Seeing Machines Pursues Licensing Deal With L3Harris
October 21 2020 - 4:18AM
Dow Jones News
By Jaime Llinares Taboada
Seeing Machines Ltd. said Wednesday that it is in talks to
license its eye-tracking system for flight-crew training to U.S.
aerospace and defense technology company L3Harris Technologies
Inc.
The AIM-listed computer vision technology company said that both
groups have signed a non-binding memorandum of understanding to
enter into a global non-exclusive license agreement.
"Seeing Machines will collaborate on design and integration of
flight training customer solutions, and L3Harris will look to
optimize the visualization and analytic capability, to create the
optimum solution for enhanced flight training," the London-listed
company said.
Training and simulator-based activity will be a major
contributor to the aviation industry recovery from the coronavirus
pandemic, Seeing Machines said.
Shares at 0741 GMT were up 0.12 pence, or 2.9%, at 4.38
pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
October 21, 2020 04:03 ET (08:03 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
L3Harris Technologies (NYSE:LHX)
Historical Stock Chart
From Mar 2024 to Apr 2024
L3Harris Technologies (NYSE:LHX)
Historical Stock Chart
From Apr 2023 to Apr 2024
