STRUCTURAL MONITORING SYSTEMS EXECUTES WORLD’S FIRST COMMERCIAL...

STRUCTURAL MONITORING SYSTEMS EXECUTES WORLD’S FIRST COMMERCIAL SUPPLY & MARKETING AGREEMENT WITH DELTA AIR LINES HIGHLIGHTS:

• SMS executes pivotal Aircraft Component Purchase (“ACP”) Agreement with Delta Air Lines, Inc.
• The Agreement is non-exclusive, and is for a 10-year term, with rolling 10-year extension provisions, as agreed at outset by both Parties
• Delta and SMS fully aligned to identify, and gain OEM/Regulator approval for, multiple applications on all aircraft types across the entire Delta fleet
• In-aircraft applications will be approved for CVM™ via OEM issued Service Bulletin (“SB”) Revisions and/or Regulator mandated Airworthiness Directive (“AD”) Global Alternative Means of Compliance (“AMOCs”). Thus, CVM™ to receive global installation approval - from both OEMs and Regulators - enabling unfettered adoption across all the world’s commercial airline fleets
• Delta TechOps to evaluate the provision of CVM™ installations to its key airline carrier customers, namely Delta Complete Fleet™ Services customers. TechOps, based in Atlanta, GA, is the largest airline maintenance, repair and overhaul facility (“MRO”) in North America, and third largest in the world