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SMN, STRUCTURAL MONITORING SYSTEMS PLC
nipper
post Posted: Apr 23 2019, 01:09 PM
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In Reply To: dr_dazmo's post @ Apr 22 2019, 11:50 PM

QUOTE
....Nothing moves quickly in the aviation world, typically, so it’s been a work in progress to gain that credibility and placement. ...
- interesting comment, too... lead times, reputation, 100% safety



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

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dr_dazmo
post Posted: Apr 22 2019, 11:50 PM
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Hi All,
This is dated April 2019, so I assume it's new.
Interesting comment on "actively" looking for acquisitions.

It would be nice to seem some comment on CVM, but I guess the article is really about AEM & what they have to offer.

Cheers
Dr_Dazmo

https://www.verticalmag.com/leading-by-design/


Leading by design
Posted on April 17, 2019 by Ben Forrest

In 2009, when avionics maker Northern Airborne Technology (NAT) decided to close its manufacturing operations in Canada, a group of employees recognized an opportunity they couldn’t pass up.

There was still considerable demand for NAT products in the marketplace, and the talent pool left behind at its facility in Kelowna, British Columbia, was second-to-none.

So, they banded together to form Anodyne Electronics Manufacturing Corp. (AEM). This new company continued to contract-manufacture and service the former NAT products while developing new products of its own–a signature line that has become one of the most trusted in the helicopter industry.

“We’re constantly being approached for new products and new projects, as well,” said Tony Weller, director of sales and marketing for AEM. “Nothing moves quickly in the aviation world, typically, so it’s been a work in progress to gain that credibility and placement. But it continues to pay dividends: we’re being asked for by name.”

AEM now has more than 90 employees based in Kelowna who design, manufacture and support avionics, aircraft audio systems, intercoms, tactical FM radio systems, illuminated panels and display products, internal and external PA (public address) systems, audio amplifiers, audio adapters, and remote switch assemblies.

The company is a Transport Canada approved manufacturer and maintenance organization, has European Aviation Safety Agency Part 145 approval, and is ISO9001/AS9100D registered.

Its broad customer base spans the entire rotorcraft industry worldwide, from small independent operators to major original equipment manufacturers.

AEM is an approved supplier for Airbus Helicopters, Leonardo Helicopters, Boeing Helicopters, Bell, Sikorsky, Hindustan Aeronautics and Embraer, among others, with several long-term agreements in place.

Quite simply, AEM is leading by design.

“The systems and the categories that we operate in,” said Weller, “we’re ahead of the game. That’s for sure.”

In the past year, SMS Canada Corp., a wholly owned subsidiary of Structural Monitoring Systems plc of Australia, acquired AEM.

AEM and SMS had worked together for years to develop, produce and certify structural health monitoring technology, which the U.S. Federal Aviation Administration approved in 2018.

The merger puts AEM on excellent financial footing, with more capital at its disposal than ever before.

“Anything we decide we want to embark on now, or products that we wish to entertain, or different avenues we want to take, the capital investment is available,” said Brian Wall, general manager of AEM.

In fact, “AEM is actively looking for like companies to acquire that complement our existing product line,” said Wall.

The company isn’t releasing specific details about which new products will hit the market in the months ahead just yet, but the same commitment to quality and unparalleled customer service remains in place.

“I think when readers see the words ‘AEM’ and ‘audio’ in the same sentence or paragraph, it’ll make sense to them,” said Weller. “They know where we’re probably headed.”

Overall, AEM continues to be a key provider in airborne law enforcement, firefighting and helicopter emergency medical services, which were all staple markets for NAT, as well.

As for the company’s focus on quality, said Wall, “We realize the importance quality has in the industry. Failures in the aerospace industry don’t go over well at all, and we’ve got a very solid track record of delivering a quality product to the market, on time.”

AEM modeled its corporate culture on the culture at NAT. It focuses on the customer, teamwork and continuous improvement.

“It’s an important part of our recruitment processes,” said Weller. “We’re looking for people who fit that mold, where quality is important to them–where they actually care about what they’re doing. They understand the need for a quality system and why we need to abide by it, and what that means for our customers.

“So, there’s a real sense of pride within our organization that when our product goes out the door to the customer, it is a quality piece.”

AEM is a Tier 1 supplier to some providers and a Tier 2 to others. As Wall noted, contracts for both sets of customers have stringent quality control mechanisms.

“We take pride in where we peg ourselves on achieving those goals and accomplishments,” he said.

Going forward, AEM remains focused on leading by design, guided by the same values and commitment to quality that have been with it from the very start.

Look to AEM for some new things coming down the line,” said Wall. “We have a strong background within our R&D department in the audio realm, and we’re looking to make some new product launches in the next 12 to 18 months. They’re going to be some pretty unique products, as we look to innovate with the new ideas we have percolating around here.”

