Seeing Machines Announces German Automotive OEM Award
Seeing Machines announced an automotive program design win with a second premium German Automotive OEM to deliver its FOVIO driver monitoring technology into new automobile models, planned for mass production from 2021.
Seeing Machines has been selected in conjunction with three major Tier 1 automotive suppliers to deliver the program covering much of the OEM model portfolio.
With an estimated revenue value of A$25M based on initial included models and lifetime volume projections, this program is expected to be classified as a large value program (according to previously provided guidelines).
Nick DiFiore, General Manager of Automotive, Seeing Machines, commented: “This further award in Europe is evidence of our technology leadership as we continue to expand our position with premium Automotive OEMs to deliver world-class driver monitoring technology.”
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