SMN 5.26% 40.0¢ structural monitoring systems plc

Ann: Further Material Progress to Pivotal STC Approval, page-56

  1. 135 Posts.
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    I think any STC approval at this point would be a mind bursting positive. Once we have just one official approval from the FAA, things will change rapidly IMO.

    Apart from subsequent approvals becoming less onerous (which has huge & obvious benefits), we must remember that most brokerage firms in the US have dedicated people who's sole purpose it is to scan any approvals from major governing industry bodies (FAA, FDA etc etc) relating to public co's. I imagine we'd be on quite a few big radar's immediately from our first approval. From there, any hint of a commercial deal being inked (combined with our low SOI) should send this thing flying.

    Also, what would usually be seen as a major barrier (multiple approvals required for multiple applications / aircraft and variants) will actually begin to work in our favour = multiple announcements and news flow... Imagine every few months having another application approved / another aircraft type approved, and eventually another commercial deal signed....

    Crucially tho, as soon as FAA approval is given, it's time for Stephen Forman to start singing for his supper - industry publicity will be key (across all markets). This thing's been smouldering for what seems to be a life time - FAA approval will light the fire.

    Powerage.

    All IMO.


 
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