Seeing Machines (GB:SEE) has released an update.
Seeing Machines Limited has announced a significant five-year License Renewal with mining titan Caterpillar, including an immediate US$16.5 million payment and opportunities for expanded market reach with its Guardian Generation 3 solution. The deal further solidifies the partnership through co-developed safety technologies and predicts a positive financial outlook for the company, with expectations to hit cash flow break-even in FY2025. With over 16 billion kilometres monitored, Seeing Machines continues to advance transport safety with its cutting-edge AI technology.
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