Seeing Machines Limited Dubai Distributor Wins Guardian Contracts in 2017
November 30 2017 - 2:01AM
RNS Non-Regulatory
TIDMSEE
Seeing Machines Limited
30 November 2017
Seeing Machines Limited
("Seeing Machines" or the "Company")
Seeing Machines' Dubai Based Distributor Wins Significant
Guardian Contracts in 2017
30 November 2017
Seeing Machines (LSE: SEE), an industry leader in computer
vision technologies which enable machines to see, understand and
assist people is pleased to announce that Dubai based Technologica
Information Technology LLC ("Technologica") has won two major
Guardian deals in 2017 in the Middle East and Russia, with the
combined opportunity expected by Seeing Machines to total 5,620
Guardian units. The Guardian units are expected to be ordered from
Seeing Machines and installed over a one to two year timeframe and
would represent the Company's largest single fleet customer deals
to date.
Seeing Machines has received purchase orders in relation to the
above from Technologica totaling 1,000 Guardian units, some of
which have been delivered, but the majority of these 1,000 units
are expected to benefit the current financial year. Technologica's
first contract for Guardian units covers the fleet of a large
Russian supermarket chain. Their second contract has been secured
with a Dubai based public transport entity where Guardian will be
installed into the full fleet, and integrated with telematics and
additional Advanced Driver Assistance System technology.
Technologica, Seeing Machines' exclusive partner in the Middle
East, provides a comprehensive range of technology implementation
and consultancy services across the region. Technologica continues
to work closely with many Middle East based organisations and has a
strong pipeline of opportunities across the region.
Guardian is Seeing Machines' pioneering real time driver fatigue
and distraction detection and intervention solution for commercial
fleets.
Paul Angelatos, General Manager and President of Fleet, Rail and
Off-Road at Seeing Machines commented: "We are delighted to be
working closely with Technologica who have an impressive reputation
and relationship base in their chosen markets. These successful
deals reflect the significant opportunities for Seeing Machines'
Guardian across the Middle East and Europe and we look forward to
continuing this positive collaboration."
Mohammad Alsafadi, Director of Smart Solutions & Services of
Technologica commented: "Working with Seeing Machines to deliver
Guardian to these key customers is exciting and complements our
mission of helping our customers achieve their strategic objectives
by applying emerging technologies. We look forward to advancing
other opportunities in the Middle East and Russia to expand the
footprint of Guardian and help improve safety practices across
commercial fleets and their communities in the region."
Enquiries:
Seeing Machines Limited www.seeingmachines.com
+61 2 6103 4700
Mike McAuliffe, CEO Mike.McAuliffe@seeingmachines.com
Media enquiries Sophie.Nicoll@seeingmachines.com
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Richard Andrews
Alexander Napier
About Seeing Machines
Seeing Machines, (LSE: SEE) is an industry leader in computer
vision technologies which enable machines to see, understand and
assist people. The Company deploys its FOVIO machine learning
vision platform to deliver real-time understanding of drivers
through AI analysis of heads, faces and eyes for Driver Monitoring
Systems (DMS), which monitor driver attention state including
drowsiness and distraction. DMS is increasingly considered a core
automotive safety technology as well as an enabling technology for
ADAS/Autonomous Driving. The Company's pioneering commercial fleet
solution (Guardian) delivers an after-market, in-cabin safety
intervention system with 24/7 monitoring and cloud analytics
services delivered on a telematics SaaS basis. The Company also
serves Aviation, Rail and Off-Road markets and emerging
applications for eye tracking and human sensing solutions. Based in
Canberra, Australia with a growing footprint in the USA and Europe,
the Company delivers multi-platform solutions from embedded
software and processors to aftermarket system and service solutions
to industry leaders globally. www.seeingmachines.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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