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Seeing Machines Limited

Guardian cost reductions will make a material difference to cashflow says Seeing Machines CEO

Seeing Machines Limited (LON:SEE) chief executive Paul McGlone and Pat Nolan, GM Aviation, explain the face monitoring tech company is now moving to delivery from R&D.

McGlone expects a significant reduction in the cost of its Guardian commercial vehicle fatigue monitor to have a material impact on cashflow.

Automotive, meanwhile, has seen a new chip supply deal for its Fovio system, which also simplify supply lines, while the third leg of the business – aviation – is seeing real traction with simulator groups, airlines and flight controllers.

The focus now is delivery in automotive and expansion in fleet/commercial vehicles and aviation.

Quick facts: Seeing Machines Limited

Price: 4.675 GBX

Market: AIM
Market Cap: £157.32 m
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Investor Update: Seeing Machines wins Guardian deal with large Canadian...

Headlines from the Proactive UK newsroom. Seeing Machines (LON:SEE) has signed a contract to install its Guardian fatigue monitoring system in up to 120 of Bison Transport’s trucks. Bison is one of Canada’s largest trucking firms and was recently named North America's Safest...

3 weeks ago

2 min read