Seeing Machines Ltd - Canberra-based vision-based monitoring technology - Wins automotive program award with an existing European Tier-1 customer for a new European original equipment manufacturer. Says the program will be delivered via the company’s FOVIO e-DME software library. It is scheduled to start production in 2026, carrying an initial lifetime value of $30 million.
Senior Vice President Nick DiFiore says: ‘I am delighted to be working with this new European OEM, part of a large global Automotive group where we are again proud to extend our incumbency. We continue to work closely with our small ecosystem of Tier-1 customers, where deep relationships underpin joint pursuit of business and ensure our ability to deliver, which is very important as regulatory deadlines in Europe fast approach.’
Current stock price: 5.34 pence, up 4.6% in London on Wednesday
12-month change: down 15%
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