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Smart Eye Announces Additional Order for Existing Car Models by One of The World’s Largest Vehicle Producers
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
The additional order means 34 previously announced car models including Smart Eye’s Driver Monitoring System (DMS) software will be produced in larger volumes than initially estimated. The estimated revenue is SEK 160 million based on estimated product life cycle projections.
Gothenburg, Sweden – February 28, 2024 – Smart Eye, the leading developer of DMS software to the automotive industry, has received an additional order from an existing customer, a major automotive manufacturing corporation. The order comprises several OEM brands in a European-American automotive alliance, which constitutes one of the largest vehicle producers in the world.
The initial order of Smart Eye’s DMS technology to a total of 34 new car models was announced through a press release on December 9, 2022. The order was at the time Smart Eye’s largest to date. Now, the customer has chosen to increase the production volume of the car models, which means Smart Eye’s technology will be implemented in a larger number of vehicles than previously estimated.
The car models, including Smart Eye’s technology, will go into production in 2025. The estimated revenue of the additional order is SEK 160 million based on estimated product life cycle projections.
Smart Eye has received a total of up to 315 design wins from 21 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 7.075 billion. The estimated value over the product lifecycle from possible additional design wins with all 21 car manufacturers is SEK 2.700 billion.