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Seeing Machines Ltd - Autoliv Driver Monitoring Systems

RNS Number : 2020O
Seeing Machines Limited
17 August 2017
 

Seeing Machines Limited

("Seeing Machines" or "the Company")

 

Seeing Machines and Autoliv Work Together to Deliver Driver Monitoring Systems

 

17 August 2017

 

Seeing Machines (AIM: SEE), an industry leader in computer vision based technologies which enable machines to see, understand and assist people, announces that it will work in collaboration with Autoliv, a leader in Automotive Safety Systems, to deliver next generation Driver Monitoring Systems (DMS) for autonomous vehicles.

 

The collaboration leverages Seeing Machines' market leading DMS technology based on its FOVIO platform and processor to enhance Autoliv's existing Advanced Driver Assistance Systems (ADAS) offering through awareness of the driver attention state and other key safety indicators, such as distraction or drowsiness.  Reliable understanding of driver state will also enable Autoliv development of highly autonomous driving functions, with safe hands-off-wheel operation. Within the collaboration, Autoliv will serve as a Tier 1 integrator of Seeing Machines technology, and overall system supplier to OEMs.

 

Seeing Machines CEO, Mike McAuliffe commented: "The collaboration between Seeing Machines and Autoliv is an excellent fit within our expanding partnership ecosystem. Both companies are technical leaders deeply committed to advancing safer driving through the development and deployment of our advanced DMS technologies for Automotive OEMs".

Johan Löfvenholm, President, Autoliv Electronics added: "Autoliv and Seeing Machines have teamed up to reduce distracted driver accidents. We both share a passion for saving more lives, and together, we will create one of the most advanced driver monitoring systems in the world."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

 

Enquiries:

 

Seeing Machines Limited

www.seeingmachines.com  / +61 2 6103 4700

 

 

Mike McAuliffe, CEO

[email protected]

Media enquiries

 

[email protected]

 

finnCap Ltd

 

Ed Frisby / Emily Watts, Corporate Finance

+44 20 7220 0500

Tim Redfern / Richard Chambers, Corporate Broking

 

 

 

Canaccord Genuity Limited

 

 

 

Simon Bridges

+44 20 7423 8000

Richard Andrews

Alexander Napier

 

 

 

 

 

About Seeing Machines

Seeing Machines, (AIM: SEE) is an industry leader in computer vision technologies which enable machines to see, understand and assist people. The Company deploys its machine learning vision platform to deliver real-time understanding of drivers through AI analysis of heads, faces and eyes, for Driver Monitoring Systems (DMS) in most Transport sectors. DMS detects and manages drowsiness, distraction and cognitive state of Drivers which is key enabling technology for automotive ADAS/Autonomous Driving as well as for Guardian, the Company's pioneering aftermarket commercial fleet solution. The Guardian solution combines an in-cabin safety intervention system with 24/7 telematics monitoring and cloud analytics services delivered on a SaaS basis which prevents accidents, saves costs, and lives. The Company also serves Aviation, Rail, Off-Road markets and is enabling next generation applications for precision eye tracking, offering solutions from embedded software and FOVIO processors to aftermarket system and service solutions. Based in Canberra, Australia with offices and people in USA and Europe, the Company's products have been adopted by global industry leaders in its markets. www.seeingmachines.com.

 

 

About Autoliv
Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 80 facilities with 70,000 employees in 27 countries. In addition, the Company has 22 technical centers in ten countries around the world, with 19 test tracks, more than any other automotive safety supplier. Sales in 2016 amounted to about US $10.1 billion. The company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on Nasdaq Stockholm (ALIV-SDB). For more information about Autoliv, please visit our company website at www.autoliv.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Price: 3.025

Market: AIM
Market Cap: £101.8 m
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