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56.5¢ structural monitoring systems plc

Ann: Important Global Aviation Regulator Approval Update, page-18

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LetsTryAgain

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15/02/17

10:16

Post #: 22622846
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Originally posted by susieq ↑

Well I may be wrong but I think it relates to this from last years June update

The twin goals of the Programme are to obtain general approval for multiple applications on multiple different aircraft from global regulators, and most importantly, to have CVM™ as a fully mandated, recognized and accessible tool for future maintenance needs which would not require any subsequent, or case-by-case regulator approval on these aircraft. Currently, we are informed that the pre-requisite approvals from the domestic aerospace regulator will be finalized in Q1-2017, followed shortly thereafter by critical FAA approval, essentially a formality given the bilateral agreements in place between all the major global aviation regulators.

I actually think its a good thing s they were saying general approval finalized in Q1 2017 (as above) and things seem to be gearing towards that with this announcement IMO.

Imagine having global approval for all aircraft without having to prove themselves each time sounds like we are on our way to do that IMO but hey I know nothing so just my view

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"Followed shortly thereafter by critical FAA approval"

That's the BIG one the market will go nuts over.

SMN Price at posting: $1.44 Sentiment: Hold Disclosure: Held
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