SMN - Structural Monitoring Systems

[emanon]

SMN - Penny stock with potential?

Have a look at SMN on the ASX. Structural Monitoring Systems has recently won a contract with Airbus with it's Comparitive Vacuum Monitoring technology. Other major manufactures are expressing interest.

 

[farmboy]

Re: SMN - Penny stock with potential?

Could be worth watching. Beta is only 0.75 but it has a big management team and at the moment there are more than four sellers for every prospective buyer. Still......

 

[sandy1066]

i have recently bought in to this company. maybe the time is right for its technology.similar to tzl in time ??

 

[Shtav1]

SMN Structural Monitoring Systems

SMS Vision


To produce remote crack detection sensor and instrument products based on the patented CVM™ principle that will radically reduce the cost of maintenance and vehicle or plant down-time associated with performing safety critical structural integrity NDT inspections. Durable, simple to design and manufacture, easy to install and use, highly reliable and with a benchmark crack detection capability, CVM™ technology has application in a broad range of commercial, military and industrial market sectors, specifically in air, land and sea transportation systems, power-generation systems, and industrial processing plants.

Joint Development Programs

Airbus – In-Flight Structural Integrity Monitoring capability development.
Boeing, Federal Aviation Administration (FAA), US Airline Operators – Boeing NDT Standard Practices Manual
Lockheed Martin / BAE SYSTEMS – Joint Strike Fighter structural Prognostic Health Monitoring capability trade study
European Aerospace Defence Systems (EADS) Military Aircraft - Maintenance Management System Structural Integrity Sensor evaluation program

Their SP has been really struggling for the past 6-12mths as their Governement funding was cut when Liberal was outed. As a result they have scaled back their operations and have recently completed a Rights Issue, where they raised enough capital to keep going. Companies were staying away until they sorted out their finance now that has been achieved, they are close to landing contracts with the above mentioned companies and various militaries.

http://www.smsystems.com.au/default.asp

 

[cutz]

G'Day Shtav1,

Are the sensors actually installed in any production aircraft ATM ?, Also you mentioned that they are in joint development quote "US Airline Operators – Boeing NDT Standard Practices Manual" what does this mean? I couldn’t find any mention on the website.

Thanks in advance.

 

[Glen48]

At the risk of sounding negative is there much future in Airlines? Boeing has just lay off a heap of workers and I assume there won't be much construction going on.
However at 9 c ex I am holding SMS

 

[Shtav1]

G'Day Shtav1,

Are the sensors actually installed in any production aircraft ATM ?, Also you mentioned that they are in joint development quote "US Airline Operators – Boeing NDT Standard Practices Manual" what does this mean? I couldn’t find any mention on the website.

Thanks in advance.

Hi Cutz,

I had a long response written mate but my comp froze and I lost it. Darn.

Take a look at this

http://www.smsystems.com.au/_content/documents/634.pdf

Sorry but I not going to go back over what I wrote and lost. In short though, companies are buying the test kit to test their own planes, after this stage they will ask for more equipment and sensors if the tests succeed. So far the news is great. It is taking along time for the company as there is so much red tape in the industryy, safety and all. SMS are at the forefront of the technology and manual testing procedures which are time consuming and costly will be replaced by either this technology or one like it.
As for being in the Boeing NDT manual it means they have tested it, liked it and now companies with Boeing planes can aproach SMS to hav ethe kit installed onto their fleet.
Also the share price is languashing because when the Libs got the boot a funding budget from the Gov ceased, and they ran out fo funds. Companies were staying away, but now SMS is cashed up they will approach again.

Hope that answers your questions.

 

[Shtav1]

At the risk of sounding negative is there much future in Airlines? Boeing has just lay off a heap of workers and I assume there won't be much construction going on.
However at 9 c ex I am holding SMS

Ah, funny you say that. Plane companies normally have to pull a plane out of service for roughly 3 days to inspect it manually. A lot of lost revenue results. SMS technology can be hooked up with ease and takes only half a day to have the plane completely checked for structural issues. Planes back in sky so more income. Also, they are beginnig to make planes with composite materials which are 30% lighter so less fuel consumption. SMS sensors work on this material also.
One more thing Glen48, most of the worlds plane fleet is considered old and SMS is looking to retrofit the technology onto these planes to get a more immediate income stream. The military is very interested. US, UK, China, OZ and others and this is the biggest market. Bridges in the US are old and they are looking at this and Bosch is checking it out for brakes etc.

