SMN 3.80% 38.0¢ structural monitoring systems plc

SMN - Presentation March 18, page-33

  1. 977 Posts.
    lightbulb Created with Sketch. 262
    https://www.federalregister.gov/doc...654/airworthiness-directives-airbus-airplanes

    The above link looks to be the AD for one of the many applications listed in the presentation that has since been taken down above.

    Repetitive inspections of Fastener 40 LH and RH sides - every 5,500 cycles its required. The AD comes into affect May 15th and these inspections are required within 30 days of the AD coming into effect.

    I noted there was some commentary in the AD about a 'product' but it may be myself getting lost in all the text and being a tad biased that they are referencing our tech.

    "This product has been approved by the aviation authority of another country, and is approved for operation in the United States. Pursuant to our bilateral agreement with the State of Design Authority, we have been notified of the unsafe condition described in the MCAI. We are issuing this AD because we evaluated all pertinent information and determined the unsafe condition exists and is likely to exist or develop on other products of these same type designs."

    "Since there are currently no domestic operators of this product, we find good cause that notice and opportunity for prior public comment are unnecessary. In addition, for the reason(s) stated above, we find that good cause exists for making this amendment effective in less than 30 days."
 
watchlist Created with Sketch. Add SMN (ASX) to my watchlist
(20min delay)
Last
38.0¢
Change
-0.015(3.80%)
Mkt cap ! $51.98M
Open High Low Value Volume
39.5¢ 39.5¢ 38.0¢ $28.98K 74.36K

Buyers (Bids)

No. Vol. Price($)
2 24782 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 764 1
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
SMN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.