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Seeing Machines agrees IP deal with US-based semiconductor company

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) said it signed its second intellectual property licensing agreement in the automotive semiconductor sector for its Occula neural processing unit. No financial details were given, and neither was the name of the new client, which is simply described as a US-based semiconductor company. Occula is at the core of the company’s driver monitoring technology that has now been distilled down to a single, very efficient chip. “This additional IP licence is an important milestone for Seeing Machines,” said the company’s chief executive, Paul McGlone. “It represents more validation that our three-pillar, systems-focused, strategy is fitting and supportive of the automotive industry as it evolves rapidly to meet regulatory and customer demand with additional safety and functional outcomes, while minimising cost, package space, and power.”