Seeing Machines Ltd. NPV (DI) (SEE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

3.40p
   
  • Change Today:
    -0.025p
  • 52 Week High: 5.65p
  • 52 Week Low: 3.08p
  • Currency: UK Pounds
  • Shares Issued: 4,156.02m
  • Volume: 1,573,120
  • Market Cap: £141.30m
  • RiskGrade: 357
  • Beta: 0.95

Seeing Machines upbeat on proposed US driver safety rules

By Josh White

Date: Wednesday 13 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Driver monitoring technology specialist Seeing Machines updated the market on Wednesday, on an announcement from the US National Highway Traffic Safety Administration (NHTSA).
The AIM-traded firm said the NHTSA's 'advanced notice of proposed rulemaking' (ANPRM) signalled a pivotal move towards making impaired-driving prevention technology a standard feature in new passenger vehicles.

It noted that the ANPRM explicitly referenced driver monitoring systems (DMS) as a technological solution to be considered in the upcoming formal rulemaking process.

The first step in implementing a Federal Motor Vehicle Safety Standard (FMVSS) allows the agency to gather crucial information regarding the advantages of technologies like DMS in combating distractions, drowsiness, and impaired driving.

"We are eager to continue our conversations with NHTSA and others who support reducing traffic fatalities and, as with Europe, have been delighted to be part of a small ecosystem of industry experts assisting this process," said chief executive officer Paul McGlone.

"Euro NCAP and the European Commission's general safety regulations (GSR) will require all cars, vans, trucks, and buses to be equipped with technology like ours to stop distraction and drowsiness beginning next year.

"It is clear that regulatory momentum around driver safety is building around the world and we commend the US Department of Transportation for making this critical safety technology a priority in the coming months."

At 1318 GMT, shares in Seeing Machines were up 0.04% at 5.24p.

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 3.40p
Change Today -0.025p
% Change -0.73 %
52 Week High 5.65p
52 Week Low 3.08p
Volume 1,573,120
Shares Issued 4,156.02m
Market Cap £141.30m
Beta 0.95
RiskGrade 357

SEE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.29% below the market average39.29% below the market average39.29% below the market average39.29% below the market average39.29% below the market average
18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average18.18% below the sector average
Price Trend
72.17% below the market average72.17% below the market average72.17% below the market average72.17% below the market average72.17% below the market average
28% below the sector average28% below the sector average28% below the sector average28% below the sector average28% below the sector average
Income Not Available
Growth
51.03% above the market average51.03% above the market average51.03% above the market average51.03% above the market average51.03% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% 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 21-Nov-2024

Time Volume / Share Price
16:26 5,209 @ 3.45p
16:23 250 @ 3.49p
16:23 250 @ 3.49p
15:59 10 @ 3.49p
15:57 573 @ 3.49p

SEE Key Personnel

Chair Kate Hill
CEO Paul McGlone

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