Seeing Machines (AIM:SEE) global agreement with Caterpillar in quick time is great news
The AIM technology group, focused on operator monitoring and intervention sensing technologies, has signed an agreement with US giant Caterpillar to take over manufacturing and sales of Seeing Machines’ DSS product, plus award of Fleet product distribution rights – this looks a terrific vote of confidence in the AIM Group’s technology!
Seeing Machines uses advanced detection and prevention safety assistance technologies to track eye and facial movement in order to monitor fatigue, drowsiness and distraction events, such as microsleeps, texting and cell phone use as they occur, while providing for a real-time intervention strategy, which improves operator, driver and environmental safety, preserves assets, and reduces risk. Seeing Machines’ technology is used worldwide across the automotive, mining, transport and aviation industries; as well as many of the leading academic research groups and transportation authorities. The agreement with Caterpillar Inc, which is the final phase of the alliance between the two companies announced…