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.

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!