Structural Monitoring Systems (ASX:SMN) is developing technology to perform non-destructive testing and inspection (NDT/NDI) of critical structures and components of infrastructure especially aircraft and aerospace structures and their Comparative Vacuum Monitoring (CVM), recently received world first FAA approval. A novel method for in-situ, monitoring of crack initiation and/or propagation CVM™ uses the principle that a vacuum maintained within a small volume is extremely sensitive to leakage. SMN also operates its wholly owned subsidiary Anodyne Electronics Manufacturing Corp (AEM) which provides customer-driven solutions to the aviation industry with the design, development, and manufacture of avionics products. AEM recorded A$15.62m in revenue and normalised EBITDA of A$3.36m for FY21 and in September AEM, purchased a key avionics division, Eagle Audio.
Structural Monitoring Systems Plc (ASX:SMN)
Structural Monitoring Systems is engaged in the development and commercialization of its CVM™ sensor technology. Our sensors are designed as a replacement to existing non-destructive inspection (NDI) techniques to streamline identifying and/or monitoring cracks in metal structures, and can be operated as an “early warning system”.
CVM Smart Sensor Solutions
Ground-breaking FAA Approval
On the 7th of March 2022, SMN announced that the US Federal Aviation Administration (FAA) had granted its authority to issue a Supplementary Type Certificate (STC) approval for using CVM sensor technology on the b737-800 Intelsat (Gogo) Wi-fi antenna support structure inspection.
This certification will enable operators of B737-800 planes to perform this specific inspection using CVM sensors in lieu of the traditional handheld Eddy Current probes currently utilised for this inspection.
Traditionally this inspection requires the aircaft to be moved back to the hangar for the removal of overhead ceiling panels, pneumatic ducting and insulation blankets.
Conversely, inspection of CVM sensors can be performed at the gate, during a flight turnaround, in a period of approximately 30 minutes. The approval of CVM use in this case paves the way for further applications to be approved such as the B737 Aft pressure bulkhead programme being conducted by SMN in collaboration with Boeing and Delta Air Lines.
Board & Management
Director & Company Secretary
Sam Wright has 20 years’ experience in the administration of ASX listed companies, corporate governance and corporate finance. He is a member of the Australian Institute of Company Directors, the Financial Services Institute of Australasia, and the Chartered Secretaries of Australia. Mr Wright is currently a Director of ASX listed companies, PharmAust Limited, Reach Resources Limited and Structural Monitoring Systems plc. Mr Wright is Company Secretary for ASX and Börse Frankfurt dual listed companies, Buxton Resources Limited and Wide Open Agriculture Limited. He also fills the role of Director and Company Secretary with several unlisted companies. Mr Wright is the Managing Director of Perth-based corporate advisory firm Straight Lines Consultancy, specialising in the provision of corporate services to public companies. Mr Wright has extensive experience in relation to public company responsibilities, including ASX and ASIC compliance, control and implementation of corporate governance, statutory financial reporting, and shareholder relations with both retail and institutional investors.
Heinrich has held a variety of executive roles in the aviation and corporate finance fields and has a deep understanding of aircraft leasing and a strong track record of financial and operational restructuring of companies ahead of sale or IPO. He is currently the CEO of JLPS Ireland Limited, which offers transportation leasing services encompassing aircraft, ships, maritime containers and solar power generation equipment. Prior to taking on his current CEO role, Heinrich held senior executive roles at MC Aviation Partners, International Lease Finance Corporation and AerCap.
Ross is an experienced executive and consultant with wide public and private sector experience in developing and executing policy reforms and business strategy transformations in Australia and the United States. He has worked with senior decision makers in Government including at State and Commonwealth level in Australia, the State and City Governments of New York and the UN, as well as with Executive teams and Boards in the Corporate and Non-Profit Sectors. Formerly a Senior Partner at The Boston Consulting Group, where he worked for over 25 years, Ross was most recently as head of its New York business and prior to that its Australia and New Zealand business.
Chief Executive Officer - Anodyne Electronics Manufacturing Corp
Brian has held just a few leadership roles in his professional 35 year career and appreciates the value of lessons learnt in each of them. Having had the privilege of working with organizations such as Cintas, Troika Ventures, The Pattison Group and currently AEM, Brian leads by the examples of John Maxwell and Patrick Lencioni. From his early years as a commercial pilot and throughout, Brian attributes communication and concise direction as the critical components required to lead organization through the jungles of today’s realities. People are the single greatest asset that determine the health and success of any organization.
Miro is the Managing Director and Founder of MEMKO Pty Ltd and has an impressive track record of leadership and achievement in the Australian and international aerospace industries. His previous leadership positions include Director Engineering & Quality Assurance and Australia Manager Business Development and Planning at The Boeing Company Australia. His contribution to the fields of aviation and aerospace were recognised with an Honorary Doctorate in Engineering (Aerospace) by RMIT University in Melbourne in 2012. He is currently the CEO of JLPS Ireland Limited, which offers transportation leasing services encompassing aircraft, ships, maritime containers and solar power generation equipment. Prior to taking on his current CEO role, Heinrich held senior executive roles at MC Aviation Partners, International Lease Finance Corporation and AerCap.