REG - Seeing Machines Ltd - Seeing Machines inks additional Occula NPU licence

Seeing MachinesAnnouncement

20/04/2022 07:00

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RNS Number : 5954I  Seeing Machines Limited  20 April 2022

 

Seeing Machines Limited

 

20 April 2022

 

Seeing Machines inks additional Occula® NPU licence

 

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, has signed an IP licence
agreement ("Agreement") for its Occula® Neural Processing Unit (NPU) with an
additional US based semiconductor company.

 

Representing the second licence of its Occula® NPU into the automotive
semiconductor ecosystem, this Agreement will target development of a single
semiconductor product with the option to expand into a larger family of
devices. The licence  facilitates another fully hardware accelerated and
optimised silicon platform, via the Occula® NPU, exclusively enabling Seeing
Machines' leading e-DME (embedded Driver Monitoring Engine / software) in a
cost, performance, and power optimised fashion for automotive driver,
occupant, and interior monitoring applications.

 

Licensing the Occula® NPU is the third pillar of the Company's "three-pillar
embedded product strategy", which also includes it's FOVIO Chip solution and
e-DME Software offering, and represents Seeing Machines' strategic approach to
meeting the fast-growing needs of the global automotive interior monitoring
market.

 

Occula® is a unique, application specific NPU that has been specifically
designed to enable highly efficient human detection and tracking. It is also
capable of running optimised networks (such as MobileNet and Resnet) to allow
for efficient execution of state-of-the-art multi-object single-shot
detection, achieving maximum silicon utilisation and minimum cost of
processing.

 

Paul McGlone, CEO of Seeing Machines commented: "This additional IP license is
an important milestone for Seeing Machines. It represents more validation that
our three-pillar, systems focused, strategy is fitting and supportive of the
automotive industry as it evolves rapidly to meet regulatory and customer
demand with additional safety and functional outcomes, while minimising cost,
package space, and power.

 

"Occula is an important performance enabler for devices that employ it, and we
expect it to continue to drive market share and revenue expansion for our
FOVIO e-DME product offering. Seeing Machines will continue to innovate our
algorithm pipeline in line with our Occula NPU to ensure we continue to offer
the most sophisticated and efficient processing options to our customers."

 

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

 Ross Poulley

 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)

 

 

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