Seeing Machines Ltd. NPV (DI) (SEE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

4.92p
   
  • Change Today:
    -0.090p
  • 52 Week High: 6.16
  • 52 Week Low: 4.89
  • Currency: UK Pounds
  • Shares Issued: 4,156.02m
  • Volume: 6,109,499
  • Market Cap: £204.48m
  • RiskGrade: 357

Seeing Machines wins $32m driver monitoring appointment

By Josh White

Date: Thursday 22 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Driver monitoring technology developer Seeing Machines has been appointed by an existing tier-one customer to deliver its 'FOVIO' driver and occupant monitoring system (DMS/OMS), it announced on Thursday.
The AIM-traded firm said the contract was for an additional programme with an existing, "large" unnamed Europe-based global automotive original equipment manufacturer (OEM) customer.

It said the programme, to be delivered via its embedded FOVIO driver monitoring engine (DME) software library, was geared to lower integration costs, and would "substantially extend" DMS and OMS reach across a range of vehicle models, including entry-level vehicles, while addressing both regulatory requirements and in-cabin comfort and convenience features.

The programme would carry an initial lifetime value of $32m, and was scheduled to start production in 2024.

"This is a great example of our existing tier-one and OEM relationships and cooperation leading to the increasingly extended reach of our technology across the global passenger vehicle landscape, which is not only driven by driver safety regulation but also an increasing demand for interior monitoring systems extending the comfort, convenience, and safety of all vehicle occupants," said Nick DiFiore, senior vice-president and general manager of automotive at Seeing Machines.

At 1321 GMT, shares in Seeing Machines were down 0.14% at 6.24p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SEE Market Data

Currency UK Pounds
Share Price 4.92p
Change Today -0.090p
% Change -1.80 %
52 Week High 6.16
52 Week Low 4.89
Volume 6,109,499
Shares Issued 4,156.02m
Market Cap £204.48m
RiskGrade 357

SEE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
38.29% below the market average38.29% below the market average38.29% below the market average38.29% below the market average38.29% below the market average
12% below the sector average12% below the sector average12% below the sector average12% below the sector average12% below the sector average
Income Not Available
Growth
62.98% above the market average62.98% above the market average62.98% above the market average62.98% above the market average62.98% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEE Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 166,604 @ 4.92p
16:35 1,000 @ 4.92p
16:35 19,055 @ 4.92p
16:35 26,549 @ 4.92p
16:35 12,511 @ 4.92p

SEE Key Personnel

Chair Kate Hill
CEO Paul McGlone

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