator, driver and environmental safety, preserves
assets, and reduces risk. Seeing Machines' technology is used
worldwide across the automotive, mining, transport and aviation
industries; as well as many of the leading academic research groups
and transportation authorities. Seeing Machines is headquartered in
Australia and has offices in Tucson, Arizona and Mountain View,
California.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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