IN BRIEF: Seeing Machines wins contracts for two car makers in Japan

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Seeing Machines Ltd - Canberra-based maker of vehicle operator monitoring systems - Wins awards to supply its driver and occupant monitoring systems for two Japanese car makers. The indirect deals, which have an estimated initial lifetime value of $11 million in total, are won through European and Japanese suppliers that are existing customers of Seeing Machines. It will provide its DMS and OMS software across multiple vehicle platforms set to start production from 2028.

‘Selection through both European and Japanese tier 1 partners highlights the flexibility, scalability and proven performance of our technology across diverse vehicle platforms and customer requirements,’ says Chief Executive Officer Paul McGlone. ‘It also validates our long-term investment in Japan, where we are now seeing increasing engagement from [original equipment manufacturers] as they broaden their sourcing strategies for in-cabin monitoring solutions.’

Current stock price in London: 4.40 pence, 6.0% on Monday

12-month change: up 96%

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