MIDAS SHARE TIPS UPDATE: Boost Your Profits with Seeing Machines
As road accidents continue to claim more than 1.3 million lives and cause up to 50 million injuries every year, it’s evident that fatigue and distraction pose the greatest risks. Fatigue has become a global epidemic, while the use of mobile phones further exacerbates the dangers on the road. Seeing Machines, however, offers a solution.
Seeing Machines has developed sophisticated monitoring systems that can detect when a driver’s eyelids begin to droop or their attention diverts. By utilizing a combination of artificial intelligence and data collected over two decades, their software can monitor drivers’ eye movements and identify signs of fatigue or lack of focus. This technology has been instrumental in commercial vehicles, such as lorries, buses, and mining trucks, where driver fatigue can lead to catastrophic accidents.
But the benefits of Seeing Machines’ solutions extend beyond just alerting individual drivers. They also provide a 24/7 service that notifies fleet managers of any serious issues, allowing them to intervene and ensure drivers change their behavior or take a break. This comprehensive approach has led to widespread adoption of Seeing Machines’ technology across the globe, especially as safety regulations become more stringent.
For example, in Europe, new safety standards will require “driver monitoring systems” in cars by 2026 in order to receive a five-star safety rating. This has resulted in increased demand for Seeing Machines’ systems, with major automakers like Ford, General Motors, and Daimler incorporating their technology. In fact, the number of cars carrying Seeing Machines’ technology has grown by 143% in the past year alone.
The aviation industry has also recognized the potential of Seeing Machines’ technology. Airlines are starting to deploy their systems to ensure pilots maintain focus throughout flights and assist in the training of new recruits. This diversification into aviation further contributes to the company’s growth prospects.
Financially, Seeing Machines is on a positive trajectory. Sales are expected to increase by 49% to $58 million (£46 million) in the year ending June 30, with a further rise to $85 million anticipated over the next two years. Although the company has experienced losses due to reinvesting cash into the business, it is projected to turn a profit in 2025 and continue its upward trajectory.
Since Midas initially recommended Seeing Machines in 2015, the company’s shares have risen by 26%, but there is still room for growth. With nearly three-quarters of road accidents attributed to drowsiness and distraction, the demand for safer driving solutions remains high. Seeing Machines has the approval of regulators and automakers, and CEO Paul McGlone has outlined a clear plan for future expansion.
Existing investors should hold onto their shares, while new investors can consider acquiring some at the current price. Seeing Machines is traded on AIM under the ticker “SEE.” For more information, visit seeingmachines.com or call 00 612 6103 4700.
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