Seeing Machines Limited Automotive Driver Monitoring Computer Chip
22 September 2016 - 4:01PM
RNS Non-Regulatory
TIDMSEE
Seeing Machines Limited
22 September 2016
22.09.16
Seeing Machines Limited
("Seeing Machines" or the "Company")
SEEING MACHINES UNVEILS WORLD'S FIRST AUTOMOTIVE DRIVER
MONITORING COMPUTER CHIP*
Seeing Machines (LON:SEE), a global leader in the design and
development of vision-based Driver Monitoring Systems (DMS) to the
transport and automotive industries, is pleased to announce the
introduction of its first generation FOVIO embedded hardware
chip.
Leveraging over 15 years of innovation and industry experience
in designing computer-vision specific head and eye tracking
technologies, the Company is proud to announce the completion of
the first phase of development of its FOVIO Chip; a world first in
DMS performance and price optimised hardware platforms that will
deliver physiological and psychometric monitoring to passenger
cars, commercial transport and ultimately for the Internet of
Things and artificial intelligence (AI) applications.
With the Company's current contracted OEM vehicle deliveries
scheduled to launch in 2017 through to 2019, this landmark
development allows the Company to begin the next stages of
automotive accreditation of the FOVIO Chip in preparation for
inclusion in vehicles produced as early as 2018.
Seeing Machines' decision to embed the Company's head and eye
behaviour monitoring and interpretation software into an automotive
grade chip will reduce substantially the overall cost and time to
market of DMS deployment by automotive OEMs and tier one suppliers
to a level that facilitates mass-market uptake as the technology is
clearly becoming a critical component of the next-generation of
automotive autonomy, technology and safety systems that address
escalating global risks such as distracted driving.
The flexible processing chip will also become the core of Seeing
Machines' next generation Guardian fleet product range and be made
available through Seeing Machines to industry partners and third
parties for application in commercial and public transport
sectors.
Ken Kroeger, CEO of Seeing Machines, commented: "I am delighted
to announce the introduction of our FOVIO DMS Chip which, as a
World first, further cements Seeing Machines' position as global
leader in the Driver Monitoring industry. The FOVIO Chip will
reduce greatly the cost of DMS deployment, helping to accelerate
not just our growth but mass market uptake of DMS technology in
general. This product will become the key offering of our new
stand-alone automotive business that is currently being structured
and staffed."
* The FOVIO Chip is a system in package (SiP) and comprises a
number of integrated circuits enclosed in a single module
(package). The chip performs all of the functions of an electronic
system, and is particularly valuable inside space constrained
environments as it reduces the complexity of the printed circuit
board and overall design with few external components required. The
market for SiPs is increasingly being driven by mobile technology
and the Internet of Things.
Enquiries:
Seeing Machines Limited www.seeingmachines.com /
+61 2 6103 4700
Ken Kroeger, Managing Ken.Kroeger@seeingmachines.com
Director and CEO
Media inquiries marketing@seeingmachines.com
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
Bob Huxford Tel: +44 20 7653 9848 /
Mob: +44 7469 154 806
Adam Lloyd Bob.huxford@newgatecomms.com
Tel: +44 20 7653 9842 / Mob:
+44 7966 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 and Mountain View,
California. The Company counts Caterpillar, Electro Motive Diesel,
Progress Rail, Boeing, Takata, SEMCo, and Eye Tracking Inc among
its partners.
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUASRRNNAKUAR
(END) Dow Jones Newswires
September 22, 2016 02:01 ET (06:01 GMT)
Seeing Machines (LSE:SEE)
Historical Stock Chart
From Apr 2024 to May 2024
Seeing Machines (LSE:SEE)
Historical Stock Chart
From May 2023 to May 2024