Revenge of the Killer Zombie Government

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Killer ZombieOur ‘Their’ UK Government is clearly incompetent, too ideologically obsessed with cutting regulations and implementing muddle-headed, ’balance the books’ austerity to care for us peeps.

That much we know after Grenfell Tower fire burnt down the last remaining veil hiding the Tories’ duplicity and selfishness. The exact number of dead in that fire is probably well into triple figures – but don’t expect a realistic death toll until the heat of the summer is long past. Tempers might combust and the establishment don’t want their stage-managed democracy torched by the angry masses.

But I digress: up and down the country most people can increasingly smell the stink of this Tory Government’s rotting corpse. With every passing week the stench gets stronger. Even the DUP’s futile attempt to give it the kiss of life won’t revive it.

What is especially shocking is that this Zombie Government cares more for the dead than the living. Theresa’s May’s wet dream would be the death of Corbyn. I imagine she’d happily splurge on a state funeral if it meant her failing grip on the cliff edge of power became a little tighter. She might not be alone in twisting and turning in orgasmic delight at such a fantasy – but Boris doesn’t kiss and tell in public.

How do I justify that statement? Well, first I’d cite the ‘fact’ that I believe it to be true. Okay, that’s too weak – though I think you may believe it also.

Secondly, they’re doing little to prevent pollution from diesel vehicles that is sending many to an early grave and damaging the lungs of children.

Lastly, what else can explain the fact that, while •thousands are injured and many killed in road accidents every year caused by driver fatigue and inattention, ‘our’ Government is doing little to encourage the adoption of technology that could drastically reduce those numbers.

Yes, that’s right. The technology to warn drivers when they’re falling asleep at the wheel or distracted (for example, by using a mobile) exists.

Yet the Government does nothing to encourage its adoption: it doesn’t test it or mandate it on UK roads.

Noblesse ought to oblige the Government to do the decent thing but this mob in power don’t give a fig for the living.

• According to figures from the Department of Transport, in 2015, driver distraction was cited as a factor in 2,920 crashes, which resulted in 61 fatalities and 384 serious injuries. Similarly, driver fatigue was a contributory factor in 1,784 car accidents in 2015, resulting in 58 fatalities and 331 serious injuries.

Seeing a CES bonanza for Fovio

This year’s CES show in Las Vegas has demonstrated strong interest in driver monitoring systems (DMS), from automotive manufacturers and their Tier 1 suppliers. All good news for Seeing Machines’ Fovio division, which is fast becoming the dominant supplier of driver monitoring systems to guard against driver fatigue and distraction.

It was at CES in 2015 that Seeing Machines first showed its driver monitoring car technology with Jaguar. In addition, Seeing Machines has confirmed that Bosch, Takata and Volkswagen are showcasing Fovio tech at this year’s CES.

  • Bosch’s vehicle demonstrates new intelligent driver interaction capabilities enabled by Fovio
  • Volkswagen demonstrates a vehicle cockpit concept with integrated Fovio DMS
  • Takata demonstrates steering-wheel integrated DMS

I think it is only a matter of time before many other OEMs and Tier 1 suppliers are linked with Seeing Machines as the auto industry introduces advanced semi-autonomous vehicles, then fully autonomous vehicles.

As Mike McAuliffe, ceo of Fovio has noted: “We’re seeing a groundswell of demand in the industry for our Driver Monitoring technology.”

Tesla, Jaguar, Land Rover and Porsche are all marques that I personally think are likely to adopt its technology. For instance, Elon Musk would be in ‘ludicrous’ mode if he didn’t appreciate what Seeing Machines DMS could do to enhance safety features in his cars.

Ludicrous valuation

What is undeniably ludicrous is that this stock languishes at a market cap of £45m when it is about to crack not only the auto market with Fovio but the fleet market with its Guardian product. (Caterpillar liked its driver monitoring product for the mining industry so much it bought the whole operation in return for an upfront payment and ongoing license and royalty stream for Seeing Machines).

Seeing Machines now has only to lie back and wait for the money to roll in from the Caterpillar sales team. Similarly, holders of this stock who hold it for a couple more years should make a stellar return.

According to projections from Lorne Daniels, a well respected analyst at house broker FinnCap, Seeing Machines will deliver sales of Aussie Dollars 141m (£84m) in 2019 with pre-tax profits of A$22m (£13m). I expect this figure to be revised sharply upwards along with his target price of 12p by the end of this year.

Any lingering doubts about the take up Seeing Machines offering in the fleet space were certainly dispelled with its tie up with Mix-Telematics, a global telematics provider in late December.

Following its fundraise this month, I’m convinced Seeing Machines is set to rise steadily.

However, don’t take my word for it. Do your own research and then make your own mind up.

The writer holds stock in Seeing Machines