Oh deary, Seeing m/c chairman steps down and there is no explanation, - or replacement (a board member steps in-DYOR),
This was ann. at the AGM held in Canbera - that's about as far away as you can get from their AIM-listing, and puts a BIG question-mark over their strategy.

- I would have thought their Market was UK/Eur/US, so that's a GOOD reason for having their meetings in London (where many of their Investors will have access, inc. journalists!).

SP dropped 17% on the News....

EDIT (7Feb2012)- Recent RNS says Canadian Investor is holding 6% - but sp fell today, now 2.75p - not looking good, Eh?
EDIT (8Jn2012)- 15% down, today at 2.13p . . . . Trend/friend?
EDIT (11Dec2014) _ looks like5 Dec14 placing at 5.5p was oversubscribed.( sp today~ 5p7 ).
EDIT (3June2015) - 4p5 isn't exactly good news.
EDIT(21July2015)- sp 5.6 after Rec. in MOS and Co ann. deal with US auto maker to make their driver-alert kit available . . . . may be good idea for HGVs but the Market isn't impressed with deals - only Sales..
EDIT (21Sept2015)--sp 4.5p it's half that at the start of 2014 DYOR - if you include dealing costs, you've probably lost more than 60% - this isn't for me as I understand it's an Australian business, so why no AGMs in London?
EDIT (20Dec2016)-sp ~4.5p - - - Posters obv. like this Co... Just wonder if "driverless cars/lorries" will spook Automotive sales? . . . but new tech could take more than 10years to blow-away drivers' jobs.
EDIT(10Nov2017)-now 5p5 spiked to 6p on collaboration news - far too early for income.... expect fall-back.
EDIT (16Feb2018)-sp 5p looks like a fall-back happened.... now about half-=price compared with previous spike to 10p+ I'm just not sure that "driverless" will blow-away this business, which appear to be a Retro-but-similar. Given that the likes of Uber, and countless others making vehicles, I fear the money is in the "whole-thing" rather than the camera-parts. Time will tell.

Great chart.

LISTEN: Ken Kroeger, CEO of Seeing Machines, discusses the recent capital raising

Click here to listen

More shares issued and the share price remains stable at 7p.

Mostly all buying the last hour news must be soon.

Break-out today in with a chance of 8p.

http://www.moneyam.com/action/news/showArticle?id=4725249

Seeing Machines said Wagner Equipment Co. has become the first Caterpillar distributor for its Driver Safety System (DSS). The DSS technology and services were to be sold to customers in the mining industry exclusively through CAT dealers.

One to watch in 2014 says Shares magazine.

Tipped in todays Mail.

Star performer in 2013 will it fulfill its potential.

Q&A: Seeing Machines broadening its horizon

By Jeremy Naylor

December 31 2013, 10:36am
Q&A: Seeing Machines broadening its horizon

Seeing Machines (LON:SEE) shares have risen almost five-fold from the 2p seen back in May this year. The most recent move has been on the back of news that its driver Fatigue Monitoring System is now being adopted by European coach fleet operator, and in a separate agreement has achieved its first distributor deal with the earth moving company Caterpillar.

Ken Krueger is chief executive of the company and recently spoke to Proactive Investors (PI).

PI: Clearly investors are encouraged by these deals. Explain where they take the company.

Ken Krueger: I guess the deal with our success with Caterpillar and the warm reception to the technology in mining, it’s time for the company to look at other applications for the technology.

Commercial road transport and coaches have been one of the sectors we’ve been looking at for a long time. We finally feel that we’re ready to do that.

Royal Beuk has been trialling the technology in various formats for a number of years, exploring its potential and finally felt it was time to enter into a more serious trial. I guess this is our first entry point into that market.

PI: For investors the prospects look pretty good now. So, more of the same in the coming months with other coach companies and more dealerships coming online at Caterpillar?

Ken Krueger: I think for the coach companies what we really want to do is one extensive trial that would span the two tourist seasons in Europe through the winter. Taking them to the ski resorts and in the summer to the Mediterranean, to get a good sense of how the technology will hold up in that environment.

Also, to work hand in hand with Beuk to develop a business model that would be sustainable within the industry. In parallel to this we’re working with a number of commercial road transport trucking firms in North America, Europe and in Australia to establish some more trials.

PI: With the share price having risen so much and now nudging 10p, what's priced in at these levels?

Ken Krueger: If I think back over the last year we’ve been very public with the course we’ve set and telling people as much as we can, and to date delivering on those promises. In our recent trip to London, we exposed investors to what we’re trying to do.
I think - I'm not sure there's that much that isn't [priced in]. I think now it's up to us to really execute and perform to plan, and demonstrate through results that we’re capable of delivering.

PI: Let’s take a look out to 2014. What are going to be the highlights and the milestones you're looking to achieve?

Ken Krueger: I think really just to build; the number one thing is to really continue working with Caterpillar and make sure that we do that properly and that we derive all the value to that relationship that we can.

Secondly, is that we migrate that product to other larger markets outside of mining. The truck fleet population is multiples larger than the mining sector, and work our way towards some of those other targets we have announced, which are passenger car and in between that rail and aviation.

I guess we all know that aviation will take a little bit longer but in the next 18 months anyway [the aim] is to see a strong footprint in the road sector. Some inroad into the rail sector would make us all very happy.

Thanks for posting dreamcatcher.

Good luck mitzy, looks good and a happy new year.

And happy new year dc.

Buyers are back today could be the low.

Just had a dabble here.

Good timing the MACD has just turned positive..

Results of Australian and Overseas Offers ("the Offer")

Seeing Machines Limited (AIM:SEE), the AIM-listed technology company with a focus on computer vision based operator monitoring and intervention technology and services, is pleased to announce that it has finalised the Offer and raised £1 million through the issue of 20,000,000 new Ordinary Shares at a price of 5 pence per share to Seeing Machines Share and Depositary Interest holders who were on the record at 28 November 2013. This raising follows an earlier successful raising of £15 million from mainly institutional investors in December 2013.

The Offer to Seeing Machines Share and Depositary Interest holders was oversubscribed by nearly ten times. Because of this, the Directors were compelled to scale back allocations significantly. All underlying Depositary Interest holders who applied for less than 23,486 shares will receive the full number of shares they have applied for. All other qualifying applicants and underlying Depositary Interest holders will receive 23,486 shares*. (*Because the share issue was limited to 20 million, some applicants were allocated one share less than this number.) The Board believes that this was the fairest way to allocate the shares available, particularly in order to allocate the Company's smaller shareholders the same sized parcel of shares as the largest shareholders.

The Company's original plan was to raise up to £15 million in new equity in two tranches over 9-12 months. It was intended that the additional equity would be used to:

a. increase working capital to fund inventory and debtor growth to satisfy increased demand for Seeing Machines DSS systems in the mining and resource sectors,
b. accelerate development of the next generation of DSS technology targeted at the long distance road transport and coach markets,
c. accelerate development of technology targeted at the auto industry, aviation and mobile broadband markets,
d. undertake deeper market research to test the Company's hypothesis on size, price points and optimal distribution to reach these markets,
e. invest in the infrastructure to sell to and support the Company's growing global customer base and its deployment of employees closer to its main markets.

However, the confidence shown by the new investors first and then existing shareholders has allowed the Company to more quickly and certainly confirm its strategic direction without undertaking a delayed two tranche program and positions the Company to implement its plans in the knowledge that it has the capital in place to do so.

Commenting on the results of the Offer, Seeing Machines Chairman, Terry Winters said: "I am delighted to announce that the offer made to existing shareholders has been well received and oversubscribed. Together with the £15 million raised from new and existing shareholders in December 2013, Seeing Machines is now well placed to accelerate growth of its mining business through the Caterpillar alliance and enter new attractive markets from which demand is already being received. The shareholder interest in this issue reflects the excellent progress the Company has made in the last year."

