Seeing Machines Limited SEE signs MOU with L3Harris Technologies (6921C)
21 October 2020 - 5:00PM
UK Regulatory
TIDMSEE
RNS Number : 6921C
Seeing Machines Limited
21 October 2020
Seeing Machines Limited
21 October 2020
Memorandum of Understanding with L3Harris Technologies
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the
"Company"), the advanced computer vision technology company that
designs AI-powered operator monitoring systems to improve transport
safety, has signed a non-binding Memorandum of Understanding
("MOU") with global aerospace and defence technology company,
L3Harris Technologies (NYSE: LHX) ("L3Harris").
The MOU frames the intent to enter into a global non-exclusive
license agreement to collaborate to enhance pilot training
technology with the Company's dedicated precision eye-tracking
system for flight crew training in the full flight simulator (FFS)
environment.
L3Harris and Seeing Machines will work together to implement
this technology into simulators at L3Harris' training centers, and
offer the integrated solution to L3Harris' customers into existing
and future simulators. Seeing Machines will collaborate on design
and integration of flight training customer solutions, and L3Harris
will look to optimise the visualisation and analytic capability, to
create the optimum solution for enhanced flight training.
Based on Seeing Machines' precision eye tracking capability, the
system helps advance flight simulator training by enabling
instructors to better understand pilot behaviour, decision-making
patterns, scanning patterns, and attention levels in real time and
also recorded for debrief.
The timing of this arrangement is important as the aviation
industry starts to recover from the impacts of COVID-19, noting
that training and simulator based activity will be a major
contributor to this recovery process.
L3Harris has a strong focus on using innovation through
technology to optimise flight training both in their own training
centres and through the training devices that they supply to
customers across the world. L3Harris has an advanced data analytics
cability supporting the transisiton to evidence based training. It
is a natural fit for L3Harris to further this capability,
developing an ever deeper understanding of the pilot.
Seeing Machines and L3Harris have previously and successfully
delivered the worlds first fully integrated eye-tracking system
into a Boeing 787 FFS for a major Australian airline and will
continue to work together to provide solutions for L3Harris
customers and across the Aviation industry more broadly.
Sanjay Kaeley, Head of Product Solutions for Commercial Aviation
at L3Harris said: "Working closely with Seeing Machines through
this agreement will help to enhance the understanding and
measurement of the pilot decision making process within the
simulator and, in due course, in the aircraft. It is an exciting
development to further support our shift to data in training,
leading to an enhanced evidence-based training approach."
Patrick Nolan, GM of Aviation at Seeing Machines added: " We are
very excited about our continued momentum with L3Harris, a world
leading and globally recognised brand. L3Harris was the first major
simulator OEM to fully support and look to understand the flight
training benefits of integrated eye tracking. This has led to a
great collaboration and now, a strong commercial channel to build
our partnership. In such an automated environment like today's
cockpit, to understand pilot attention and have a mechanism to
better develop pilot monitoring skills is a game changer."
A license arrangement, currently in advanced discussions between
the parties, will be subject to the negotiation and execution of
definitive, binding licensing and other legal agreements. Further
announcements regarding the progress of the negotiations in
relation to such binding documentation will be made, as
appropriate.
Enquiries:
Seeing Machines Limited +61 2 6103 4700
Paul McGlone - CEO
Sophie Nicoll - Corporate Communications
Cenkos Securities plc (Nominated Adviser and
Broker)
Neil McDonald
Pete Lynch +44 131 220 6939
Stifel Nicolaus Europe Limited (Joint Broker) +44 20 7710 7600
Alex Price
Nick Adams
The person responsible for arranging the release of this
announcement on behalf of Seeing Machines is Sophie Nicoll, SVP,
Corporate Communications.
Seeing Machines (LSE: SEE), a global company founded in 2000 and
headquartered in Australia, is an industry leader in vision-based
monitoring technology that enable machines to see, understand and
assist people. Seeing Machines' technology portfolio of AI
algorithms, embedded processing and optics, power products that
need to deliver reliable real-time understanding of vehicle
operators. The technology spans the critical measurement of where a
driver is looking, through to classification of their cognitive
state as it applies to accident risk. Reliable "driver state"
measurement is the end-goal of Driver Monitoring Systems (DMS)
technology. Seeing Machines develops DMS technology to drive safety
for Automotive, Commercial Fleet, Off-road and Aviation. The
company has offices in Australia, USA, Europe and Asia, and
supplies technology solutions and services to industry leaders in
each market vertical.
www.seeingmachines.com
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