Ann: Appendix 4C - Quarterly Report & Brief Company Update, page-3

APPENDIX 4C - QUARTERLY REPORT
AND BRIEF COMPANY UPDATE
Highlights:
• SMS remains extensively involved in multiple programmes and contract negotiations, as previously highlighted in various communications. These involve major aerospace OEM’s, defence forces and civil aerospace concerns – involving both fixed-wing and rotor aircraft.
• Most importantly is the progression of the most significant contractual arrangement established between a company in the field of Structural Health Monitoring (“SHM”) and a pre-eminent leader in the global aerospace industry. SMS expects to provide complete, and final, details regarding the execution of this extremely important, and “company-making”, agreement to the market in the immediate near-term.
• During the quarter, SMS formed a marketing partnership with Octus Aerospace Solutions Ltd (“OAS”), a team of high profile individuals based in the Middle East, to assist with, and fast-track, CVM™ supply and/or licensing agreements with some of the world’s largest, most important airline operators. OAS personnel have uniquely strong relationships with key executive level, “C-suite” airline management, and have extensive experience across the aviation sector - including very senior roles with Emirates Airlines and The Boeing Company.
• Senior personnel from SMS management, Testia, Airbus and leading industry expert, Dennis Roach, from Sandia Laboratories, completed a pivotal roadshow in the Middle East with leading airlines to introduce SMS’ industry-leading CVMTM technology directly to upper management, and senior technical teams.
• Cash at bank as at 30 June 2017 was approximately $A2.9 million, seeing the Company fully funded to achieve full, licensing (or similar) based commercialisation of CVM™, thereby achieving a cash- flow positive operational platform. As a result, SMS does not expect a requirement for any equity-based operational funding at any time in the foreseeable future, as all visible operational requirements are more than adequately funded.

I'll leave the numbers for the report when its up.