Seeing Machines Limited Automotive Update
29 June 2017 - 4:01PM
RNS Non-Regulatory
TIDMSEE
Seeing Machines Limited
29 June 2017
Seeing Machines Limited
("Seeing Machines" or "the Company")
Seeing Machines Builds Foundations for Automotive Business
Growth
29 June 2017
Seeing Machines (AIM: SEE), an industry leader in computer
vision based human sensing technologies which enable breakthrough
solutions in performance, safety and user experiences, is pleased
to provide an update on its Automotive business development and
recent key appointments.
In light of the recent announcements by Takata Corporation,
noting that they have filed for bankruptcy in the USA and Japan and
agreed an asset sale transaction with Key Safety Systems Inc,
Seeing Machines would like to confirm that this is not expected to
have any adverse impact on its Automotive business. Seeing Machines
now works with Takata as a Tier 1 partner, on a non-exclusive
basis, to develop and deliver Driver Monitoring Systems (DMS) to
its Automotive OEM customers.
The Company remains on track with Takata to deliver breakthrough
"hands-free" semi-autonomous OEM vehicles this year and continues
to work with Takata (or successor) to develop new programs
together. Meanwhile Seeing Machines is working with a broad and
expanding range of other Tier 1 partners to meet OEM demand for its
market leading DMS technology with its Fovio platform and
processor.
Further to Mike McAuliffe's appointment as CEO, Seeing Machines
is also pleased to announce the promotion of Nick DiFiore as
General Manager, Automotive from his previous role as VP Sales and
Marketing. Nick was instrumental in building the Automotive
business at Xilinx to a $150m business and prior to that, held
senior engineering management roles at Ford and Visteon. Other
recent key additions to the Automotive management team include
Kevin Tanaka as Senior Director of Marketing who was previously
Director of Marketing for Xilinx Automotive and Daniel Edmonds as
VP of Engineering from his previous role as R&D GM at
Continental Australia.
Seeing Machines CEO Mike McAuliffe commented: "We are delighted
to have Nick now lead our Automotive business and to have also
added Kevin and Danny to the management team. These appointments
really bring deep experience and expertise in Automotive
Semiconductors, Software and Systems to the company as we continue
to build strong foundations for our exciting Automotive DMS
business opportunity."
Nick DiFiore commented: "We are excited by the rapidly growing
OEM interest in DMS, our depth of collaboration on customer
development programs, and the acceleration toward production
implementations driven by the adoption of Advanced Driver
Assistance Systems and Semi-Autonomous driving technology. Our team
is well-positioned to maximize these opportunities globally and we
look forward to working with our expanding range of OEM and Tier 1
customers to make this happen."
Enquiries:
Seeing Machines Limited www.seeingmachines.com
/ +61 2 6103 4700
Mike McAuliffe, CEO Mike.McAuliffe@seeingmachines.com
Media enquiries Sophie.Nicoll@seeingmachines.com
finnCap Ltd
Ed Frisby / Emily Watts,
Corporate Finance +44 20 7220 0500
Tim Redfern / Richard
Chambers, Corporate Broking
Canaccord Genuity Limited
Simon Bridges +44 20 7423 8000
Alexander Napier
About Seeing Machines
Seeing Machines, (AIM: SEE) is an industry leader in computer
vision based human sensing technologies which enable breakthrough
solutions in performance, safety and user experiences. With more
than 15 years of R&D investment and proven industry experience,
Seeing Machines uses its proprietary computer vision platform to
deliver precision tracking and analysis of heads, faces and eyes. A
primary application is Automotive Driver Monitoring Systems (DMS)
to detect and help deal with drowsiness, distraction and other
cognitive states which is key to the adoption of ADAS / Autonomous
Driving Technology as well as our pioneering Guardian Fleet safety
product. A further application is real-time delivery of precision
eye tracking in real world conditions, such as normalising for all
vehicular light conditions, which is required for next generation
HMI (human machine interface) systems. The Company delivers its
Machine Learning Vision platform in a range of solutions from
embedded software to Fovio processors to systems such as the
Guardian Fleet product. This combines an in-cabin safety
intervention system with telematics monitoring services, which
prevents accidents and saves costs and lives. Seeing Machines'
technology has been adopted by global industry leaders across the
market spectrum. Seeing Machines is headquartered in Canberra,
Australia and currently has offices and people in Melbourne,
Tucson, Silicon Valley, Detroit and the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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