Application has been made for the Offer shares to be admitted to trading on AIM and admission is expected to take place on or about 28 February 2014. It is also expected that Computershare will mail notifications and refund the balance of application moneys by cheque to all applicants on or about 28 February 2014.

Following the admission of the Offer shares, the Company will have 822,226,253 Ordinary shares on issue, all of which will carry voting rights. This figure may be used by shareholders of the Company as the denominator for calculations by which they will determine if they are required to notify their interest in, or change their interest in, the ordinary share capital of the Company.

Offer oversubscribed 10 times and applicants 43% of minimum.

Not surprising at that discount...

RESULTS FOR THE SIX MONTHS TO 31 DECEMBER 2013

Highlights:

· Total Revenue for the half year increased 17% to A$6,689,766 (2012: A$5,693,634);
· Increase in gross profit of 15% to A$3,322,935 (2012: A$2,887,500) due primarily to growth in DSS sales;
· Net loss increased by A$526,984 to A$844,903 (2012: loss of A$317,919). The loss was a result of tight cash flow ahead of the December capital raising which prevented the Company from paying for inventory that would otherwise have shipped in the first half;
· Cash at 31 December 2013 increased to A$26,449,133 (30 June 2013: A$835,001) mainly as a result of the capital raising of A$26,169,417 completed in December 2013;
· Order backlog at 31 December 2013 of over A$2,200,000 helping to secure future revenues;
· DSS revenues increased by 17% to A$4,311,755 (2012: A$3,699,553) with significant new business growth derived from North America and South America.

Big faller this morning on the news.

Buyers back today maybe this is the low.

RNS out today a Director has bought.

New Contract Win

Seeing Machines' Operator Safety Division announces further rollout of DSS with BHP Iron Ore

Canberra, Australia, 24 March 2014 - Seeing Machines (AIM: SEE) announces today that its Operator Safety Division has received purchase orders from BHP Billiton Iron Ore (ASX: BHP) for an additional 86 DSS (Driver Safety Systems) fatigue and distraction monitoring systems. The systems will be installed across BHP's Pilbara mine sites in Western Australia.

BHP Iron Ore will install the additional units across its Pilbara fleet of haul trucks and water carts. Following installation, BHP Iron Ore will have over 250 vehicles operating with DSS at their Mining Area C, Mt Whaleback, Eastern Ridge, Yandi, and Jimblebar Operations; making it one of the largest DSS fleets worldwide. The total value of this deployment is over AUD$1,400,000.

New Supplier

Seeing Machines ramps-up production with In-Tech Electronics

Canberra, Australia, 9 April 2014 - Seeing Machines Limited, the AIM-listed (AIM: SEE) technology company pioneering computer-vision based operator monitoring and intervention technology products and services, announces its appointment of In-Tech Electronics Ltd ("In-Tech"), a manufacturer of high-end electronic equipment headquartered in Hong Kong, to scale-up production of the Company's Driver Safety System (DSS).

The manufacturing agreement with In-Tech, initially for 3 years, will ensure that the Company is able to meet the current and future increased demand anticipated from Seeing Machines' customers and as a result of the Company's alliance with Caterpillar Global. Working with In-Tech will allow the Company to reduce its manufacturing and logistics costs and to reduce production lead times.

Appointment of Non-Executive Director

Seeing Machines Limited (AIM: SEE), the AIM-listed technology company with a focus on computer vision based operator monitoring and intervention technology and services, is pleased to announce that Mr James Allan (Jim) Walker, 61, will join the Board as a Non-executive Director with effect from 19 May 2014.

Jim has worked with Equipment Dealers supplying Construction, Agriculture, Mining, Government and Marine industries for 44 years, starting as an apprentice diesel/heavy equipment fitter in Australia with Hastings Deering, the Caterpillar dealer for Queensland, Northern Territory, plus Papua New Guinea and Solomon Islands.

In 2000 Jim was appointed Managing Director of WesTrac, the Caterpillar dealer for Western Australia. Subsequently, Jim became Chief Executive Officer for WesTrac Pty Ltd, which has Caterpillar dealerships in Western Australia, New South Wales, Australian Capital Territory and North East China. Jim retired from WesTrac in late 2013.

Jim is a member of the Australian Institute of Company Directors (AICD) and also the Australian Institute of Management (AIM WA), where he held the position of President WA (2008 - 2010) and National President - Australia (2010 - 2013).

Nice move up this morning.

Trying to hold above the 200ma.

Industry Sector Roadmap

"Nice move down this morning" shorters would say

not a holder of the stock but not looking good at the moment, is on a downtrend unless bounces at 5.13

Seeing Machines Signs Major CAT Dealer

Seeing Machines, the AIM-listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce it has signed a DSS sales and marketing agreement with Finning International, the world's largest Caterpillar dealer. The mutually exclusive agreement provides DSS sales and support in Canada, Chile, Argentina, Bolivia and Uruguay.

The Company is also proud to announce an exciting strategic DSS trial with Insurance Underwriting Managers (Pty) Ltd. ("IUM") in South Africa. IUM is a highly innovative, commercial transport insurance underwriter that is looking for ways of proactively assisting their clients. Working strategically with Seeing Machines, IUM will trial DSS with a major South African logistics fleet to assess the technology's ability to reduce fatigue and distraction related road accidents. If the trial is successful, IUM would work with its national broker network, their customers and Seeing Machines to broaden the uptake of the technology across their 25,000 insured commercial vehicles.

A number of new DSS trials are also being commenced with First Quantum Minerals, Fortescue Metals Group, Linfox Group, Pacific National, QUBE Holdings and Scott's Transport and Logistics. The expansion of Seeing Machines' footprint in both mining and commercial road transport includes a new application for the technology with over 30 DSS units going into mine site buses used to transport mine staff between living remote quarters and mine sites.

FOVIO eye-tracking distributor

Seeing Machines (AIM: SEE), a world leader in computer vision related technologies that help machines understand people by tracking and interpreting human faces and eyes, is pleased to announce the signing of EyeTracking Inc. as distributor of Seeing Machines' latest eye-tracking platform, FOVIO. EyeTracking Inc. will have exclusive distribution rights, bundling their industry-leading suite of software and analytic tools with Seeing Machines' world-class gaze-tracking technology platform, to the eye-tracking research market.

Since 2009, EyeTracking Inc. has been a key distributor of Seeing Machines' previous eye-tracking platform, FaceLAB. Seeing Machines' new FOVIO product reinvents eye-tracking capability to deliver higher performance, better accuracy and simpler set up.

EyeTracking Inc., founded in 1999, continues to pioneer the eye-tracking industry with recent patents for novel techniques in analysing 'dynamic areas of interest' and it's software suite, EyeWorks™, eye tracking software to enable simultaneous recording and live view across multiple displays in high-definition.

James Weatherhead, President of EyeTracking Inc. said: "We're delighted to partner with Seeing Machines to continue serving our customers with the latest generation technology platform. It's truly exciting to think about the potential future breakthroughs made possible with the robust eye-tracking performance that FOVIO offers."

Ken Kroeger, CEO of Seeing Machines said: "Given the great relationship that we've developed with ETI, and their pioneering work in developing a robust suite of analytic tools, we're confident that this is the right team to work with to empower the eye-tracking research community. Our entire focus is on our mission to save lives by leveraging operator monitoring technologies. Our approach is to develop strong relationships with the best companies in any market we target. EyeTracking Inc. is the right partner to build sales of our FOVIO product for the specialist research market, allowing us to focus our sales efforts on the large global markets for automotive, mining, transport and aviation applications."

