Seeing Machines (GB:SEE) has released an update.
Seeing Machines Limited has solidified its market position in the automotive safety industry by acquiring Asaphus Vision GmbH and entering a strategic collaboration with automotive supplier Valeo to enhance AI and ML capabilities. The partnership aims to capitalize on the growing demand for advanced safety features in vehicles, as regulatory changes in the EU and China increase the need for sophisticated driver monitoring systems. This strategic move is expected to be cash neutral for Seeing Machines while promising positive contributions to revenue growth over time.
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