Outlook: Scaling up the opportunities
SM has been actively planning its new strategy, following its £16m fund raisings, and has chosen to focus on areas where its IP can be used to enhance operator safety and performance. SM is now moving rapidly to enhance R&D to fast track technology for the auto industry and other OEM products. On our new forecasts, SM is loss making until FY17. However, it is planning to bring a lower-priced unit to the road transport (fleet) market by FY16 that could significantly accelerate revenue growth.Seeing Machines is engaged in developing, selling and licensing products, services and technology to detect and manage driver fatigue and distraction; developing driver-monitoring technology to be incorporated into passenger cars; entering commercial agreements with partners for the development, manufacturing and sale of products into key target markets; and research and development of Co.'s core vision processing technologies to support the development and refinement of Co.'s products.
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