Sep 18th 2013 - Edison Investment Research today published a report on Seeing Machines (SEE.L, LSE:SEE, LON:SEE) entitled "Eye-tracking Opportunities". In summary, the report says:
Seeing Machines (SM) announced 66% FY13 revenue growth, driven by strong demand from resources companies for its DSS (Driver State Sensor) fatigue and distraction monitoring product. The deal with Caterpillar, a blue-chip manufacturer of construction and mining equipment, sets in place a strong alliance to exploit the value in the mining haul truck market. We now expect SM’s focus on operator safety to shift to the much larger road transport sector. However, the biggest value in the group’s eye- and face-tracking IP is potentially in high volume consumer devices and SM has been talking to leading consumer electronics companies with a view to incorporating its IP into their products.
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