Smart Eye Announces 700 MSEK deal with Volvo Cars, Audi, Porsche, GM and One More European OEM
Smart Eye has announced a significant order for its Driver Monitoring System (DMS) software, comprising 35 new design wins with an estimated value of SEK 700 million. The company will supply its technology to five automotive OEMs, including Volvo Cars, Audi, Porsche, General Motors, and a new European mass-market OEM. Most car models will enter production in 2025 and 2026, with peak volumes expected in 2028. This order brings Smart Eye's total design wins to 357 from 22 OEMs, with a combined estimated lifetime value exceeding SEK 8.200 billion. The company secured this order through a partnership with a global Tier 1 supplier, building on previous successful development programs.
Smart Eye ha annunciato un ordine significativo per il suo software di Driver Monitoring System (DMS), comprendente 35 nuovi successi di design con un valore stimato di 700 milioni di SEK. L'azienda fornirà la sua tecnologia a cinque OEM automobilistici, tra cui Volvo Cars, Audi, Porsche, General Motors e un nuovo OEM di massa europeo. La maggior parte dei modelli di auto entrerà in produzione nel 2025 e 2026, con volumi di picco attesi nel 2028. Questo ordine porta il totale dei successi di design di Smart Eye a 357 da 22 OEM, con un valore di vita stimato complessivo che supera 8,200 miliardi di SEK. L'azienda ha ottenuto questo ordine attraverso una partnership con un fornitore Tier 1 globale, costruendo su precedenti programmi di sviluppo di successo.
Smart Eye ha anunciado un pedido significativo para su software de Driver Monitoring System (DMS), que incluye 35 nuevos éxitos de diseño con un valor estimado de 700 millones de SEK. La empresa suministrará su tecnología a cinco OEM automotrices, incluyendo Volvo Cars, Audi, Porsche, General Motors y un nuevo OEM europeo de mercado masivo. La mayoría de los modelos de automóviles comenzarán a producirse en 2025 y 2026, con volúmenes máximos esperados en 2028. Este pedido lleva el total de éxitos de diseño de Smart Eye a 357 de 22 OEM, con un valor estimado de vida útil combinado que supera 8,200 millones de SEK. La empresa aseguró este pedido a través de una asociación con un proveedor Tier 1 global, basándose en programas de desarrollo exitosos anteriores.
스마트 아이(Smart Eye)가 자사의 운전 모니터링 시스템(DMS) 소프트웨어에 대한 중대한 주문을 발표했습니다. 이 주문은 35개의 새로운 디자인 수주로 구성되어 있으며, 예상 가치는 7억 SEK입니다. 회사는 볼보 자동차, 아우디, 포르쉐, 제너럴 모터스, 그리고 새로운 유럽 대중 시장 OEM 등 5개의 자동차 OEM에 기술을 공급할 것입니다. 대부분의 자동차 모델은 2025년과 2026년에 생산에 들어가며, 최대 생산량은 2028년에 예상됩니다. 이 주문은 스마트 아이의 총 디자인 수주를 22개의 OEM에서 357로 증가시키며, 총 예상 평생 가치는 8,200억 SEK를 초과합니다. 회사는 글로벌 Tier 1 공급업체와의 파트너십을 통해 이 주문을 확보했으며, 이전의 성공적인 개발 프로그램을 기반으로 하고 있습니다.
Smart Eye a annoncé une commande significative pour son logiciel de Driver Monitoring System (DMS), comprenant 35 nouveaux succès de conception avec une valeur estimée à 700 millions de SEK. La société fournira sa technologie à cinq OEM automobiles, y compris Volvo Cars, Audi, Porsche, General Motors et un nouvel OEM européen de masse. La plupart des modèles de voitures entreront en production en 2025 et 2026, avec des volumes de pointe attendus en 2028. Cette commande porte le total des succès de conception de Smart Eye à 357 provenant de 22 OEM, avec une valeur de vie estimée totale dépassant 8,200 milliards de SEK. La société a sécurisé cette commande grâce à un partenariat avec un fournisseur Tier 1 mondial, s'appuyant sur des programmes de développement précédemment couronnés de succès.