Plenty of applications. In short anything that can crack the technology will work on. Providing it can adhere to it. Think nuclear reactors!!

 

[Glen48]

I didn't relaise they could retrofit which is good, crack testing use to be done with dyes and keen eye.
Might buy some more if that's the case.

 

[Shtav1]

I didn't relaise they could retrofit which is good, crack testing use to be done with dyes and keen eye.
Might buy some more if that's the case.

So you got your at 9c? I got mine at around the same after years of accumulating. To tell the truth when they announced the capital raising I thought in todays market it would be all over. Have spoken to the CEO and he is confident. As always time will tell. Highly spec stock.

 

[cutz]

Plane companies normally have to pull a plane out of service for roughly 3 days to inspect it manually. A lot of lost revenue results. SMS technology can be hooked up with ease and takes only half a day to have the plane completely checked for structural issues. Planes back in sky so more income.

Dudes, bit of a reality check,

You ain’t going to pull an airliner out of service and give it a complete structural inspection in half a day using SMS technology as has been described here; it may have limited applications on aircraft but definitely not the scenario you have just described. I think you may be barking up the wrong tree.

 

[Shtav1]

Dudes, bit of a reality check,

You ain’t going to pull an airliner out of service and give it a complete structural inspection in half a day using SMS technology as has been described here; it may have limited applications on aircraft but definitely not the scenario you have just described. I think you may be barking up the wrong tree.

I hear you. It may not be the half day check, but the plane is in the hanger for a fraction of the time as it would be if it was a manual inspection. Also they are looking to incorporate the technology into the inflight situation. That is they have gauges on deck to tell if there is a crack that could cause problems.

If you know otherwise please tell as I would be happy to tell the directors they are calling a bluff.

As for the tree. I aint here to do anything but tell info that the company has alreay released.

 

[Glen48]

I was under the impression they use fiber optic cable which can measure minute signals changes which means hooking it up to a PC and d/load the info. thereby not holding up the plane for days.
Maybe look the info at a later date?
I got 100K at 8C and a letter looking for more money so once they hit $1.00 I will be happy.

 

[Shtav1]

I was under the impression they use fiber optic cable which can measure minute signals changes which means hooking it up to a PC and d/load the info. thereby not holding up the plane for days.
Maybe look the info at a later date?
I got 100K at 8C and a letter looking for more money so once they hit $1.00 I will be happy.

Fingers crossed mate. I been looking for that $1 too Closest we got was 26c and then the reversal. If they go cash flow positive this year thats the first big step to the $1 mark.

 

[Shtav1]

Should be an interesting quarterly coming up. Orders coming through and they are almost cash flow neutral. CEO off to court the major companies and institutions on a global scale very soon. They are hoping to get an investor or strategic partner on board and this will allow access to more funds and therefore bigger opportunities. Up 10% today.

 

[cutz]

Yeah, not bad on 1 $1000 trade,

Should be interesting to see what will happens tommorrow, I’ll be waiting in anticipation

 

[Shtav1]

Yeah, not bad on 1 $1000 trade,

Should be interesting to see what will happens tommorrow, I’ll be waiting in anticipation

Ha, yeah should have stated 'on low turnover' but didn't want to speak too obviously. Sorry if I got your hopes up.

 

[Glen48]

SMN about the only Green in a sea of red must be a good sign?
Just hope there is enough industrial building left going on around the World for these bloke to sell a few systems.

 

[Shtav1]

So Glen, are you as nervous as I about this languishing stock in a real bad economy? Going to be difficult to get the investor they after.

 

[Shtav]

A nice rally from .5c to 2.5cents in the past week on increased turnover. They have said they have news pending this month regarding potential investor to finally have this company do what it started out to do many years ago.
Owes me 7.5c so will hold until it goes way beyond this