Seeing Machines wins Apple for Back-up Driver Monitoring

According to my sources Seeing Machines will be supplying its new Backup-driver Monitoring System (Guardian BdMS) to Apple and is very likely to win GM Cruise, possibly Waymo also.

In the typically low key fashion in which Seeing Machines delivers good news to the market the announcement was put out more like a product release than an RNS. Hidden away in the third paragraph it stated: “Seeing Machines has signed an agreement with one customer and is in advanced discussions with a number of companies at the forefront of autonomous vehicle development.”

This is outstandingly good news for the AIM-listed minnow and means Silicon Valley has followed global car manufacturers (GM, BMW, Mercedes and Ford) in recognising Seeing Machines’ driver monitoring technology as best in class.

Apple, in typical fashion, has not replied to any of my emails on this subject but its secrecy in such matters relating to Apple Car is well known.

As stated in my previous blog post, I still expect wins with FCA and Toyota to be announced in due course.

The writer holds stock in Seeing Machines.

A$50m Ford win for Seeing Machines

It’s great news that Seeing Machines, working with its Tier 1 partner Autoliv, has won a A$50m contract to supply its Fovio DMS system to Ford. Even better is that it’s on its new chip.

Once again my sources have been proven to be correct. Avid readers will note that in a previous blog, entitled: ‘Seeing Machines set to win 75% of the global DMS market’ the Ford win was predicted.

Back then, on 16th March, I wrote: “I’m being told that Fovio will soon be contracted to Ford, Volvo and Audi. (That’s in addition to General Motors, Mercedes and BMW). Moreover, those same sources are telling me that by the end of this calendar year Toyota will definitely be committed to using it and, most likely, Honda.”

The document containing this latest OEM win was published as part of Autoliv’s Investor Day presentation and is here: (Note that Veoneer is Autoliv’s active safety division that will soon be spun-off).

The clues are on page 13 and 17, in which it is revealed that in Q2 2018 Veoneer won a contract with a major global North American OEM for a DMS.

A spokesperson from Autoliv told Safestocks: “We cannot confirm the OEM name, but I can confirm that we will be working with our partner Seeing Machines for this contract.”

That the North American OEM is Ford is beyond argument. Seeing Machines already works with General Motors, Ford is also an important client of Autoliv. Moreover, when questioned Ford did not deny the contract win had taken place. A spokesman said: “Unfortunately, all I can tell you is that we do not discuss our contractual  arrangements with our suppliers.”

The writer holds shares in Seeing Machines.