Update on Aft Pressure Bulkhead FAA certification

Structural Monitoring Systems Plc (SMS) (ASX: $SMN) has issued an update on the progress of the certification of their CVM™ Smart Sensors for the Aft Pressure Bulkhead inspection - Boeing Service Bulletin 737-53-1418. The evaluation process, initially scheduled for completion by the end of June, has been delayed to August 1, 2024, due to the availability of review members during the holiday season.

Chairman's Commentary on Certification Progress

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 CVM™ Smart Sensors for the Aft Pressure Bulkhead inspection - Boeing Service Bulletin 737-53-1418. 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. While this further delay is frustrating, we have no choice but to accept it, and we expect a more certain milestone plan after the Technical Design Review. Regardless of this process, Boeing have agreed to my request for a meeting in the coming weeks to align on our expectations for a conclusion, and to discuss their next priorities for our technology.

Summary of Aft Pressure Bulkhead FAA Certification Update

Structural Monitoring Systems Plc (SMS) (ASX: $SMN) has provided an update on the progress of the certification of their CVM™ Smart Sensors for the Aft Pressure Bulkhead inspection. The evaluation process, initially scheduled for completion by the end of June, has been delayed to August 1, 2024, due to the availability of review members during the holiday season. The company's Chairman, Ross Love, expressed frustration over the delay but remains positive about a successful outcome. Boeing have agreed to a meeting in the coming weeks to align on expectations for a conclusion and discuss their next priorities for the technology. SMS continues to engage with potential customers and progress further potential applications.