Smart Eye AB (publ) logo

SEYE - Smart Eye AB (publ) News Story

SEK206.5 4.0  2.0%

Last Trade - 4:18pm

Sector
Technology
Size
Small Cap
Market Cap £334.9m
Enterprise Value £307.8m
Revenue £6.99m
Position in Universe 597th / 1890

BRIEF-Smart Eye Receives Two Additional Design Wins From Korean OEM

Wed 14th October, 2020 3:33pm
Oct 14 (Reuters) - Smart Eye AB (publ)  SEYE.ST :
    * SMART EYE RECEIVES TWO ADDITIONAL DESIGN WINS FROM KOREAN
OEM
    * SMART EYE HAS BEEN SELECTED TO DELIVER ITS DRIVER
MONITORING
SOFTWARE TO AN EXISTING CUSTOMER FOR TWO CAR MODELS ON AN
ADDITIONAL PLATFORM
    * COMBINED LIFE-TIME ORDER VALUE OF TWO CONTRACTS IS
ESTIMATED TO
100 MSEK
    * POTENTIAL VALUE FROM ADDITIONAL DESIGN WINS ON NEW
PLATFORM
EXCEEDS 500 MSEK.
    * PRODUCTION OF PREMIUM CAR MODELS CONTAINING SMART EYE'S
TECHNOLOGY WILL BEGIN IN LATE 2021.
    * ESTIMATED REVENUE FOR TWO MODELS IS 100 MSEK, BASED ON
PRODUCT
LIFE CYCLE VOLUME PROJECTIONS.

Source text for Eikon:  ID:nWkrgttPV 
Further company coverage:  SEYE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.