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Seeing Machines : Shares Up On Further Caterpillar Order

07/06/2015 | 03:09am US/Eastern

LONDON (Alliance News) - Seeing Machines Ltd on Monday saw its shares rise in early trade after it said Caterpillar Safety Services has ordered decision support system units to provide Fatigue Risk Assessments for Caterpillar customers.

No financial details were disclosed on the order.

"Theses assessments will gradually replace Seeing Machines' very successful DSS trial program while broadening the technology's geographical footprint and expanding the offering from only the mining sector into the other Caterpillar fields of operation. We are working collaboratively with Caterpillar' Safety Services to ensure that they have all the skills that they need to make this program a success," said Ken Kroeger, Seeing Machines' chief executive.

Seeing Machines shares were up 14% in early trade to 5.275 pence, one of the best performers in the AIM All-Share.

Copyright 2015 Alliance News Limited. All Rights Reserved., source Alliance News

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