Smart Eye hat eine bedeutende Bestellung für seine Driver Monitoring System (DMS) Software bekannt gegeben, die 35 neue Designgewinne umfasst, mit einem geschätzten Wert von 700 Millionen SEK. Das Unternehmen wird seine Technologie an fünf Automobil-OEMs liefern, darunter Volvo Cars, Audi, Porsche, General Motors und einen neuen europäischen Massenmarkt-OEM. Die meisten Automodelle werden voraussichtlich in 2025 und 2026 in Produktion gehen, mit Spitzenvolumina, die für 2028 erwartet werden. Mit dieser Bestellung erhöht sich die Gesamtzahl der Designgewinne von Smart Eye auf 357 von 22 OEMs, mit einem geschätzten Gesamtlebenszeitwert von über 8,200 Milliarden SEK. Das Unternehmen sicherte sich diese Bestellung durch eine Partnerschaft mit einem globalen Tier-1-Zulieferer und baut dabei auf früheren erfolgreichen Entwicklungsprogrammen auf.
- Secured 35 new design wins with 5 major automotive OEMs
- Estimated order value of SEK 700 million
- Expanded customer base with a new European mass-market OEM
- Total design wins increased to 357 from 22 OEMs
- Combined estimated lifetime value from current design wins exceeds SEK 8.200 billion
- Positive impact on license revenue expected as early as 2024
- None.
GÖTEBORG, SE / ACCESSWIRE / August 14, 2024 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) The new battery of 35 design wins is with a total of five different car manufacturers, including a European customer which will be sourcing Smart Eye's technology for the first time. The estimated revenue is SEK 700 million based on estimated product life cycle projections.
Smart Eye today announced a major new order for its Driver Monitoring System (DMS) software, amounting to a total of 35 new design wins.
As a result, Smart Eye will deliver its technology to five different automotive OEMs, including Volvo Cars, Audi, Porsche, and General Motors (GM). The fifth manufacturer is a European mass-market OEM and a new customer of Smart Eye.
The order has an estimated value of SEK 700 million. The majority of the new car models will go into production in 2025 and 2026, but the order is expected to have a positive effect on Smart Eye's license revenue already in 2024. After reaching peak volumes in 2028, the production programs are estimated to continue production, with the tail end in the mid-2030s. Smart Eye secured the new order by partnering with a world-renowned global Tier 1 supplier.
"This new order is a natural extension, building on the success of development programs Smart Eye first won with the same global Tier 1 supplier back in 2020," said Martin Krantz, CEO and Founder of Smart Eye. "After some initial delays caused by the pandemic and global supply chain issues, we are now in a phase of production ramp-up, aligning with regulatory mandates and Euro NCAP requirements. It's common for OEMs to extend contracts with proven suppliers once initial targets are met. It's the way the industry works. We are currently in the final phase of delivery on several ongoing programs and expect to secure more of these extension contracts in the near future."
Smart Eye has now received a total of 357 design wins from 22 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 8.200 billion. The estimated value over the product lifecycle from possible additional design wins with all 22 vehicle manufacturers is SEK 3.250 billion.
For more information:
Martin Krantz, CEO Smart Eye AB
Phone: +46 70-329 26 98
Email: martin.krantz@smarteye.se
About Smart Eye
Smart Eye is the leading provider of Human Insight AI, technology that understands, supports and predicts human behavior in complex environments. The company is on a mission to bridge the gap between humans and machines for a safe and sustainable future. Supported by Affectiva and iMotions - companies it acquired in 2021 - Smart Eye's multimodal software and hardware solutions provide unparalleled insight into human behavior.
In automotive, Smart Eye's driver monitoring systems and interior sensing solutions improve road safety and the mobility experience. The company's eye tracking technology and iMotions biosensor software platform are also used in behavioral research to enable advanced research in academic and commercial sectors. In media analytics, Affectiva's Emotion AI provides the world's largest brands and market researchers with a deeper understanding of how consumers engage with content, products, and services.
Founded in 1999, Smart Eye is a global company headquartered in Sweden, with customers including NASA, Nissan, Boeing, Honeywell, Volvo, GM, BMW, Polestar, Geely, Harvard University, 26 percent of the Fortune Global 500 companies, and over 1,300 research organizations around the world.
Visit www.smarteye.ai for more information.
Visit our investor web for more financial information: https://smarteye.se/investors/
Smart Eye is listed on the Nasdaq First North Growth Market. The Company's Certified Adviser is Carnegie Investment Bank AB (publ).
This information is information that Smart Eye is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-08-14 13:00 CEST.
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Smart Eye Announces 700 MSEK deal with Volvo Cars, Audi, Porsche, GM and One More European OEM
SOURCE: Smart Eye
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FAQ
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