Latest news with #SmartEye
Yahoo
13-05-2025
- Business
- Yahoo
Bulletin from Annual General Meeting in Smart Eye Aktiebolag (publ)
GÖTEBORG, SE / / May 13, 2025 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) - The following resolutions were passed at the Annual General Meeting (the "AGM") of Smart Eye Aktiebolag (publ) ("Smart Eye" or the "Company") held today on 13 May 2025 in Gothenburg, Sweden. Adoption of Income Statement and Balance Sheet for the Financial Year 2024 and Discharge from LiabilityThe AGM adopted the income statements and balance sheets for the Company and the Group for 2024. The members of the Board of Directors and the CEO were discharged from liability for the financial year 2024. Allocation of ProfitsThe AGM resolved, in accordance with the Board of Directors' proposal, that no dividend shall be paid for 2024 and that the Company's available earnings shall be carried forward. Election of Board Members, Auditors, Fees to the Board of Directors and AuditorsThe AGM resolved, in accordance with the Nomination Committee's proposal, that the number of members of the Board of Directors shall be seven without deputies and that the number of auditors shall be one registered accounting firm. In accordance with the Nomination Committee's proposal, the AGM re-elected the Board members Anders Jöfelt, Lars Olofsson, Mats Krantz, Cecilia Wachtmeister and Magnus Jonsson and elected Maria Hedengren and Andreas Anyuru as new members of the Board of Directors. All elections for the period until the end of the next Annual General Meeting. Anders Jöfelt was re-elected as the Chairman of the Board of Directors. The registered audit firm Öhrlings PricewaterhouseCoopers AB was elected as auditor of the Company, and it was noted that Johan Malmqvist will be auditor-in-charge, for the period until the end of the next Annual General Meeting. The AGM further resolved, in accordance with the Nomination Committee's proposal and for the period until the end of the next Annual General Meeting, that remuneration to the Board of Directors shall be paid with SEK 700,000 to the Chairman of the Board of Directors, SEK 450,000 to the Deputy Chairman of the Board of Directors and SEK 310,000 to each of the other members of the Board of Directors. Remuneration is not paid to Board members employed by the group. Further, remuneration shall be paid with SEK 155,000 to the Chairman of the Audit Committee, SEK 65,000 to each of the other members of the Audit Committee, SEK 63,000 to the Chairman of the Remuneration Committee and SEK 42,000 to the other member of the Remuneration Committee. The AGM further resolved that the remuneration to the auditor shall be paid in accordance with approved statement of costs. Determination of principles for the appointment of the members of the Nomination CommitteeThe AGM resolved, in accordance with the Nomination Committee's proposal, that the principles for the appointment of the members of the Nomination Committee shall remain unchanged. Adoption of a long-term incentive programmeThe AGM resolved, in accordance with the Board of Directors' proposal, to adopt a long-term incentive programme in the form of performance-based share options (Share Option Programme 2025) directed to employees within the Smart Eye group. The rationale behind the incentive programme is, among other things, to contribute to higher motivation and commitment among the employees, as well as strengthening the ties between the employees and the Company. The Share Option Programme 2025 is proposed to comprise of the CEO, senior executives, key individuals and other employees, meaning that not more than approximately 200 employees within the Smart Eye group will be able to participate. Under the Share Option Programme 2025, participants are given the opportunity to receive shares free of charge, so called performance shares, provided that certain conditions are met and that one of the three performance goals specified in the program is achieved in whole or in part. Vesting of rights occurs during the period from July 15, 2025, to July 15, 2028. The maximum number of performance shares will amount to 652,000, whereby 547,000 shares shall be allotted to participants and 105,000 shares shall be used by the Company to cover social security contributions associated with the programme. In order to enable the incentive programme, the AGM also resolved on an issue of not more than 652,000 warrants directed to the Company, as a result of which the Company's share capital may increase by a maximum of SEK 65,200. Resolution to carry out a directed issue of warrants to Smart Eye and approval of subsequent transfer of warrantsThe AGM resolved, in accordance with the Board of Directors' proposal, on a directed issue of warrants to the Company totalling 1,770,800 warrants. As a result of the issue, the Company's share capital may increase by a maximum of SEK 177,080. The rationale