Seeing Machines Limited
04 March 2008
4 March 2008
Seeing Machines Limited
('Seeing Machines' or the 'Company')
MULTI-MILLION DOLLAR LICENSE AGREEMENT SIGNED FOR DRIVER MONITORING TECHNOLOGY
Seeing Machines (AIM: SEE), a leading developer of advanced computer based
imaging software systems, announces that it has signed a long-term multi-million
dollar enterprise license agreement with Dycom Industries Inc (NYSE: DY)
('Dycom'), for the use of Seeing Machines' driver monitoring technology.
The agreement includes:
• an enterprise license for the use of Seeing Machines driver monitoring
software;
• long term support and maintenance services;
• the provision of custom hardware;
• training and consulting services.
The agreement is set to deliver initial revenue of approximately AUD$2.5 million
(£1.08m) in this calendar year and will generate significant future revenues
through the ongoing provision of services and hardware.
The companies have also concluded a second agreement that allows for the
technology to be offered to others following the initial deployments.
Dr Nick Cerneaz, CEO of Seeing Machines commented: 'This agreement represents
the first major multi system deployment of our driver monitoring technology.
The long term vision of this project recognizes the potential to expand the
joint technology offering created and make it available to others as it is
further developed. This agreement offers a significant step forward in our
near-term commercialization efforts, but also represents a serious opportunity
for substantial growth in the medium and long term.'
Further information about Seeing Machines and the driver monitoring technology
can be obtained from the Company web site: www.seeingmachines.com. Further
information about Dycom can be obtained from Dycom's website: www.dycomind.com.
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Enquiries:
Seeing Machines Limited Grant Thornton Corporate Finance Parkgreen Communications
Nick Cerneaz, CEO Fiona Owen Justine Howarth, Erica Nelson
+61 (0) 2 6125 6501 +44 (0) 20 7383 5100 +44 (0) 20 7851 7480
www.seeingmachines.com
Notes to editors:
About Seeing Machines
Seeing Machines is an award winning Technology Company which focuses on vision
based human machine interfaces. Formed in 2000 in Canberra, Australia, Seeing
Machines' purpose is to commercialise its computer-vision across a range of
industries and applications.
Seeing Machines deliver advanced computer vision solutions for researches and
developers in human factors, transportation safety, computer human interaction,
robotics, medical research and psychology. The flagship product faceLAB(R)
provides an automated and contact-free gaze and head tracking technology, it
solves the problem of observing human behaviour naturally, non-intrusively and
with a high degree of accuracy and usability. Building on these unique face
tracking and pupil measurement and monitoring capabilities, the TrueField
Analyzer(R) is new medical device to assist clinicians detect and manage eye
diseases such as glaucoma.
The TrueField Analyzer(R) offers a new objective method to help doctors diagnose
and manage a range of eye diseases including glaucoma, age related macular
degeneration and diabetic retinopathy. Glaucoma affects about 2-3% of the
population over 40 years of age and is a leading source of blindness. Unlike
most other devices available to the clinician the TrueField Analyzer is a
completely objective test and it is quick and easy for patients and technicians
alike. The device measures both eyes concurrently and due to the reliability
that arises from the objective nature of the test, it has the potential to
become a new standard in the measurement of visual field defects and thus in the
diagnosis and management of disease such as glaucoma.
More generally Seeing Machines' computer vision systems are able to measure the
orientation and position of a human head, estimate eye-gaze direction, detect
eye blinks and track other facial features. This functionality is achieved
entirely though visual means, using video cameras connected to advanced image
processing software, with no attachments required on the subject. Products such
as faceLAB(R) are designed to allow human factors researchers and designers to
assess the interaction of an operator in an environment and this finds
application in designing operator environments, such as cockpits for cars,
trucks, trains, and aeroplanes for instance, and other industrial design
applications, as well as medical and psychological research situations. The
technology has been developed into the Driver State Sensor (DSS2) product for
application in monitoring vehicle drivers and if it detects drowsiness (fatigue)
or that the driver is distracted and their attention has been diverted from the
road, alarms are raised to alert the driver to these events. In larger
deployments, such as in fleet and mining equipment operations, the data is
available in both real-time and off-line modes for fleet management, driver
training and awareness programs
The systems work in real-time, enabling the behaviour of subjects to be tracked
in real-time. This technology is paving the way in promoting safer driving
conditions and works to enhance the driving experience and to eliminate
accidents caused through driver drowsiness or distraction.
There are many different sectors that can benefit from this revolutionary
software, for which it has been developed, including: automotive; academic
research; medicine/healthcare; defence; autostereoscopy (next generation
displays); sport; and games.
www.seeingmachines.com
This information is provided by RNS
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