Joint venture agreement for Latin America

Seeing Machines, (AIM: SEE) ("Seeing Machines" or the "Company") the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is proud to announce the formalisation of a strategic joint venture with Chilean company GTD Ingenieria de Sistemas ("GTD"). The jointly owned entity (with Seeing Machines taking a 55% equity stake) will form Seeing Machines Latin America and be integrated into Seeing Machines' global operations. The combination of Seeing Machines' technology with GTD's product knowledge, mining and transport safety experience and extensive regional knowledge and industry relationships will allow the joint venture to provide the highest levels of service to both mining and road transport customers and to Seeing Machines' newly partnered Latin American Caterpillar dealers.

GTD is a Chilean company that has provided road and transport safety systems to the mining market since 2005. The strong demand for a driver fatigue and distraction risk mitigation technology led GTD to select Seeing Machines' real-time operator monitoring solution DSS.

In 2011, GTD became an exclusive DSS distributor for the Chilean, Argentinian and Peruvian markets and to-date, have sold over 300 DSS units, including 180 units to one of the world's largest copper mines, BHP Billiton's Escondida. The Latin American region ("LATAM"), with over 6,000 haul trucks, is a large potential market for DSS.

Pablo Plá, Executive Director of GTD said: "GTD has been working with Seeing Machines' DSS operator safety technology to save lives in the Chilean, Argentinian and Peruvian mining markets for a number of years. We are immensely proud and committed to extending this mission throughout Latin America with our long term partners by the creation of Seeing Machines Latin America."

Ken Kroeger, CEO of Seeing Machines said: "Our company is entirely built upon successful relationships with the best companies in our target industries and customer markets, like the relationships developed with GTD and Caterpillar Global Mining. Our mission 'to save lives' is not limited to industry or geography; the formalising of this relationship will bring a whole new level of support to our efforts in the thriving markets of LATAM and is an exciting milestone in the growth of Seeing Machines at a global level. I welcome Pablo and his fantastic team to Seeing Machines."

From their website :- Seeing Machines ready to get things done in Latin America.

I've been sitting on these for a while, waiting for something to happen. Let's hope this gets them moving.

Going well today must be something happening.

Preliminary Results

Highlights

· Total revenue increase of 39% to A$17,762,246 (2013: A$12,735,741);
· Gross profit increased by 34% to A$10,012,894 (2013: A$7,492,697) due primarily to:
o a change in product mix resulting from higher DSS sales;
o the sale of services, including engineering consulting services;
o decline in faceLAB® and faceAPI™ sales.
· The existing DSS mining business remained profitable.
· With significant investment in additional R&D and resourcing the business for its growth into new markets, the consolidated results for the year delivered a net loss of A$2,706,380, representing a decline of A$3,261,331 from last year's profit of A$558,951.
· Cash at 30 June 2014 increased to A$22,764,774 (30 June 2013: A$835,001) due to:
§ proceeds from capital raised in December 2013 and January 2014 (A$27,977,575);
§ increased investment in inventory to fulfil the customer orders;
§ initial investment in expanding entry into an extended set of industry sectors;
§ developing scalable infrastructure to enable increased scaling of field support capabilities within the Company's main Driver Safety Solution ("DSS") markets;
§ increased investment in R&D.

Commenting on the Preliminary Results, Seeing Machines Chairman, Terry Winters said:

Overview

Seeing Machines achieved record sales in the year ended 30 June 2014, with particularly strong performance delivered from the Company's continued roll-out of its DSS products and services to the global mining sector. This growth has been aided by our strong relationship with Caterpillar and growing relationships with the Caterpillar Global Dealer Network and the increased reach these dealers bring to our distribution capabilities.

In parallel with the successes being derived from our DSS product range, we are experiencing significant interest from other much larger markets, including the long distance road freight transport industry and rail networks.



This has reinforced the Company's research and development focus:

· The development of OEM products for the world's leading automobile and truck manufacturers that in the foreseeable future are expected to lead to DSS type capabilities being incorporated into Advanced Driver Assistance Systems (ADAS) for new vehicles;
· The development of OEM products that will deliver DSS type capabilities into today's fleets of long distance road freight transport and rail network operators;
· The development of after-market products that will deliver DSS type capabilities into today's fleets of long distance road freight transport and rail network operators.

The Company ended the financial year with a strong balance sheet following its successful capital raising in late 2013. This capital provides the credibility to work in partnership with some of the world's largest companies, and the financial resources to accelerate our investment in core technologies that take advantage of the very substantial growth opportunities ahead of us.

Underpinning Seeing Machines financial results and future growth are the following factors:

· Seeing Machines is a leading supplier of Driver/Operator Safety Monitoring technology and services;
· Strong partnerships with most of the largest global companies in the mining and mining services markets;
· Seeing Machines has strong relationships with one of the world's largest automobile safety components suppliers to automobile producers and with some of the world's largest smart phone and tablet producers;
· Seeing Machines is actively engaged in developing technology that will play a valued role in the future of Advanced Driver Assistance Systems (ADAS);
· Seeing Machines' technology is widely recognised as current best in class for operating in outside light environments vs. competitors whose technology works well in more controlled light environments;
· Seeing Machines continues to attract and retain some of the best researchers in its space;

The focus of Seeing Machines' Management team is to continue developing and evolving products and services that maintain the Company's leadership position in these chosen markets.

Strategic Alliance with Takata

Seeing Machines Limited (AIM: SEE) (Seeing Machines or the Company) the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is proud to announce the signing of a 15 year strategic alliance with TK Holdings Inc., the Americas subsidiary of Takata Corporation (Takata) an automotive industry leader in the supply of advanced driver safety systems (ADAS). The companies have been collaboratively developing driver monitoring technology for two years and Takata has recently secured a contract to deliver its first ever mass-manufactured implementation of a driver-monitoring system that will warn drivers of lapses in attention, reducing the risk of potentially fatal accidents.

Edison Update

Memorandum of Understanding

Seeing Machines signs MOU with Samsung Electro-Mechanics Corporation (SEMCo) to facilitate joint development of face and eye tracking technology for the consumer electronics industry

Another good day finishing at the day's high on reasonable volume.

Yes Skinny. It seems to be building up a head of steam with regular positive news-flow. Pity I didn't top up earlier, but am in profit now.

Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce that it will hold its Annual General Meeting at its head office in Canberra, Australia at 5pm (Australian Eastern Daylight Time) on Tuesday 21 October 2014. The meeting will be held at Level 1, 11 Lonsdale Street, Braddon, ACT 2612.

The Notice of Annual General Meeting will be mailed to shareholders on 17 September 2014 and will also be available on the Company's website, at www.seeingmachines.com/investors.

Collaboration with Electro-Motive Diesel

Seeing Machines Limited, the AIM-listed (AIM: SEE) technology company pioneering computer-vision based operator monitoring and intervention technology services, has signed a strategic agreement with Electro-Motive Diesel, Inc. (EMD), a subsidiary of Progress Rail Services Corporation, a Caterpillar Company, related to in-cab operator fatigue and distraction monitoring systems for use in locomotives. A contract signing ceremony will be held at a press conference at InnoTrans-the largest international transport technology show-in Berlin, Germany, on Wednesday, September 24, 2014, 1-1:45 p.m. in Press Center Hall 6.3, Room A.

more..

