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Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Appointed by an existing ‘tier 1’ client to deliver Seeing Machines’ driver & occupant monitoring system for an additional programme with an existing ‘large European-based global automotive group’ customer. Doesn’t name the client or the customer. The deal is for original equipment manufacturing. Says the programme has an initial lifetime value of A$45 million, about $32 million, and will start production in 2024. Seeing Machines notes the cumulative initial lifetime value of all OEM programmes that it has won to date now stands at A$435 million.
Current stock price: 6.26 pence, up 0.2% in London on Thursday
12-month change: down 39%
By Tom Waite, Alliance News editor
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