Seeing Machines Ltd (LON:SEE) has hailed “additional momentum” in the US market for mandatory driver monitoring system (DMS) technology following the introduction of the 21st Century Smart Cars Act to the US Congress.
The AIM-listed company said the Act, introduced by Congresswoman Jan Schakowsky, will require a range of safety technologies to become standard on all US passenger vehicles within four years as well as mandating strong performance requirements. Specifically, the legislation calls for 'direct driver monitoring', indicating that a camera will likely be the primary requirement to determine driver engagement.
READ: Seeing Machines hails increasing US momentum for mandatory driver monitoring technology
Seeing Machines said the developments in the US are “completely aligned” with its view that DMS is fundamental to the automotive transport sector and that the fitment rate will “accelerate substantially over the coming years, globally”.
The group added that it is currently working with all major US automotive manufacturers to deliver its technology, with some of these vehicles already in production and on sale to consumers after being fitted with camera-based DMS.
"More momentum in the US is great news for Seeing Machines and, while not surprising, further affirms our view on the total market opportunity for camera-based DMS,” Seeing Machines chief executive Paul McGlone said in a statement.
“We will continue our work with our Tier 1 and OEM customers and with governments, industry bodies and regulators around the world to influence the growing safety agenda and look forward to more jurisdictions following in these footsteps," he added.