18th Aug 2015 07:31
LONDON (Alliance News) - Seeing Machines Ltd Tuesday said that it is in "advanced negotiations" with Caterpillar Inc for Caterpillar to take over responsibility for manufacturing, marketing and sales of Seeing Machines' existing DSS rugged off-road product.
Seeing Machines, which produces technology designed to recognise fatigue and help prevent accidents for drivers, said that the negotiations represent the fourth phase of its alliance with Caterpillar, a US machinery and engine manufacturer.
Shares in Seeing Machines were trading up 5.3% at 5.00 pence Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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