Smart Eye Announces Breakthrough Order for Its Fleet Driver Monitoring System AIS - Seite 2

"We are extremely proud to have been chosen as a system Tier 1 supplier to one of the world's largest manufacturers of medium and heavy trucks," said Martin Krantz, CEO and Founder of Smart Eye. "We didn't plan for this when we started development of the AIS product in 2019, this goes beyond our expectations. To deliver to a customer of this magnitude and on this level will set us up for even more business with AIS going forward. It will also entail more responsibilities to secure a quality-assured supply chain."

The new vehicles will go into production in the second half of 2025.

Smart Eye has now received a total of up to 322 design wins from 21 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 7.500 billion. The estimated value over the product lifecycle from possible additional design wins with all 21 vehicle manufacturers is SEK 3.950 billion.

For more information:

Martin Krantz, CEO Smart Eye AB
Phone: [phone]
Email: [e-mail]

About Smart Eye

Smart Eye is the leading provider of Human Insight AI, technology that understands, supports and predicts human behavior in complex environments. The company is on a mission to bridge the gap between humans and machines for a safe and sustainable future. Supported by Affectiva and iMotions - companies it acquired in 2021 - Smart Eye's multimodal software and hardware solutions provide unparalleled insight into human behavior.

In automotive, Smart Eye's driver monitoring systems and interior sensing solutions improve road safety and the mobility experience. The company's eye tracking technology and iMotions biosensor software platform are also used in behavioral research to enable advanced research in academic and commercial sectors. In media analytics, Affectiva's Emotion AI provides the world's largest brands and market researchers with a deeper understanding of how consumers engage with content, products, and services.

Founded in 1999, Smart Eye is a global company headquartered in Sweden, with customers including NASA, Nissan, Boeing, Honeywell, Volvo, GM, BMW, Polestar, Geely, Harvard University, 26 percent of the Fortune Global 500 companies, and over 1,300 research organizations around the world.

Visit www.smarteye.ai for more information.

Visit our investor web for more financial information: https://smarteye.se/investors/

Smart Eye is listed on the Nasdaq First North Growth Market. The Company's Certified Adviser is Carnegie Investment Bank AB (publ).

This information is information that Smart Eye is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-03-20 15:20 CET.

Attachments

Smart Eye Announces Breakthrough Order for its Fleet Driver Monitoring System AIS

SOURCE: Smart Eye

View the original press release on accesswire.com


The Smart Eye Stock at the time of publication of the news with a fall of -2,00 % to 7,84EUR on Tradegate stock exchange (20. März 2024, 09:43 Uhr).