Business
Statement regarding Press Speculation
Statement regarding Press Speculation.
About this update from Seeing Machines Limited
[{"type":"text","content":"\n \nRNS Number : 2368H Seeing Machines Limited 09 March 2018 \n\n \n \n \n9 March 2018\nSeeing Machines Limited\n \nStatement regarding Press Speculation \n \nSeeing Machines Limited (AIM: SEE) (\"Seeing Machines\" or the \"Company\"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, notes the recent press rumour and speculation and confirms that it is in negotiations to deliver its FOVIO Driver Monitoring Systems (\"DMS\") for an additional new Automotive OEM.\nIf secured, this program design win would be a significant win for Seeing Machines, working with one or more Tier 1 automotive supplier for a new third OEM, again validating the strengths of the FOVIO DMS. \nThis opportunity forms a part of Seeing Machines' current potential sales pipeline, and if won, would not materially change management's overall expectations in relation to likely financial performance of the business in the coming years. At this time there can be no certainty that this sales opportunity will result in a sales contract for the Company. A further announcement will be made as and when appropriate.\nEnquiries:\n\n\n\n\nSeeing Machines Limited\n\n\nwww.seeingmachines.com / +61 2 6103 4700\n\n\n\n\nKen Kroeger, Executive Chairman & Interim CEO \nMedia inquiries\n \n\n\[email protected]\[email protected]\n\n\n\n\n \n\n\n \n\n\n\n\nfinnCap Ltd (Nominated Adviser and Joint Broker)\n\n\n+44 20 7220 0500\n\n\n\n\nEd Frisby / Emily Watts, Corporate Finance\nTim Redfern / Richard Chambers, Corporate Broking\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCanaccord Genuity Limited (Joint Broker)\n\n\n+44 20 7523 8000\n\n\n\n\nSimon Bridges\nRichard Andrews\nAlexander Napier\n\n\n \n\n\n\n\n \nAbout Seeing Machines\nSeeing Machines (LSE: SEE) is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company deploys its FOVIO machine learning vision platform to deliver real-time understanding of drivers through AI analysis of heads, faces and eyes for Driver Monitoring Systems (DMS), which monitor driver attention state including drowsiness and distraction. DMS is increasingly considered a core automotive safety technology as well as an enablin...