for the deviation from the shareholders' pre-emption rights is to align the legal and administrative procedure for execution of the Share Option Programmes adopted in 2022, 2023 and 2024 respectively, with the procedure established for the proposed Share Option Programme 2025. The resolution will result in previous issues of warrants resolved to facilitate the Share Option Programs 2022, 2023, and 2024 losing their purpose and shall not be exercised. Thus, the previous aggregated dilution pursuant to the already issued warrants will remain unchanged. Authorisation for the Board of Directors to resolve on new share issuesThe AGM resolved, in accordance with the Board of Directors' proposal, to authorise the Board of Directors, on one or several occasions and with or without deviation from the shareholders' preferential rights, to resolve on new share issues. The authorisation may be utilised for new issues of shares, which may be made with provisions regarding contribution in cash, in kind or through set-off corresponding to not more than 10 per cent of the registered share capital in the Company at the time of the issue resolution. The subscription price shall be determined on market terms and conditions. However, in order to enable delivery of shares in connection with a cash issue as described above, this may, if the Board of Directors deems it appropriate, be made at a subscription price corresponding to the quota value of the shares, whereby the issue is directed to an issuing agent that acts as a settlement bank for investors. Deviation from the shareholders' preferential rights shall be possible in connection with future investments in the form of acquisitions of operations, companies, shares in companies or otherwise for the Company's continued expansion. If the Board of Directors resolves on an issue with deviation from the shareholders' preferential rights, the rationale shall be that the Board of Directors shall be able to issue shares in the Company to be used as a means of in-kind payment or the right to offset debt or to in a flexible and cost-efficient manner raise capital to use as means of payment or to continuously adjust the Company's capital structure. For more information: Martin Krantz, CEO Smart Eye ABPhone: +46 70-329 26 98Email: 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 for more information. Visit our investor web for more financial information: Smart Eye is listed on the Nasdaq First North Growth Market. The Company's Certified Adviser is Bergs Securities AB. Attachments Bulletin from Annual General Meeting in Smart Eye Aktiebolag (publ) SOURCE: Smart Eye View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Automotive
- Yahoo
Smart Eye Interim Report Q1 January-March 2025
GÖTEBORG, SE / / May 13, 2025 / Smart Eye (STO:SEYE)(OTC PINK:SMTEF)(FRA:SE9) - Cost savings and license revenues improve profitability January - March 2025 Net sales amounted to SEK 90.1 (86.1) million, an increase of 5% compared to the corresponding period the previous year. Adjusted organic growth amounts to 7%, driven by Automotive which amounts to +27%. Gross profit amounted to SEK 79.9 (77.3) million and gross margin decreased to 89% (90%) due to a change in sales of the product mix. EBITDA improved to SEK -17.9 (-23.0) million. Adjusted EBITDA, excluding one-off items, amounted to -14.4 (-13.3) MSEK, a deterioration attributed to investment in sales and marketing activities. Operating loss amounted to SEK -61.4 (-61.5) million, whereas the depreciation of the surplus value amounted to SEK- 28.9 (-28.4) million. Earnings after tax per share are -1.47 (-1.53), and after full dilution -1.47 (-1.53). Cash and cash equivalents totaled SEK 9.6 million at the end of March. The cash ending balance, including credit facilities, amounted to SEK 130.9 million. Smart Eye has acquired a license for an Iris recognition technology from Fingerprint Cards AB (publ). Smart Eye has won two more design wins with Interior Sensor with a Korean OEM, with an estimated order value of SEK 100 million. Smart Eye has, after the period ended, announced six new design wins, of which three new with Interior Sensing, with a total estimated order value of SEK 325 million. Comments from the CEO The first quarter went exactly as planned for Automotive Solutions, while Behavioral Research suffered from uncertainties regarding research funding in the US. Fortunately, at the same time, our cost savings started to bite. When fully implemented, they will lead to 40 MSEK in yearly savings. All in all, we managed to offset the small setback in the research sector so that we follow our plan and stand in a perfect position for improved EBITDA and cash flow for the rest of the year. Our outlook is that we're on the cusp of positive EBITDA in Q2 and solidly positive in Q3 of this year, riding the wave of increased automotive license revenue. AutomotiveWhile the beginning of the year for