Helicopter deal lifts Seeing Machines

The share price of specialist technology outfit Seeing Machines (LON:SEE) was lifted 2.90% higher to 5.14p (as of 11:30 GMT) after the AIM listed firm announced a partnership with Toll Helicopters. Seeing Machines will provide eye tracking systems to be used in pilot training simulators, allowing instructors and trainees to improve monitoring and feedback.

The company’s GM of Aviation Patrick Nolan said: “Seeing Machines is delighted to be working with the ACE Training Centre and Toll Helicopters team to trial the Crew Training System in their world class training facility. As we move through the trial and progress to deployment of the technology more broadly, we have every confidence it will be instrumental in maintaining Toll’s high standards of safety and be key to enhancing pilot training efficiencies“.

No financial details of the arrangement were included in the announcement.