IN BRIEF: Seeing Machines signs deal to target Aftermarket business

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Signs a non-exclusive distribution deal with Mobileye Vision Technologies Ltd to jointly offer holistic safety solutions to transport and logistics customers globally. Says the deal enhances its Aftermarket offering, Guardian, which ‘targets the commercial fleet sector, by incorporating the Mobileye suite of Aftermarket products to alert drivers of potentially dangerous situations’.

Chief Executive Officer Paul McGlone says: ‘With the EU’s updated General Safety Regulation coming into force and awareness around driver safety growing, we are delighted to be working with Mobileye, and leveraging their leadership position in ADAS, to help realise our shared objective of reducing fatal accidents on our roads.’

Mobileye is a system software company in the development of advanced driver assistance systems and autonomous driving technologies.

Current stock price: 7.09 pence, up 2.7% on Monday afternoon in London

12-month change: down 21%

Copyright 2023 Alliance News Ltd. All Rights Reserved.