23 November, 2022

Smart Eye Announces New Driver Monitoring System Design Win with Premium European Car Manufacturer

Smart Eye will deliver its industry-leading Driver Monitoring System (DMS) software to an additional car model. The estimated revenue of the order is SEK 10 million based on estimated product life cycle projections.

Gothenburg, Sweden – November 23, 2022 – Smart Eye, the leading developer of DMS software for the automotive industry, has been selected to deliver its technology to a new electric luxury car by a European premium car manufacturer. The customer has previously chosen Smart Eye’s software for implementation in an earlier car model.

The new car model including Smart Eye’s technology is expected to go into production in the first half of 2024. The estimated revenue for the order is SEK 10 million, based on product life cycle volume projections.

“We are once again pleased to have an existing customer implement our DMS technology in yet another car model,” said Martin Krantz, CEO and Founder of Smart Eye. “The 102 car models we have so far won with 15 automotive OEMs point to a great confidence in our ability to deliver robust DMS software time after time. Our proven, automotive-grade technology has already been installed in more than 1,000,000 cars on the road, and that number will keep growing fast in the next couple of years.”

Smart Eye has now received a total of 102 design wins from 15 OEMs. The combined estimated lifetime value from current design wins is now larger than SEK 2,545 million. Estimated value over the product lifecycle from possible additional design wins with the car manufacturers on existing platforms is now SEK 4,455 million.

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