SMN has a sensor that monitors for cracking in aircraft. After years of misadventure, they hired a highly skilled ceo who is on the brink of gaining FAA approval. In the first 2 months of the year, I expect 3 catalysts, the FAA accepting the approval plan, Boeing providing the evidence and the FAA approval. This will trigger an immediate payment from delta of approximately $2.5 million. Boeing and delta airways have pushed for the application. Boeings documents are ready to go once the approval plan is finalised.
SMN also just announced they have now got contacts in place to meet their minimum revenue and ebita guidance with smn being cream. Additional catalysts also include a contact to supply radios to the Californian fire service. I expect a major upgrade to guidance.
