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Additional Information
Market: AIM
Sector: Computer Hardware
EPIC: SEE
Latest Price: 3.00  (9.09% Ascending)
52-week High: 3.88
52-week Low: 1.88
Market Cap: 12.41M
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Seeing Machines
www.seeingmachines.com

Seeing Machines is an award winning technology company with a focus on vision based human machine interfaces. Seeing Machines technology platform is based on world-leading computer vision processing technologies that allow machines to see and track human faces and certain facial features. These technologies enable the development of new cutting edge products and applications, ranging from devices that improve road safety & save lives, to those that help manage eye disease and prevent loss of eyesight.

The company’s focus is on deploying its computer vision technologies, worldwide, in:

  • Driver/operator safety products for transport markets through the DSS product range;
  • The TrueField Analyzer® (TFA) product for vision testing devices for healthcare markets;
  • New products in a range of markets including sports, entertainment, robotics and security through our faceAPI product; and
  • Human performance measurement through our faceLAB® product.
Full Seeing Machines profile here
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Seeing Machines shares soar on news of DSS order from BHP Billiton

17th Mar 2010, 10:20 am

Seeing Machines (AIM: SEE) landed its biggest contract to date for its DSS product suite in the mining sector, agreeing to supply it to BHP Billiton (LSE: BLT, ASX: BHP) subsidiaries BHP Navajo Coal Company and San Juan Coal Company, which are part of BHP’s Energy Coal business unit.

Shares in the company rallied 25% in early London deals on the announcement.

The contract covers the fit-out of the entire haul truck fleet, a number of ancillary vehicles and ongoing support services at the Navajo mine in New Mexico, with the installation expected to be completed next month.

Seeing Machines and BHP Billiton Energy Coal are also engaged in talks over further DSS deployments across other mines within the business unit.

The DSS is a system that directly monitors the driver of a vehicle for distraction and fatigue events and provides a series of interventions aimed at managing these events and averting potential disasters.

“We are very pleased to be working with BHP Billiton on such a significant contract for Seeing Machines. The operational conditions for drivers in the mining industry are very demanding and the DSS provides a proven technology option for mine site operators to use in their efforts to minimize both the direct costs of accidents and those knock-on effects of interrupted production. We believe this deal with BHP Billiton, and other recent announcements are indicative of the huge potential growth opportunities for our DSS business in the mining sector,” said Chief Executive of Seeing Machines Nick Cerneaz.

Daniel Stewart & Co (DS&C) said that the deal served as evidence that Seeing Machines’ profile is rising rapidly amongst major mining companies and that it warranted a review of the potential contribution to earnings and related valuation.

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