Structural Monitoring Systems Plc

As we move into an important growth phase for the Company, we commissioned RaaS Advisory (“RaaS”) to produce an independent overview and valuation of the Company.   It outlines a short and medium term investment case for the Company, forecasting revenue growth for 2025 based on the research, performance against peers and provides a valuation based on a comprehensive set of factors for investors to consider. Please click on the link supplied below to read the report in full. If you are a shareholder please head to our website https://lnkd.in/grBWinXa to register your email and receive communications via email.

SMS Chairman and CEO Ross Love and AEM (Anodyne Electronics Manufacturing Corp.) Group Chief Technical Officer Trevor Lynch-Staunton are on the ground at the Airlines for America NDT Forum in Nashville this week with our training partner Testia, an Airbus Company. Stop by and see the team if you are in attendance. #NDT #SHM

Structural Monitoring Systems (ASX:SMN) has released Appendix 4E Preliminary Final Report for FY24 noting revenues from ordinary activities up 25%. SMS and its Canadian based wholly owned subsidiary AEM (Anodyne Electronics Manufacturing Corp.) recorded record total sales for the 2024 financial year (FY24) of $27.95m, up 25% on the year prior. Visit our investor centre to read the announcement in full. https://lnkd.in/gCni874s

Structural Monitoring Systems today provided the following update to the ASX regarding Boeing Technical Design Review's confirmation of the successful completion of all outstanding Aft Pressure Bulkhead tests. SMS Chairman and Chief Executive Officer Ross Love commented: “As Chairman and CEO, I am pleased to provide a further update on our July 16 announcement regarding the progress towards Federal Aviation Administration (FAA) certification for our smart sensor solution for Aft Pressure Bulkhead inspections. “This further update follows the advice we received from Boeing on August 2 that their Technical Design Review (TDR) meeting has closed off all outstanding technical design issues arising form their initial review in February this year. “The next step is the final compilation by the engineers and review by the E-UM of the compliance summary report, which is the entirety of all of the compliance package, including all data accumulated and substantiation claims. This is likely to take at least six weeks, as expected.” SMS Group Chief Technical Officer Trevor Lynch-Staunton P.Eng commented: “This means that the critical technical concerns for the program have been resolved and we are compiling the documents now for application to the FAA. “However, there are still several steps remaining in the process - both within Boeing and then within the FAA - as we have previously advised. “However, we have no reason to believe that these additional steps won't be completed successfully, but at the same time we cannot guarantee that they will, nor when they will,” he said. SMS Chairman and CEO Ross Love further commented: "This is a very detailed technical review process and achieving today’s milestone confirms the confidence we have been expressing in both the process and the outcome, even though we might have wished for it to have been achieved earlier. "It significantly increases the confidence with which we can continue our engagement with important potential customers -along with our currently contracted customer Delta Air Lines - for our Aft Pressure Bulkhead application and our confidence to pursue new applications, many of which we are already progressing. “I look forward to providing further updates as the remaining milestones are met, as well as on the implications for our current budget and forecasts as we complete that assessment in the coming weeks. “I would like to reiterate my thanks to our own technical team, as well as those at Boeing and Delta Air Lines, for their calm and professional persistence in achieving today's result, as well as to our loyal, and patient, shareholders who have funded this long and continuing journey to CVMTM commercialisation." Please head to https://lnkd.in/gCni874s to read today's announcement in full. Ross Love Trevor Lynch-Staunton P.Eng Sam Wright Gary Elwell AEM (Anodyne Electronics Manufacturing Corp.) Geoffrey Thomas

Structural Monitoring systems Plc (“SMS” or “the Company”) (ASX:SMN) today provided the following update to the ASX regarding progress of the Aft Pressure Bulkhead certification process ahead of the release of the June 2024 Quarterly Report. SMS Chairman Ross Love commented: I would like to take the opportunity ahead of the release of our forthcoming quarterly report to provide you with some further information on the progress of the certification of our CVMTM Smart Sensors for the Aft Pressure Bulkhead inspection – Boeing Service Bulletin 737-53-1418. We announced on 6 June 2024 that Boeing was undergoing evaluations of the final tests, which were completed in May, with the expectation that the evaluation process would be completed by the end of June, for consideration by the Structures Technical Design Review which was initially scheduled for July 24. We are now advised that this meeting will take place on August 1, due to the availability of review members during the holiday season. While this further delay is frustrating, we have no choice but to accept it – and the fact that we have no information on the likely outcome beyond knowing that the tests appear to have been successful. We are encouraged by what we have been told about the outcome of the final tests, and by the continuing progress towards other key milestones. The current milestones and associated timeline as provided to us by Boeing is as follows: Updated CVMTM anticipated timeline May 2024 – Circulation of draft copy of proposed new service bulletin to the four largest US carriers (South West, United, Delta, American) COMPLETED June 2024 -  Completion of Low-Stress Coord Sheet Test Requirements CONFIRMED July 17 2024 –Cert Plan resubmitted to FAA (& send to EASA) Aug 1 2024 - o Boeing Structures Technical Design Review Meeting Aug 15 2024 – FAA acceptance of Cert Plan (may get impacted by delayed submission -was Jul 31) Aug 30 2024 –Cert Plan Deliverables completed (was Jul 31) Sep 3 2024 –CVM deliverables to routed to Boeing ODA for approval / recommend approval (was Aug 1) TBD – Submit CVM deliverables to FAA (Service Bulletins & Compliance Report) (was Sep 30) TBD – FAA Approval of Deliverables (was Dec 2) TBD – SB Release with AMOC (was Dec 20) Please head to https://lnkd.in/gCni874s to read the announcement in full.

