Structural Monitoring Systems Plc (ASX:SMN)

FAA approved structural health monitoring systems to slash aircraft maintenance costs.

About Us

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”.

Company Overview

Structural Monitoring Systems Plc is at the forefront of technological innovation in structural health monitoring, particularly in the aviation sector. Their groundbreaking CVM™ (Comparative Vacuum Monitoring) sensor technology is gaining traction for its ability to significantly reduce the frequency and cost associated with traditional aircraft maintenance inspections. In 2022, the company marked a milestone by receiving FAA approval for their technology to be used in the inspection of Wi-Fi antenna support structures on Boeing 737-800 aircraft. This approval not only underscores the technology's reliability and effectiveness but also sets the stage for broader adoption in aviation and other industries where structural integrity is critical.

The adoption of CVM™ technology allows for inspections to be conducted quickly and efficiently without the need to disassemble the aircraft, a process that typically requires significant time and resources. By integrating these sensors, Structural Monitoring Systems enables airlines to conduct real-time, in-situ inspections that streamline maintenance operations and enhance safety. This innovation represents a significant shift from traditional methods, promoting a more proactive approach to maintenance that can prevent failures before they occur.

Board & Management

Sam Wright

Sam Wright

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 Loechteken

Heinrich Loechteken

Non-Executive Director

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 Love

Ross Love

Executive Chairman

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.

Brian Wall

Brian Wall

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 Miletic

Miro Miletic

Non-Executive Director

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.

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