Smart Eye has been nominated to deliver its world-leading Driver Monitoring System (DMS) software to three additional car models. The estimated revenue of the order is SEK 30 million based on estimated product life cycle projections.
Gothenburg, Sweden – January 30, 2023 – Smart Eye, the leading developer of DMS software for the automotive industry, will deliver its technology to three new car models by a major Japanese car manufacturer. The customer has previously chosen Smart Eye’s software for implementation in several of its earlier car models.
The new car models including Smart Eye’s technology are expected to go into production in Europe in 2026. The estimated revenue for the order is SEK 30 million, based on product life cycle volume projections.
“These additional car models are as welcome as they are expected,” said Martin Krantz, CEO and Founder of Smart Eye. “This Japanese OEM is ramping up production of its first car models with DMS and that’s usually when we get additional design wins on existing car platforms. More of this kind of add-on volume should be anticipated.”
Smart Eye has now received a total of up to 197 design wins from 18 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 3.865 billion. The estimated value over the product lifecycle from possible additional design wins with the car manufacturers on existing platforms is SEK 4.045 billion.
Smart Eye will due to this information prepare and publish a supplement to the prospectus that was published earlier today regarding the Company’s rights issue. The supplement will be published as soon as it has been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) (the “SFSA”).