REG - Seeing Machines Ltd - Seeing Machines, Air Ambulance Victoria contract

Seeing MachinesAnnouncement

24/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220224:nRSX6359Ca&default-theme=true

RNS Number : 6359C  Seeing Machines Limited  24 February 2022

 

Seeing Machines Limited

("Seeing Machines" or the "Company")

 

24 February 2022

 

Seeing Machines to deploy world-first pilot fatigue detection system for Air
Ambulance Victoria

Seeing Machines Limited (AIM: SEE), the advanced computer vision technology
company that designs AI-powered operator monitoring systems to improve
transport safety, will deliver its industry-leading eye-tracking solution to
Air Ambulance Victoria, to reduce the risk of pilot fatigue across its
operations.

 

Pel-Air supplies fixed wing air ambulance services to Air Ambulance Victoria,
providing medevac flights and medical transfers across the state. Air
Ambulance Victoria will instal Seeing Machines' Pilot Fatigue Monitoring
System into a minimum of four new aircraft to detect pilot fatigue in real
time. This system will also activate an alerting system to reduce the risks
associated with fatigue in safety-critical single-pilot operations and will be
retrofitted into the  aircraft in collaboration with Pel-Air's engineering
authority.

 

The contract, which is for an initial 10 year period with the option to extend
it for a further two years, has an initial value of around A$1m, including a
significant non-recurring upfront payment. This will see the Company install
the world's first operational pilot fatigue monitoring system and has the
potential to extend beyond the initial four aircraft in Victoria. The first
installation will be operational by the end of calendar year 2022, with the
remaining three aircraft scheduled for 2023. In the event that additional
aircraft are added to the contract then additional revenues will be payable to
the Company.

 

Patrick Nolan, GM of Aviation at Seeing Machines commented: "Permanently
installing our technology into the cockpit for the first time is not only
ground-breaking and will likely open up many more opportunities, but so
relevant  given the critical setting within which Air Ambulance Victoria
works.

 

The Pilot Fatigue Monitoring System will signfiicantly enhance safety in these
highly sophisticated single pilot operated aircraft, often flying in
unpredictable conditions, given the remoteness of where they have to operate.
This contract represents a perfect fit for why Seeing Machines exists, to get
people home safely, and is very well suited to the mission of this safety
focused customer."

 

 

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

 Nick Adams

 Lionsgate Communications (Media Enquiries)                     +44 7791 892509

 Jonathan Charles

 

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  MSCZZGZZMFZGZZZ