Local technology company Seeing Machines has capped off a successful 12 months, signing a deal in December with leading European coach company Royal Beuk. The deal will install Seeing Machines' driver fatigue monitoring system in 20 Royal Buek vehicles.
Seeing Machines' driver fatigue monitoring system automatically tracks a driver's eyes and face to identify signs of fatigue and to alert the driver if they become distracted or have a microsleep.
The agreement to install this system in the vehicles marks the end of a successful 2013 for the company who just a month before raised close to $25 million (£15 million) from investors on the London Stock Exchange.
In speaking with the Canberra Times, Seeing Machines Chief Executive Ken Kroeger said the company's first deal with a coach fleet operator was part of global moves to commercialise their technology across a range of transport fields.
"The big advantage of the larger intake of capital is that it allows us to move into those other segments that would have taken us longer - commercial transport, aviation and private passenger cars".
"In the next six months we'll be announcing a number of large commercial road transport pilot programs with carriers in Australia, Europe and North America" Mr Kroeger said. Read more in the Canberra Times article, Seeing Machines: Company changes into top gear as its driver fatigue monitor takes off
.In the same year, Seeing Machines also signed a deal with global mining company Caterpillar, again for their driver fatigue system. In a separate article with the Canberra Times, Mr Kroeger said Caterpillar looked at 32 products around the world before signing the agreement with Seeing Machines.
''It's a $60 billion company, they do most things themselves. The fact they chose us sort of proves we are an accepted science within the industry,'' he said. Read more in the Canberra Times article Mining Giant sees the light, via Canberra
.Seeing Machines began from a research hub at the Australian National University over a decade ago and while it is now listed on the London Stock Exchange, the company still remains headquartered in Canberra.
Seeing Machines now exports to 13 countries and has been recognised in the ACT Chief Minister's Export Award, winning the ICT category in 2013 and the Small to Medium Services category in 2012. They have also been involved in the Entrepreneur Development Fund (EDF)
, a program funded by the ACT Government, Lighthouse Business Innovation Centre and Epicorp Limited which supports high growth potential ACT based businesses to develop or refine key skills and capabilities, grow the company, and achieve their business goals.
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