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Seeing Machines well placed to capitalise on uptake of driver monitoring systems

Wednesday, January 16, 2019 6:33

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Ken Kroeger, chief executive of Seeing Machines Limited (LON:SEE), tells Proactive London’s Andrew Scott first half trading was in line with expectations as interest continues to grow in its driver monitoring systems (DMS) across all of its transport sectors.

The company’s expecting to report first half revenues of A$13.5mln compared to A$14.6mln last year, in line with its revised projections following a review of its fleet business in September.

Kroeger says they’ve been investing significantly in the automotive arm over the last year to build further capacity and de-risk delivery on current programmes with original equipment manufacturers (OEMs), which represent projected revenues of A$138mln between 2019 and 2026.

Story by ProactiveInvestors

Source: https://www.proactiveinvestors.com/companies/stocktube/11864/seeing-machines-well-placed-to-capitalise-on-uptake-of-driver-monitoring-systems-11864.html

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