Japanese Auto Award and Extended European Program

Summary by AI BETAClose X

Seeing Machines Limited announced new business awards totaling US$11.6 million, including an initial US$10 million lifetime value from an existing European Tier 1 customer for their Driver Monitoring System (DMS) technology, with production expected from 2028 to 2031. Additionally, the company secured a US$1.6 million program with Mitsubishi Electric Mobility Corporation for a Japanese OEM, also slated for production in 2028. These awards bring the cumulative initial lifetime value of all Seeing Machines Automotive programs to over US$400 million, with the majority anticipated by 2028, reinforcing their growth strategy and positioning for upcoming European regulatory deadlines.

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