Seeing Machines Limited

Seeing Machines has won a new driver monitoring contract with a European carmaker worth around $5 million in lifetime revenue, as new EU safety rules make the technology mandatory on new vehicles. Production starts in 2028, with the system built into a rear-view mirror for easy deployment across multiple platforms. Frontier IP portfolio company Cambridge Raman Imaging has secured a €400,000 European grant to scale up its AI-powered pharmaceutical quality control technology and appointed a China-based distributor with over 100 customers globally. ImmuPharma has appointed Thermo Fisher Scientific to develop and manufacture the finished form of its experimental diabetes treatment Kapiglucagon, completing the main manufacturing partnerships alongside Swiss group Bachem, which is handling the active ingredient. MP Evans grew crude palm oil production 11% to 192,300 tonnes in the first half, supported by higher harvests across its Indonesian estates, with pricing holding firm at around $873 per tonne. Ariana Resources says its Tavşan gold mine in Türkiye has completed its ramp-up and is now processing ore at the required rate of at least 4,000 tonnes a day, with gold recovery tracking at around 70%. 88 Energy has moved its Augusta-1 Alaska well closer to a first-quarter 2027 spud after securing a rig and camp, and prospective resources at South Prudhoe have been upgraded by 35%.

Seeing Machines has secured a $31 million expansion of an existing programme with a major European carmaker, extending its driver and occupant monitoring technology into additional vehicle models with production due to begin in 2026. Quantum Blockchain Technologies announced that its BlocKeeper subsidiary has been incorporated in Malta and plans to build a capital-light Bitcoin virtual mining operation by acquiring and managing hash rate from industry participants. London BTC Company has added a third project to its US gold hedge strategy with the Teep Gold-Silver Project in Nevada, where early sampling returned high-grade gold and silver results and follow-up work is now planned to define drill targets. Foresight Environmental Infrastructure has appointed Stephanie Coxon as its next chair, succeeding Ed Warner in September after four years in the role during which the company completed a rebrand and delivered dividend growth.