Stock Market News
Seeing Machines welcomes Brussels road safety proposal
Computer vision technology firm Seeing Machines announced on Friday welcomed recommendations on road safety issued by the European Commission.
The commission has proposed measures, known as 'Europe on the Move', that would lead to an integration of road safety policy with specific requirements for vehicles to be equipped with advanced safety features.
All new cars, lorries, buses and vans sold in Europe will be required to be fitted with drowsiness and distraction monitoring technology under the proposals, the EC said on Thursday.
AIM-traded Seeing Machines, a specialist in driver monitoring technology, sees the proposal as a "significant advancement" beyond prior regulations and thus said it would have an "extremely positive impact" on the company's business outlook.
The company's technology monitors drivers and operators through tracking of heads, faces and eyes for driver monitoring systems across multiple transport sectors to enhance safety.
Chairman and chief executive Ken Kroeger said: "We are delighted with this news and have been waiting for some time for governments to formally recognise the importance of driver monitoring technology as a safety feature in advanced driver assistance systems. We believe Seeing Machines is best placed to supply automotive grade DMS and we look forward to shaping the future of safety with automotive and heavy vehicle manufacturers and suppliers for road users around the world."
As if 1351 BST, Seeing Machines' shares were up 2.22% at 9.20p.
The commission has proposed measures, known as 'Europe on the Move', that would lead to an integration of road safety policy with specific requirements for vehicles to be equipped with advanced safety features.
All new cars, lorries, buses and vans sold in Europe will be required to be fitted with drowsiness and distraction monitoring technology under the proposals, the EC said on Thursday.
AIM-traded Seeing Machines, a specialist in driver monitoring technology, sees the proposal as a "significant advancement" beyond prior regulations and thus said it would have an "extremely positive impact" on the company's business outlook.
The company's technology monitors drivers and operators through tracking of heads, faces and eyes for driver monitoring systems across multiple transport sectors to enhance safety.
Chairman and chief executive Ken Kroeger said: "We are delighted with this news and have been waiting for some time for governments to formally recognise the importance of driver monitoring technology as a safety feature in advanced driver assistance systems. We believe Seeing Machines is best placed to supply automotive grade DMS and we look forward to shaping the future of safety with automotive and heavy vehicle manufacturers and suppliers for road users around the world."
As if 1351 BST, Seeing Machines' shares were up 2.22% at 9.20p.
Related share prices |
---|
Seeing Machines Ltd. (SEE) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price