StockMarketWire.com - Seeing Machines has won a further programme design award with an additional premium German Automotive OEM to deliver its FOVIO driver monitoring technology into new automobile models, planned for mass production from 2021.

Seeing Machines has been selected in conjunction with three major Tier 1 automotive suppliers to deliver the programme, covering much of the OEM model portfolio.

With an estimated revenue value of A$25M based on initial included models and lifetime volume projections, this programme is expected to be classified as a large value programme.

Given Euro NCAP's inclusion of Driver Monitoring Systems (DMS) as a proposed primary safety feature in their "Road Map 2025" from 2020, the company believes that there is significant potential for the OEM programme to grow significantly in revenue through increased DMS feature penetration and volume across all vehicle models.

Seeing Machines' FOVIO driver monitoring platform uses advanced machine vision technology to precisely measure and analyse head pose, eyelid movements and eye-gaze under a full spectrum of demanding lighting conditions, including through sunglasses. This data is processed to deliver real-time information on driver attention state, focus, drowsiness and impairment levels.


At 9:27am: [LON:SEE] Seeing Machines Ltd share price was +0.45p at 5.25p



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