SMN 4.76% 66.0¢ structural monitoring systems plc

While I thought the latest Major OEM Programme Update...

  1. 32 Posts.
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    While I thought the latest Major OEM Programme Update announcement released 15th July was very encouraging I found the approval timeline confusing. Perhaps this is the reason for the trading halt?

    First paragraph, page 1 says:
    "the name of the OEM has been withheld until the final aviation regulator approval hurdles have been passed later this year."

    then in the last paragraph, page 1:
    "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.."

    What are the final aviation regulator approval hurdles mentioned in the first paragraph? How do these differ from the pre-requisite approvals?

    I found the following points very exciting:
    a. The issuing of the modified Boeing service bulletin for all operators to use CVM on Boeing 737-NG aircraft to conduct health monitoring of wing box components. The tech can finally be deployed.

    b. The service bulletins written for entire aircraft regions across a large number of aircraft which increases the possibilities.
 
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