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Abney Associates Article Reference Number 85258081704 A&A

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Abney Associates Article Reference Number 85258081704 A&A

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16 Views • Jun 02, 2013

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http://www.proactiveinvestors.co.uk/companies/market_reports/57536/proactive-investors-mid-sml-cap-weekly-roundup-technology-stocks-lead-the-way-57536.html

Seeing Machines (LON: SEE) this week showed the kind of rewards available when research and development breaks through to commercial success. This week the firm’s AIM quoted shares gained over 50% after it struck a deal with US machinery giant Caterpillar, which will distribute Seeing Machine’s fatigue monitoring system in mining trucks. The tie-up could also joint product development and collaboration in the future. With approximately 38,000 Caterpillar mining vehicles in operations around the world, and the monitoring systems priced at $10,000, the partnership potentially opens a very significant market for the £16mln valued technology group.