Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has revealed the scale of adoption of its driver safety system with new key performance indicators covering the first quarter that revealed that over half a million cars hit the roads fitted with the company’s technology.
The exact figure showed 559,302 ‘units’ installed with the group’s eye-tracking combined hardware and software system that monitors the driver’s attention to the road and surroundings.
That represented year-on-year growth of 204%, or 25% quarter-on-quarter (Q-o-Q). Aftermarket sales of the company’s Guardian system were 41,415, up 6% Q-o-Q.
“Our technology is well entrenched as market-leading and that is evidenced by the momentum we see in our dealings and importantly, the numbers,” said Seeing Machines chief executive Paul McGlone in a statement.
“It is tremendous to see cars on road, fitted with our technology, increasing with a significant year-on-year hike and 25% increase over the final quarter of fiscal FY22, as more of our ongoing programs progress into production," he added.