22nd Dec 2022 11:29
Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Appointed by an existing "tier 1" client to deliver Seeing Machines' driver & occupant monitoring system for an additional programme with an existing "large European-based global automotive group" customer. Doesn't name the client or the customer. The deal is for original equipment manufacturing. Says the programme has an initial lifetime value of AUD45 million, about USD32 million, and will start production in 2024. Seeing Machines notes the cumulative initial lifetime value of all OEM programmes that it has won to date now stands at AUD435 million.
Current stock price: 6.26 pence, up 0.2% in London on Thursday
12-month change: down 39%
By Tom Waite, Alliance News editor
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