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SEEing in the dark (SEE)     

hangon - 14 Dec 2011 13:23

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.

skinny - 05 Aug 2014 07:34 - 34 of 107

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."

skinny - 08 Aug 2014 07:07 - 35 of 107

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."

skinny - 08 Aug 2014 16:19 - 36 of 107

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

Rocky - 08 Aug 2014 16:45 - 37 of 107

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

mitzy - 15 Aug 2014 08:32 - 38 of 107

Going well today must be something happening.

skinny - 29 Aug 2014 07:40 - 39 of 107

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.

skinny - 01 Sep 2014 07:09 - 40 of 107

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.

skinny - 01 Sep 2014 12:26 - 41 of 107

Edison Update

skinny - 08 Sep 2014 07:18 - 42 of 107

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

skinny - 08 Sep 2014 16:31 - 43 of 107

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

Chart.aspx?Provider=EODIntra&Code=SEE&Si

Rocky - 08 Sep 2014 18:20 - 44 of 107

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.

skinny - 17 Sep 2014 07:09 - 45 of 107

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.

skinny - 22 Sep 2014 07:06 - 46 of 107

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..

skinny - 10 Oct 2014 07:03 - 47 of 107

Investor Update

skinny - 21 Oct 2014 07:10 - 48 of 107

AGM Statement

skinny - 04 Dec 2014 07:36 - 49 of 107

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..

skinny - 11 Dec 2014 11:19 - 50 of 107

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.

skinny - 05 Jan 2015 06:51 - 51 of 107

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

skinny - 14 Jan 2015 11:49 - 52 of 107

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.

skinny - 02 Mar 2015 07:07 - 53 of 107

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.
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