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Smart Eye Announces New Driver Monitoring System Design Win with Major Japanese Car Manufacturer
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
Smart Eye has been selected to deliver its Driver Monitoring System (DMS) software to an additional car model. The estimated revenue of the order is SEK 25 million based on estimated product life cycle projections.
Gothenburg, Sweden – August 29, 2024 – Smart Eye, the leading developer of DMS software for the automotive industry, will deliver its technology to a new car model by an existing customer.
The customer is a leading Japanese car manufacturer with a global manufacturing footprint. This OEM, which has previously sourced Smart Eye’s software for implementation in several of its earlier car models, has now chosen to extend the technology to an additional vehicle. For this new model, the manufacturer will also expand the range of features provided by Smart Eye’s DMS technology.
The new car model including Smart Eye’s technology will go into production in 2026. The estimated revenue for the order is SEK 25 million, based on product life cycle volume projections.
Smart Eye has now received a total of 358 design wins from 22 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 8.225 billion. The estimated value over the product lifecycle from possible additional design wins with all 22 vehicle manufacturers is SEK 3.225 billion.