Business
AGM Statement
AGM Statement.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 3000H Seeing Machines Limited 14 November 2018 \n\nSeeing Machines Limited\n \n14 November 2018\n \n2018 AGM Statement\n \nSeeing Machines Limited (AIM: SEE, \"Seeing Machines\" or the \"Group\"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, announces that at its Annual General Meeting held earlier today at headquarters, the Group's Chairman Jack Boyer OBE gave a presentation on 2018 highlights and achievements.\n \nIn his address to the meeting, Mr Boyer said:\n \nBefore moving to the procedural part of the meeting, I'd like to say a few words about our last year.\n \nI am very pleased to be taking over as Chairman of the Board and I look forward to the challenges and opportunities that lay ahead for Seeing Machines.\n \nThe past 12 months have been the most exciting and pivotal periods for Seeing Machines since the business was founded. We have witnessed remarkable industry momentum across automotive and other transport sectors as automation and safety take centre stage, catapulting issues like driver attention state into the spotlight. \n \nSeeing Machines occupies a central role as a provider of critical safety technology and we remain focused on fully leveraging the significant opportunity these industry and environmental developments bring in order to enhance value for our customers and our shareholders. \n \nSeeing Machines' market position as a leader in camera-based driver monitoring technology has now been validated by five program awards with the world's leading automotive OEMs. These are being delivered in close collaboration with multiple Tier 1 customers with whom we continue to develop strategic and long-lasting relationships. \n \nThe world's first Level 2 automated vehicle is now on sale in North America with the launch of General Motors' Cadillac CT6. This car, featuring Super Cruise, represented the production debut for the Seeing Machines' FOVIO driver monitoring system, and it continues to be assessed as the most reliable semi-automated system on the market to date. \n \nSeeing Machines has continued to invest heavily in core intellectual property, ongoing R&D and validation, as well as attracting the world's best engineering talent to meet the...