SMN 2.54% 60.5¢ structural monitoring systems plc

Ann: Major OEM Programme Update-SMN.AX, page-72

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  1. 734 Posts.
    they said this in june

    Finally, perhaps the Company’s primary operational goal for 2016 is to negotiate an agreement, or multiple agreements, with an OEM, operator/carrier, or fully integrated global aerospace company that will definitively provide the scale and path to material global licensing/royalty revenue for CVMTM in fixed-wing and rotorcraft, both commercial and military. Such agreement(s) could be constructed unilaterally or multilaterally - with any number of our current, or potential, partners. The Board’s preference, at this juncture, is for a single, unilateral agreement. The Company can now announce that we are formally in negotiations to execute this type of agreement with such a counterparty. These negotiations are evolving and ongoing, and given the complexity and importance of the agreement, the final execution will likely take a few months to finalize. The Company looks forward to providing key updates to shareho

    ASX did not demand to know name then so surely cannot be that now. I would love some clarification around time scales etc, but just cant see what the asx would want.
 
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