Good afternoon, ladies and gentlemen. It's a pleasure to welcome you to the 2023 Annual General Meeting of Seeing Machines Limited. I have been advised just before the meeting that, by the company secretary, that a quorum is present, so I can now declare the AGM open. For shareholders using the online voting platform today, if you experience any technical difficulties during the meeting, please call our share registry, Computershare, on the number shown on the screen. The number is +61 3 9415 4024. My name is Kate Hill, and as Chair of the Board of Seeing Machines Limited, it's my pleasure to chair this annual general meeting today.
I would first of all like to acknowledge the traditional owners of the different lands in Australia on which we're meeting today, including the Ngunnawal country, the location of our head office. I would also like to pay my respects to their elders, past and present, and I extend that respect to other Aboriginal and Torres Strait Islanders who are attending today. I'd like to welcome my fellow directors joining by video conference: Gerhard Vorster, John Murray, Michael Brown, Yong Kang Ng, Stéphane Vedie. Paul McGlone, our CEO and Executive Director, is attending in person, as well as Susan Dalliston, the Company Secretary, and members of the executive leadership team. A representative of PricewaterhouseCoopers, our auditor, is also present online. The agenda for today's meeting will commence with a short chair's address.
Following this, the annual financial report, the directors' report, and auditors' report will be presented to the meeting. We will then proceed through the formal items of business, following which we will bring the meeting to a close. Welcome to the 2023 annual general meeting for Seeing Machines. Another year has passed, quickly it seems, and we are further down our path of contributing to the growing global momentum for improved safety across all transport sectors, as we continue to apply our world-leading technology to get people home safely on roads around the world and in the air. During financial year 2023, Seeing Machines delivered record year-on-year revenue growth, up by 40% to $57.8 million.
We now have over 1.3 million cars on the road installed with our automotive driver monitoring system technology, and more than 54,000 trucks featuring our Guardian aftermarket driver safety system. While the market is increasingly competitive, we remain confident that our company is industry-leading and believe this dynamic will play out over the next few years as regulatory requirements come into force and become ever more demanding. Excuse me. Speaking of regulatory tailwinds, Europe's General Safety Regulation deadlines, or GSR, are fast approaching, alongside Euro NCAP's timeframe for a range of safety technologies, giving automakers the opportunity to achieve a five-star safety rating. We are well-positioned to take advantage across both automotive and aftermarket sectors, where all road-based vehicles will be required to feature safety technology to reduce the risks of drowsy driving, followed soon by requirements for distracted driving detection.
This regulatory momentum has extended to the U.S.A., partly due to our investment and efforts to influence the safety agenda there, and we expect a rulemaking on the requirement for distraction and impairment or drunk driving detection to be announced very soon. These jurisdictions are very important to our business, as we work closely with most European and U.S.-based OEMs. As we launch Guardian Gen 3, we will be able to leverage this improved automotive-grade solution into the aftermarket and the after-manufacture markets competitively. In aviation, an industry where we know that competition is limited for what we do, we have partnered with the world-leading Tier 1 avionics company, Collins Aerospace. While this has been a while in the making, this collaboration simply places Seeing Machines at the heart of this industry with our eye-tracking technology.
To service aviation, a highly regulated and safety-focused industry, having a partner like Collins, with an outstanding reputation and where certification is their bread and butter, is the best way to succeed. With that achieved, I look forward to seeing the business opportunities start to thrive, flow through. So with three contributing business units, we look forward to further growth. I'd also like to take this opportunity to thank one of our long-serving, non-executive directors, YK Ng. After seven years on the Seeing Machines board, YK retires by rotation at this meeting and is not seeking re-election. YK has been a very dedicated director and has added particular value with his knowledge of product manufacturing during our years of bringing the aftermarket product to market. I've personally appreciated his support during my tenure, and he's always been a delight to work with. So thank you, YK.
You will be very much missed. As our business evolves, we have Stéphane Vedie to our board, and he brings deep expertise in the automotive and technology arena. Welcome, Stéphane . As you know, we remain committed to our purpose of getting everyone home safely, and we stay focused on delivering value to our shareholders. Thank you. I'll now explain the voting and question procedures for this meeting, which are also set out in the notice of meeting. So first of all, for virtual attendees, shareholders who are registered on the company's Australian share register and are attending the meeting virtually, can vote online using the online voting platform link, which is found in the notice of meeting. Once you've registered and logged on to the platform, you can commence voting when I open the polls by using the Vote icon shown on your screen.
Please ensure you see a tick against the item you are voting, as that indicates that your vote, the vote has been received... You may change your vote at any time until polls are closed by selecting the icon on your screen, Change Your Vote. Shareholders attending virtually can submit a question using the chat function in Teams. You may type your question in the chat function. Please include your registered holder name with your question. When addressed, your question will be read out loud to the meeting by the company secretary. If you wish to ask your question orally, please also state this in the chat function, and we'll give you that, that ability. We will address questions at the appropriate time in the meeting.
So for physical attendees, shareholders who are registered on the company's Australian share register and are attending in person will have received an attendance card at registration. Please complete the voting instructions on the attendance card, as these will be collected at the end of the AGM, when requested by myself. If you need assistance, please see the staff located in the room. If shareholders in the room wish to ask a question, please raise your attendance card when I invite questions. I may ask the company secretary to repeat your question out loud, so that those attending online have the benefit of hearing it. Please note that only shareholders, proxy holders, or shareholder representatives, including corporate representatives who have been validly appointed, may vote and speak at the meeting. The notice of meeting invited shareholders to send questions to the company secretary ahead of the meeting.
