Business
Automotive deal with Joyson for US OEM
Automotive deal with Joyson for US OEM.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 7292V Seeing Machines Limited 10 April 2019 \n\n10 April 2019\nSeeing Machines Limited\nDesign win for next generation automotive program \n \nSeeing Machines (AIM: SEE, \"Seeing Machines\" or the \"Group\"), the advanced computer vision technology company that designs AI powered operator monitoring systems to improve transport safety, has been appointed by Joyson Safety Systems (JSS) to provide its FOVIO driver monitoring technology for a US automotive OEM as it expands the rollout of their award-winning driving system across a number of additional vehicle models.\nMass production for the additional models is scheduled from 2020, and the expansion represents an initial estimated lifetime revenue of over A$7 million for Seeing Machines. \nSeeing Machines now has seven OEM production programs spanning a broad range of car models across a total of six automotive OEMs globally, which are expected to deliver over A$150 million revenue largely in the 2021 to 2024 timeframe. \nSeeing Machines' FOVIO driver monitoring platform uses advanced machine vision technology to precisely measure and analyse head pose, eyelid movements and eye-gaze under a full spectrum of demanding lighting conditions, including through sunglasses. This data is processed to interpret driver attention state, focus, drowsiness and impairment levels to provide ADAS (advanced driver assistance systems) with critical inputs in real time.\nDriver Monitoring Systems (DMS) technology is set to become standard technology in most modern passenger cars for improved driver and semi-automated driving safety.\nNick DiFiore, GM of Automotive at Seeing Machines, commented:\n\"We are delighted to have further validation of our technology with this program award to extend the rollout of the FOVIO DMS across more vehicles for this major customer. \n\"Our team has worked closely with JSS to deliver this program and we are proud to continue our association.\"\n \nEnquiries:\n\n\n\n\nSeeing Machines Limited www.seeingmachines.com\n\n\n+61 2 6103 4700\n\n\n\n\nKen Kroeger, Executive Chairman & CEO \nSophie Nicoll, VP Marketing & Communications\n\n\n \n\n\n\n\nCenkos Securities plc (Nominated Adviser and Joint Broker)\nNeil McDonald/Beth McKiernan/Pete Lynch\n\n\n+44 131 220 6939\n\n\n\n\nCanaccord Genuity Limited (Joint Broker)\n\n\n+44 ...