Seeing Machines Limited European Council Adopts Enhanced Safety Regulation (9586S)
11 Novembre 2019 - 10:58AM
UK Regulatory
TIDMSEE
RNS Number : 9586S
Seeing Machines Limited
11 November 2019
11 November 2019
Seeing Machines Limited
European Council Adopts Regulation to Enhance Safety
Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the
"Company"), the advanced computer vision technology company that
designs AI-powered operator monitoring systems to improve transport
safety, is pleased to note that, following an agreement with the
European Parliament in March, the European Council announced on
Friday 8 November that it has adopted a regulation on the general
safety of motor vehicles and the protection of vehicle occupants
and vulnerable road users (the "Regulation").
The Regulation is part of the "Europe on the Move" package,
launched by the European Commission in May 2018, which aims to
ensure a smooth transition towards a mobility system which is safe,
clean and automated. Of particular relevance to Seeing Machines and
its industry-leading driver monitoring systems is the requirement
under the Regulation for the adoption of safety features that
include advanced driver distraction warning systems and driver
drowsiness and attention warning systems.
Paul McGlone, CEO of Seeing Machines commented: "Europe
continues to lead action on safer roads. As advanced safety
technology becomes more available, we are delighted to see that
Europe intends to apply these innovations to truly drive safety.
While initially implemented in Europe, given the markets served by
European carmakers and heavy vehicle manufacturers, these
developments will no doubt be implemented globally in time.
"Seeing Machines is extremely well placed to support these
ongoing regulations, especially as they will apply, from 2022, to
all cars, vans, trucks and buses. Guardian, our commercial vehicle
technology, is already installed in more than 16,000 heavy
vehicles, and Seeing Machines has ongoing engagements to deploy
driver monitoring technology across nine automotive programs
globally, placing us in the perfect position to continue to assist
our customers to meet these requirements which will enhance safety
on roads."
A copy of the European Council's press release is available at
the following link:
https://www.consilium.europa.eu/en/press/press-releases/2019/11/08/safer-cars-in-the-eu/?fbclid=IwAR2mhjBRT1oEE05Nccu2X0aVcfDhSB_MUWRsV4peJiUkJrO6T0yNi-FFjIM
Enquiries:
+61 2 6103
Seeing Machines Limited 4700
Paul McGlone - CEO
Sophie Nicoll - SVP, Corporate Communications
Cenkos Securities plc (Nominated Adviser and Broker)
Neil McDonald +44 131 220
Pete Lynch 6939
Antenna Group for Seeing Machines (Media Enquiries)
seeingmachines@antennagroup.com
About Seeing Machines - www.seeingmachines.com
Seeing Machines (LSE: SEE), a global company headquartered in
Australia, is an industry leader in computer vision technologies
which enable machines to see, understand and assist people. The
Company's machine learning vision platform has the know-how to
deliver real-time identification and understanding of drivers
through Artificial Intelligence (AI) analysis of heads, faces and
eyes. This insight enables Driver Monitoring Systems (DMS), which
monitor driver/operator identification and attention and can detect
drowsiness and distraction across multiple transport sectors.
Seeing Machines develops DMS for the Automotive, Commercial
Fleet, Aviation, Rail and Off-Road markets. The Company has offices
in Australia, USA, Europe and Asia, and delivers multi-platform
solutions to industry leaders in each vertical.
DMS is becoming a core safety technology integrated into ADAS
offerings for the automotive industry, particularly with the
development of semi-autonomous and self-driving cars. DMS is also
increasingly seen to be an integral safety feature across the
Commercial Transport & Logistics industry and is set to be
become a regulatory requirement for all cars, vans, trucks and
buses in Europe from 2022, with the rest of the world expected to
follow soon after.
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END
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