logo-loader
viewSeeing Machines Ltd.

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

AIM:SEE
Market: AIM
Market Cap: £89.18 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Seeing Machines Ltd. named herein, including the promotion by the Company of Seeing Machines Ltd. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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

2 min read