Seeing Machines wins €5 million driver monitoring contract with European carmaker

Industry
โดย Proactive Investors·Read original
Summary · why it matters

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%.

Impact on stocks 8

Materials▲ · 3 stocks
Ariana Resources plc
AAU
▲ PositiveSupplyrelevance

Ariana's Tavşan gold mine completes ramp-up, processing at required rate with ~70% gold recovery.

Biotech & Genomic Medicine▲ · 2 stocks
ImmuPharma PLC
IMM
▲ PositiveTechnologyrelevance

ImmuPharma appoints Thermo Fisher to develop and manufacture finished form of diabetes treatment Kapiglucagon.

Thermo Fisher Scientific Inc
TMO
▲ PositiveDemandrelevance

ImmuPharma appoints Thermo Fisher to develop and manufacture its experimental diabetes treatment, generating service revenue.

Energy▲ · 1 stocks
88 Energy Ltd
88E
▲ PositiveSupplyrelevance

88 Energy secures rig and camp for Alaska well, moving closer to spud; prospective resources upgraded 35%.

Robotics & Physical AI▲ · 1 stocks
Seeing Machines Limited
SEE
▲ PositiveDemandrelevance

Wins €5 million driver monitoring contract with European carmaker, driven by new EU safety regulations.

Financials▲ · 1 stocks
Frontier IP Group Plc
FIPP
▲ PositiveCapitalrelevance

Portfolio company Cambridge Raman Imaging secures €400,000 European grant and appoints China distributor.

Off-coverage companies 1

Cambridge Raman ImagingPrivate▲ Positive
Capitalrelevance

Secured €400,000 European grant and appointed China-based distributor.

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