Smart Eye Receives Two Additional Design Wins From Korean OEM
Smart Eye has been selected to deliver its driver monitoring software to an existing customer for two car models on an additional platform. The combined life-time order value of the two contracts is estimated to 100 MSEK. The potential value from additional design wins on the new platform exceeds 500 MSEK.
Smart Eye, a world-leading producer of AI-powered eye tracking technology for semi-autonomous cars, announces two additional contracts with a global Korean OEM. The new nomination extends Smart Eye’s driver monitoring systems to two car models, on top of the 14 previously communicated design wins with the customer. The agreement also expands the functionality of the driver monitoring systems with additional advanced safety features.
Production of the premium car models containing Smart Eye’s technology will begin in late 2021. The estimated revenue for the two models is 100 MSEK, based on product life cycle volume projections.
“I am very happy to be able to take our collaboration with our existing Korean customer to the next level. Not only are the new design wins an important step towards making driver monitoring the standard in upcoming car models, they also allow us to introduce ground-breaking new functionality. These new orders demonstrate confidence in Smart Eye’s ability to deliver automotive grade software for DMS,” says Martin Krantz, CEO and founder of Smart Eye.