REG - Seeing Machines Ltd - Bipartisan infrastructure legislation

Seeing MachinesAnnouncement

08/11/2021 07:05

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RNS Number : 5742R  Seeing Machines Limited  08 November 2021

 

Seeing Machines Limited

 

8 November 2021

 

 

Bipartisan infrastructure legislation includes lifesaving automotive
technology

New law would require Driver Monitoring System technology to stop distracted
and drunk driving

 

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the
advanced computer vision technology company that designs AI-powered operator
monitoring systems to improve transport safety, announces that the U.S. House
of Representatives on Friday 5 November, passed a bipartisan infrastructure
agreement which contains key provisions to improve road safety. President
Biden is expected to immediately sign the legislation into law.

 

Specifically, the legislation includes pieces of the SAFE Act, introduced by
Senators Markey, Blumenthal, and Klobuchar and Representative Jan Schakowsky
which would require Driver Monitoring System (DMS) technology to detect
distracted driving. In addition, the legislation includes the RIDE Act, which
was sponsored by Senators Rick Scott and Ben Ray Lujan in the Senate and
Representatives Debbie Dingell, Kathleen Rice, and David McKinley which would
require new cars to use advanced drunk driving technology to stop impaired
driving.

 

The safety provisions would require the National Highway Traffic
Administration (NHTSA) to carefully research DMS and begin the rulemaking
process to regulate this technology. These advancements follow the lead in
Europe where DMS is required in new cars, vans, trucks and buses to detect
distracted and drowsy driving starting from 2022.

 

Paul McGlone, CEO of Seeing Machines commented: "DMS is already on the road
today in systems like General Motors' Super Cruise and can tell whether the
driver is engaged in the driving task or is distracted. If the driver is
distracted, it has the ability to warn the driver and save lives.

 

"Seeing Machines welcomes this progress on automotive safety and we look
forward to continuing work with the U.S. Congress and NHTSA to ensure these
technologies are available to all drivers and save the maximum number of
lives."

 

This legislation comes at a critical time in the United States. Early
estimates from NHTSA point to a 18.4% increase in traffic deaths in the first
half of 2021. This is largest increase in U.S. auto fatalities since 2006. In
2019, 3,142 people were killed due to distracted driving, 10,142 people
died by alcohol impaired driving, and 697 people were killed by drowsy
driving. DMS has the potential to reduce and one day, eliminate all of these
crashes.

 

 

 

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

 Sophie Nicoll - Corporate Communications

 Cenkos Securities plc (Nominated Adviser and Broker)           +44 131 220 6939

 Neil McDonald

 Pete Lynch

 Stifel Nicolaus Europe Limited (Joint Broker)                  +44 20 7710 7600
 Alex Price

 Nick Adams

 Lionsgate Communications (Media Enquiries)                     +44 07791 892509

 Jonathan Charles

 

 

Seeing Machines (LSE: SEE), a global company founded in 2000 and headquartered
in Australia, is an industry leader in vision-based monitoring technology that
enable machines to see, understand and assist people. Seeing Machines'
technology portfolio of AI algorithms, embedded processing and optics, power
products that need to 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. Seeing Machines develops DMS technology
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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