Seeing Machines Secures $1.2 Million Deal to Enhance Autonomous Vehicle Safety

Seeing Machines ( (GB:SEE) ) has shared an announcement.

Seeing Machines has secured a $1.2 million agreement to supply Guardian Backup-driver Monitoring Systems to a leading North American autonomous driving company. This collaboration highlights Seeing Machines’ pivotal role in advancing autonomous vehicle technology by ensuring safety and reliability through its monitoring systems. The integration of these systems into self-driving test vehicles is crucial for the expansion of autonomous mobility services, promising enhanced safety and efficiency in urban transportation.

The most recent analyst rating on (GB:SEE) stock is a Buy with a £13.00 price target. To see the full list of analyst forecasts on Seeing Machines stock, see the GB:SEE Stock Forecast page.

Spark’s Take on GB:SEE Stock

According to Spark, TipRanks’ AI Analyst, GB:SEE is a Neutral.

Seeing Machines faces significant financial hurdles, including high leverage and negative cash flows, impacting its stock score. Positive corporate events and strategic partnerships offer long-term optimism but are overshadowed by current financial instability and unattractive valuation.

To see Spark’s full report on GB:SEE stock, click here.

More about Seeing Machines

Seeing Machines, founded in 2000 and headquartered in Australia, is a leader in vision-based monitoring technology. The company designs AI-powered systems to enhance transport safety across various sectors, including Automotive, Commercial Fleet, Off-road, and Aviation. Their technology focuses on real-time understanding of vehicle operators, aiming to improve safety by monitoring driver states and reducing accident risks. Seeing Machines operates globally with offices in Australia, USA, Europe, and Asia.

Average Trading Volume: 17,670,356

Technical Sentiment Signal: Sell

Current Market Cap: £107.6M

See more data about SEE stock on TipRanks’ Stock Analysis page.