Smart Eye included securing some scattered design wins in Europe and Korea, for DMS as well as CMS, the Big Kahuna was announced just three days after the quarter ended. Two design wins as software Tier-1 with a world leading Japanese OEM, with a high possibility to be expanded far beyond the original scope. It just happened to arrive on the same day as the US tariffs were announced, which somewhat obscured the news value of the largest deal in the history of Interior Sensing. We have been working to secure this deal for several years, and it puts us firmly in the driver seat in the very important and export oriented Japanese auto industry. Smart Eye stands on solid ground, with more car models under contract (design wins) than any other company, and that with the world's biggest car OEMs. The rollout of all our contracts is going to continue for over a decade, with increased license revenues following suite. We have a total of 365 design wins of which 75 entered production last year. Ten more were added in Q1 with two more OEMs, meaning that 12 out of 23 OEMs have started their production. Our automotive growth was 27%, consisting almost entirely of license revenue growing at over 100%, while services revenue was flat. For the rest of the year, we see services starting to increase again, in big part due to the large Japanese deal. We are involved in several big global procurements. Since we have a very strong technology offering as well as a reputation for always delivering high quality on time, we anticipate further successes during the year to come. Behavioral ResearchWe did not plan for or expect an extremely strong opening of the year for Research, but we were at least expecting modest growth. However, the turmoil in the wake of the new US administration raised a lot of questions about both university and government funded research. The uncertainties caused delays that in the end resulted in a pullback of -5%, primarily due to North America. Other regions are doing well. We believe that investments in research equipment will go back to previous levels quite soon so that we can return to our previous growth trajectory. In the first quarter the business unit is both profitable and cash flow positive despite the minor pullback. Final WordsThe quarter saw some headwinds due to market uncertainties, but in the end, we delivered solidly on what matters the most: extreme cost control in order to ensure maneuvering space, so that license revenues grow until they catch up with ourOpex. One of our credit facilities expired during the quarter, but we did not see the need to renew it. With 131 MSEK in cash and credit facilities, we have sufficient headroom in light of the strong outlook for revenue improvements during Q2 and Q3. We do not anticipate that any further cost saving programs will be needed. Martin KrantzCEO Smart Eye Find the full report and all previous financial reports at . In connection with the publication of the quarterly report, a live presentation followed by a Q&A session will be held. A link to the webcast is available here: For more information: Martin Krantz, CEO Smart Eye ABPhone: +46 70-329 26 98Email: 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 for more information. Visit our investor web for more financial information: Smart Eye is listed on the Nasdaq First North Growth Market. The Company's Certified Adviser is Bergs Securities AB. 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 2025-05-13 07:00 CEST. Attachments Interim Report Q1 2025 SOURCE: Smart Eye View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-04-2025
- Automotive
- Yahoo
OMNIVISION Launches 1.5-Megapixel Global Shutter Sensor for Automotive Driver Monitoring Systems
The new OX01N1B is designed to be a cost-effective solution for DMS cameras and features industry-leading QE, MTF and low power SANTA CLARA, Calif., April 22, 2025--(BUSINESS WIRE)--OMNIVISION, a leading global developer of semiconductor technology, including advanced digital imaging, analog and display solutions, today announced the new OX01N1B image sensor for in-cabin automotive driver monitoring systems (DMS). The device is the newest addition to OMNIVISION's industry-leading Nyxel® near-infrared (NIR) technology family of automotive sensors and is a 1.5-megapixel (MP) RGB-IR or Monochrome BSI global shutter (GS) sensor with a pixel size of 2.2 microns (µm) and an optical format of 1/4.51-inch. OMNIVISION will showcase the OX01N1B sensor with eco-system partners at Auto Shanghai, taking place April 23-May 2, 2025. Key features of the OX01N1B include industry-leading NIR quantum efficiency (QE) at 36% for excellent low-light performance, a high modulation transfer function (MTF) for better image quality and resolution, low power consumption, and an optical format that enables extremely compact camera module design. The OX01N1B uses OmniPixel®4-GS technology for simultaneous image detection