StockMarketWire.com - Computer vision technology company Seeing Machines said it had inked a renewed supply agreement with chip supply partner Xilinx.

The related driving-monitoring chip was currently committed to three ongoing automotive original equipment manufacture programs, two in North America and one in China.

Seeing Machines also announced that it had worked with a manufacturing partner to cut the manufacturing cost of its driver monitoring technology for commercial vehicles by 21%.

The reduction was expected to deliver savings of about A$8.4m on its upcoming negotiated volume order, to be delivered in batches to Seeing Machines and its channel partners over the next calendar year.


At 9:55am: [LON:SEE] Seeing Machines Ltd share price was +0.03p at 4.65p



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