Seeing Machines Ltd. NPV (DI) (SEE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

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

Seeing Machines system gets approved for Wrightbus

By Josh White

Date: Tuesday 30 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Driver monitoring technology specialist Seeing Machines announced the successful approval of its Guardian Generation 3 driver monitoring solution for Wrightbus, the UK's largest electric bus manufacturer, on Tuesday.
The AIM-traded firm said the regulatory approval came after a rigorous process of testing, certification, and documentation, and confirmed that the system met European regulatory standards.

It said the approval was essential as Europe's new General Safety Regulation (GSR) mandates driver monitoring systems to detect signs of drowsiness.

Seeing Machines said three other commercial vehicle original equipment manufacturers (OEMs) were in the process of homologating the Guardian Generation 3.

The successful homologation by Wrightbus was expected to streamline and make the process more efficient for subsequent customers.

It also explained that the introduction of the EU GSR in 2026 would further require all vehicles to be equipped with direct, or camera-based, driver monitoring systems (DMS) to detect distraction.

Guardian Generation 3 was designed to meet the regulations, the board said.

"Achieving homologation or technical approval with Wrightbus for Guardian Generation 3 marks a significant milestone in the deployment of advanced driver monitoring systems within the public transportation sector," said chief executive officer Paul McGlone.

"Integrating our cutting edge, AI powered camera technology into Wrightbus vehicles is an important step forward in reducing the risks and accidents associated with driver fatigue, which will soon encompass distraction as regulations come into effect, fundamental to our mission of saving lives."

At 1238 BST, shares in Seeing Machines were up 2.11% at 4.6p.

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 5.65
52 Week Low 3.08
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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