Investor Update

AGM Statement

Capital Raising

Placing to raise £5.7m

Australian Offer and Overseas Offer to raise up to £1m

· Oversubscribed placing to support growth opportunities above and beyond initial plan

· More than 10 automotive OEMs engaged in assessment of our ADAS (Advanced Driver Assistance Systems) driving monitoring systems technology following announcement of Takata deal

· Accelerated interest by fleet operators in de-ruggedised DSS unit for fleet sales (trucks and coaches)

4 December 2014

Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce that it has raised £5.66 million, before expenses, through an equity placing. finnCap Ltd ("finnCap"), as the Company's broker, has conducted an oversubscribed placing of 102,963,652 new ordinary shares in the Company ("Ordinary Shares") (the "Placing Shares" and the "Placing") with new and existing institutional investors at a price of 5.5 pence per share (the "Placing Price"). The Placing demonstrates continued strong support by key shareholders and adds several further blue-chip institutions to the share register. In addition, the Company will provide an opportunity to certain existing shareholders to raise up to a further £1 million at the Placing Price or an AUD equivalent under an overseas offer and an Australian offer, details of which are set out below.

The net proceeds of the Placing, the overseas offer and the Australian offer (the "Fundraising") will provide the Company with working capital and further flexibility to pursue its six-sector business strategy, in particular to accelerate its engagement with a growing list of global car makers as well as launching a new product for the commercial transport market next year.


more..

Holding(s) in Company

Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, was informed on 10 December 2014 by Royal Bank of Canada that its holds 55,523,390 ordinary shares in the capital of the Company equating to 5.96 per cent of the Company's total voting rights.

Link copied - Jaguar Demos a Car That Keeps an Eye on Its Driver

CES Las Vegas and Result of Offers

Demonstration of next generation driver system at
Consumer Electronics Show (CES) in Las Vegas

· Offers raise £570,600, to supplement £5.7 million raised in December 2014 placing.
· Next generation driver monitoring system demonstrated with Jaguar at CES in Las Vegas.


14 January 2015

Results of Australian Offer and Overseas Offer

Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, announces that, further to its announcement on 4 December 2014, it has finalised the Australian and Overseas Offers (the "Offer") and raised £570,600 (approximately $1.05 million) through the issue of 10,378,188 new Ordinary Shares (the "Offer Shares") at a price of 5.5 pence (or 10 Australian cents) per Ordinary Share to eligible Seeing Machines Shareholders and Depositary Interest holders. The Offer follows an earlier successful raising of £5.7 million from new and existing institutional investors, as announced on 4 December 2014.

The net proceeds of the Offer will provide the Company with working capital and further flexibility to pursue its six-sector business strategy, in particular to accelerate its engagement with a growing list of global car makers as well as launching a new product for the commercial transport market.

Demonstration at Consumer Electronics Show

At the International Consumer Electronics Show (CES), held last week in Las Vegas, Seeing Machines demonstrated its next-generation driver monitoring system (DMS) in a modified Jaguar F-TYPE on the Intel stand. The prototype DMS was jointly developed with Takata and Jaguar Land Rover. The DMS uses attention-monitoring sensors to detect eye and facial movements so it can identify if the driver has become inattentive, either due to drowsiness or distraction. The interactive demonstration of the Company's technology at CES generated extremely positive responses from the automotive and silicon industries as well as the broader technology sector.

As previously announced, Seeing Machines is working with its partner Takata to develop driving monitoring system technology for automotive OEMs, with one OEM contracted and others in various stages of technology assessment and commercial discussions. The Company will make further announcements if and when it secures contracts, through Takata, for additional OEMs.

Further information on the CES demonstration can be found at http://www.seeingmachines.com/investors.

Admission of Offer Shares

Application has been made for the Offer Shares to be admitted to trading on AIM and admission is expected to take place on or about 15 January 2015.

Following the admission of the Offer Shares, the Company will have 940,978,309 Ordinary Shares on issue, all of which will carry voting rights. This figure may be used by shareholders of the Company as the denominator for calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the ordinary share capital of the Company.

Half Year Results to 31 December 2014

Key Points:

Financial

· Total revenue for the half year increased by 41% to A$9,437,346 (December 2013: A$6,689,766);
· Increase in sales, licensing and service income (A$5,867,061 compared to A$5,640,100 for 2013);
· Sales to the mining industry increased by 26%, despite challenging market conditions;
· Mining revenue beginning to transition from hardware sales to recurring revenue streams, with services revenue increasing by 62% to A$1,351,944;
· Net loss increased to A$4,310,464 (December half 2013: loss of A$844,903), reflecting planned increase in R&D activities and investments in sales and marketing resources;
· Cash at 31 December 2014 decreased to A$21,185,430 (30 June 2014: A$22,764,774) mainly as a result of the increase in these activities but offset by capital raising of A$10,627,929.


Operational

· Executing our strategy to commercialise our technology in six global industries: mining; commercial fleets; road vehicles; rail; consumer electronics; and aviation and simulators;
· Strategic alliance agreement signed with TK Holdings Inc., the Americas subsidiary of Takata Corporation, an automotive industry leader in the supply of advanced driver safety systems (ADAS);
· First contract secured with Takata, and product development underway, to deliver a driver monitoring system to a global passenger car OEM, with more than 10 other OEMs at various stages in assessing our technology;
· Strategic agreement signed with Electro-Motive Diesel, Inc. (EMD), a Caterpillar Company, related to in-cab operator fatigue and distraction monitoring systems for use in locomotives and other railway vehicles;
· Memorandum of Understanding (MOU) with Samsung Electro-Mechanics Corporation to facilitate joint development of face and eye tracking technology for the consumer electronics industry;
· A strategic alliance with Insurance Underwriting Managers in South Africa to trial DSSTM with a major South African logistics fleet to assess the technology's ability to reduce fatigue and distraction related road accidents;

· On track to launch DSSFleetTM product for the commercial road transport market in April 2015; and
· Strategic joint venture with Chilean company GTD Ingenieria de Sistemas to form Seeing Machines Latin America to enable the highest levels of service to both mining and road transport customers and our local Caterpillar dealers.

Expanded Alliance Agreement with Caterpillar

Seeing Machines (AIM: SEE), the AIM-listed technology company with a focus on operator monitoring and intervention technologies and services, is pleased to announce that it has signed a marketing and licence agreement with Caterpillar Inc., under which Caterpillar Safety Solutions will provide 24/7 monitoring and analytical services to their global customers using Seeing Machines' DSSTM products.

With key global Cat® dealers now marketing, selling and supporting Seeing Machines' DSS MiningTM product and support services, Seeing Machines and Caterpillar have formally entered the next phase of a four-phase global alliance agreement.

Caterpillar Safety Solutions (CSS), in tandem with global Cat dealers and Seeing Machines, will offer customers a unique, end-to-end fatigue risk management solution. The integrated solution combines technical consulting and change management services with a powerful technology suite that incorporates Seeing Machines' DSS in-vehicle protection and 24-hour DSSi operator monitoring service provided through Caterpillar's Condition Monitoring Centres.

Under license, Caterpillar data analysts will use DSSi to remotely monitor DSS equipped fleets around the clock in real time, analyse operator and system performance to help prevent incidents, identify risk trends and provide line of sight to a host of factors that influence not only safety, but also operational efficiency and vehicle performance and health.

Where the first phase of the Seeing Machines and Caterpillar global alliance focuses on the mining sector, this new offering is available across Caterpillar's broader industries, including construction, aggregate and quarry and forestry, and will be accessible through Caterpillar's global dealer network.

Fleet Product Launch

First Order for New Fleet Product

In addition to the announcement of a first order Seeing Machines also offered an update on its progress in other target markets. No numbers given in the update but seemingly encouraging on many fronts!

We will have to wait until July 2015 for a post financial year end trading update. The house broker forecasts revenues of AU$18.6m and adjusted loss before tax of AU$11.3m for the year to June 2015.

