Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Seeing Machines takes wraps off next-gen driver monitoring system

(Sharecast News) - Driver monitoring technology specialist Seeing Machines unveiled Guardian Generation 3, the newest iteration of its aftermarket driver monitoring system (DMS), on Tuesday. The AIM-traded firm said Guardian Generation 3 had undergone independent testing, and was certified to meet the European Commission's General Safety Regulation for Drowsiness Detection, which becomes mandatory for all new cars, vans, trucks, and buses in Europe from July.

It said the upgraded version of Guardian also boasted enhanced features, including refined microsleep detection and eye-gaze tracking, which significantly improve its capability to accurately identify instances of distracted driving.

"Regulation continues to drive demand for all of our DMS technology and I am very pleased to see that we have successfully launched the next generation of our Guardian solution for commercial transport and logistics companies as well as commercial vehicle manufacturers," said chief executive officer Paul McGlone.

"A reliable solution that only activates when required is so important for driver adoption and continued road safety."

Additionally, McGlone said supporting commercial vehicle OEMs with an aftermarket or factory fit solution was critical to their ability to sell compliant vehicles.

"And, given the lower annual volume of production of these vehicles versus cars, I am delighted that Seeing Machines is able to service this new market segment profitably and continue to drive our purpose of getting people home safely."

At 1221 GMT, shares in Seeing Machines were up 2.07% at 5.43p.

Reporting by Josh White for Sharecast.com.

Share this article

Related Sharecast Articles

Agronomics investee Solar Foods raises EUR 8m
(Sharecast News) - Cellular agriculture investor Agronomics announced on Friday that its portfolio company Solar Foods had raised an additional €8m through Finnish investment organiser Springvest.
Berenberg hikes target price on Greggs
(Sharecast News) - Analysts at Berenberg raised their target price on bakery chain Greggs from 3,550.0p to 3,990.0p on Friday as it noted that customer appeal had broadened as its market share was expanding.
Thousands of UK firms fighting for survival - Begbies Traynor
(Sharecast News) - More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.
Thruvision FY24 adjusted underlying losses widen
(Sharecast News) - Security technology business Thruvision said on Friday that adjusted underlying losses had widened in FY24 as revenues fell.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.