Seeing Machines Limited announced Memorandum of Understanding to an executed License Agreement ("Agreement") to license the Company's Occula® Neural Processing Unit ("Occula®") to OmniVision Technologies, Inc. This Agreement represents the first execution of the silicon license for Seeing Machines' Occula®, which offers a unique NPU design that enables the development of low-cost, high-performance edge-AI to power future human-machine interfaces. Further to the recently announced 'three pillar embedded product strategy', where Seeing Machines laid out its strategic approach to meet the broad and growing technology needs of the global interior monitoring market for Automotive, this collaboration brings the third pillar to life as the partners combine the Occula® Silicon IP with machine vision silicon technology for their customers. OmniVision develops and delivers advanced imaging solutions to a variety of industrial and consumer markets, including Automotive. OmniVision has been delivering imaging products for over 15 years to automotive customers, offering products and technology which can place a camera anywhere in the car. OmniVision has a full portfolio of image sensors for the interior monitoring market and is presently the leading supplier of image sensors into the interior monitoring market segment. Seeing Machines continues to grow as an automotive leader in DMS technology, having won contracts with a total five automotive Tier 1 customers for a steadily growing number of programs across six global car OEMs. The Company is now expanding its embedded product offerings, and extending its low-cost high performance embedded DMS know-how into the automotive Occupant Monitoring System (OMS) market. Seeing Machines and OmniVision will work together to deliver optimised, highly integrated solutions to the global Driver and Occupant Monitoring System markets, leveraging existing and new customers globally.