Seeing Machines to Collaborate With Qualcomm Technologies; Shares Rise
January 27 2021 - 4:00AM
Dow Jones News
By Sabela Ojea
Shares in Seeing Machines Ltd. on Wednesday rose after the
company said it would collaborate with Qualcomm Technologies on the
development of a vehicle driver-monitoring system.
The AIM-listed, Australia-based computer vision-technology
company said the system would be designed using Seeing Machines'
driver and full-cabin monitoring technologies for Qualcomm's
Snapdragon automotive cockpit and ride platforms.
"We expect this engagement to deliver significant incremental
volume on top of our existing business plan," Chief Executive Paul
McGlone said.
Shares at 0814 GMT were up 1.33 pence, or 11%, at 12.93
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 27, 2021 03:45 ET (08:45 GMT)
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