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Tech Capital
EPIC: SEE
Market: ISE:SEE
PINK:SEEMF
FRA:M2Z
52-week High/Low: 14.15p / 2.88p
Sector: Technology Hardware & Equipment
Market Cap: 154.34M

Seeing Machines is a world leader in human-machine interaction and an industry leader in the artificial intelligence (AI) technologies which enable machines to see, understand and assist the people who are using them.

 

Seeing Machines is traded in the NEX Exchange HERE

Seeing Machines Limited

www.seeingmachines.com

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Big picture - Why invest in Seeing Machines Limited

Seeing Machines Limited Snapshot

What we do
Seeing Machines specialises in computer vision algorithms, optics and processing technologies that enable new forms of intelligent machines. In particular, we are concerned with machines in ‘mission critical’ applications, where accidents are unacceptable and where safety can be enhanced through monitoring of the human operator, driver or pilot who is ultimately responsible.

Today, Seeing Machines’ FOVIO Driver Monitoring (FDM) processor employs computer vision algorithms that have been developed over more than 20 years of applied research.

The algorithms can robustly, accurately and in real-time, measure a driver’s visual attention to their environment, assess their degree of drowsiness, and ultimately detect if the driver has passed a threshold of risk. Mitigating the risk is then enacted through intelligent alerting of the driver as well as informing a vehicle’s wider control systems.

What sets us apart
DMS (Driver Monitoring System) solutions built on Seeing Machines’ FDM technology are automatic, unobtrusive, accurate, reliable and intelligently aware. There is no need for the driver to wear anything or modify their behaviour. The technology does not require cooperation, calibration or any prior knowledge of the driver.

Fundamentally, Seeing Machines technology does not just track faces and eyes, it solves real-world problems and saves lives.

Distraction
Distraction has many causes, the most common being phone use, but can also be due to vehicle controls, passengers, other vehicles, eating, or even day-dreaming. The potential causes are endless.

Whatever the cause, if the driver, pilot or vehicle operator is not observing the operating environment, such as the road, frequently enough, then the risk of an accident will greatly increase.

The face and eye tracking algorithms in Seeing Machines FDM processor feed a Driver Distraction Event (DDE) algorithm which must be robust to face masks, sunglasses, facial expression, behaviour, hats, wigs, jewellery and all the myriad of human behaviours which might indicate distraction.

Drowsiness
Drowsiness is characterised as a mental impairment due to lack of sleep. It cannot be overcome by just “waking up”, the only solution is rest. Drowsy driving has been a long-standing safety issue in nearly all transport markets. Unlike alcohol, which can be breath-tested, there has been no reliable way to measure the degree of drowsiness of a driver with any degree of certainty.

However, after over a decade of research and leveraging best-in-class underlying head and eye tracking algorithms, combined with the latest machine learning techniques applied to carefully gathered datasets, Seeing Machines is now able to provide a Driver Drowsiness Level (DDL) signal that offers an actionable assessment of risk of the driver losing control of the vehicle in the near future.

Microsleep and Incapacitation Detection
Everyone gets tired a little differently. Seeing Machines technology watches out for signs of the driver passing in and out of consciousness; so called “microsleep” events.
Some driver’s never exhibit signs of drowsiness or even microsleeps and can just suddenly pass out. This can also occur due to medical reasons, such as low blood sugar. Seeing Machines technology is able to detect a driver that is unconscious.

Vigilance and Engagement
Conditionally autonomous vehicles and advanced safety functions such as collision avoidance systems require a reliable measurement of a driver’s level of “engagement” to the driving task (or the road scene). We call this Driver Engagement Level (DEL). This signal is designed to allow vehicle systems to intelligently and safely hand over control, or take control back, from the driver.

Unrivalled DMS solution performance
The FDM processor sits at the heart of modern camera-based DMS. It offers unparalleled measurement quality of all the levels of driver impairment and engagement, with algorithms that have been calibrated against diverse population studies, examining the ability of driver’s to safely control vehicles in complex road environments when in known mental states.

The FDM inter-operates with Seeing Machines specialised and highly tuned optical reference designs. These are infrared camera solutions that employ dynamic sensor and illumination control by the FDM monitoring algorithms. This tight coupling between algorithm and optics enables the DMS system to track a person’s eyelids and pupils through sunglasses under every imaginable real-world driving condition.

Seeing Machines builds image-processing technology that tracks the movement of a person's eye, face, head and facial expressions. The technology makes a regular camera intelligent: able to evaluate each facial movement, process it, and then interpret this data to better understand a person's behaviors.

 

Fleet 

Real-time driver fatigue, distraction and accident prevention technology.

Mobile-device use and microsleeps are two of the most common unsafe behaviors that impair a driver’s ability to react in time to potential road hazards.
Fleet drivers need positive support when drowsiness and inattention take hold. Seeing Machines Fleet provides that support when drivers need it most.

