Seeing Machines Ltd - 2015 AGM Presentation & Address
2015 Annual General Meeting
Presentation & Address
At the Annual General Meeting the Company's Chairman
In his address to the meeting,
Strong demand continued for the Company's DSS products and services for the global mining sector. Our DSS sales performance has been aided by our strong relationship with Caterpillar and our growing relationships with the Caterpillar Global Dealer Network and the increased reach these Dealers bring to our distribution capabilities.
Our relationship with Caterpillar was further strengthened in September when we announced a global product development, licensing and distribution agreement. Under this new agreement, Caterpillar will take over responsibility for manufacturing, marketing and sales of our existing DSS rugged off-road product. Caterpillar will market DSS and Seeing Machines Fleet products for in-cab operator fatigue and distraction monitoring solutions across all of Caterpillar's industries, not only mining. We will also work together to develop new innovative products. This is a milestone agreement for the Company, which
During the 2015 financial year we also developed and launched a new lower cost product, Seeing Machines Fleet, for the commercial road transport market. We are very excited about the level of interest we are receiving from long distance fleet transport operators and note that this market is larger than the mining segment by orders of magnitude.
The company's clear leadership in designing and developing driver monitoring systems (DMS) technology has led to a very significant contract to supply our technology to one of the largest global car manufacturers and substantial interest from other leading global car producers.
We delivered revenue growth on our 2014 results of 20% to
I would like to thank our customers and shareholders for their loyalty and support. The Board looks forward to reporting to shareholders on our continued progress during the year."
The full presentation given by
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www.seeingmachines.com / +61 2 6103 4700
US media inquiries:
+1 732 620 0033 / [email protected]
finnCap Ltd, Broker for
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+44 20 7220 0500
Joanna Weaving, Corporate Broking
Mob: +44 7540 706 191
Tel: +44 20 7653 9848 / Mob: +44 7469 154 806
Tel: +44 20 7653 9842 / Mob: +44 79676 609 084
This information is provided by RNS
Quick facts: Seeing Machines Ltd.
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