New research note at http://tinyurl.com/qekbvvp

Caterpillar Safety Services Deploy DSS in Fatigue Risk Assessment Program

Trading Update & New SVP Sales Appointed

DSS Sale in Zambia Kicks Off Strong Start to New Financial Year

Notice of Results

SEE & Caterpillar Sign Global Agreement

Final Results

Key Points:

Financial

· Revenue increased 20% to A$21.2 million (excluding foreign exchange gains), a record for the Company (FY2014: A$17.7 million).
· Increase of more than 70% in the number of products shipped, to 1,828 units, another record for the Company (FY2014: 1,059 units).
· Revenue largely from DSS mining product and services, with some revenue from initial sales of the new Seeing Machines Fleet product.
· Investment in systems and infrastructure to enable growth resulted in increased expenses for R&D, sales and marketing and corporate activities.
· Operational expenses increased to A$24.3 million (FY2014: A$13.2 million).
· Net loss increased to A$10.2 million (FY2014: loss of A$2.7 million), reflecting planned increase in R&D activities and investments in sales and marketing resources.
· Completed a capital raising of A$10.8 million (after costs). Cash reserves at 30 June 2015 were A$14.2 million (30 June 2014: A$22.7 million). At 30 June 2015 the Company had trade debtors of A$7.3 million (30 June 2014: A$5.5 million).

Operational

· Executing our strategy to commercialise our technology in six global industries: mining; commercial fleets; road vehicles; rail; consumer electronics; and aviation and simulators.
· Dramatic advances in automotive and aviation technologies.
· Continued increase in sales from DSS products and services, despite challenging conditions in the global mining industry. DSS revenue includes A$6.2 million from Seeing Machines Latin America, the Company's joint venture in Chile established in August 2014.
· Extended our exclusive global alliance with Caterpillar, first announced in May 2013, by signing DSS distribution agreements with additional Caterpillar dealers. In March 2015 we signed a marketing and licence agreement for Caterpillar Safety Solutions to provide 24/7 monitoring and analytical services to their global customers using Seeing Machines' DSS products.
· Developed and launched Seeing Machines Fleet, a new product for the commercial road transport market. Signed several distribution agreements and received first product orders.
· Strategic alliance agreement signed with TK Holdings Inc., the Americas subsidiary of Takata Corporation, an automotive industry leader in the supply of advanced driver safety systems (ADAS). Through Takata, the Company secured a contract to develop driver monitoring systems for a global car maker.
· Successful research collaboration with Boeing Research & Technology - Australia, providing the eye tracking technology that monitors and measures a pilot's situational awareness. A jointly developed solution was installed in a Boeing Flight Services 737 Flight Simulator at the Brisbane International Airport.
· Strategic agreement signed with Electro-Motive Diesel, Inc. (EMD), a Caterpillar Company, related to in-cab operator fatigue and distraction monitoring systems for use in locomotives and other railway vehicles.
· Memorandum of Understanding (MOU) with Samsung Electro-Mechanics Corporation to facilitate joint development of face and eye tracking technology for the consumer electronics industry.
· Ended the financial year with a strong balance sheet and strong pipeline.
· Management confident in ongoing strategy and growth delivery.

more....

Analyst interview by finnCap regarding Seeing Machines - listen here.

Half Year Results to 31 December 2015

Record revenue and profit results, driven by Caterpillar licensing deal

7 March 2016

Seeing Machines Limited (AIM: SEE) the AIM listed vehicle operator monitoring technology company, is pleased to release its unaudited financial results for the six months to 31 December 2015.

Key Points:

Financial

· Business revenue for the half year increased by 594% to A$29.3 million (December 2014: A$4.2 million) driven by the Caterpillar licensing fee of A$21.8 million
· Sales and service revenue increased by 76% (A$7.4 million compared to A$4.2 million for 2014)
· Mining industry sales increased by 6% to A$5.7 million, despite ongoing challenging market conditions
· Fleet revenue of A$681,484 for the half year
· Profit for the half year increased to A$11.2 million (December 2014 net loss of A$4.3 million), reflecting the one off Caterpillar licensing fee
· Cash at 31 December 2015 decreased to A$10.2 million (30 June 2015: A$14.2 million) mainly as a result of the increase in R&D activities and building out the working capital requirements for the fleet business.

Operational Highlights - Automotive

· As separately announced today, the Company has secured a follow on order to deliver a second generation driver monitoring system (DMS) to a global car maker, in partnership with Takata. This order follows the successful development of a first generation system for the same manufacturer, expected to launch this year in 2017 models. The second order is expected to deploy DMS technologies into more than ten, higher-volume, 2018 vehicle models.
· DMS technology is becoming a key component for semi-autonomous driving systems, with ongoing discussions at various stages with 13 other car makers.
· As previously announced, the Company is working on further strategic and commercial options to maximise the value of this very large market opportunity and capture more automotive business more quickly to maximise returns for our shareholders. This work has recently accelerated, with the Company appointing external advisors based in Palo Alto, USA, to advise the Board on how to optimise our structure and best fund and execute these plans. The Board and management also continue to take into account feedback and requirements from car manufacturers and the automotive supply market.
· Based on the strong market interest and advice we are receiving, the Board and management are currently working on a plan that includes developing and selling a propriety automotive hardware module containing the Company's driver monitoring engine software, rather than purely licensing its software. We believe this will enable the Company to capture a greater share of the revenue and margin in the automotive ADAS market.
· The Company is also investigating the option of executing these plans through a to-be established, separately-funded company, solely focused on the automotive industry. If the Company pursues this option, we expect to retain a significant equity stake. The Company and its advisors are in discussions with potential investors and strategic partners for this opportunity. The Company has not entered any binding commitments in respect of these funding plans and there is no guarantee that these plans will be realised. The Company will keep shareholders informed if and when these activities result in binding agreements.

Other Operational Highlights

· Continued to execute our strategy of commercialising our technology in multiple global industries: mining and rugged off-road industries; commercial fleets; road vehicles; rail and aerospace.
· Secured a global product development, licensing and distribution agreement with Caterpillar. Caterpillar will market Seeing Machines' DSS and Fleet products for in-cab operator fatigue and distraction monitoring, across multiple industries (mining, construction, cement, quarry, forestry and marine). In return for exclusive rights to our technology in their fields, Caterpillar pays Seeing Machines a license fee of A$21.85 million over four years, all of which has been recognised as revenue in the current period, plus ongoing royalties.
· Caterpillar is currently working with Seeing Machines to develop their first Cat branded DSS product and are contracting Seeing Machines' DSS manufacturer to restock their DSS hardware inventory.
· Successful deployment of Fleet units to Insurance Underwriting Managers' commercial fleet customers in South Africa, and accelerating Fleet assessments in Asia-Pacific, Latin America and the U.S.
· Plan to launch an enhanced Fleet Product in March which includes a Forward Facing Camera.
· Our in-cab operator fatigue and distraction technology is being trialled in locomotives by two rail customers in North America.
· Worked with Samsung to develop and demonstrate the world's first eye-tracking enabled heads-up-display (HUD) on a car windshield, on Samsung's transparent OLED display technology at the International Consumer Electronics Show in Las Vegas.
· Agreement to sell our shares in our joint venture company in Chile back to our original distribution partners, as part of the transition of the DSS business to Caterpillar.

SEE Sourced for 2nd-Gen Driver Monitoring System

Placing with new strategic investor to raise AUD 12.8m (GBP 6.7m)

Change of Non-Executive Directors

· Leading electronics manufacturer V S Industry takes a 12% stake
· New shares issued at premium of 20% to market price*

22 March 2016

Seeing Machines Limited, (AIM: SEE), the AIM listed vehicle operator monitoring technology company, is pleased to announce that it has today raised AUD 12.8 million (approximately GBP 6.7 million**) from a placing with a new strategic investor, V S Industry Berhad (VSI) through its wholly owned subsidiary V S International Venture Pte. Ltd. (VSIV), a leading integrated electronics manufacturing services provider (the "Placing"), subject to admission to trading on AIM.

