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Seeing MachinesAnnouncement

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RNS Number : 7952N  Seeing Machines Limited  06 January 2026

 

Seeing Machines Limited ("Seeing Machines" or the "Company")

 

Seeing Machines to receive accelerated lump sum royalty payment of ~US$14.1m
under Automotive Program Guarantee

6 January 2026

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, today announced it will receive an accelerated lump sum
royalty payment of approximately US$14.1 million from a Tier 1 automotive
customer under an existing Automotive Program Guarantee.

The payment, which will be received this month, relates to a material change
to a production program which has enabled a renegotiation of the royalty
payment terms, under guarantee. The accelerated payment is being made in lieu
of future royalty payments that would otherwise have been received over the
next four years.

The accelerated cash generated from this payment and associated revenue
recognised will further increase profitability and cash generation in the
second half of FY2026. The third quarter of FY2026 represents a significant
financial milestone for the Company as it will be the first quarter of
generating positive earnings and cash.

Looking ahead, automotive royalty revenues are expected to increase materially
over the next two quarters, driven by the rollout of General Safety Regulation
(GSR) legislation across Europe. These regulatory requirements are anticipated
to accelerate both demand for and fitment rates of Seeing Machines' proven
driver monitoring technology, particularly in European vehicle programs,
supporting additional high-margin royalty revenue.

In parallel, the Guardian Aftermarket solution continues to gain traction in
new geographies, particularly in Europe and North America. As momentum builds,
Guardian is expected to achieve a quarterly sales run rate exceeding 6,000
units by Q3 FY2026.

With these developments, Seeing Machines expects to deliver improved positive
cash flow in early 2026, reinforcing the Company's progress toward sustainable
financial performance.

Paul McGlone, CEO of Seeing Machines, said: "The guarantees we have in place
with this customer mean that we are able to receive guaranteed royalty revenue
for this program as originally planned and, in this case, benefit from an
accelerated, high-margin cash injection that directly supports the ongoing
growth of the business.

We are now well positioned to continue executing our strategy, build cash
reserves, and progress a range of options to meet our convertible note
obligations in October 2026."

This announcement contains inside information under the UK Market Abuse
Regulation. The person responsible for arranging for the release of this
announcement on behalf of the Company is Paul McGlone, CEO.

Enquiries:

 Seeing Machines Limited                    +61 2 6103 4700
 Paul McGlone - CEO

Sophie Nicoll - Corporate Communications
 Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)               +44 20 7710 7600
 Alex Price

Fred Walsh

Brough Ransom

Ben Good

About Seeing Machines (AIM: SEE), Seeing Machines is a global company founded
in 2000, headquartered in Australia and is an industry leader in vision-based
monitoring technology that enables machines to see, understand and assist
people. Seeing Machines is revolutionising global transport safety with its
technology portfolio of AI algorithms, embedded processing and optics, that
power products which must deliver reliable real-time understanding of vehicle
operators. The technology spans the critical measurement of where a driver is
looking, through to classification of their cognitive state as it applies to
accident risk. Reliable "driver state" measurement is the end-goal of Driver
Monitoring Systems (DMS) technology that Seeing Machines develops to drive
safety for Automotive, Commercial Fleet, Off-road and Aviation. The company
has offices in Australia, USA, Europe and Asia, and supplies technology
solutions and services to industry leaders in each market
vertical. www.seeingmachines.com (http://www.seeingmachines.com/)

 

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