4th Mar 2008 07:51
Seeing Machines Limited04 March 2008 4 March 2008 Seeing Machines Limited ("Seeing Machines" or the "Company") MULTI-MILLION DOLLAR LICENSE AGREEMENT SIGNED FOR DRIVER MONITORING TECHNOLOGY Seeing Machines (AIM: SEE), a leading developer of advanced computer basedimaging software systems, announces that it has signed a long-term multi-milliondollar enterprise license agreement with Dycom Industries Inc (NYSE: DY) ("Dycom"), for the use of Seeing Machines' driver monitoring technology. The agreement includes: • an enterprise license for the use of Seeing Machines driver monitoring software; • long term support and maintenance services; • the provision of custom hardware; • training and consulting services. The agreement is set to deliver initial revenue of approximately AUD$2.5 million(£1.08m) in this calendar year and will generate significant future revenuesthrough the ongoing provision of services and hardware. The companies have also concluded a second agreement that allows for thetechnology to be offered to others following the initial deployments. Dr Nick Cerneaz, CEO of Seeing Machines commented: "This agreement representsthe first major multi system deployment of our driver monitoring technology.The long term vision of this project recognizes the potential to expand thejoint technology offering created and make it available to others as it isfurther developed. This agreement offers a significant step forward in ournear-term commercialization efforts, but also represents a serious opportunityfor substantial growth in the medium and long term." Further information about Seeing Machines and the driver monitoring technologycan be obtained from the Company web site: www.seeingmachines.com. Furtherinformation about Dycom can be obtained from Dycom's website: www.dycomind.com. --- ENDS --- Enquiries: Seeing Machines Limited Grant Thornton Corporate Finance Parkgreen CommunicationsNick Cerneaz, CEO Fiona Owen Justine Howarth, Erica Nelson+61 (0) 2 6125 6501 +44 (0) 20 7383 5100 +44 (0) 20 7851 7480www.seeingmachines.com Notes to editors: About Seeing Machines Seeing Machines is an award winning Technology Company which focuses on visionbased human machine interfaces. Formed in 2000 in Canberra, Australia, SeeingMachines' purpose is to commercialise its computer-vision across a range ofindustries and applications. Seeing Machines deliver advanced computer vision solutions for researches anddevelopers in human factors, transportation safety, computer human interaction,robotics, medical research and psychology. The flagship product faceLAB(R)provides an automated and contact-free gaze and head tracking technology, itsolves the problem of observing human behaviour naturally, non-intrusively andwith a high degree of accuracy and usability. Building on these unique facetracking and pupil measurement and monitoring capabilities, the TrueFieldAnalyzer(R) is new medical device to assist clinicians detect and manage eyediseases such as glaucoma. The TrueField Analyzer(R) offers a new objective method to help doctors diagnoseand manage a range of eye diseases including glaucoma, age related maculardegeneration and diabetic retinopathy. Glaucoma affects about 2-3% of thepopulation over 40 years of age and is a leading source of blindness. Unlikemost other devices available to the clinician the TrueField Analyzer is acompletely objective test and it is quick and easy for patients and techniciansalike. The device measures both eyes concurrently and due to the reliabilitythat arises from the objective nature of the test, it has the potential tobecome a new standard in the measurement of visual field defects and thus in thediagnosis and management of disease such as glaucoma. More generally Seeing Machines' computer vision systems are able to measure theorientation and position of a human head, estimate eye-gaze direction, detecteye blinks and track other facial features. This functionality is achievedentirely though visual means, using video cameras connected to advanced imageprocessing software, with no attachments required on the subject. Products suchas faceLAB(R) are designed to allow human factors researchers and designers toassess the interaction of an operator in an environment and this findsapplication in designing operator environments, such as cockpits for cars,trucks, trains, and aeroplanes for instance, and other industrial designapplications, as well as medical and psychological research situations. Thetechnology has been developed into the Driver State Sensor (DSS2) product forapplication in monitoring vehicle drivers and if it detects drowsiness (fatigue)or that the driver is distracted and their attention has been diverted from theroad, alarms are raised to alert the driver to these events. In largerdeployments, such as in fleet and mining equipment operations, the data isavailable in both real-time and off-line modes for fleet management, drivertraining and awareness programs The systems work in real-time, enabling the behaviour of subjects to be trackedin real-time. This technology is paving the way in promoting safer drivingconditions and works to enhance the driving experience and to eliminateaccidents caused through driver drowsiness or distraction. There are many different sectors that can benefit from this revolutionarysoftware, for which it has been developed, including: automotive; academicresearch; medicine/healthcare; defence; autostereoscopy (next generationdisplays); sport; and games. www.seeingmachines.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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