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Seeing Machines inks five-year deal for Guardian tech with UK bus OEM

ALN

Seeing Machines Ltd on Friday said it has signed a five-year deal with an unnamed ‘leading’ UK bus original equipment manufacturer.

The Canberra, Australia-based designer of vehicle operator monitoring systems said its Guardian Generation 3 technology would be installed in buses after manufacturing, supporting sales of the OEM’s buses across Europe.

This aligns with the general safety regulation mandate for advanced driver distraction warning comes into force, it said.

The OEM has already installed around 200 vehicles with Guardian, and manufactures more than 1,700 units every year.

Seeing Machines added that the ‘homologation process’ - a formal process of granting approval by an official authority - is currently underway with four more commercial vehicle OEMs across Europe, which would represent a total potential volume of over 4,000 vehicles a year.

‘This agreement is a major step for Seeing Machines as we expand our Guardian Generation 3 technology across Europe, supporting our partners to meet the highest safety standards ahead of the GSR deadline,’ said Chief Executive Officer Paul McGlone.

‘Our growing collaborations with OEMs and industry leaders not only demonstrates the value of our AI-powered safety technology but also reflect Europe’s strong commitment to protecting road users. We are proud to play a pivotal role in making public and commercial transport safer for everyone across this region.’

Seeing Machines also said it was progressing towards a European-wide contract for an unnamed customer in the oil and gas sector, for which Guardian has already been deployed in the UK and four other European countries. A further expansion is planned under an umbrella agreement for Europe.

The group is also ‘actively supporting’ a number of multiple commercial passenger transport OEMs with Guardian in the UK ‘as they participate in tenders across the bus, rail and tram sectors’, Seeing Machines added.

Shares in Seeing Machines were up 8.8% at 2.71 pence in London on Friday afternoon. The stock is down 43% over the past year.

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