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Guardian cost reductions will make a material difference to cashflow says Seeing Machines CEO

Seeing Machines Limited (LON:SEE) chief executive Paul McGlone and Pat Nolan, GM Aviation, explain the face monitoring tech company is now moving to delivery from R&D.

McGlone expects a significant reduction in the cost of its Guardian commercial vehicle fatigue monitor to have a material impact on cashflow.

Automotive, meanwhile, has seen a new chip supply deal for its Fovio system, which also simplify supply lines, while the third leg of the business – aviation – is seeing real traction with simulator groups, airlines and flight controllers.

The focus now is delivery in automotive and expansion in fleet/commercial vehicles and aviation.

Quick facts: Seeing Machines Ltd.

Price: 2.65 GBX

Market: AIM
Market Cap: £89.18 m

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Seeing Machines Ltd 'refocused on fastest route to profitability'

Seeing Machines Limited (LON:SEE) CEO Paul McGlone talks Proactive London's Andrew Scott through its business restructure and additional steps taken to navigate the challenges presented by COVID-19. He says they've managed to cut the cost base by A$12mln and among the initiatives being...

6 days, 6 hours ago

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