Seeing Machines Limited License Agreement with OmniVision Technologies (7325K)
January 06 2021 - 2:00AM
UK Regulatory
TIDMSEE
RNS Number : 7325K
Seeing Machines Limited
06 January 2021
6 January 2021
Seeing Machines Limited
DMS leaders join forces as OmniVision and Seeing Machines
formally collaborate
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, has advanced its previously announced Memorandum of
Understanding to an executed License Agreement ("Agreement") to
license the Company's Occula(R) Neural Processing Unit
("Occula(R)") to OmniVision Technologies, Inc. ("OmniVision").
This Agreement represents the first execution of the silicon
license for Seeing Machines' Occula(R), which offers a unique NPU
design that enables the development of low-cost, high-performance
edge-AI to power future human-machine interfaces.
Further to the recently announced 'three pillar embedded product
strategy', where Seeing Machines laid out its strategic approach to
meet the broad and growing technology needs of the global interior
monitoring market for Automotive, this collaboration brings the
third pillar to life as the partners combine the Occula(R) Silicon
IP with world-leading machine vision silicon technology for their
customers.
OmniVision develops and delivers advanced imaging solutions to a
variety of industrial and consumer markets, including Automotive .
OmniVision has been delivering imaging products for over 15 years
to automotive customers, offering products and technology which can
place a camera anywhere in the car. OmniVision has a full portfolio
of image sensors for the interior monitoring market and is
presently the leading supplier of image sensors into the interior
monitoring market segment.
Seeing Machines continues to grow as an automotive leader in DMS
technology, having won contracts with a total five automotive Tier
1 customers for a steadily growing number of programs across six
global car OEMs. The Company is now expanding its embedded product
offerings, and extending its low-cost high performance embedded DMS
know-how into the automotive Occupant Monitoring System (OMS)
market.
Seeing Machines and OmniVision will work together to deliver
optimised, highly integrated solutions to the global Driver and
Occupant Monitoring System markets, leveraging existing and new
customers globally.
Paul McGlone, CEO commented: "Seeing Machines has had a
wonderful working relationship with OmniVision for over 5 years
now, having successfully worked together on multiple automotive
programs with a number of Tier 1 customers. This Agreement
represents a natural next step for our two companies, to work
strategically together to achieve the highest possible coupling
between the imaging and processing domains.
"We are thrilled to continue working with OmniVision as both
companies combine to continue to deliver excellent price versus
performance Driver and Occupant Monitoring solutions to the
market."
Andy Hanvey, Director of Automotive Marketing at OmniVision
commented: "We have been collaborating with Seeing Machines for
over 5 years, because of their leading algorithm performance and
leading position in the DMS market. With this agreement it will
leverage the extensive sensor and technology that OmniVision has to
offer, including Global Shutter Sensors, Nyxel(R) and
CameraCubeChip(TM) along with Seeing Machines Occula(R) NPU to
enable optimal performance for Driver and Occupant Monitoring
System algorithms across the OmniVision family of world first,
dedicated Automotive ASICs."
Enquiries :
Seeing Machines Limited +61 2 6103 4700
Paul McGlone - CEO
Sophie Nicoll - Corporate Communications
Cenkos Securities plc (Nominated Adviser
and Broker)
Neil McDonald
Pete Lynch +44 131 220 6939
Stifel Nicolaus Europe Limited (Joint Broker) +44 20 7710 7600
Alex Price
Nick Adams
About Seeing Machines (LSE: SEE), a global company founded in
2000 and headquartered in Australia, is an industry leader in
vision-based monitoring technology that enable machines to see,
understand and assist people. Seeing Machines' technology portfolio
of AI algorithms, embedded processing and optics, power products
that need to deliver reliable real-time understanding of vehicle
operators. The technology spans the critical measurement of where a
driver is looking, through to classification of their cognitive
state as it applies to accident risk. Reliable "driver state"
measurement is the end-goal of Driver Monitoring Systems (DMS)
technology. Seeing Machines develops DMS technology to drive safety
for Automotive, Commercial Fleet, Off-road and Aviation. The
company has offices in Australia, USA, Europe and Asia, and
supplies technology solutions and services to industry leaders in
each market vertical. www.seeingmachines.com
About OmniVision
OmniVision Technologies, Inc. is a leading developer of advanced
digital imaging solutions. Its award-winning CMOS imaging
technology enables superior image quality in many of today's
consumer and commercial applications, including mobile phones;
security and surveillance; automotive; tablets, notebooks, webcams
and entertainment devices; medical; and AR, VR, drones and robotics
imaging systems. Find out more at www.ovt.com .
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