Director Resignation

RNS Number : 7565Q

Seeing Machines Limited

02 March 2016

 

Seeing Machines Limited

Director Resignation

2 March 2016

Seeing Machines Limited (AIM: SEE), the AIM listed vehicle operator monitoring technology company, announces the resignation of James Walker as Chief Financial Officer (CFO) and Executive Director.  Mr Walker, who is based in Sydney, has resigned in order to take up a CEO role at another emerging non competing technology company.

Mr Walker joined the Company as CFO in June 2013 and was appointed to the Board as an Executive Director in January 2014.   Mr Walker's resignation as a Board director takes effect on 1 March 2016, and under the terms of his employment agreement as CFO, Mr Walker is obliged to give the Company not less than three months' notice of his resignation. This period will end on 1 June 2016.  In the meanwhile, he will continue to provide support to the Company in his CFO role until that date, or such other earlier date that the Board may decide.  The Board will shortly begin a process of identifying appropriate candidates for the CFO role. 

Seeing Machines' Chairman, Terry Winters:

"The Board acknowledges and appreciates the dedication James has shown and the significant contribution he has made to the Company over the last three years, and we warmly wish him every success in his next challenge."

Enquiries:

Seeing Machines Limited		www.seeingmachines.com  / [phone]
Ken Kroeger, Managing Director and CEO		[e-mail]
Media inquiries: Adrian Dean		[e-mail]
	finnCap Ltd, Broker for Seeing Machines
	Ed Frisby / Emily Watts, Corporate Finance	[phone]
	Joanna Scott, Corporate Broking
	Newgate, Investment Communications for Seeing Machines
	Robyn McConnachie Bob Huxford Adam Lloyd	Mob: [phone] [e-mail] Tel: [phone] / Mob: [phone] [e-mail] Tel: [phone] / Mob: [phone] Adam [e-mail]

About Seeing Machines

Seeing Machines, (AIM: SEE) is focused on operator monitoring and intervention sensing technologies and services. With more than 15 years of experience, Seeing Machines uses advanced detection and prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events, such as microsleeps, texting and cell phone use as they occur, while providing for a real-time intervention strategy, which improves operator, driver and environmental safety, preserves assets, and reduces risk. Seeing Machines' technology is used worldwide across the automotive, mining, transport and aviation industries; as well as many of the leading academic research groups and transportation authorities. Seeing Machines is headquartered in Australia and has offices in Tucson, Arizona, Mountain View, California and Santiago, Chile. The Company counts Caterpillar, BHP Billiton, Freeport, Electro Motive Diesel, Boeing, Takata, SEMCo and Eye Tracking Inc among its customers or partners. 

 

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