6th Feb 2023 14:03
Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Signs a non-exclusive distribution deal with Mobileye Vision Technologies Ltd to jointly offer holistic safety solutions to transport and logistics customers globally. Says the deal enhances its Aftermarket offering, Guardian, which "targets the commercial fleet sector, by incorporating the Mobileye suite of Aftermarket products to alert drivers of potentially dangerous situations".
Chief Executive Officer Paul McGlone says: "With the EU's updated General Safety Regulation coming into force and awareness around driver safety growing, we are delighted to be working with Mobileye, and leveraging their leadership position in ADAS, to help realise our shared objective of reducing fatal accidents on our roads."
Mobileye is a system software company in the development of advanced driver assistance systems and autonomous driving technologies.
Current stock price: 7.09 pence, up 2.7% on Monday afternoon in London
12-month change: down 21%
By Xindi Wei, Alliance News reporter
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