Seeing Machines Limited (LON:SEE) believes artificial intelligence applications may eventually be as important for its fatigue monitoring and eye tracking technology than its current focus on transport safety.
It was a huge contract for its fatigue monitoring technology with off-road vehicle giant Caterpillar that spurred a 161% increase in revenues in the year ended June.
Seeing Machines has also just unveiled FOVIO, a chip designed to monitor driver behaviour in semi-autonomous cars.
Unlike the driverless version, semi-autonomous cars still have the driver present.
Seeing Machines’ tech ‘makes sure‘ the driver of a semi-autonomous cars is available if required to take back control of the vehicle says chief executive Ken Koreger.
The FOVIO business will be stand-alone operation, he says, and believes semi-autonomous cars as a market will be around for a “lot longer than people expect.”
Elsewhere, an in-plane fatigue monitor and tracking device is now ready to be a standalone product range while there is also a trial underway in 500 rail locomotives to test for driver awareness.
Further out, Koreger believes Seeing Machines is now at stage where it can diversify away from just transport safety applciations.
Artificial intelligence’s (AI) emergence gives it a role to play in a much wider market.
The next generation machines, for example, will recognise if people are frustrated by using a machine by observing how they use it.