Australia's Structural Monitoring Systems soars on securing U.S. certification

Structural Monitoring Systems

07/03/2022 03:16

** Shares of electronics products maker Structural
Monitoring Systems PLC  SMN.AX  surge as much as 91.2% to
A$1.30, their highest since Sept. 4, 2018
    ** Co says the U.S. Federal Aviation Administration (FAA)
said it would issue a Supplemental Type Certificate (STC)
approval for using co's CVM Sensor technology on B737-800
aircraft  urn:newsml:reuters.com:*:nASX6jqCT4
    ** CVM Sensor can be used to perform inspections on
aircraft, such as detect cracks 
    ** Stock posts its biggest intraday percentage gain since
March 24, 2020
    ** Over 1.2 mln shares change hands, vs 30-day average
volume of ~69,000
    ** Stock up 8.8% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))