Seeing Machines Limited US Fleet Contract
28 February 2017 - 6:02PM
RNS Non-Regulatory
TIDMSEE
Seeing Machines Limited
28 February 2017
Seeing Machines Limited
("Seeing Machines" or "the Company")
Seeing Machines signs Multi Year Contract with US Fresh Goods
Distributor, Shamrock Foods Company
28 February 2017
Seeing Machines (AIM: SEE), the AIM listed technology company
with a focus on operator monitoring and intervention
sensing technologies and services, announces a multi-year
services contract with Shamrock Foods Company ("Shamrock"), a
leading US Distributor of fresh goods with a large presence in the
US South West.
Seeing Machines commenced an assessment program with the
Shamrock Food Company 12 months ago and has been working closely
with Shamrock since then in an effort to ensure the Seeing Machines
Guardian System and SafeGuard Program is well implemented to
maintain the outstanding driver safety benefits that were achieved
during the assessment period.
The multi-year agreement will see 750 of Shamrocks' heavy
vehicles fitted with the Guardian System and the Shamrock drivers
further protected by the Seeing Machines SafeGuard Center located
in Tucson, Arizona.
Previously, Seeing Machines' revenue was predominantly derived
from CAPEX sales to the mining sector. Since licensing the mining
IP to Caterpillar in 2016, the Guardian division is delivering
longer-term contracted, recurring monthly revenue streams. This
means commercial fleet customers are billed on a per-truck, monthly
basis. The number of carriers currently assessing the technology
and converting into contracts is confirmation of the model which
provides Seeing Machines with greater revenue predictability,
customer retention and ongoing product uptake.
Mr. Paul Angelatos, President, Guardian Systems and Seeing
Machines COO commented: "Anytime we win a major contract there is
naturally a good deal of excitement. In this case, the fact that we
are going to work with Shamrock Foods Company, a major player in
the distribution of fresh goods in the US South West,
and a company with an exceptional safety culture, only
adds to the excitement. Shamrock is a family owned business that
treats their drivers and staff as part of their family. We are
pleased to be able to contribute to ensuring that their drivers
get home to their families at the end of each shift."
Mr. Chris Cushing, Operations Technology Manager, Shamrock Foods
Company said: "Shamrock Foods Company has always embraced change
and the introduction of technology. In the case of in vehicle
driver monitoring technology, we considered a number of different
systems, but in the end, we felt the Guardian System provided the
best solution for us. The differentiator with the other systems is
the fact that Guardian is able to help us detect and prevent
fatigue and distraction before it occurs, ensuring that we get our
drivers home safely every shift. Having the SafeGuard Centre
located close by in Tucson Arizona is another source of comfort for
us."
Enquiries:
Seeing Machines Limited www.seeingmachines.com / +61
2 6103 4700
Ken Kroeger, Managing Director Ken.Kroeger@seeingmachines.com
and CEO
Media inquiries Sophie.Nicoll@seeingmachines.com
finnCap Ltd, Broker for Seeing
Machines
Ed Frisby / Emily Watts, Corporate
Finance +44 20 7220 0500
Tim Redfern, Corporate Broking
Shamrock Foods Company
Steve Domonkos, Vice President, Operations +1 602 477-2500
steve_domonkos@ShamrockFoods.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.
About Shamrock Foods
Shamrock Foods distributes fresh and frozen foods, specialty
items and gourmet foods to food service customers. It also
distributes dairy products to supermarkets and convenience stores
in the southwestern US states. Shamrock manufactures its own dairy
products under the Shamrock Farms label. In 1922, W.T. McClelland
started Shamrock Farms with 20 cows and a Model T truck. The
company is now the largest family owned dairy in the US Southwest,
with over 10,000 head of cattle and now has a full line of organic
and conventional dairy products, including its "on-the-go" extended
shelf life milk. Shamrock 2016 revenue was reported in Forbes as
US$2.8Bn and listed as the 166th largest privately owned company in
the US.
This information is provided by RNS
The company news service from the London Stock Exchange
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