Seeing Machines' FOVIO system to be installed in more models by existing customer
Seeing Machines Limited (LON:SEE) said its FOVIO driver monitoring platform is to be installed into additional car models for an existing German customer.
The expanded deployment with the original equipment manufacturer includes variants targeting the European New Car Assessment Programme (Euro NCAP) safety goals.
READ Seeing Machines plays down Volvo speculation
The expanded engagement, scheduled for production from 2021, is expected to deliver incremental revenue of between A$11mln and A$30mln to the AIM-listed driver monitoring systems (DMS) specialist.
“This important milestone confirms Seeing Machines’ ability to scale our technology and participate in a broadening DMS market, including entry-level solutions targeting Euro NCAP goals,” said Paul McGlone, the chief executive officer of Seeing Machines.
“Further validation of our DMS technology is very encouraging as Euro NCAP and other regulatory bodies draw closer to finalising requirements to enhance safety across the industry,” he added.
.@seeingmachines‘ FOVIO driver monitoring tech detects & alerts when drivers are not paying attention to the driving task, employing computer vision algorithms that have been developed over more than 20 yrs of applied research: https://t.co/p0FQgSDWDW #seeingmachines #dms #safety
— Seeing Machines (@seeingmachines) July 19, 2019
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/224326/seeing-machines--fovio-system-to-be-installed-in-more-models-by-existing-customer-224326.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).