Australia's Structural Monitoring Systems gains on product getting U.S. nod

Structural Monitoring Systems

11/02/2025 03:28

** Structural Monitoring Systems  SMN.AX  rises 1% to
A$0.485
    ** Stock climbed as much as 3.1% earlier in the day, marking
its biggest intraday pct gain since January 23
    ** Electronic products manufacturer's unit gets approval for
its MTP136D Panel-Mount Forest Service Radio from the United
States Forest Service and Department of the Interior
    ** Says approval authorises radio's use in all federally
regulated aerial firefighting agency and contractor aircraft
across U.S.
    ** Adds radio can now access its full addressable market of
more than 3,000 applicable aircraft fit to be upgraded to the
MTP136D from existing legacy tech
    ** More than 185,000 shares traded, 2.1x the 30-day avg
    ** SMN rose 3.2% last month

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))