Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has announced a non-exclusive distribution agreement with Mobileye Vision Technologies Ltd to enhance Seeing Machines’ Guardian aftermarket offering.
Under the agreement, Guardian, which targets the commercial fleet sector, will incorporate Mobileeye’s suite of advanced driver assistance systems (ADAS) to alert drivers of potentially dangerous situations.
Guardian is currently used in over 26 countries and alerts drivers of potentially dangerous situations through its proprietary face and eye-tracking algorithms. The system is connected to a 24/7 monitoring centre and cloud analytics engine that gives fleet owners customizable intervention and analytics options.
Mobileye and Seeing Machines will jointly market the combined offering to transport and logistics customers worldwide. The deal comes at a time when the EU's updated General Safety Regulation is coming into force, and awareness around driver safety is growing.
In a statement, Paul McGlone, CEO of Seeing Machines, commented: "We are delighted to be working with Mobileye, and leveraging their leadership position in ADAS, to help realise our shared objective of reducing fatal accidents on our roads."