StockMarketWire.com - Seeing Machines has signed a global product development, licensing and distribution agreement with Caterpillar Inc., as the final phase of the alliance between the two companies announced in May 2013.

Under this new agreement, Caterpillar will take over responsibility for manufacturing, marketing and sales of Seeing Machines' existing DSS rugged off-road product.

In addition, Seeing Machines and Caterpillar will work together to develop new innovative products. Caterpillar will market DSS and Seeing Machines Fleet products for in-cab operator fatigue and distraction monitoring solutions in the agreed Caterpillar industries.

Finally, Caterpillar will also have distribution rights for Seeing Machines Fleet product, exclusive within agreed Caterpillar industries and non-exclusive outside these industries.





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