in all pixels to accurately reproduce rapid motion without any distortions. "Driver monitoring systems will be mandatory for all new cars in Europe starting in 2026; the entire global automotive industry is experiencing greater adoption rates of DMS as well, in an effort to improve road safety. As a result, OMNIVISION is introducing the new OX01N1B, which is the 'sweet spot' among performance, size and cost for mainstream DMS applications," said Dr. Paul Wu, head of automotive product marketing, OMNIVISION. "The OX01N1B chip size is even smaller than the previous OX01H1B and it can reuse the same optical path since the pixel size and optical array size is identical. We've also added image signal processing to the OX01N1B device." Dr. Wu adds, "There are many design considerations for DMS. With our expanded portfolio, we offer automotive OEMs a variety of cost and performance options and greater flexibility to place the DMS camera into different locations in their next-generation vehicle designs." "OMNIVISION's new OX01N1B sensor delivers exceptional performance in a remarkably compact format, which makes it a perfect fit for our latest innovation, the All-In-One camera AI ONE," said Martin Krantz, CEO and Founder of Smart Eye. "With this sensor at its core, we've been able to build the integrated driver monitoring system we've always envisioned, bringing together camera, sensor, processing, and software in a single, self-contained unit." The OX01N1B has integrated ASIL-B and cybersecurity that meet the latest industry standards. It comes in an OMNIVISION a-CSP™ package, allowing for higher-performance image sensors in tighter camera spaces. It is available in a reconstructed wafer option for designers who want to assemble a bare die imager into their camera module. The OX01N1B is available for sampling now and will be in mass production in Q3 2026. For more information or to schedule a meeting at Auto Shanghai, contact your OMNIVISION sales representative: About OMNIVISION OMNIVISION is a global, fabless semiconductor organization that develops advanced digital imaging, analog and display solutions for multiple applications and industries, including: mobile phones, security and surveillance, automotive, computing, medical, machine vision and emerging applications. Its award-winning, innovative technologies enable a smoother human/machine interface in many of today's commercial devices. Find out more at OMNIVISION®, Nyxel®, OmniPixel®, a-CSP™ and the OMNIVISION logo are trademarks or registered trademarks of OMNIVISION. All other trademarks are the property of their respective owners. View source version on Contacts Media Contact: Sandy FewkesKiterocket+1 408.529.9685sfewkes@ Company Contact: DeAnn LiuOMNIVISION+1 Sign in to access your portfolio
Forbes
27-03-2025
- Forbes
Your AI Mindset Translator: The Future Of Understanding Is Here?
In an era of hyper-connectivity and stark ideological divides, bridging the chasm of differing viewpoints is more precious than ever. When dystopian politics make the grasp of reality a shifting target, while news cycles amplify discord, and social media reinforce already harrowing echo chambers, our daily interactions can leave us bewildered by the seemingly foreign logic of others. We grapple with the frustration of miscommunication, where even shared language fails to bridge the gap in understanding. It's as if we're speaking different dialects of the same tongue, each rooted in distinct, impenetrable mindsets. Could an AI mindset translator help? While Google Translate has long facilitated linguistic cross-pollination, a more subtle translation is needed now – one that transcends words and dives into the fabric of thoughts, feelings and aspirations. Could artificial intelligence, our ubiquitous chatbot companions, evolve into sophisticated perspective interpreters, unraveling the complexities of diverse mindsets? At the heart of human connection lies empathy, the ability to walk in another's shoes. Can a machine, devoid of lived experience, truly emulate this nuanced capacity? Surprisingly, research suggests AI's immense potential in this arena. Consistently AI-powered bots are perceived as more empathetic, understanding, and friendly than their human counterparts, particularly in customer service and therapeutic contexts. Especially in mental health support, chatbots were seen as more understanding and less judgmental than human therapists. To be clear, this isn't about genuine feeling but the AI's ability to analyze and respond with patterns that mimic empathetic communication, such as acknowledging emotions and validating experiences – yet the end result, the customer experience, seems to validate that appearances sometimes prime reality. Communication extends beyond mere words. Non-verbal cues convey meaning, like tone of voice, facial expressions, and body language. A study by Mehrabian (1971) famously suggested that 