- Seeing Machines Ltd. NPV (DI)
- 27 June 2025 09:26:05
Source: Sharecast
Seeing Machines said on Friday that the collaboration marked "a significant step forward" in its efforts to enhance vehicle safety through advanced technology.
The AIM-listed group noted that the joint pursuit of business was already generating "a steady pipeline of opportunities", and that this first pilot with US-based Mitsubishi Electric company was "a direct result of that agreement".
Seeing Machines noted that the six-week pilot for its aftermarket solution serves to demonstrate "the incremental potential" that the collaboration can bring to the direct sales effort by Seeing Machines.
Chief executive Paul McGlone said: "It's a positive sign to have a Mitsubishi Electric Corporation company engaging with Guardian Generation 3 through a trial, and we're optimistic about where this could lead.
"The connected vehicle market in the US is significant and highly competitive and I believe that working with MEAA represents our best chance for success. In fact, this is just one of several trials we are currently running in the region, representing a total near-term market opportunity of over 18,000 vehicles across a range of transport and logistics companies."
As of 0925 BST, Seeing Machines shares were up 3.37% at 2.77p.
Reporting by Iain Gilbert at Sharecast.com