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Smart Eye Announces 12 Driver Monitoring System Design Wins with New Japanese Customer
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
Smart Eye has been selected to deliver its world-leading Driver Monitoring System (DMS) software to twelve additional car models with a major Japanese car manufacturer. The estimated revenue of the order is SEK 500 million based on estimated product life cycle projections.
Gothenburg, Sweden – September 6, 2023 – Smart Eye, the leading developer of DMS software for the automotive industry, will deliver its technology to twelve new car models by a new Japanese OEM customer.
The customer is a large Japanese car manufacturer with a global manufacturing footprint, and the new design wins are the result of a long and thorough evaluation process.
The new car models, including Smart Eye’s technology, will go into production in mid-2025. The estimated revenue for the order is SEK 500 million, based on product life cycle volume projections.
”Thanks to this latest deal we are firmly leading the Japanese OEM market”, said Martin Krantz, CEO and Founder of Smart Eye. “The road to get here has been long and full of hard work. I would like to thank the team and our partners who made this happen through their efforts. I expect this deal to grow over time as cabin monitoring features are added to the current DMS”.
Smart Eye has now received a total of up to 229 design wins from 20 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 4.865 billion. The estimated value over the product lifecycle from possible additional design wins with the car manufacturers on existing platforms is SEK 4.095 billion.