18th Aug 2015 08:20
Seeing Machines and Caterpillar in discussions for next phase of global alliance
18 August 2015
Seeing Machines (AIM: SEE), the AIM-listed company with a focus on operator monitoring and intervention sensing technologies and services, announces 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. This represents phase four of the alliance between the two companies announced in May 2013.
Seeing Machines will make a further announcement as and when the negotiations are concluded.
Enquiries:
Seeing Machines Limited |
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Ken Kroeger, Managing Director and CEO | +61 2 6103 4700
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James Walker, Finance Director | +61 2 6103 4700
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US media inquiries: Troy Mickle | +1 415 218 3405
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finnCap Ltd, Broker for Seeing Machines | |
Ed Frisby / Emily WattsCorporate Finance | +44 20 7220 0500 |
Joanna Weaving, Corporate Broking
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Newgate, Investment Communications for Seeing Machines | |
Robyn McConnachie
Tim Thompson
Lois Engstrand | Tel: +44 20 7653 9852 / Mob: +44 7540 706 191
Tel: +44 20 7653 9858 / Mob: +44 7710 718 649
Tel: +44 20 7653 9844 / Mob: +44 7540 248 478 |
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About Seeing Machines
Seeing Machines, (AIM: SEE) is focused on operator monitoring and intervention sensing technologies and services. With more than 15 years of experience, Seeing Machines uses advanced detection and prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events, such as microsleeps, texting and cell phone use as they occur, while providing for a real-time intervention strategy, which improves operator, driver and environmental safety, preserves assets, and reduces risk. Seeing Machines' technology is used worldwide across the automotive, mining, transport and aviation industries; as well as many of the leading academic research groups and transportation authorities. Seeing Machines is headquartered in Australia and has offices in Tucson, Arizona, Mountain View, California and Santiago, Chile. The Company has strategic alliances with Caterpillar, Electro Motive Diesel, Boeing, Takata, SEMCo and Eye Tracking Inc.
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