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

Reuters
11 Feb
BUZZ-Australia's Structural Monitoring Systems gains on product getting U.S. nod

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10