SMN (ASX) Ann: Exceptional Annual Results &amp; Material Progress to STC

Originally posted by JUSTBOB: ↑

The third stage approval of the 2ku Wi-Fi Programme with 4th stage to follow shortly thereafter was expected during the 4th quarter & that starts tomorrow.

This means that at any time from tomorrow on we can expect be pleasantly surprised with FAA approval.

It is like a ticking clock with the alarm set to go off but you cannot see the time in the dark.

This third stage approval, as far as I am concerned, is the major event in the history of SMN. Once this is obtained there are very few obstacles in the way for SMN to start earning the big money we have been waiting all these years to see.

It was stated that the 4th stage should be merely a formality once the third stage was approved.

"Concurrently, the required pre-validation CVM™ installation on a Delta Air Lines (“Delta”) aircraft has
been discussed in detail (a requirement for the completed STC), and the necessary production of CVM™
installation kits is now well underway, with an anticipated completion date of the total kits by no later than
August 31st. Similarly, several Delta aircraft have already been short-listed for the installation, and a final
decision for the selected aircraft is expected within the next few days."

The question is "Have the aircraft been selected & have the installations occurred?"

"Over the past month, SMS and DE personnel have completed all required documents and analyses, and
submitted all information required by the FAA to proceed, as planned, through the STC process. SMS is
now awaiting imminent routine feedback from the FAA re the Certification Plan, the Issue Paper, and the
Test Plan. SMS submitted the important Failure Modes and Effects Analysis (“FMEA”) a few weeks ago,
and continues to compile supporting historical data for the Organisation Designation Authorisation
(“ODA”) and the FAA, as required."

The question is "Has the imminent routine feedback from the FAA re the Certification Plan been received?"

"CVM™ Commercialisation Summary:
As communicated previously, despite an overwhelmingly challenging global operating environment, SMS
- and the Company’s key strategic counterparties - remain well on-track to deliver a highly significant
commercial milestone within the time parameters that have been previously communicated, pending a
reasonable (and expected) response time from the FAA. This continues to envisage Stage IV of the IP -
and full required ancillary testing - completed in the current quarter, with full STC-approval expected
shortly thereafter in Q4-2020."

We are waiting.

Expand

Originally posted by JUSTBOB: ↑

The third stage approval of the 2ku Wi-Fi Programme with 4th stage to follow shortly thereafter was expected during the 4th quarter & that starts tomorrow.

This means that at any time from tomorrow on we can expect be pleasantly surprised with FAA approval.

It is like a ticking clock with the alarm set to go off but you cannot see the time in the dark.

This third stage approval, as far as I am concerned, is the major event in the history of SMN. Once this is obtained there are very few obstacles in the way for SMN to start earning the big money we have been waiting all these years to see.

It was stated that the 4th stage should be merely a formality once the third stage was approved.

"Concurrently, the required pre-validation CVM™ installation on a Delta Air Lines (“Delta”) aircraft has
been discussed in detail (a requirement for the completed STC), and the necessary production of CVM™
installation kits is now well underway, with an anticipated completion date of the total kits by no later than
August 31st. Similarly, several Delta aircraft have already been short-listed for the installation, and a final
decision for the selected aircraft is expected within the next few days."

The question is "Have the aircraft been selected & have the installations occurred?"

"Over the past month, SMS and DE personnel have completed all required documents and analyses, and
submitted all information required by the FAA to proceed, as planned, through the STC process. SMS is
now awaiting imminent routine feedback from the FAA re the Certification Plan, the Issue Paper, and the
Test Plan. SMS submitted the important Failure Modes and Effects Analysis (“FMEA”) a few weeks ago,
and continues to compile supporting historical data for the Organisation Designation Authorisation
(“ODA”) and the FAA, as required."

The question is "Has the imminent routine feedback from the FAA re the Certification Plan been received?"

"CVM™ Commercialisation Summary:
As communicated previously, despite an overwhelmingly challenging global operating environment, SMS
- and the Company’s key strategic counterparties - remain well on-track to deliver a highly significant
commercial milestone within the time parameters that have been previously communicated, pending a
reasonable (and expected) response time from the FAA. This continues to envisage Stage IV of the IP -
and full required ancillary testing - completed in the current quarter, with full STC-approval expected
shortly thereafter in Q4-2020."

We are waiting.

Expand

I think you will find the 4th quarter starts in Oct not Sept....Other than that I agree with what you have to say in your posts...When the approval eventually comes it will be celebrations all round. Its been a long drawn out saga, if I had a clue to the length of time it was going to take I probably would have invested elsewhere. I think management also had no inkling to the long drawn out procedure of the FAA. I think they have done a better job than I would have. I would have given up and put it in the too hard basket...Thats why we pay them the big bucks..lol

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