I have been advised by the company secretary that no questions were received in relation to the meeting. I'll now move to the formal business of today's meeting. The notice of meeting, dated the 3rd of November 2023, was sent to all registered shareholders, and I will take it as read. The notice of meeting sets out the agenda and the items to be considered at this meeting. Please note that as chair of the AGM, I will be voting all undirected proxies in favor of all resolutions. As set out in the notice of meeting, a poll will be conducted on all resolutions put to the meeting, and the results of the poll will be announced on our website as soon as they are available. Before the vote on each resolution, we will disclose on the screen the valid proxy votes received prior to the meeting.
The first item of business is the receipt and consideration of the 30 June 2023 financial report for the company and the reports of the directors and the auditor. No vote is required on this item of business. The 2023 annual report has been made available on the company's website and was posted to those shareholders who requested a hard copy. I will now open for questions from shareholders for either the company or the auditor on the financial statements or the conduct of the audit. I also invite any questions on the management or governance of the company at this time. Susan, are there any questions?
No.
Thank you. With the reports received, I will now move to the resolutions before the meeting today. As mentioned earlier, all voting will be conducted by way of a poll, and I now declare the polls open. I'll provide a warning when polls are to be closed to allow an opportunity for all shareholders to submit their votes. The online voting platform will continue to accept votes for approximately three minutes following close of the polls. The next item of business relates to my own re-election, so I will now ask John Murray to chair the meeting for this resolution, please.
Thank you, Kate. The resolution before the meeting relates to the re-election of Kate Hill as a director. I refer shareholders to the notice of meeting, which contains Kate's biography. The board, with Kate abstaining, unanimously supports Kate's re-election. Resolution 1 and the proxies received are shown on the screen. I now put the resolution to the meeting: That Kate Hill, who retires in accordance with Rule 6.4(a) of the Constitution and being eligible, offers herself for re-election to be re-elected as a director of the company. Susan, are there any questions on this resolution?
No.
Please now enter your vote in relation to Resolution 1 . I will now hand the chair back to Kate.
Thank you, John. The next item of business is to consider John's re-election as a director. I refer shareholders to the notice of meeting, which includes John's biography, whose... And he is seeking re-election by shareholders at this meeting. The board, with John abstaining, unanimously supports John's re-election. Resolution 2 and the proxies received are shown on the screen. I now put the resolution to the meeting: That John Murray, who retires in accordance with Rule 6.4(a) of the Constitution and being eligible, offers himself for re-election, be re-elected as a director of the company. Susan, are there any questions on this resolution?
No.
Thank you. Please now enter your vote in relation to Resolution 2 . The next item of business is the election of Stéphane Vedie as a director. I refer shareholders to the notice of meeting, which provides Stéphane's biography. The board, with Stéphane abstaining, unanimously supports the election of Stéphane. Resolution 3 and the proxies received are shown on the screen. I now put the resolution to the meeting: That Stéphane Vedie, who was appointed by the board as an additional director on the 25th of October 2023 , and retires in accordance with Rule 6.2(c) of the Constitution, and being eligible, offers himself for election, be elected as a director of the company. Susan, are there any questions on this resolution?
No.
Thank you. Please now enter your vote in relation to Resolution 3. The next item of business is to consider the approval of the 2023 Employee Benefits Plan. Resolution 4 and the proxies received are shown on the screen. I now put the resolution to the meeting that for the purposes of Rule 2.1(c)(viii) of the Constitution, and for all other purposes, approval is given for the issue of securities under the Seeing Machines Limited 2023 Employee Benefits Plan, as amended from time to time, as an exception to Rule 2.1(b) of the Constitution on the terms described in the explanatory statement. Susan, are there any questions on this resolution?
No.
Thank you. Please now enter your vote in relation to Resolution 4. The final resolution for today's meeting is to consider for approval the issue of rights to the managing director, Paul McGlone. Resolution 5 and the proxies received are shown on the screen. I now put the resolution to the meeting that for the purposes of Section 208 of the Corporations Act 2001, and for all other purposes, approval is given for the company to issue to Mr. Paul McGlone and or his nominee, 10 million rights on the terms and conditions in the explanatory statement. Susan, are there any questions on this resolution?
No.
Thank you. Please now enter your vote in relation to Resolution 5. We are now nearing the close of the AGM, at which time I'll declare the polls closed. For those who joined online, please ensure that you have voted and that you see a tick on your screen next to the five resolutions. The online voting platform will continue to accept votes for approximately three minutes following the close of the polls. For those who've joined in person, staff will now come to collect your attendance cards. I'll pause shortly now to allow those joining online to finalize their votes and the cards in the room to be collected. Before I proceed to close the meeting, I would like to invite shareholders to ask any additional questions. Susan, are there any questions?
No.
Thank you. It appears we have no further questions, so that concludes the formal business of the meeting. To all our shareholders who have joined today, we appreciate your attendance and your ongoing support of our company. I thank all staff at Seeing Machines for their valued contribution over the past year. I now direct that the polls be closed, and I declare the meeting closed. Thank you again for your attendance.