Business
Half Year Results to 31 December 2016
Half Year Results to 31 December 2016.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 6219Z Seeing Machines Limited 16 March 2017 \n\n \n Seeing Machines Limited\n(\"Seeing Machines\", the \"Company\" or the \"Group\")\n \nHalf Year Results to 31 December 2016\n \n16 March 2017\n \nSeeing Machines (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services is pleased to announce its unaudited financial results for the six months to 31 December 2016.\n \n2016 was a transitional year for Seeing Machines, with the business moving from a direct-to-market model in mining to a royalty arrangement with Caterpillar, allowing the Company to refocus its efforts toward the Automotive, Fleet, Aviation and Rail markets and technologies.\n \nOperational\n· Automotive: Pipeline of automotive opportunities has strengthened, in addition to the previously announced major US automotive OEM customer orders. Applications expanding from dealing with drowsiness/distraction issues, to enabling semi/fully autonomous and next generation displays \n· Automotive: Company remains on track with its US OEM customer for first semi-autonomous vehicle with integrated Fovio Driver Monitoring System (\"DMS\") to be launched in 2017\n· Automotive: Expanded DMS research platform to additional leading OEMs and automotive research bodies\n· Automotive: Leveraging work from globally recognised funded research program to design our next generation driver state monitoring systems\n· Fleet: Development of sales channels including a global distribution partnership signed with MiX Telematics\n· Fleet: Global pipeline continues to build and new assessments engaged. There are currently over 60 assessments in progress including significant and prominent global freight brands\n· Mining: Post period end, appointment of Tim Crane, General Manager Caterpillar Services to Seeing Machines Limited Board, to drive safety related revenues for both companies\n· All markets: System in Package (\"SiP\") to provide cost effec...