NEA 0.00% $2.10 nearmap ltd

Looks like they are half way through the process. See below from...

  1. 61 Posts.
    Looks like they are half way through the process. See below from FAA website

    Probably won't be an announcement for a few months as they would need to get the certificate. Find someone to fly the cities for them. Set up a US company. Then probably have to offer some free mapping to lure customers in. I stand to be corrected but I think it took them 2 years to lift the paywall in Australia and there was a huge backlash.

    There's also the possibility that Australia shareholders will see $0 revenue and that they may set up a separate US company to take on the US market. There is already a US twitter account.

    Anyone got any thoughts on the US company idea ? Concerns ?

    STC process - major steps, as required

    Applicant applies for STC

    Familiarization and preliminary type certification board (TCB) meetings
    FAA develops certification program plan
    Establishment of certification basis by FAA
    Applicant submits data for approval
    FAA design evaluation
    FAA and applicant hold specialists and interim type certification meetings, as required
    FAA performs conformity inspections
    Engineering compliance determinations
    Pre-flight TCB Meeting
    Applicant performs ground inspections, ground tests, and flight tests
    FAA reviews manufacturer's flight test results and issues TIA
    FAA performs conformity inspections, witnesses tests, performs official certification flight tests and flight standards evaluations
    Functional and reliability testing
    FAA approves flight manual supplement or supplemental flight manual and holds final TCB meeting
    AEG completes continuing airworthiness determination
    FAA issues STC
 
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