Seeing Machines updates on automotive and aftermarket progress [Video]

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone sits down with Proactive’s Tylah Tully to discuss the company’s progress, including the Automotive business, future plans and market trends.

The company has secured more than US$390 million in awarded OEM programmes and most revenue will be realised by 2028.

With more than 2.2 million cars using its Driver Monitoring Systems (DMS), Seeing Machines is focused on increasing production and winning new business, despite challenges in the automotive industry, including delays in OEM RFQs due to the revised Euro NCAP 2026 safety regulations and EV slowdowns.

In regard to its partnership with Magna, the company confirmed its mirror solution is in production and remains the only solution on the market.

Seeing Machines continues to pursue new opportunities despite delays and is also active in the Japanese market, preparing for future business with potential customers.

In the Aftermarket sector, the company is expanding with the Guardian Generation 3 system now approved for use in Europe and is preparations are being made for its US launch.

Seeing Machines remains committed to its mission of enhancing road safety and anticipates releasing its FY 2024 results in October.

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