...smn delivering quality news

Of the two SMN announcements today, I regard the second as having key importance.

In it, SMN managing director,Toby Chandlerl, revealed the company had been approached by Cornes Technologies, a 150yo Japanese trading house.

“We are very pleased to be entering formative discussions with Cornes Technologies, a company possessing demonstrable global profile, customer reach and technical expertise.

"It is similarly pleasing that CTL shares a similar view of SMS, and the capabilities of our product range and the Company’s future commercial potential.

"CTL engages directly with globally prominent companies in the aviation, construction,transportation and nuclear power segments – all industries that provide numerous opportunities for SMS and our patented technologies.

"We look forward to forging a strong and close relationship with Cornes Technologies after this important initial step”.

Chandler supplied a link to the Cornes website.

I followed the link and found this:

"CTL is a leading specialist importer and distributor of high-tech products and technologies and has for long been a trusted supplier to Japanese Government and industry with an established record of success in the aerospace, communications, defense, electronics, security, science, and industrial machinery sectors.

"CTL has un-rivalled local market knowledge and, as an approved supplier to Japanese Government and industry for many years, has built up an extensive network of contacts and customers across both the public and commercial sectors."

In the last two weeks SMN has cranked out news.

It has announced/confirmed agreements/deals with:

. Delta Airlines;
. Federal Aviation Administration;
. Sandia National Laboratories (US equivalent of CSIRO);
. Anodyne Electronics Manufacturing Corp;
. Drake Private Investments LLC;
. Cornes Technologies.

SMN seems a leanly-run, global, high-tech operation with a reputable board, great and powerful aviation allies and a well-credentialed share register.

Market cap? $16m.