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SMN - STRUCTURAL MONITORING SYSTEMS PLC


mminion

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In reply to: compint on Wednesday 25/05/05 09:12pm

I like this section of the announcement about the contract with the Pakistan Air Force:

 

"The contract is significant as it is specifically prepared to lead into recommendations for PAF

fleet installations of CVMTM systems, as well as assisting the DARC to develop its structural

testing capability, in a significantly larger Stage 2 program due to commence in late 2005."

 

More revenue and greater exposure. I like it.

 

Onward and upward. Go SMN.

 

Marineboy

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In reply to: marineboy on Wednesday 25/05/05 10:18pm

hi, ive just started looking at this company and i noticed everyone was talking about a deal with airbus/boeing last year. has that just died a natural death or still on the cards?

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In reply to: vipbrett on Thursday 26/05/05 12:25am

Hi vipbrett

 

Yes they are still involved with Boeing and Airbus.

 

The following has been taken from SMN's Investor Newsletter dated 18 march 05.

 

Cheers

 

Marineboy

 

A Joint Development Agreement is being

finalised with Airbus.

CVMTM used in the development of the new

A380 airliner.

 

Airbus and SMS are finalising a Joint Development Agreement (JDA) to have a

CVMÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’‚¾ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚¢ system available for in-flight structural health monitoring by the end of

2007.

The initial goal is to monitor Airbus aircraft structures with the aim of reducing

maintenance costs and increasing aircraft availability. The longer term goal would

be to enable structural weight savings.

CVMTM has already been used in the certification of a lightweight, aluminium

epoxy laminate known as GLAREÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚®, which forms approximately one-third of

the fuselage surface area of the new giant A380 aircraft, recently rolled-out in

Toulouse, France.

The integral sensors also successfully detected cracks on a large GLAREÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚® test

panel in real-time. Airbus regards this as a first in aviation history. Surface sensors

have been used for a variety of crack detection and crack propagation tests.

The JDA covers integral and surface sensors plus associated hardware and

software.

The JDA requires SMS to productionise the CVMTM technology for in-flight use

while Airbus will validate the technology for incorporation into Airbus aircraft.

 

Boeing Connections

 

Boeing is one of the worldÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¾Ãƒâہ¡ÃƒÆ’‚¢s two major commercial aircraft manufacturers. More

than 8,000 of their aircraft fly in the commercial airline market.

SMS is working with Boeing, the Federal Aviation Administration (FAA), airline

operators and research organisations in the US on a program to qualify CVMTM

technology for inclusion in the Boeing Standard Practices Manual (SPM).

This is a necessary step before operators of Boeing aircraft can use CVMTM sensor

products to monitor airframe structures. It is intended that CVMTM be qualified

during the second-half of 2006 for use on Boeing commercial aircraft.

The programs that SMS were already working on with Boeing, FAA and major US

airlines have been included into the Boeing SPM program. The results generated

under the earlier programs are being included in the SPM program.

The importance of this program to SMS is that Boeing has the largest fleet of

commercial aircraft in the world. A significant proportion of the Boeing in-service

fleet can potentially benefit from using CVMTM technology to reduce the cost of

airframe inspection related maintenance and increase aircraft availability.

SMS is also in discussions with Boeing regarding the relationship between the

two companies for the supply and retrofit of CVMTM sensor and instrumentation

products to a number of Boeing aircraft types upon completion of this program.

 

Military Markets

 

Because military aircraft are governed by self-administered regulations it can be

quicker to get clearance to use a new technology on military aircraft than on the

multi-national, highly regulated civilian market.

SMS has completed validation installations on an A-4SU Sky Hawk and S-211

trainer of the Republic of Singapore Air Force. Last November a contract was

signed with the Australian Defence Force (ADF) for a trial installation on the Black

Hawk helicopter that will take place in April 2005.

Since 2002 CVMTM sensors have flown successfully on a US CH-53 helicopter and

have detected a crack on three separate occasions.

In the UK significant progress has been made on increasing the awareness of

CVMTM technology in the RAF and RN, and preparations are well advanced on

trial fits to three in-service aircraft and a structural fatigue test program. A draft

contract has been received. Successful completion of these trials could lead to

programs with other military operators and acceptance by UK military operators

of CVMTM systems for use in time consuming inspection locations.

In association with Aerostructures Technologies Pty Ltd, SMS expects to

commence studies for the Pakistan Air Force in the near future for the lifeextension

of one aircraft type and structural integrity planning and monitoring

using CVMTM for two other types.

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Hey All,

 

Nice bit of movement in the oppies today & a good sized order of 500,000

 

floating around ,researched these guys last weekend and are very impressed

 

with the potential of this company the only problem I have with them is the

 

amount of shares on issue 148,000,000 & oppies is 61,000,000 which expire

 

30th April 2007 ,not out of control by any-means but worth considering before

 

buying, A very helpful website and well worth a look http://www.smsystems.com.au.

 

I Hold FP`s & Oppies

 

Luck to Holders

 

Cheers Radd. http://www.sharescene.com/html/emoticons/biggrin.gif

 

 

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Hey All,

 

Nice bit of action in the oppies today up 25% and the fp`s not looking to shabby either.

 

Looks like average support for the fp`s {on screen} but there seems to be

 

consistent buying occuring ,worth putting on the watch list ,holding SMN & SMNO.

 

Luck to Holders

 

Cheers Radd. http://www.sharescene.com/html/emoticons/biggrin.gif

 

 

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In reply to: BSA on Tuesday 31/05/05 04:28pm

To keep this sort of momentum they will have to release some more news sooner rather that later. Something Re Airbus/FAA or Boeing would be good.

 

The pakistan contract equates to less than half a cent a share as there are around 150000000 shares on issue off the top of my head. At least it'll stop another capital raising hopefully.

 

I'm holding but am watching closely for weakness. It's had a good run up over the last few weeks.

 

Cheers

Badahur

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In reply to: badahur on Tuesday 31/05/05 03:01pm

Hey All,

 

This baby looks like its coming back to life , http://www.sharescene.com/html/emoticons/lmaosmiley.gif nice sized order floating around.

 

Radd. http://www.sharescene.com/html/emoticons/biggrin.gif

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