Expanded program with existing OEM customer
Seeing Machines has been selected by a new Tier 1 supplier to deliver our FOVIO driver monitoring platform into a new generation architecture addressing additional car models for an existing European OEM customer.
Production for the additional car models is scheduled from 2022, with incremental revenue expected to exceed A$23m.
“We are delighted to be expanding our footprint with an existing OEM customer as we demonstrate our versatility in adapting to their diverse integration needs across vehicle models. We are also excited to be working with a new Tier 1 supplier as we further grow our automotive supply chain relationships,” said Nick DiFiore, SVP & GM Automotive.
Seeing Machines now counts nine automotive OEM production awards spanning a broad range of car and truck models with six OEM customers. Working closely with a growing ecosystem of Tier 1 partners, the Company now expects these programs to deliver over A$200m in revenue.
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