Ann: Trading Halt, page-97

..."Am I right in recalling that the company said it was preparing a major package to explain its latest thinking on strategy and revenue model? Is it possible this might be coming now in next day or so, along with the FAA announcement itself. Seems to me this will be required by the market, brokers and even journalists, to get their heads around our SMN/AEM potential..."

Just following up with Favre's comment above its probably worthwhile for us to refresh on what was previously mentioned by SMN going back to past announcements:
27 July 2022 :-
"CVM™: Post-FAA Approval Marketing and Outreach
The largest and most important marketing initiative to date has been to support the DE-led initiative to achieve the first FAA-approved application for CVM™. The formal approval to use CVM™ as an alternative means of inspection from the largest aerospace regulator in the world will provide the necessary “blue sky” for the rest of the industry to adopt CVM™ for use on their respective fleets.

"Upon formal approval, Rich Poutier, SM S Head of Global Business Development, will be in a position to:
- drive sales of CVM™ kits for those airlines that utilize GoGo WiFi systems and
- work with all major carriers to identify further use cases for CVM™ - more so given that the optimal path for regulatory approval process will be fully enacted and understood - by both SMS and the global civil aerospace industry.

"More than 2,594 aircraft currently in service globally are fitted with the GoGo WiFi system, 1,600 of which are based in the USA. Rich Poutier, along with key members of the SMS Board and Management team, have met on multiple occasions with executives from a significant number of the global airlines that have the GoGo system installed, and continue to keep their respective management teams up to speed on the timelines expected for formal CVM™ approval.

"In other activity, Delta Air Lines (“Delta”) continues to press Boeing and the FAA for additional use cases for CVM™ for the Delta fleet. The next sequential approval will very likely be for the APB structural inspection on Delta’s B737-NG fleet. To date, SMS and Delta have outfitted twenty (20) B737-NG individual aircraft with CVM™ kits and are now collecting data to support the current AMOC-approval
process within Boeing. Further, Delta Tech Ops – Delta’s key technical and R&D arm – have now formally requested a quotation from SMS to outfit an additional seven (7) aircraft with APB CVM™ kits that will be included in Delta’s 2022 provisional budget.

"In summary, as noted on multiple occasions, the upcoming FAA approval marks the pivotal commercial inflection point whereby SMS can directly identify the global total addressable market for the CVM™ sensor technology. The next phase of marketing will be to fully engage with the largest global airlines to drive sales in 2021/22, and beyond. The priority will be for applications under the purview of the FAA
and/or Boeing. However, given the extensive and ground-breaking work that has been completed to date with the world’s major regulators and OEMs – including EASA and Airbus, amongst others - SMS will be pursuing all commercial routes to fully open up multiple global markets for CVM™."

2 September 2021:
"CVM™ Final Commercialisation Milestone – End Note
As explicitly referenced in recent ASX Releases, SMS has achieved some significant milestones related to the full development of, and final global commercialisation hurdles for, the Company’s CVM™ technology suite of products. In this regard, SMS is expecting to be dedicating a separate and complete explanatory Announcement in the near-term to fully update investors with respect to pivotal final CVM™ STC developments, and the sequenced outreach and commercialisation strategies to be undertaken
immediately thereafter. The timing expectation for this Release, at the current juncture, is earlyQ4CY2021."

I think that once FAA approval is achieved we can expect a continuous supply of positive announcements re CVM that will buoy the share price despite the state of the overall market which may be more subdued in coming months, and have SMN share price moving up appreciably over time.