leadf
logo-loader
viewSeeing Machines Ltd.

Seeing Machines inks deal with semiconductor group as part of new strategy

The company is also finalising terms to license its Occula Neural Processing Unit, which is designed to enhance its driver monitoring software

Seeing Machines Ltd. - Seeing Machines inks deal with semiconductor group as part of new strategy

Seeing Machines Limited (LON:SEE) said it has signed a memorandum of understanding (MOU) with a global semiconductor company as formal terms of engagement are finalised to license its Occula Neural Processing Unit.

The AIM-listed firm, which specialises in artificial intelligence (AI) powered operator monitoring systems, said the collaboration represented the third pillar of its recently announced embedded product strategy, which will see the company make Occula available for licensing as an application-specific integrated circuit (ASIC) to semiconductor companies for integration with any automotive computing platform.

READ: Seeing Machines’ new Occula unit a step change in DMS technology, says Cenkos

Occula is an accelerator designed for integration into ARM-based systems-on-chip to enhance the company’s software and to support “ultra low-power human face, eye and body tracking”. The company said licensing Occula to third party semiconductor companies will create additional pathways to automotive customers offering driver monitoring system technology on a range of hardware.

“Licensing our unique IP in this way allows us to distribute our technology through major auto and technology suppliers onto complementary platforms”, Seeing Machines chief executive Paul McGlone said in a statement.

“I'm delighted to see our Embedded Product Strategy coming to life, as we partner with large automotive semiconductor companies, creating new channels to market and addressing the growing integration challenges for driver monitoring technology faced by our [original equipment manufacturers] and Tier 1 customers", he added.

Quick facts: Seeing Machines Ltd.

Price: 4.05 GBX

AIM:SEE
Market: AIM
Market Cap: £136.29 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Seeing Machines Ltd. named herein, including the promotion by the Company of Seeing Machines Ltd. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Seeing Machines CEO says new automotive strategy is 'significant breakthrough'

Seeing Machines Limited's (LON:SEE) CEO Paul McGlone caught up with Proactive London's Andrew Scott after announcing a new embedded product strategy for the automotive market. He discusses the new three-pillar strategy which is targeting the 'rapidly expanding camera-based interior monitoring...

3 weeks, 3 days ago

2 min read