* A total of 129,654,000 new ordinary shares in the Company (the "Placing Shares") have been placed with VSIV, at an issue price of 5.199 pence per share, which is a premium of 20% to the Company's 30-day volume-weighted average market price ended 16 March 2016. VSIV's interest in 129,654,000 shares represents a stake of 12% in the Company's issued share capital following admission of the Placing Shares.

The investment from VSIV will provide the Company with additional working capital to enable it to fund the recently announced automotive programs and ongoing automotive product developments. On 7 March 2016 the Company announced that it had secured a follow-on order for its DMS technology from one of the world's largest automotive manufacturers, in conjunction with tier 1 automotive partner Takata. As previously announced, the Company continues to investigate the option to establish its automotive business as a separately-funded company. The Company and its advisors are advancing discussions with potential strategic investors and industry partners for this opportunity.

V S Industry Berhad is a public listed company in Malaysia and Hong Kong, with over 34 years' experience of multi-product OEM contract manufacturing and electronics manufacturing services. VSI is ranked in the world's top 50 contract manufacturers and counts among its customers or partners, Dyson, Keurig Green Mountain, Zodiac, SMART Technologies, Valeo and Fluidic Energy. The VSI group employs over 11,000 staff and in the 2015 financial year generated revenue of approximately AUD 640 million.

Seeing Machines anticipates future benefits for its range of Guardian aftermarket commercial transport products arising from VSI's extensive product engineering experience, broad manufacturing capability and from influential transport related contacts in their regions of operation.

Mr Yong Kang (YK) Ng an Executive Director of VSI, joins the board of Seeing Machines as a non-executive director and Mr David Gaul, a non-executive director of the Company since 2004, retires from the board, both with effect from 22 March 2016.

** Based on an exchange rate of AUD:GBP: 0.52766 as at 16:30 GMT on 21 March 2016.

more...

Automotive Business Term Sheet Signed

16 May 2016

Seeing Machines Limited, (AIM: SEE), the AIM listed vehicle operator monitoring technology company, is pleased to announce that it has signed a term sheet with a US-based investment firm with extensive experience in automotive technologies, for investment into a separately funded company solely focused on commercialising Seeing Machines' technology in the automotive market. Seeing Machines would retain a significant equity stake in the new company. The term sheet is non-binding, except for customary legal obligations and due diligence. Seeing Machines and its advisors are working with the lead investor and other investors to finalise the investment round.

Ken Kroeger, Seeing Machines CEO commented: "This continued execution of our multi-sector transport strategy builds on our successful venture with Caterpillar for rugged off-road industries. We believe that spinning out the automotive driver monitoring business will sufficiently resource the automotive business, further develop our automotive industry relationships and maximise the return for Seeing Machines' shareholders."

"Additionally, the Company continues to develop and deliver driver monitoring systems (DMS) for a global car maker, for their first and second-generation DMS platforms, launching first in early 2018 models. The automotive industry requires the highest levels of reliability and this strong continued support confirms Seeing Machines' ability to deliver the automotive industry's requirement for driver monitoring technology."

SEEING MACHINES UNVEILS WORLD'S FIRST AUTOMOTIVE DRIVER MONITORING COMPUTER CHIP*



22 Sep finnCap Corporate 4.88 12.00 12.00 Reiterates

Seeing Machines technology could cut driving deaths

Bought in at 5.37p for the ISA

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SEE/12986503.html

Financial

· Revenue increased 161% to A$33.6 million (excluding foreign exchange gains and R&D tax grant income), a new record for the Company (FY2015: A$12.8 million).
· Revenue largely from license fees to Caterpillar Inc. for licensing of the mining product, DSS. (A$21.8 million). Consequently, revenue from DSS dropped by 29% compared to the prior year (FY2015: A$9.3m).
· Caterpillar royalty revenue stream of A$728,000 received from the first 6 months of operations
· Transition into the commercial fleet market gaining momentum with revenue from sales of the Guardian product totaling A$3.3m - up 29% on the prior year (FY2015: A$2.6m).
· Operational expenses increased to A$32.6million (FY2015: A$23.3 million).
· Net loss from continuing operations decreased to A$1.6 million (FY2015: loss of A$10.2 million), due to the one-off Caterpillar license fee offset by the increased spend of research & development. This net loss was better than market expectations.
· Completed a placing of A$12.8 million (after costs) from strategic investor, V S Industry Berhad (VSI).
· Cash reserves at 30 June 2016 were A$16.9 million compared to A$14.2 million at 30 June 2015.

Seeing Machines signs global distribution agreement with MiX Telematics

Seeing Machines (AIM: SEE), the AIM-listed technology company with a focus on fleet transport safety, operator monitoring and intervention sensing technologies and services announces that it has entered into a global distribution partnership with MiX Telematics (JSE: MIX, NYSE: MIXT), a leading global provider of fleet and mobile asset management solutions.

As part of the strategic global Guardian partner programme, the companies will collaborate on a co-branded fatigue and distraction solution that integrates Seeing Machines technology with MiX Telematics' fleet management and safety solutions. Additionally, as part of the agreement, MiX Telematics will distribute and implement existing and future versions of the Guardian solution.

The Seeing Machines Value Added Reseller 'VAR' programme is focused on identifying global implementation partners like MiX Telematics with extensive industry experience, strong B2B relationships and a well-established global channel partner network in place. MiX Telematics offers its fleet and mobile asset management solutions, through a Software-as-a-Service delivery model, to customers in more than 120 countries, across 6 continents and has a network of over 130 fleet partners.

Result of Australian and Overseas Offers and Total Voting Rights



20 January 2017

Seeing Machines Limited (AIM: SEE), the AIM listed technology company with a focus on operator monitoring and intervention sensing technologies and services, is pleased to announce that, further to its announcement on 13 December 2016, valid acceptances of the Australian and Overseas Offers (the "Offers") have been received in respect of £1.4 million (approximately AUD 2.3 million) through the issue of 35,695,382 new Ordinary Shares (the "Offer Shares") at a price of 4 pence per Ordinary Share. The Offer follows an earlier successful fundraising of £15 million.

Application has been made for the Offer Shares to be admitted to trading on AIM and admission is expected to occur on 25 January 2017 ("Admission").

Following Admission, the Company will have 1,486,455,161 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights will therefore be 1,486,455,161 and shareholders may use this figure as the denominator for calculations by which they will determine whether they are required to notify their interest, or a change to their interest, in the ordinary share capital of the Company.

Terms defined in the announcement published by the Company on 13 December 2016 shall have the same meaning in this announcement unless the context requires otherwise.

Fleet Update

finnCap Corporate 3.75 12.00 12.00 Reiterates

A TP they've had forever!

Does anyone wonder if the "Driverless car" will use SEE technology?...-or- will they be passed-over by the Tech/optical rush as Big-Boys develop Cameras-on-a-Chip, effectively taking SEE out of the discussions...... Robotics is potentially a huge Market with Humans being replaced ever more quickly. If CoC devices become cheap, then Multi-National Co's will develop the AI between CoC and the heavy engineering.
+Be prepared for 24-hr shops, that have no operational staff. (( On a high-street corner, near you ))
Grief, what will humans do to earn a crust?
Just a thought...

Autoliv Driver Monitoring Systems

Seeing Machines and Autoliv Work Together to Deliver Driver Monitoring Systems

17 August 2017

Seeing Machines (AIM: SEE), an industry leader in computer vision based technologies which enable machines to see, understand and assist people, announces that it will work in collaboration with Autoliv, a leader in Automotive Safety Systems, to deliver next generation Driver Monitoring Systems (DMS) for autonomous vehicles.

