Seeing Machines Limited
18 September 2006
18 September 2006
Seeing Machines Limited
('Seeing Machines' or the 'Company')
SEEING MACHINES MAKES STRONG PROGRESS IN AUTOMOTIVE MARKET
DRIVER FATIGUE AND DISTRACTION SYSTEM COMMENCE
SECOND PHASE FIELD TRIAL
Seeing Machines (AIM : SEE) announce the commencement of the second phase field
trial of the driver fatigue, distraction and state sensor system ('DSS') in
association with a major oil field services and mining company in Texas, USA.
In a collaborative effort with our technology commercialization partner, Hella
KGaA Hueck & Co ('Hella'), Seeing Machines is testing the technology under real
world operating conditions.
This second phase trial builds on the initial phase that has been run over the
last 6 months with Seeing Machines' Texan Partners. That work has inspired a
number of refinements and optimizations of the DSS-Research product that are now
being tested.
Nick Cerneaz, CEO, Seeing Machines said: 'Putting the device into the hands of a
fleet operator working under such harsh conditions is allowing us to iron any
remaining issues before we proceed to the general release of the product in the
near future. We are enthused with the progress of the testing to date and very
much look forward to this next phase.'
The DSS-Research Product will be released in Q4 2006 and is targeted at
government, university and fleet manager multi-car fleet trials / research.
AutocRC PrOJECT Agreement SIGNED
Seeing Machines announces the execution of an agreement for research,
development and commercialisation into vision based collision avoidance
applications with the Co-operative Research Centre for Advanced Automotive
Technology Ltd. ('AutoCRC'). Seeing Machines had earlier agreed to become a
Research Participant in the AutoCRC, and this agreement constitutes the
formation of a specific project and programme of work within that framework.
The vision based collision avoidance project is a collaborative project lead by
Seeing Machines and includes Latrobe University and the Australian National
University as R&D participants along with GM Holden and Australian Arrow as
industry participants.
Seeing Machines will receive A$788k for work on the project through to September
2008. This project is initially focused on speed sign recognition, and through
the remainder of the AutoCRC's seven year lifespan, additional funding may be
made available to address a range of other safety issues such as pedestrian
detection and integrated lane departure warning.
Nick Cerneaz, CEO, Seeing Machines said 'The AutoCRC is a tremendous framework
to support the development of advanced technology that requires contributions
from a wide spectrum of academic, technology and commercial partners, leveraging
the best each party has to offer. The computer vision based collision avoidance
systems being developed in this program dovetail nicely with the strategies of
our own automotive business and we are consequently keen supporters of this
programme.'
The AutoCRC was established as part of the Australian Federal Government's CRC
Program initiative. For more information on the CRC Program see https://
www.crc.gov.au/Information/default.aspx. For more information on the AutoCRC
see www.autocrc.com.
--- ENDS ---
Enquiries:
Seeing Machines Limited Insinger de Beaufort Parkgreen Communications
Nick Cerneaz, CEO Simon Fox Justine Howarth /
Victoria Thomas
+61 (0) 2 6125 6501 +44 (0) 20 7190 7018 +44 (0) 20 7493 3713
www.seeingmachines.com
This information is provided by RNS
The company news service from the London Stock Exchange
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