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global fleet of Airbus aircraft, comes after three years of extensive testing simulating performance in the harshest
aircraft operating environments.
March 27, 2008 – SMS announced that Bombardier Aerospace of Montreal, Canada, is the latest major aircraft
designer and manufacturer to have successfully evaluated its CVMTM structural health monitoring technology.
Bombardier has authorized SMS to quote that “Bombardier Aerospace has invested in the CVMTM systems and sees a
future for the technology in reduced maintenance costs.”
February 29, 2008 – SMS announced the half-yearly performance reviews and declared its financial results for the six
months ending December 31, 2007. The consolidated entity incurred a loss of $1,861,192 for the six month period.
The net cash outflows from operating activities totaled $2,444,558.
January 31, 2008 – The company announced the quarterly performance results and declared its financials for the
quarter ending December 31, 2007.
November 23, 2007 – SMS announced the result of the issues discussed in its Annual General Meeting. The
important decisions taken were the re-appointment of Robin Dean and Rosalind Dubs on the Board and re-appointing
the company’s auditors for the current financial year.
September 28, 2007 – The company submitted its financial results for the year ending June 30, 2007. The operating
loss, after income tax, aggregated $2,973,397 for the year as against $3,770,114 in 2006.
August 27, 2007 – SMS announced the accreditation of its Comparative Vacuum Technology (CVMTM) for use on
Australian Defense Force (ADF) aircraft. ADF had conducted substantial testing and validation with regard to
CVMTM technology. On the basis of the reviews, CVMTM technology is assessed to be a suitable and acceptable
structural integrity inspection technology for use on ADF aircraft.
July 20, 2007 – The Company announced the appointment of Dr. Rosalind Dubs as a Non-executive Director on the
company’s Board. Dr. Dubs holds extensive commercial and technical expertise in managing large international
engineering organizations. She is expected to guide the commercialization of the company’s structural health
monitoring (SHM) technologies and its future development.
April 18, 2007 – SMS announced its agreement with Airbus, the leading European commercial aircraft manufacturer.
Under this agreement, Airbus would evaluate the CVMTM technology and new advanced strain gauge technologies.
© Khandaker Partners. All rights reserved. The information and data contained herein is not warranted or represented to be accurate and complete.
This report is intended for U.S. residents and for information purposes only and should not be considered as advice or solicitation to buy or sell any
Security.
These technologies would be incorporated into the structural components of an aircraft and as an integral part of the
SHM systems, which are being developed currently, for its two new aircraft models.
March 30, 2007 – The Company commissioned a research report from W H Ireland Ltd., a member of the London
Stock Exchange (LSE). The report contains an overview of its details regarding technologies, along with forecasts for
profits, cash flows and share valuations.
March 27, 2007 – SMS announced that its Managing Director, Mr. Mark Vellacott, received the Top 10 Industry
Achievers 2006 award from Aviation Business Asia Pacific magazine for the successful development and
commercialization of products used in testing and monitoring of materials that are subject to operational stress and
fatigue.
March 20, 2007 – The Company announced its deal with an Australian University to acquire an exclusive license for
a revolutionary strain measurement technology for application in the aerospace industry. The newly developed
polymer nanotechnology based material is expected to overcome the shortcomings of the existing metal strain
measuring technologies. The new technology is likely to provide a quantum leap in sensitivity and durability, and
requires very low power input to operate the sensor.
March 8, 2007 – SMS announced an agreement with Boeing to include the CVMTM technology into Boeing’s
common method – Non Destructive Testing (NDT) methods. The recognition of the CVMTM crack detection sensor
monitoring technology as a standard NDT method is the first of its kind in the aviation industry and represents a
major breakthrough for the company’s unique technology.
© Khandaker Partners. All rights reserved. The information and data contained herein is not warranted or represented to be accurate and complete.
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