Posted in Insight



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dr_dazmo
post Posted: Apr 15 2019, 03:45 PM
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Hi All,
Just wondering if this (see below) will mean that B737-NG aircraft (among others) will reach their inspection cycle thresholds sooner?
My question is based on the assumption that with B757-Max grounded, the other aircraft types in the various operator's fleets will have to pick up as much of the slack as possible.
Cheers
Dr_Dazmo

http://time.com/5570282/american-airlines-cancels-boeing-737-max/
(NEW YORK) — American Airlines is canceling 115 flights per day through mid-August because of ongoing problems with the Boeing 737 Max aircraft.

The cancellations represent 1.5% of American’s total flights each day of the summer.







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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Apr 15 2019, 11:49 AM
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In Reply To: dr_dazmo's post @ Apr 15 2019, 09:36 AM

Hi All,
Mr. Market seems to like the news that things are progressing. biggrin.gif
Cheers
Dr_Dazmo




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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Apr 15 2019, 09:36 AM
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Hi All,Announcement out:
"Major CVM installations on Multiple Aircraft, Multiple Fleets and Progress re 2KU WiFi Programme Approval"
Hammer time??
Cheers
Dr_Dazmo




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Always remember the Golden Rule - Those with the Gold make the Rules!

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dr_dazmo
post Posted: Apr 3 2019, 05:52 PM
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In Reply To: dr_dazmo's post @ Apr 3 2019, 05:50 PM

Hi All,
Speaking of 757's.

https://www.forbes.com/sites/samuelengel1/2019/04/02/amazon-and-alibaba-have-saved-a-legacy-boeing-aircraft-before-will-it-happen-again/#6b6dad705f37

Now entering their golden years, many of the remaining 640-or-so 757-200s are finding new homes as freighter aircraft. A production freighter version of the 757 proved itself in the UPS fleet starting in 1987, but only 80 OEM freighters were ultimately delivered (mostly to UPS). Since then, several companies have offered conversion programs for the passenger variants. Precision Aircraft Solutions has been converting about 20 aircraft per year for the past several years. FedEx alone took 120 converted freighters, making up just over 25% of its active fleet, while DHL Air operates 25 aircraft.

Cheers
Dr_Dazmo



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Always remember the Golden Rule - Those with the Gold make the Rules!
 


dr_dazmo
post Posted: Apr 3 2019, 05:50 PM
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Hi All,

Finally it was confirmed to the ASX today that in keeping with the time line most recently announced, the initial Delta 757 installations have now been completed.

Although the CVM kits were supplied to Delta free of charge, IMO the true value lies in the continuation of the relationship building with Delta & also in the training provided to FlightStar staff.

(As previously posted, FlightStar perform the C-Checks for Fedex who operate 119 of the 757 aircraft.)

I guess some may focus on the provision of the kits for "free" rather than considering the bigger picture, but personally, I suspect this is only the first of many positive announcements to follow.

Cheers
Dr_Dazmo





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Always remember the Golden Rule - Those with the Gold make the Rules!

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dr_dazmo
post Posted: Mar 19 2019, 06:36 AM
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Hi All,
I thought this was interesting given the agreement between SMN & Delta Airlines.
Cheers
Dr_Dazmo

https://www.cnbc.com/2019/02/21/delta-air-lines-opens-worlds-largest-engine-test-cell-for-growing-mainenance-business.html
Delta Air Lines on Thursday unveiled a jet engine test facility it says is the largest in the world. It’s the airline’s latest bid to grow its aircraft maintenance business eightfold over the next five years by fixing its own planes and those of other airlines.

Delta TechOps, the carrier’s maintenance unit, fixes and maintains Delta’s fleet but also performs work for other airlines and the U.S. military. Delta TechOps was profitable last year, the airline said, but makes up a tiny part of its overall revenue. Last year it brought in more than $700 million, the carrier said in an investor presentation last December, compared with overall revenue of more than $44 billion.





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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Mar 11 2019, 08:58 AM
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Hi All,

Came across the below FedEx presentation which I thought was interesting on a couple of fronts:

FedEx operate 119 Boeing 757 aircraft (making them the second largest operator after Delta); and

Their C-Checks on those 757's are preformed by Flight Star MRO in Florida (who are also doing the scheduled CVM installations for Delta this month)


http://mromarketing.aviationweek.com/downloads/mro2018/presentations/11-230P-FedExSOTA.pdf


Cheers

Dr_Dazmo




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Always remember the Golden Rule - Those with the Gold make the Rules!
 
dr_dazmo
post Posted: Mar 7 2019, 06:31 AM
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Hi All,I see it was announced late yesterday that SMN has issued 713,640 CDI's to AEM employees.
The issue included 438,961 issued for nil consideration, and 274,679 issued at $0.77/share under the employee incentive scheme.
Some may disagree, however, I personally think that schemes of this nature, so long as they are well managed, are a great incentive to employees!
I hope that the issue was taken up by as many employees as possible, and across all levels of the organization.

Cheers
Dr_Dazmo






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Always remember the Golden Rule - Those with the Gold make the Rules!

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