 

Safety Telematics

We believe that technology makes our lives better and our roads safer. Driver sensors inside the vehicle provide critical information that we use to prevent accidents caused by driver fatigue and distraction.

     Non-Intrusive
     Discreet dash-mounted sensor. Give your drivers freedom to operate naturally.

     Real-time Prevention
     In-cab driver alerts. Prevent fatigue & distraction events before an accident.

     Continual Improvement
     24/7 event monitoring and data analytics. Make smarter and safer decisions.

Seeing Machines builds image-processing technology that tracks the movement of a person’s eyes, face, head, and facial expressions. We’ve implemented this best-in-class technology into an Advanced Driver Assistance System (ADAS) that monitors driver fatigue and distraction events in real time, enacting an intervention strategy that improves driver and environmental safety.

 

Automotive

 

Seeing Machines supplies the global automotive industry with class-leading Driver Monitoring Systems (DMS).

We partner with automotive suppliers to deliver DMS to automakers in a form suitable for series production, leveraging our ability to customize and seamlessly integrate our core technology into each car design from both hardware and software standpoints.

Driver Monitoring Systems

Our Driver Monitoring Systems (DMS) technology features fully automatic functionality, operation in full sunlight, operation in low light & at night, completely invisible IR illumination, and support for multiple cameras.

 

Mining

We believe that technology makes our lives better and our roads safer. Sensors inside the operator’s cab provide critical information that we use to prevent accidents caused by driver fatigue and distraction.

Our proven solution is already in thousands of haul trucks, saving lives all around the globe.

 

 

In the mining industry, fatigue is a real and very serious issue. Long shifts, monotonous and dangerous routes, late-night and early-morning hours all contribute to fatigue and distraction events, which can cause an accident within a matter of seconds.

Seeing Machines builds image-processing technology that tracks the movement of a person’s eyes, face, head, and facial expressions. We’ve implemented this best-in-class technology into an Advanced Driver Assistance System (ADAS) that monitors driver fatigue and distraction events in real time, enacting an intervention strategy that improves driver and environmental safety.

Seeing Machines has been protecting haul truck operators and the mining industry for more than eight years. What initially started as field studies has continued with the increasing deployment of Seeing Machines Mining in thousands of haul trucks.
Seeing Machines analyzes operator fatigue and distraction data for continuous improvement and refinements to deliver the most effective safety monitoring system in the industry. With an average of 80% reduction in fatigue events over the last four years, operators are protected more than ever.

With more than 15 years of experience, Seeing Machines technology is a proven safety solution that reduces the number of accidents, supports drivers behind the wheel, and saves lives. We have had unparalleled success in the mining sector with over 4,000 units shipped and a partnership with Caterpillar Inc.

 

Aviation

Commercial pilots are required to perform under pressure, dealing with fatigue and high mental workload while accomplishing complex, safety-critical tasks. Seeing Machines provides insights into pilot performance, from simulation-based training and assessment, to understanding the pilot during critical stages of flight.

Together with our partners in the aviation industry, Seeing Machines is enhancing safety and productivity of airline transportation by bringing our trademark class-leading technology into this global market.

 

 

Rail

Locomotives travel great distances, often at night, putting operators at risk for distractions and drowsiness. Though trains have become more sophisticated and automated, track design, switches, routing, and speed limits still need an operator’s full attention. Staying awake and focused is paramount as accidents are extremely costly, risking loss of life and endangering the environment with flammable or hazardous waste materials.
Our premier partner, Progress Rail and Electro-Motive Diesel, saw the value we were delivering to the mining sector. We signed our partnership agreement to undertake joint production and market development activities to bring innovative and value-added technology to the rail industry.

 

 

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Significant Shareholders

Shareholder % of total Shares in issue
VS International Venture 11.19
Miton Asset Management 6.98
Legal & General Investment Management 5.66
Independent Investment Trust 4.46
Herald Investment Management 4.13
Lombard Odier Investment Managers 3.67
 

 

Head Office


80 Mildura Street
Fyshwick, ACT Australia 2609

+61 2 6103 4700

Share Register

Australia

Computershare Investor Services Pty Limited

GPO Box 2975

Melbourne, Victoria, 3001

Australia

 

United Kingdom

Computershare Investor Services Plc

PO Box 82

The Pavilions

Bridgewater Rd

Bristol BS99 7NH

United Kingdom

 

Solicitors

Australia

Clayton Utz

333 Collins Street

Melbourne

Victoria, 300

Australia

 

United Kingdom

Field Fisher Waterhouse LLP

Riverbank House

2 Swan Lane

London EC4R 3TT

United Kingdom

 

Auditors

Ernst & Young

51 Allara Street

Canberra ACT 2600

Australia

 

Financial PR

Newgate Threadneedle

Aldermary House

10-15 Queen Street

London EC4N 1TX

United Kingdom

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