Smart Eye receives additional orders from Japanese OEM
Smart Eye will deliver DMS technology to eight additional car models to one of Japan’s largest OEMs.
This is an extension of the two design wins with one of Japan's and Europe's largest OEMs communicated in May this year.
The order is now a total of 10 car models with SOP of the first car in 2020. Estimated revenue of the additional eight car models is SEK200 million ($20 million) based on estimated product life cycle projections.
Smart Eye will deliver a second generation DMS, Driver Monitoring System, to eight new car models for a Japanese OEM. It involves software for an in-car AI function facilitating better driver safety and driver experience. The system includes gaze tracking and Face ID, preventing driver distraction and inattention. The order is related to the one with one of Japan's and Europe's largest OEMs communicated in May this year.
“These eight additional design-wins not only prove that our offering continues to stand strong in relation to the growing demand of DMS technology on the world market. It also shows that our momentum on the Japanese market helps to solidify our global market leading position. I am very proud of the team responsible for achieving this outcome,” said Martin Krantz, CEO of Smart Eye.
Altogether, Smart Eye has received 53 automotive industry design wins from eight OEMs, making the company the market leader in driver monitoring technologies. The total potential value of Smart Eye's design wins exceeds SEK1.35 billion ($135 million). Furthermore, as of today Smart Eye is present in six car models in series production.
Smart Eye receives additional orders from Japanese OEM
Modified on Monday 30th September 2019
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Smart Eye receives additional orders from Japanese OEM