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.

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."