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Seeing Machines getting "real traction" for fatigue monitors in Africa

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Seeing Machines’ (LON:SEE) South African distributor has ordered a further 50 DSS fatigue monitoring units to meet rising customer demand.

These units will re-sell for a total in excess of US$0.5 million, Seeing Machines said, with the bulk of the money to be received upfront.

Anton Lourens, managing director of Booyco Electronics, the distributor, added: "We are seeing real traction in the market here in Africa for the DSS and we needed to build up our stock to ensure timely delivery of the DSS to our customers."

Prior to today’s order Booyco had sold 44 DSS units at collieries run by BHP Billiton’s South African coal arm BESCA.

At the end of June BESCA said it wanted to roll–out the system across its four collieries in South Africa.

Ken Kroeger, Seeing Machines chief executive said : "This order further illustrates the continuing strong demand we have seen for the DSS so far during 2012.  In the last six weeks we have taken over US$1.7 million in orders."

DSS uses the cutting edge face and eye tracking technology developed by Seeing Machines to assess driver fatigue and concentration levels, a major concern for the operators of big fleets of mining vehicles.


 

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Price: 3.05 GBX

AIM:SEE
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Market Cap: £102.64 m
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