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62.0¢ structural monitoring systems plc

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waddis

99 Posts.

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14/07/17

12:18

Post #: 25866588
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Originally posted by kmuirhead ↑

I thought that they already had approval for installations in 737 aircraft as per an extraction
from their 21 Dec 2015 announcement. Does the following not mean what I believe it means?

As a brief recap, the Company's CVMTM technology was installed in Boeing 737-NG aircraft operated by Delta, in what was a global first for any technology application in the structural health monitoring of civilian aircraft. The final meetings, attended by all participants, to approve CVMTM as an alternate maintenance program to conventional inspections - the key desired outcome of the Programme - were conducted and completed earlier this week.

The Company is delighted to report that Boeing approval has now been granted in this regard, and similarly, that subsequent FAA approval is also confirmed. Both approvals will be fully documented and formalised in the near-term once the required paperwork has been prepared and executed.

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I guess getting approval and being implemented on new aircraft by an OEM or being installed by an operator are two different things....I guess thats what we are now waiting on, acceptance and adoption by customers into their aircraft on a commercial basis

SMN Price at posting: $1.30 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 62.0¢		Change 0.035(5.98%)		Mkt cap ! $80.35M

Open	High	Low	Value	Volume
58.5¢	62.5¢	58.5¢	$36.21K	60.11K

Buyers (Bids)

No.	Vol.	Price($)
2	2089	61.0¢

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Price($)	Vol.	No.
62.0¢	1533	1

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No.	Vol.	Price($)
2	2089	0.610
1	932	0.605
2	13333	0.600
2	5562	0.570
1	37000	0.560

Price($)	Vol.	No.
0.620	1533	1
0.625	7213	2
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0.660	90000	2

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