Seeing Machines Awarded DSS Mining Contract In Peru

29th Jul 2010 07:47

LONDON (Dow Jones)--Seeing Machines Ltd (SEE.LN), a developer of advanced vision based industrial systems, said Thursday that it has been awarded a contract to install the DSS driver monitoring equipment in the haul truck fleet at an open-pit mine in Peru. MAIN FACTS: -The DSS is an active system that directly monitors the driver of a vehicle for distraction and fatigue events and provides a series of interventions aimed at managing these events and averting potential operator caused accidents. -The company is unable to announce details of the mining company nor the particulars of the site involved due to the confidentiality provisions agreed with the mining company. -Shares closed Wednesday at 3.38 pence, valuing the company at GBP13.70 million. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 29, 2010 02:47 ET (06:47 GMT)