CORPORATE OVERVIEW

CORPORATE OVERVIEW

History shows a need for accurate, reliable, in-situ monitoring of the structural integrity of aircraft, bridges, pipelines and buildings.

Once tested, a structure is assumed to be safe until the next inspection. However, much can occur to the structure before the next periodic test. Aside from this uncertainty, manual testing is a re-occurring, labor-intensive procedure that is subject to human error and misinterpretation.

Early techniques developed to assist manual inspection included visual & magnetic testing and dye penetration. These techniques were focused on surface defects only. Subsequent techniques such as x-ray, eddy current and ultrasonic technologies could detect internal flaws in materials.

corporate overview

The need to monitor structures became known as Structural Health Monitoring, and it is in this category that Structural Monitoring Systems Comparative Vacuum Monitoring (CVM™) technology is the forerunner.

The aviation industry provides a great array of applications and programs for full commercialization of the CVM™ technology platform. As such, SMS has undertaken and completed multiple civilian programs to gain full certification for the use of CVM™ from both regulators and key aerospace OEMs.

Looking ahead, CVM™ will aim to be the routinely accepted method for performing periodic, continual maintenance on all aircraft types worldwide.

AEM CORP

In December 2017, SMS completed the acquisition of Anodyne Electronics Manufacturing Corporation (“AEM”).

AEM is SMS’s aerospace-certified contract manufacturer, and independently is a leading designer and manufacturer of a wide range of aerospace products.

The acquisition resulted in fully integrated R&D, manufacturing, distribution and back-office logistics for SMS’s CVM™ sensors, and full range of related peripheral equipment.

The purchase of AEM allows SMS to fully oversee, control and vertically integrate the critical manufacturing, engineering and testing of the Company’s CVM™ technology platform.

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Board of Directors

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 (BCG), 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 and was Global Head of BCG’s Airline Practice from 2004-2008.
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.

Miro Miletic
Non-Executive Director

Miro Miletic is the Managing Director and founder of MEMKO PTY LTD with an impressive record of leadership and achievement in both the Australian and international aerospace industries.

His contribution to the field of Aviation and Aerospace was recognised by the award of a Honorary Doctorate in Engineering (Aerospace) by RMIT University, Melbourne Australia.

During his professional career, he has worked on a range of large commercial and military aircraft projects and has held a number of senior leadership positions including Director Engineering & Quality Assurance and Manager of Business Development and Planning with the Boeing Company Australia.

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.

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.

Staff Profiles

Rich Poutier
Executive Vice President Business Development, Global Sales and Marketing

Mr Poutier has a highly accomplished three-decade career track of strategic and tactical leadership in the management of advanced technology aircraft and technical operations within the airline industry. He began his career as an airline mechanic and quickly advanced into management roles. He has proven expertise in negotiating Airframe and Engine Maintenance MRO agreements, sales/trade agreements, purchase agreements, aircraft lease agreements, and cultivating key vendor, customer and government regulatory relationships. Previous work experience includes Maintenance Manager at Continental airlines (now United), Senior Vice President at International Lease Finance Corporation (“ILFC”) responsible for the Company’s global Technical Services Department which interfaced with airlines maintenance and engineering providers and regulatory authorities around the globe for aircraft and engine-related issues. ILFC (now AerCap) is the world’s largest aircraft lessor by value, and primarily leases Boeing, Airbus and Embraer aircraft to ~200 airlines in 80 countries.

Trevor Lynch-Staunton P.Eng
Chief Technology Officer, Anodyne Electronics Manufacturing Corp

Trevor is Chief Technology Officer for SMS at Anodyne Electronics Manufacturing, Head of the Transport pending Canada Design Approval Organization at AEM for certification, as well as RF Project Manager. His long history of developing avionics provides the experience required to ensure that CVM technology takes off, both figuratively and literally, as he leads the technology development at SMS.

Trevor’s long list of technological achievements includes, receipt of the A4A-SAE Better Way Award for the First Commercial Application of Structural Health Monitoring, design of the world’s best sounding and performing audio DAC and ADC, development of the first panel mounted APCO P25 Digital radios for aircraft use, design and testing of products for compliance of DO-160, FCC, IC, and a number of military specifications. During his 20 years of industry experience, he has also worked in a photonics startup, customer support, and automated test engineering.

