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Seeing Machines partners with Australian insurer NTI to promote Guardian driver monitoring system

The two companies would establish a range of programs to promote the benefits of the Guardian system, which detects driver fatigue and distractions in real time

Fleet of trucks
NTI is Australia’s number one truck insurer and has a major share of the country’s commercial fleet insurance market

Seeing Machines Limited (LON:SEE) has partnered with National Transport Insurance (NTI), an Australian specialist insurer, to promote its Guardian driver monitoring system to policyholders.

The firm, which develops artificial intelligence (AI) systems to monitor vehicle operators, said the two companies would establish a range of programs to promote the benefits of its Guardian system, which detects driver fatigue and distractions in real time.

READ: Seeing Machines raises £27.5mln as Caterpillar royalties drive first-half gross profit growth

The partnership would also extend to analysing sets of driving data collected by Seeing Machines in order to extract insurance and risk statistics.

NTI is Australia’s number one truck insurer and has a major share of the country’s commercial fleet insurance market.

Paul McGlone, general manager of Seeing Machines’ Fleet division, said the partnership would open up “significant opportunities” for the firm to accelerate the growth of the Fleet business and “create new information based collaboration and services”.

The company has already seen its driver monitoring tech deployed with companies such as Caterpillar Inc (NYSE:CAT), which has been installing the system into new diggers that roll off its production line.

In early trading on Friday, Seeing Machines shares were up 0.8% at 3.1p.

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Price: 4.213 GBX

AIM:SEE
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Market Cap: £141.78 m
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