The collaboration leverages Seeing Machines' market leading DMS technology based on its FOVIO platform and processor to enhance Autoliv's existing Advanced Driver Assistance Systems (ADAS) offering through awareness of the driver attention state and other key safety indicators, such as distraction or drowsiness. Reliable understanding of driver state will also enable Autoliv development of highly autonomous driving functions, with safe hands-off-wheel operation. Within the collaboration, Autoliv will serve as a Tier 1 integrator of Seeing Machines technology, and overall system supplier to OEMs.

Seeing Machines CEO, Mike McAuliffe commented: "The collaboration between Seeing Machines and Autoliv is an excellent fit within our expanding partnership ecosystem. Both companies are technical leaders deeply committed to advancing safer driving through the development and deployment of our advanced DMS technologies for Automotive OEMs".
Johan Löfvenholm, President, Autoliv Electronics added: "Autoliv and Seeing Machines have teamed up to reduce distracted driver accidents. We both share a passion for saving more lives, and together, we will create one of the most advanced driver monitoring systems in the world."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Holdings in Company

23 August 2017

Seeing Machines (AIM: SEE), an industry leader in computer vision based technologies which enable machines to see, understand and assist people, announces that on 23 August 2017 the Company was informed that on 23 August 2017, Hunter Hall Investment Management Limited (a subsidiary of Pengana Capital Group Ltd) decreased its interest in ordinary shares in the Company ("Ordinary Shares") from 209,612,422 Ordinary Shares to 180,612,422 Ordinary Shares, representing 12.15 percent of the Company's total voting rights.

Business Outlook Update

17 October 2017

Seeing Machines (AIM: SEE), an industry leader in computer vision technologies which enable machines to see, understand and assist people, is pleased to provide a business outlook for the current fiscal year and next, as well as update on its associated investment plan discussions.



Based on performance to date, a strong pipeline and new product launches while acknowledging lower resource investments than previously planned, the Company now reasonably forecasts to deliver triple the revenue of FY17, with sales in the range of A$38M to A$43M for FY18. This builds on near triple revenue growth already delivered in FY171. For FY19, the Company projects to double the revenue of FY18, with sales in the range of A$78M to A$88M. Total contract bookings, which provide high visibility of future revenue, are expected to further outstrip this growth due to the nature of the Fleet SaaS recurring revenue model and advance multi-year contract wins of the Automotive business.

Conscious of its balance sheet constraints, the Company has moderated its investment profile and timing, while it is in the process of dialogue with shareholders and prospective new investors, including strategic investors. This fact is prudently reflected in the modest pullback in top line growth outlook as outlined.

The Company remains excited by the large and fast growing multi-faceted market opportunities in Commercial Fleet, Automotive and other segments. The Fleet business has strong momentum with a current pipeline of sales opportunities close to A$200M with growing engagements with larger fleets in USA, new opportunities in EMEA, a growing ecosystem of strong distribution partners in APAC and new global Telematics channel partners such Mix Telematics and GeoTab.


The Automotive opportunity is growing rapidly, driven by high levels of OEM engagement in evaluating and incorporating our FOVIO driver monitoring technology into new platform/model tenders driven by adoption of Advanced Driver Assistance Systems (ADAS) and Autonomous driving technology. Our growing ecosystem of Tier 1 partners is further bringing significant new OEM program opportunities worldwide. The Company is seeing a relentless drumbeat of interest and demand accelerated by the recent Euro NCAP Driver Monitoring System (DMS) mandate and the recent public launch of the Company's technology in the GM Cadillac Super Cruise, which is a market first launch of DMS enabled "hands-free" driving.



The Company looks forward to advancing its growth strategy and concluding its associated capital financing plans, to enable it to leverage its unique FOVIO AI Vision platform, to continue to build a leading global business in multiple high-growth markets.

New DMS Program Award with Premium German Auto OEM


30 October 2017


Seeing Machines (LSE: SEE), an industry leader in computer vision technologies which enable machines to see, understand and assist people is pleased to announce a program award with a premium German Automotive OEM in conjunction with a major Tier 1 automotive partner, to provide its FOVIO Driver Monitoring System (DMS) technology into new automobile models. The awarded models are scheduled for mass production launch starting in 2020.

more.....

Where next...

Seeing Machines' Dubai Based Distributor Wins Significant Guardian Contracts in 2017

30 November 2017

Seeing Machines (LSE: SEE), an industry leader in computer vision technologies which enable machines to see, understand and assist people is pleased to announce that Dubai based Technologica Information Technology LLC ("Technologica") has won two major Guardian deals in 2017 in the Middle East and Russia, with the combined opportunity expected by Seeing Machines to total 5,620 Guardian units. The Guardian units are expected to be ordered from Seeing Machines and installed over a one to two year timeframe and would represent the Company's largest single fleet customer deals to date.

Seeing Machines has received purchase orders in relation to the above from Technologica totaling 1,000 Guardian units, some of which have been delivered, but the majority of these 1,000 units are expected to benefit the current financial year. Technologica's first contract for Guardian units covers the fleet of a large Russian supermarket chain. Their second contract has been secured with a Dubai based public transport entity where Guardian will be installed into the full fleet, and integrated with telematics and additional Advanced Driver Assistance System technology.

Technologica, Seeing Machines' exclusive partner in the Middle East, provides a comprehensive range of technology implementation and consultancy services across the region. Technologica continues to work closely with many Middle East based organisations and has a strong pipeline of opportunities across the region.

Guardian is Seeing Machines' pioneering real time driver fatigue and distraction detection and intervention solution for commercial fleets.

Paul Angelatos, General Manager and President of Fleet, Rail and Off-Road at Seeing Machines commented: "We are delighted to be working closely with Technologica who have an impressive reputation and relationship base in their chosen markets. These successful deals reflect the significant opportunities for Seeing Machines' Guardian across the Middle East and Europe and we look forward to continuing this positive collaboration."

Mohammad Alsafadi, Director of Smart Solutions & Services of Technologica commented: "Working with Seeing Machines to deliver Guardian to these key customers is exciting and complements our mission of helping our customers achieve their strategic objectives by applying emerging technologies. We look forward to advancing other opportunities in the Middle East and Russia to expand the footprint of Guardian and help improve safety practices across commercial fleets and their communities in the region."

My concern with any "New Tech" is what is their "Barrier to entry" - for without that they are only as good as their last Order (= profit).... and I don't see much reward going to Shareholders . . . at least with Biotech there is the "Trials" and Patents which they may be able to protect if they are rich enough.... But cameras and software can be replicated very easily and why would any car-manufacturer want to pay for something their wiz-kids can cobble together to add to the "Features-list".
Getting Orders/Contracts is good in the short-term, but I worry that this business is slowly withering.... Look at the spikey-sp which appears to be drifting South, - after Earlier strong-interest generated by the company.
+ I added this to "earlier list" - here is Feb-2018....
EDIT (16Feb2018)-sp 5p looks like a fall-back happened.... now about half-=price compared with previous spike to 10p+ I'm just not sure that "driverless" will blow-away this business, which appear to be a Retro-but-similar. Given that the likes of Uber, and countless others making vehicles, I fear the money is in the "whole-thing" rather than the camera-parts. Time will tell...

Result of Offer and Total Voting Rights


16 January 2018


Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, is pleased to announce that further to the announcement made on 5 December 2017, the Offer was significantly oversubscribed by nearly five times with valid acceptances having been received in respect of 236,832,787 Ordinary Shares.


Qualifying Participants have been scaled back proportionately to their applications, resulting in gross proceeds to be received under the Offer of £2.40 million (approximately AUD 4.16 million), through the issue of 48,000,000 new Ordinary Shares (the "Offer Shares") at a price of 5 pence per Offer Share. The Offer follows the earlier successful fundraising of £35 million.


