Business
OEM Design Award
OEM Design Award.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 9364V Seeing Machines Limited 27 July 2018 \n\nSeeing Machines Limited\nOEM Design Award\n \n27 July 2018\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 secured a further program design win, working with a major Tier 1 partner, for a Chinese OEM to deliver the Group's Driver Monitoring System (DMS) technology. \nMass production is scheduled from 2019 and the technology will be delivered on Seeing Machines' proprietary FOVIO Chip. The Group's ability to deliver its DMS technology on the FOVIO Chip broadens its addressable market considerably, particularly given the timeframes in which OEMs are beginning to implement semi-automated driving technology and incorporating DMS to enhance safety.\nThe estimated lifetime revenue value of this program is more than A$10m based on initial models included in the agreement. The first material production revenue is expected to be recognised in Seeing Machines' 2020 financial year. \nThis design win underpins Seeing Machines' global leadership position in DMS technology and brings the Group's automotive customer base to six global Tier 1s and five OEMs, with numerous new vehicle models launching in the 2019-2022 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. \nThis data is processed to deliver real-time information on driver attention state, focus, drowsiness and impairment levels. DMS (driver monitoring system) technology is typically used to enable intelligent ADAS (advanced driver assistance systems) and semi-autonomous driving systems as well as enabling advanced new display, safety and convenience features.\nNick DiFiore, GM of Automotive at Seeing Machines, commented: \n\"This latest design win is further evidence of the rising demand for Seeing Machines' DMS technology and recognition of the key role it can play in improving transport safety. The deal brings our sixth customer from the automotive sector, illustrating continued strong momentum in the business.\n\"We are delighted that this OE...