SMN 5.26% 40.0¢ structural monitoring systems plc

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    CVM TM
    • Boeing confirms circulation of draft copy of proposed new service bulletin to the four largest US
    carriers.
    • Boeing undergoing evaluations of final testing completed in May, expected to be completed by
    the end of June.
    • Boeing expected to submit the final documentation for the proposed service bulletin to the FAA by
    Sep 30, 2024.

    “The CVMTM certification process continues, although we are still waiting for the final test results to be
    processed by Boeing. These final tests have been underway in Boeing’s own laboratory throughout May,
    and we are advised that they require some final evaluations which we expect to be completed at the end
    of in this month.
    “In the meantime, the fact that Boeing has circulated a draft copy of the proposed new service bulletin to
    the four largest US carriers who will be able to take advantage of our sensor solution (Southwest, United,
    Delta and American) is a strong signal of their confidence that the outstanding technical issues will
    ultimately be resolved. Wonder what the technical issues are???
    “We are also aware of key milestone dates that Boeing have set for the next critical steps in the
    certification process, including their intention to submit the final documentation to the FAA by Sep 30,
    2024.
    “As always, we are cautious about relying on these milestone dates as we have experienced them
    slipping in the past – however they are clear evidence of the commitment to the program and continue to
    support our confidence in a positive outcome by the end of this calendar year as we have previously
    advised you
 
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