1 March 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

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 2014

The most comprehensive review of AIM directors' pay available, and this year includes a record sample of 1,044 AIM-quoted companies. The full report is available to order for £365 + 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

Kefi is one of the few foreign gold miners in Saudi Arabia

Kefi on track to raise £4.9m 26/02/2015

Saudi Arabian gold explorer Kefi Minerals (AIM:KEFI) is on track to raise the third tranche of a total of £4.9 million. 

Tags: Mining

Rare Earth update on Germany 26/02/2015

Rare Earth Minerals (AIM:REM) updated investors on the progress of the Western Lithium USA Corporation.

Tags: Mining

UK Oil & Gast takes Markwells stake 26/02/2015

British explorer UK Oil & Gas (AIM:UKOG) has acquired the remaining stake of a licence. 

Tags: Oil and gas

Charles Taylor grabs Strike Club 26/02/2015

Insurance play Charles Taylor (AIM:CTR) has acquired Bermuda-based shipping insurer The Strike Club. 

Digital takes hit 26/02/2015

Surveillance specialist Digital Barriers (AIM:DGB) has disappointed investors. 

Tags: Technology

APR going well in Oz 13/02/2015

Australian power company APR Energy (LSE:APR) has commissioned a new gas plant.

Tags: Australia

More News