Seeing Machines Limited Statement re: Press Speculation (4169F)
July 12 2019 - 9:01AM
UK Regulatory
TIDMSEE
RNS Number : 4169F
Seeing Machines Limited
12 July 2019
12 July 2019
Seeing Machines Limited
Statement re: Press Speculation
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, notes the recent press rumour and speculation that it has
been appointed to deliver driver monitoring technology to Volvo Car
Corporation.
Seeing Machines was not consulted on the content of the article
and no award has been confirmed.
As previously announced, Seeing Machines currently has seven OEM
production programs spanning a broad range of car models across a
total of six automotive OEMs globally (two premium German OEMs,
three North American OEMs and one Chinese OEM). In addition, the
Company has a strong and building pipeline of future RFQs across a
range of vehicle classes in North America, Europe and Asia. Any
future awards will be announced in due course.
Enquiries:
+61 2 6103
Seeing Machines Limited www.seeingmachines.com 4700
Paul McGlone - CEO
Sophie Nicoll - SVP, Corporate Communications
Cenkos Securities plc (Nominated Adviser and Broker)
Neil McDonald
Beth McKiernan +44 131 220
Pete Lynch 6939
About Seeing Machines - www.seeingmachines.com
Seeing Machines (LSE: SEE), a global company headquartered in
Australia, is an industry leader in computer vision technologies
which enable machines to see, understand and assist people. The
Company's machine learning vision platform has the know-how to
deliver real-time identification and understanding of drivers
through Artificial Intelligence (AI) analysis of heads, faces and
eyes. This insight enables Driver Monitoring Systems (DMS), which
monitor driver/operator identification and attention and can detect
drowsiness and distraction across multiple transport sectors.
Seeing Machines develops DMS for the Automotive, Commercial
Fleet, Aviation, Rail and Off-Road markets. The Company has offices
in Australia, USA, Europe and Asia, and delivers multi-platform
solutions to industry leaders in each vertical.
DMS is becoming a core safety technology integrated into ADAS
offerings for the automotive industry, particularly with the
development of semi-autonomous and self-driving cars. DMS is also
increasingly seen to be an integral safety feature across the
Commercial Transport & Logistics industry and is set to be
become a regulatory requirement for all cars, vans, trucks and
buses in Europe from 2022, with the rest of the world expected to
follow soon after.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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