The SMS and AEM (Anodyne Electronics Manufacturing Corp.) teams have been working collaboratively over the past few months to refresh the digital presence of Structural Monitoring Systems plc (SMS). In short, we have developed a new corporate web domain and a redesigned investor relations website that we feel more accurately represents the company and its business segments in 2024 and beyond. We believe the new site better aligns our brand and visual identity refines the SMS corporate narrative more accurately and shows a clearer link between our SMS corporate entity, our wholly owned subsidiary AEM, and our three (3) separate business segments: AEM Avionics, AEM Contract Manufacturing and AEM Comparative Vacuum Monitoring (CVM™). The main objective of the new domain and updated website is to more accurately position the SMS corporate entity and its digital property as an investor relations channel which will provide more accurate and up to date information as it is released to the market. Moving away from the .au domain also ensures we can grow and scale into the future and further demonstrates that we are in fact a global company that has evolved beyond its Australian roots. You can visit new website at https://lnkd.in/g3VZAvj6

Structural Monitoring Systems Appendix 4C and March 2024 Quarterly Update Structural Monitoring Systems Plc (“SMS” or “the Company”) (ASX: SMN) has now lodged the following Quarterly Update summarising group performance and prior releases lodged during the quarter ending 31 March 2024. Highlights · The Group recorded EBITDA of $624K during the March quarter, against $129K on the corresponding quarter in the year prior. This can be attributed to the continued growth of the AEM Contract manufacturing and Avionics business segments. · Wholly owned Canadian subsidiary, Anodyne Electronics Manufacturing Corp. (AEM), recorded gross revenue for the quarter of $6.67m up 14% on the corresponding quarter in the year prior. Both the AEM Avionics and Contract Manufacturing business segments continue to perform strongly growing across all key metrics contributing to achieve this solid result. · SMS Group recorded positive cashflows from operating activities of $0.11m in the March quarter and $1.08m in the year to date. · The forward orders outlook remains strong with those for the June 2024 quarter currently sitting at $5.88m. Orders for the corresponding period in the prior year were $4.81m, an increase of 22%. · AEM announced in April that its new modern MTP136D forest service radio had received critical Federal Communication Commission (FCC) and Innovation, Science and Economic Development Canada (ISED) certifications. The certifications pave the way for acceptance by the United States Forest Service (USFS), and a pending Supplemental Type Certificate (STC). · AEM secured a partnership expansion with Texas Aerospace Technologies, a subsidiary of Texas Aerospace Services, to add AEM’s new MTP136D modern panel-mount P25 VHF FM Forest Service radio to its lineup of product offerings for their Latin American customers. · The broader management team and board remains focused on its ongoing expansion into key international markets with AEM announcing a new distribution agreement with South African-based Safomar Technologies in February 2024. · The AEM team continues to work towards completion of the final testing procedures required to progress the certification of the Company’s CVM™ Smart Sensors for the Aft Pressure Bulkhead (APB) inspection – Boeing Service Bulletin 737-53A1248. · The installation program and delivery schedule for Delta Air Lines continues to be met and ensures installation of APB kits across the entire fleet with contract guarantees for payment once the final certification is issued. · SMS, with the assistance of the AEM IT and marketing teams, will soon launch a new website and digital presence that more effectively links both IT platforms and is a reflection of their ongoing integration and consolidation of both entities. Coupons ready for testing in the Boeing laboratory below. Please head to the ASX website or smsystems.com.au to read the quarterly report in full.

Important recognition for AEM (Anodyne Electronics Manufacturing Corp.)'s new forest radio service. Read the full article in Fire and Safety Journal Americas below. #avionics #innovation

Structural Monitoring Systems' wholly owned subsidiary AEM (Anodyne Electronics Manufacturing Corp.) continues to excel in the avionics space receiving critical FCC and ISED certification for its MTP136D forest service radio. Read the full post via the link below.

SMS Executive Chairman Ross Love, AEM (Anodyne Electronics Manufacturing Corp.) Group COO Taylor Wylie and the team will be heading to Chicago next week for Aviation Week Network's annual MRO Americas promoting the company's groundbreaking Comparative Vacuum Monitoring sensor technology to the more than 16,000 registered attendees from across the US and the world. #AviationWeek #MROAM #CVM #technology