Seeing Machines Limited SEE Sourced for 2nd-Gen Driver Monitoring System (1612R)
March 07 2016 - 2:00AM
UK Regulatory
TIDMSEE
RNS Number : 1612R
Seeing Machines Limited
07 March 2016
Seeing Machines Limited
Seeing Machines and Takata Sourced for 2(nd) -Generation Driver
Monitoring System
7 March 2016
Seeing Machines Limited (AIM: SEE), the AIM listed vehicle
operator monitoring technology company, has secured a major
follow-on order for their 2(nd) - Generation automotive driver
monitoring systems (DMS) from one of the world's largest automotive
manufacturers, in partnership with tier 1 automotive supplier
Takata.
This sourcing agreement closely follows the partnership's
successful development of their 1(st) -Generation system for the
same manufacturer, as announced in September 2014 and expected to
launch this year in 2017 models, and will see the companies' DMS
technologies integrated into more than ten, higher-volume, 2018
vehicle models. This second program expands the DMS offering across
a number of the manufacturer's international car brands as DMS
become part of the brands' Advanced Driver Assistance Systems
(ADAS) offering. DMS technology is a key component for
semi-autonomous driver monitoring and is now starting to be
included in the design of other safety technologies and driver
comfort and convenience applications.
Seeing Machines and Takata continue to engage closely with most
of the world's car manufacturers. Program discussions continue with
fourteen manufacturers of which nine are currently performing
validation tests using Seeing Machines' DMS evaluation product as
they seek driver monitoring technologies for their upcoming product
lines.
Takata's Vice President of Engineering, Kirk Morris,
commented:
"Takata continues to demonstrate leadership in the development
of Cockpit Monitoring Technologies, which include Driver Monitoring
Systems (DMS), Hands on Wheel (HOW) sensing and Occupant Sensing
Systems (OCS). Our proven capabilities in this field, in
conjunction with the technology and resources of our partners at
Seeing Machines, is paving the way forward in cutting edge
automotive safety equipment. We expect our Driver Monitoring
Systems to be offered in vehicles with automated driving
technologies beginning in 2017. Among other features of the system,
a vehicle's driver monitoring system will enable the safe
transition between the driver and autonomous modes of vehicle
control. We are pleased that our customers are acknowledging our
leadership in this area and our commitment to safety through new
business awards and long-term partnership agreements."
Seeing Machines' CEO, Ken Kroeger, commented:
"We consider this follow-on contract as both a clear endorsement
of our technology and as reaffirmation of our DMS leadership
position in the automotive sector. The ADAS market has really taken
off and disruptive technologies such as ours are changing both the
way that people interact with their cars as well as delivering
significant road safety improvements. We're obviously incredibly
excited and are actively shaping the structure and scalability of
our business, our R&D programs and the DMS technology road map
to ensure that we're in the best position to capture as much of the
OEM automotive DMS market as possible. Our mission to make lives
safer on the roads by integrating DMS into every vehicle is now on
its way to becoming a reality."
Enquiries:
Seeing Machines Limited www.seeingmachines.com /
+61 2 6103 4700
Ken Kroeger, Managing Ken.Kroeger@seeingmachines.com
Director and CEO
Media inquiries: Adrian Adrian.dean@seeingmachines.com
Dean
finnCap Ltd, Broker for Seeing Machines
Ed Frisby / Emily Watts,
Corporate Finance +44 20 7220 0500
Joanna Scott, Corporate
Broking
Newgate, Investment Communications for Seeing Machines
Robyn McConnachie Tel: +44 20 7653 9852 / +44
7885 466 559
Robyn.mcconnachie@newgatecomms.com
Bob Huxford
Tel: +44 20 7653 9848 / Mob:
Adam Lloyd +44 7469 154 806
bob.huxford@newgatecomms.com
Tel: +44 20 7653 9842 / Mob:
+44 79676 609 084
Adam Lloyd@newgatecomms.com
About Seeing Machines
Seeing Machines, (AIM: SEE) is focused on operator monitoring
and intervention sensing technologies and services. With more than
15 years of experience, Seeing Machines uses advanced detection and
prevention safety assistance technologies to track eye and facial
movement in order to monitor fatigue, drowsiness and distraction
events, such as microsleeps, texting and cell phone use as they
occur, while providing for a real-time intervention strategy, which
improves operator, driver and environmental safety, preserves
assets, and reduces risk. Seeing Machines' technology is used
worldwide across the automotive, mining, transport and aviation
industries; as well as many of the leading academic research groups
and transportation authorities. Seeing Machines is headquartered in
Australia and has offices in Tucson, Arizona, Mountain View,
California and Santiago, Chile. The Company counts Caterpillar, BHP
Billiton, Freeport, Electro Motive Diesel, Boeing, Takata, SEMCo
and Eye Tracking Inc among its customers or partners.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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