Smart Eye AB receives four new design wins from a major North American car manufacturer. The order is for four new car models on an existing platform, with an estimated revenue of 100 MSEK, based on forecasts of the estimated product life cycle.
Smart Eye, the leading developer of AI-based Driver Monitoring System (DMS) software to the automotive industry, has received an new order from a major global North American OEM. The new order extends Smart Eye’s DMS solution to four new car models, in addition to the three previously communicated design wins with the customer.
The new car models including Smart Eye’s technology are estimated to go into production in 2023. The estimated revenue for the order is 100 MSEK, based on product life cycle volume projections.
”These new design wins are a testament to the fact that our DMS technology stands strong, and that our customers are confident in our capability to deliver the market leading solutions for safety critical systems”, says Martin Krantz, CEO of Smart Eye.
Smart Eye has now received a total of 88 design wins from 13 OEMs. The combined estimated lifetime value from current design wins is now larger than 2 250 MSEK. Estimated value over the product lifecycle from possible additional design wins with the car manufacturers on existing platforms is now 4 000 MSEK.