Seeing Machines secures new monitoring programme deal

(Sharecast News) - Seeing Machines said on Wednesday that it secured a new driver and occupant monitoring programme with a European carmaker through an existing Tier 1 customer. Its technology will be integrated into a rear-view mirror system for future vehicle platforms, including electric models, with production expected to begin in 2028.

The AIM-traded firm said the contract is expected to generate around $5m in initial lifetime revenue and adds to the company's automotive production pipeline.

Seeing Machines said the award came as new European Union driver-monitoring safety requirements took effect, supporting broader adoption of camera-based in-cabin safety systems.

At 1445 BST, shares in Seeing Machines were up 4.71% at 4.78p.

Reporting by Josh White for Sharecast.com.

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