Alliance with Caterpillar Global Mining

RNS Number : 7101F

Seeing Machines Limited

28 May 2013

 

Seeing Machines Significantly Impacts Driver Fatigue with Eye-Tracking Technology via Alliance with Caterpillar Global Mining

Perceptual computing technology to protect drivers from "asleep at the wheel" syndrome

Canberra, Australia, 29^th May 2013 - Seeing Machines (AIM: SEE) has signed a strategic agreement with Caterpillar Global Mining LLC., the world's  leading manufacturer of mining equipment, for in-cab Fatigue Monitoring Systems for use in mining machines.  The exclusive agreement covers the use of eye-tracking technology in the cabs of mining vehicles to enable the monitoring of operators for signs of fatigue and distraction. 

The agreement covers a multiple-phase approach that commences with a supply and support agreement of the Fatigue Monitoring Systems through the global Cat® Dealer network and progresses to further phases that include joint product development and technology licensing agreements. 

Mining companies have identified fatigue management as a key health and safety issue.  Factors such as night shift work, high altitude, fly in - fly out and long shifts, all contribute to increasing fatigue risk especially when operating mining machines.  At present only limited technology is in place to protect the employees and operators of mines from these risks.   

The Seeing Machines Fatigue Monitoring System is based on patented eye-tracking technology that can detect if a driver is distracted or falling asleep at the wheel.  Using sensing equipment that requires no re-calibration between different drivers, the system tracks head alignment for potential distraction of the driver while simultaneously tracking and analysing eye behaviour to detect micro sleeps.  This enables warnings to be given through in-cab alerts, or for alerts to be provided to site managers for direct intervention.

"The agreement with Caterpillar shows the huge value that eye-tracking technology can have in keeping drivers safe," explained Ken Kroeger, CEO of Seeing Machines.  "The open-cut mine is a challenging environment and the application of this technology in such a critical area shows the value and robustness of the Seeing Machines systems.  After establishing eye-tracking as proven technology in the most difficult environments for this part of the mining industry, the next step is to establish its value in wider markets to protect drivers, workers and the public at large."

 "The safety of our mining customers' employees is a paramount issue to us," said David Edwards, Safety Solutions Manager for Caterpillar Global Mining.  "Seeing Machines delivers both safety and productivity benefits to the mining industry.  Going forward we see even closer integration between what in-cab fatigue monitoring can deliver in both intervention alerts and analytics to improve safety and performance."

Under the agreement, Seeing Machines and Caterpillar envision greater integration of the Fatigue Monitoring Systems with Cat MineStar™ System so that data on fatigue and distraction can be integrated into the overall management functions of the mine and business. 

"The agreement with Caterpillar is a major business breakthrough for Seeing Machines in establishing our technology in the mining industry," stated Terry Winters, Chairman of Seeing Machines.  "The application of our technology in this market and our business alliance with Caterpillar are critical steps in the evolution of Seeing Machines.

About Seeing Machines

Seeing Machines, (AIM: SEE), is an AIM-listed technology company that specialises in visual computing systems that track faces, eye and facial features in real time. Its software and engineering services are used in products and applications that range from devices that detect eye disease to prevent loss of sight, to those that improve driver safety and save lives. Seeing Machines technology is used worldwide across the automotive, mining, gaming, transport and aviation industries; as well as many of the leading academic research groups, transportation authorities, and Defence Departments. Seeing Machines is based in Canberra, Australia, and Tucson, Arizona and counts Toyota, Nissan, Motorola and Bosch among its customers.

For further information please contact:

Ken Kroeger, CEO

Seeing Machines Limited

[e-mail]

Tel: [phone]

Terry Winters, Chairman

Seeing Machines Limited

[e-mail]

Tel: [phone]

James Kennedy

AxiCom

[e-mail]

Tel: [phone]

Ed Frisby / Ben Thompson (corporate finance)

Simon Starr (corporate broking)

finnCap

Tel: [phone]

 

END

 

 

MSCPGUBGAUPWGWR