Seeing Machines 'ruggedises' its hardware platform

Seeing Machines, the maker of equipment that tracks the facial movements of drivers to make sure they are awake, has launched the latest version of its Driver State System (DSS) product, alongside the establishment of its Fatigue Consulting Services.

The hardware platform of DSS Version 3.0 is considerably more "ruggedised" than previous versions and has been developed based on results from extensive testing and field trials conducted in partnership with global mining companies during the past year.

The company said it expects to experience an expansion in roll-outs within existing customer operations and faster uptake of the product from the growing pipeline of potential customers.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

The Fatigue Consulting Services involves a team of experienced consultants to provide customers with a holistic approach to managing fatigue, through which the various issues of fatigue management can be better addressed and the risks of accident pro-actively reduced, the firm said.

Chief Executive Officer Ken Kroeger commented: "DSS Version 3 is a major step forward in the development of our DSS solution, which effectively eliminates the issues that had formerly slowed our progress. The timing of the product launch could not be better with increasing interest in our DSS offering from the mining community and a number of potential fleet-wide roll outs in the pipeline. This product will allow us to move forward in confidence, focusing our efforts on exploiting these new opportunities rather than reacting to existing issues."

The share price 9.52% to 2.88p by 15:35.

NR