REG - Seeing Machines Ltd - Japanese Auto Award and Extended European Program

Seeing MachinesAnnouncement

Wed 07:30

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251126:nRSZ0662Ja&default-theme=true

RNS Number : 0662J  Seeing Machines Limited  26 November 2025

 

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

 

26 November 2025

Seeing Machines announces new award in Japan and additional business with
existing European Automotive Tier 1 customer

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, is pleased to announce additional new business with an
existing European Tier 1 and OEM customer. The initial program is already in
production, incorporating the Company's Driver Monitoring System (DMS)
technology.

To support the implementation of the Tier 1's enhanced interior perception
system for this OEM customer as they launch semi-automation functionality,
Seeing Machines' cutting-edge DMS technology will continue to be deployed to
satisfy the OEM customer's overall driving experience needs, with enhanced
safety and convenience.

The initial lifetime value of this new business is approximately US$10m and
the additional program volume is expected to commence production in 2028 and
continue through 2031.

Further, Seeing Machines has been appointed by Mitsubishi Electric Mobility
Corporation (MELMB) to deliver a small program for a leading Japanese OEM,
with production scheduled for 2028. This program, with an initial value of
US$1.6m, reinforces Seeing Machines' long-term growth strategy with MELMB in
Japan, and the Company is confident of securing additional opportunities as
this progresses.

These new business awards bring the total cumulative initial lifetime value
for all Seeing Machines Automotive programs won to date, to over US$400m, the
majority of which is expected to be received by 2028.

Paul McGlone, CEO of Seeing Machines, commented: "We are delighted to extend
our scope with this European Tier 1 customer as we collaborate to deliver
leading edge DMS solutions and get more people home safely every day. And the
announcement of our inaugural win with MELMB marks an important milestone for
our operations in the region.

"As the July 2026 deadline for camera-based DMS in Europe approaches, it is
our expectation that many current Automotive programs will be extended and
potentially expanded to incorporate additional features. Leveraging our
existing relationships will be instrumental in shaping our business
expectations as OEMs address regulatory requirements for advanced distraction
warning across the region. Our track record of successfully supporting
programs to production is demonstrated by over 4 million vehicles equipped
with our technology on the road as reported at the end of Q1 FY2026."

 

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), 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)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTPPGPWGUPAUQQ



            Copyright 2019 Regulatory News Service, all rights reserved