SMN 3.57% 58.0¢ structural monitoring systems plc

Re read the 2018 Annual Report, and this is what was reported as...

  1. 2,571 Posts.
    lightbulb Created with Sketch. 468
    Re read the 2018 Annual Report, and this is what was reported as below:-

    "Delta and SMS have prioritized the B757 applications for expedited approval due to Delta's maintenance scheduling which will see most of their B757 fleet "in-hangar" beginning in early Q4-2018, and fuly available for necessary CVMTM installations. Currently, Delta operates 111 B757 aircraft, while, just in the US, American, United, FedEx and UPS operate over 300 additional B757 aircraft. SMS, Delta and Sandia Laboratories have co-developed a validation, and CVM TM sensor design, plan to achieve formal approval for CVMTM as an alternative means of inspection on Delta's B757 fleet. The validation plan, and related CVMTM "kif', will be submitted to Boeing for review and approval in the next few days. Initial meetings with Boeing engineers overseeing the B757 aircraft (Aviation Representatives) were completed in June to review the Delta CVM applications and the preliminary CVM designs".

    I believe we maybe missing this point. "Boeing for review and approval in the next few days!" This is for the B757 Boeing aircraft.

    If this is true, what Tell has alluded all of us to, why would they not be fitting CVM sensors to the B757 aircraft maintenance program that is undergoing checks now, as we speak?

    Guys, connect the dots.
 
watchlist Created with Sketch. Add SMN (ASX) to my watchlist
(20min delay)
Last
58.0¢
Change
0.020(3.57%)
Mkt cap ! $79.66M
Open High Low Value Volume
58.0¢ 58.0¢ 58.0¢ $3.597K 6.201K

Buyers (Bids)

No. Vol. Price($)
1 990 57.0¢
 

Sellers (Offers)

Price($) Vol. No.
58.5¢ 1660 1
View Market Depth
Last trade - 11.27am 25/07/2024 (20 minute delay) ?
SMN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.