Application has been made for the Offer Shares to be admitted to trading on AIM and admission is expected to occur on 17 January 2018 ("Admission"). Following Admission, the total issued share capital of the Company will be 2,240,438,973 Ordinary Shares with no Ordinary Shares held in treasury. Therefore, the total number of voting rights in the Company post Admission will be 2,240,438,973 and this figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in Seeing Machines.


Capitalised terms not otherwise defined in this announcement shall have the same meaning ascribed to such terms in the announcement entitled "Successful Placing and Subscriptions to raise £35m" released on 5 December 2017, unless the context requires otherwise. 1 GBP:1.73 AUD.


Mike McAuliffe, CEO commented: "We are very pleased by this overwhelming demand in the Seeing Machines public offer, building on the recent over-subscribed £35 million institutional offer. We are gratified in the confidence placed in us by our existing and many new shareholders who see the significant market opportunity for the Company and more importantly the capability and progress of the Company towards realising these opportunities. We are fully committed to achieving these growth goals for all stakeholders and shareholders."

Just me left here?

Another look over 7p?

I'm still in from a while back and nearly at break-even now.
Fingers crossed Skinny.

Directorate Change

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, regrets to announce that CEO Mike McAuliffe is leaving the Company.

The Board wishes to thank Mike for his significant contributions to Seeing Machines and wish him well.

Executive Chairman Ken Kroeger has now been appointed as interim CEO by the Board until the recruitment of a new CEO is finalised.

Paul Angelatos General Manager and Senior Vice President of Seeing Machines Fleet SEE provides and update on recent news.

(Interview starts at 17 minutes 33 seconds)

8 February 2018

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, announces that the Company will be releasing its interim results for the six months ended 31 December 2017 on Monday 12 March 2018.

Analyst Briefing

A briefing for analysts will take place at 8.00am on Monday 12 March 2018 at the offices of finnCap Ltd, 60 New Broad Street, London EC2M 1JJ. Analysts who wish to attend should register by email with Sophie.Nicoll@seeingmachines.com

Investor Presentation and Investor Site Visit

A presentation by the Company to retail investors will take place on Wednesday 14 March 2018 at the offices of finnCap Ltd, 60 New Broad Street, London EC2M 1JJ at 6.00pm (the "Investor Presentation"). To register to attend the Investor Presentation, please email Sophie.Nicoll@seeingmachines.com

In addition, the Company will be showcasing Seeing Machines' Guardian technology at Croydon Tramlink Therapia Lane depot on Thursday 15 March 2018 at 10.00am (the "Investor Site Visit"). Numbers for this event are limited. For further information on the Investor Site Visit and to register to attend, please email Sophie.Nicoll@seeingmachines.com

Half Year Results to 31 December 2017

Automotive Design Award with Premium German OEM

26 April 2018

Seeing Machines Limited (AIM: SEE) ("Seeing Machines" or the "Company"), an industry leader in computer vision technologies which enable machines to see, understand and assist people, is delighted to announce a further program design win with an additional premium German Automotive OEM to deliver its FOVIO driver monitoring technology into new automobile models, planned for mass production from 2021.

Seeing Machines has been selected in conjunction with three major Tier 1 automotive suppliers to deliver the program covering much of the OEM model portfolio.

With an estimated revenue value of A$25M based on initial included models and lifetime volume projections, this program is expected to be classified as a large value program (according to previously provided guidelines). However, volume projections can change materially and, as is typical in automotive industry contracts, there are no guarantees on the level of overall revenues beyond engineering milestone payments. Given Euro NCAP's inclusion of Driver Monitoring Systems (DMS) as a proposed primary safety feature in their "Road Map 2025" from 2020, the Company believes that there is significant potential for the OEM program to grow significantly in revenue through increased DMS feature penetration and volume across all vehicle models.

Seeing Machines' FOVIO driver monitoring platform uses advanced machine vision technology to precisely measure and analyse head pose, eyelid movements and eye-gaze under a full spectrum of demanding lighting conditions, including through sunglasses. This data is processed to deliver real-time information on driver attention state, focus, drowsiness and impairment levels. DMS technology is typically used to enable intelligent ADAS and semi-autonomous driving systems as well as enabling advanced new display, safety and convenience features.

Nick DiFiore, General Manager of Automotive at Seeing Machines, commented: "This further award in Europe is evidence of our technology leadership as we continue to expand our position with premium Automotive OEMs to deliver world-class driver monitoring technology. We are thrilled to be working with an industry leading OEM and look forward to increased opportunities for our Automotive business in general around the world, as we further grow our ecosystem of Tier 1 partners to deliver our FOVIO platform products."

Automotive design win with US OEM for FOVIO chip

Another good day here.

Agreed Skinny. We've waited long enough for this one.

In a technological sweet-spot. With proven, long-term technology the sky could be the limit (safely, and with ongoing monitoring of course).

All time high I believe.

Up nearly 200% in less than 2 months. Can't be bad !

Up where the air is thin.

New SEE feature
SEE on twitter

Board Changes

OEM Design Award

Year end results

Aviation division signs pioneering program deal with Air Force

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety announced that it will provide eye and face tracking sensor technologies to the Royal Australian Air Force (RAAF) for a new Pilot Training System, marking the first commercial program agreement for the Group's Aviation division.

RAAF Acting Director Integration and Innovation, Danny McCreadie commented: "The 25-plus year Pilot Training System program will introduce new high-performance aircraft, resources and facilities to help develop the next generation of Australian military pilots.

"Seeing Machines' operator monitoring technology will initially be installed in two Pilatus PC-21 advanced flight training simulators to aid pilot candidates in reaching proficiency, support and optimise pilot streaming. This will improve overall training efficiencies, reduce cost and failure rate."

In line with the RAAF's Plan JERICHO, its strategy to transform by capitalising on future high technology systems, this initial engagement will enable Seeing Machines to demonstrate its core capability, with considerable potential for future deployment across a broad range of military platforms and systems.

Ken Kroeger, CEO of Seeing Machines commented: "We are delighted to debut our Aviation eye and face tracking capability with the Royal Australian Air Force. This program follows on from our successful engagement with several major airline carriers, simulator manufacturers and air traffic management services and is affirmation that the substantial work done by our team to develop this market is now paying off.

"We have been working closely with the RAAF to understand their training needs, as well as their broader priorities and capability requirements to develop the best solution using the Seeing Machines platform technology.

"With Air Force's transition to an integrated force, utilising advanced technology and aircraft capabilities, we are well aligned to support and deliver world-class training and operational efficiencies with this pioneering program."

Move aside, backseat driver! New tech at CES monitors you inside car

"Companies such as Israel’s Guardian Optical Technologies and eyeSight Technologies, Silicon Valley’s Eyeris Technologies Inc, Sweden’s Smart Eye AB SEYE.ST, Australia’s Seeing Machines Ltd (M2Z.L), and Vayyar Imaging Ltd, another Israeli company using radar instead of vision, are crowding the space. Many have already signed undisclosed deals for production year 2020 and beyond."

Cadillac Super Cruise named as 2019 Autoblog Technology of the Year

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Group"), the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, notes that General Motors has been named the winner of the Autoblog 2019 Technology of the Year award for its Cadillac Super Cruise system.

The Cadillac Super Cruise system is the world's first hands-free driving system for the highway and provides Level 2 automated driving. The Super Cruise system incorporates Seeing Machines' FOVIO driver monitoring technology to enhance safety, through direct measurement and enforcement of driver attentiveness to the roadway.

Ken Kroeger, CEO of Seeing Machines, said:

"The Cadillac Super Cruise system has been consistently lauded for its safe approach to Level 2 automated driving. We are delighted to have worked with General Motors to contribute to this award winning system and we congratulate them and all involved suppliers on this achievement."

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