REG - Seeing Machines Ltd - Seeing Machines and Mobileye to target Aftermarket

Seeing MachinesAnnouncement

06/02/2023 07:00

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RNS Number : 9983O  Seeing Machines Limited  06 February 2023

 

Seeing Machines Limited

("Seeing Machines" or the "Company")

 

 

6 February 2023

 

Seeing Machines and Mobileye to jointly target Aftermarket business

 

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 it has signed a
non-exclusive Distribution Agreement ("Agreement") with Mobileye Vision
Technologies Ltd ("Mobileye"), industry leader in the development of advanced
driver assistance systems ("ADAS") and autonomous driving technologies.

 

The Agreement enhances Seeing Machines' Aftermarket offering, Guardian, which
targets the commercial fleet sector, by incorporating the Mobileye suite of
Aftermarket products to alert drivers of potentially dangerous situations.

 

Guardian keeps thousands of commercial fleet drivers safe in more than 26
countries by using proprietary face and eye tracking algorithms to detect
whether a driver is fatigued or distracted. The system is connected to a 24/7
monitoring centre and cloud analytics engine that gives fleet owners a variety
of customisable intervention and analytics options.

 

Mobileye and Seeing Machines will jointly market these mission-critical
products to provide holistic safety solutions to transport and logistics
customers globally.

 

Paul McGlone, CEO of Seeing Machines, said: "With the EU's updated General
Safety Regulation coming into force and awareness around driver safety
growing, we are delighted to be working with Mobileye, and leveraging their
leadership position in ADAS, to help realise our shared objective of reducing
fatal accidents on our roads."

 

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

 Ben Burnett

 Dentons Global Advisors (Media Enquiries)           +44 20 7664 5095

 James Styles

Jonathon Brill

 seeingmachines@dentonsglobaladvisors.com
 (mailto:seeingmachines@dentonsglobaladvisors.com)

 

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 is revolutionizing global transport safety. Its 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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