8th Aug 2014 06:52
LONDON (Alliance News) - Seeing Machines Ltd Friday said it has agreed a strategic joint venture with a Chilean firm to form Seeing Machines Latin America.
Seeing Machines, an operator monitoring and intervention sensing technologies firm, will take a 55% stake in the new company.
Seeing Machines will partner with GTD Ingenieria de Sistemas, a road and transport safety systems provider, to provide technology solutions to mining and road-transport customers and to Seeing Machines' newly-partnered Latin American Caterpillar dealers.
Seeing Machines signed a deal last month with Finning International Inc, a dealer of Caterpillar Inc construction and mining equipment, for its Driver State Sensor Technology, a console-mounted camera which tracks operator eye behaviour to determine the driver's state. That deal will see Finning provide sales and support for the product in Canada, Chile, Argentina, Bolivia and Uruguay.
Ken Kroeger, chief executive of Seeing Machines, said "the formalising of this relationship will bring a whole new level of support to our efforts in the thriving markets of Latin America and is an exciting milestone in the growth of Seeing Machines at a global level."
By Sam Unsted; [email protected]; @SamUAtAlliance
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