1 July 2015

Seeing in 3D

18/07/2011 Ben Jaglom

Eye tracking specialist Seeing Machines (SEE) has won a deal to supply its technology to Toshiba’s new glasses-free laptop.

The AIM-quoted Australian minnow will be supplying its faeAPI technology- which tracks the movement of the eyeball – for Toshiba’s Qosmio F750, which the company enthuses is the world’s first 3D laptop to not require special glasses. The company will receive a royalty for each unit sold by Toshiba. It is built into the laptop’s webcam which then tracks the movement of the eyeball to produce a 3D image.

Seeing's CEO Ken Kroeger declared that it is 'only the beginning of a new era in glasses-free 3D'. He enthused that SuperD (its partner in the technology) chose Seeing as it develops technology that is 'uniquely able to provide face tracking with the required accuracy and reliability' adding that he believes this launch is 'the first of many.'

Prior to the announcement analysts at paid-for research house Edison were forecasting pre-tax profits of AUD $1.3 million (£850,000) on sales of AUD$ 8.7 million for the year to June 2011. In 2012 it is pencilling in profits of AUD $1.9 million on turnover of AUD $10. 8million. EPS of 0.3 cents (0.2p) and 0.4 cents (0.26p) are forecast for 2011 and 2012, respectively.

Recommended by Growth Company Investor last October at 3.5p the shares currently trade at 2.5p. The highly volatile shares have traded between a range of 1p to 4p over the last four years, with the company having done little to generate a significant rerating of its prospects. While the deal should provide some increased momentum we retain our hold rating for now.

Tags: 3D Technology, Australian businesses, Laptops, Technology in Australia

Superb investment toolkit for private investors

SharePad is the new web-based service from ShareScope. Easier to use and more powerful. Perfect for tablets, Macs and Windows PC. Covers ALL your investment requirements.

Growth Company Investor: free trial

Since 2008, our share tips outperformed the benchmark by 281%. Take a free trial and get access to our recommendations today. Start free trial now.

Directors' Pay on AIM 2015

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1000+ AIM-quoted companies. The full report is available to order for £385 + VAT. Click here for more info

 

Latest small-cap and growth company news

Daily coverage of small-cap company stocks on London's junior markets AIM and PLUS, breaking news, stock research and latest share price information for investors. Full sector coverage with all the latest news on smaller listed companies, updated several times a day with financial reports, trading statements and links to further web resources.

Popular News

Latest News

Plastics Capital shares moved dowwnwards in wake of latest results

Mixed bag for Plastics Capital  30/06/2015

In its results statement this morning, Plastics Capital said its revenue growth in the year to March was largely driven by acquisitions, including one that enabled the company to transform its operations in China.

Carpetright on sound footing  30/06/2015

Shares in Carpetright soared to their highest in more than a year after the floorings retailer ‘s results  impressed city analysts and it said current trading was also going well, 

Eden Research shares in bloom following regulatory boost  25/06/2015

The announcement this morning that Eden Research has been granted licences for a pair of the ingredients it has developed for use in its plant protection products has seen shares in the business surge ahead by more than 20 per cent this morning.

Management at REACT Energy vow to plough on despite entering 'examinership' 24/06/2015

The management team at AIM-listed Irish resources company REACT Energy informed the market today that they are confident they can secure financing, and the approval of shareholders and creditors, to continue as a going concern despite entering 'examinership'.

Acquisition and expansion costs push Atlantis Resources into the red for 2014  24/06/2015

A combination of acquisition costs and expansion of its staff numbers pushed AIM-listed tidal power turbine company Atlantis Resources into the red for the year to 31 December 2014.

Revenue grows stoutly and losses narrow at Daily Internet Group  22/06/2015

Revenue growth of 67 per cent helped AIM-quoted Daily Internet Group to dramatically narrow its losses for the year to the end of March by 87 per cent.

More News