7% of communication is verbal, 38% is vocal, and 55% is facial. While the precise percentages are debated, the principle remains: non-verbal cues are vital. While current AI models lack the full spectrum of human sensory perception, they rapidly advance in emotion and intent detection. Multimodal models, integrating video, audio, and text, are becoming adept at discerning subtle nuances in tonality and facial expressions, offering a more holistic understanding of human interaction. They can detect micro-expressions and slight changes in vocal intonation, indicating underlying emotions like stress or deception. Beyond the ever-advancing multimodal capacities of the big frontier models, such as ChatGTP and Gemini, companies like Smart Eye specialize in emotion AI. This progress opens a fascinating possibility: AI as a tool to navigate the intricate landscape of human thought and feelings. Imagine leveraging this technology to bridge cultural divides, comprehend opposing political viewpoints, or gain insight into different socio-economic backgrounds. Could AI become a mediator of not just words but worldviews? To effectively curate AI as a mindset interpreter, we can embrace four principles: 1. Awareness: Recognizing the inherent biases within ourselves and the AI systems we employ is the point of departure. AI models are trained on data, and that data reflects the biases present in society. For example, language models like GPT-3 have been shown to exhibit gender and racial biases, reflecting the skewed representation in their training data. We must be conscious of these limitations and actively seek to mitigate them while being candid about our ingrained personal biases. 2. Appreciation: Cultivating an appreciation for the diversity of human thought needs to happen offline, tech-less. AI can help us identify patterns and perspectives that remain hidden. By analyzing large datasets of text and speech, AI can reveal the underlying values and beliefs that shape different mindsets. For instance, AI-driven sentiment analysis can identify the emotional tone of political discourse, exposing different groups' underlying anxieties and aspirations. Furthermore, AI can create interactive visualizations that illustrate the distribution of opinions on complex issues, enabling a more nuanced understanding of public sentiment. Still, this information will only make a difference if our minds are open to acknowledging what AI is surfacing. "None so blind as those who will not see" (John 9:39-41). 3. Acceptance: Acceptance does not equate to agreement. It signifies a willingness to engage with perspectives that differ from our own without dismissing them outright. AI can facilitate this by providing neutral, objective summaries of complex arguments, allowing us to see the logic behind opposing viewpoints. This is especially useful in political discourse, where AI tools can identify common ground and facilitate constructive dialogue. For instance, AI-powered systems could be used to analyze political speeches and identify areas of potential agreement between opposing candidates, fostering more productive debate. Platforms that use AI to summarize and systematically present diverse arguments on hot-button topics may build a foundation for gradual mutual acceptance. 4. Accountability: We must hold ourselves and AI systems accountable for the information they produce and the interpretations they offer. AI-generated insights can serve mutual understanding or deepen the divide. This requires human intent for transparent and verifiable outputs. We must be mindful of the potential for AI to be used to manipulate or misrepresent information. By prioritizing ethical considerations and promoting responsible AI development, we can harness its potential for good. This means fostering transparency in how AI models make decisions, ensuring that algorithms are auditable, and establishing clear guidelines for the ethical use of AI in communication. The future of AI and NI – natural intelligence, isn't a pre-written script but an organically evolving dynamic. As our natural and artificial 'minds' are increasingly entangled, the big question is whether AI becomes a 'mirror neuron' for humanity and what we will see in that mirror. Will it reflect back our shared empathy, or are we going to face a 'hall of mirrors,' a distorted reality of personalized echo chambers that are misted by prejudice? The risk of weaponized, hyper-personalized propaganda is not a distant threat but a phantom limb, already twitching. Yet, within this uncertainty lies a promise. Beyond its use as a mindset translator, AI could be configured as a mindset cartographer, to chart the sprawling territories of human understanding. Imagine: AI not just translating words but deciphering the very music of thought. The choice is ours: to forge a future of resonant understanding or to surrender to the cacophony of fractured realities.