He holds a Professional Engineer designation and received his B.Eng. from the University of Victoria, and an Electronics Engineering Diploma from the British Columbia Institute of Technology. Prior to his 8 years with AEM, Trevor has worked for Nortel in the photonics research group, for Scientific Atlanta in RF design, Norsat as an RF Design Engineer, Northern Airborne Technology as an RF Design Engineer, and then ESS Technology as an Analog Design Engineer, designing mixed signal CMOS.

Richard Tantalo
SMS Aircraft Technical Consultant

Rick has more than 38 years aircraft maintenance experience at United Airlines Technical Operations encompassing the entire arena of heavy maintenance checks, major modifications, line maintenance, and complete day to day airline operations. His most recent position required him to oversee all work performed by Outside Vendor maintenance facilities for United over the past 8 years, retiring from United in January 2022. He has performed oversite duties on Heavy Maintenance Visits, C and D level checks on all United Airlines narrow-body aircraft.

Rick’s understanding of heavy maintenance on commercial aircraft and procedural background is expected to enhance SMS’s ability to identify new potential inspection areas for CVM implementation.

Gary Elwell
Chief Financial Officer

Gary is a finance professional with 20 years of experience in senior accounting roles (CFO/Financial Controller) with Australian and UK public companies. He has extensive experience in IPOs, mergers, acquisitions, backdoor listings, audits, ASX reporting and financial reporting.

Gary is currently advising a number of ASX-listed companies including Aruma Resources Limited, Buxton Resources Limited, Strategic Elements Limited, and Structural Monitoring Systems plc and is a Non-Executive Director of Petrex Australia Pty Ltd.

Gary graduated in Economics from the University of Northumbria in the UK. He is an Associate of the Chartered Institute of Management Accountants and the Institute of Public Accountants.

Mr Walsh is a highly experienced corporate counsel having led legal teams at such firms as Hancock Prospecting Pty Ltd and Rio Tinto Limited (Perth). Mr Walsh currently runs a private consultancy company, providing Board, commercial, business development and corporate advisory services. He will provide a key oversight role for the Company’s corporate legal affairs including contract negotiations, IP enforcement and maintenance, regulatory oversight and corporate compliance, and any future civil interactions.

Key Career Highlights:

  • Hancock Prospecting Pty Ltd – General Counsel. The role required a broad range of corporate. commercial and litigation work including the development of complex multi-$billion infrastructure and mining projects.
  • Rio Tinto Limited – Corporate Counsel. Provided corporate and commercial advice to Rio Tinto Iron Ore (RTIO) and Rio Tinto Minerals. Focus included corporate acquisitions and joint ventures, sales and marketing contracts, litigation matters and general commercial contracts.

Mr Walsh currently serves as a Non-Executive Director of Nanollose Limited. Admissions: Supreme Court of Western Australia in February 1995

Dr Dennis Roach
Senior Technical Fellow

Dr Dennis Roach is a Senior Technical Fellow with Structural Monitoring Systems.  He has over 30 years of experience in the areas of experimental and analytical assessment and nondestructive inspection of structures and mechanical systems.  Dr. Roach was previously the Chief Engineer in the FAA’s Airworthiness Assurance Center which Sandia Labs operated for the Federal Aviation Administration.  His specialty is in damage tolerance and inspection of composite and metallic materials for civil and aerospace applications including the development of sensors for in-situ health monitoring. 

Dr. Roach has seven patents and over 250 technical publications including a co-authored book on the application of advanced composite materials and two co-authored books on in-situ Structural Health Monitoring. 

CORPORATE GOVERNANCE

The primary responsibility of the Structural Monitoring Systems (SMS) Board is to represent and advance Shareholders’ interests and to protect the interests of all stakeholders. To fulfill this role, the Board is responsible for the overall Corporate Governance of SMS, including its strategic direction, establishing goals for management and monitoring the achievement of these goals.

Protection and enhancement of Shareholder value.

Formulation, review and approval of the objectives and strategic direction of the Company.

Approving all significant business transactions including acquisitions, divestments and capital expenditure.

Monitoring the financial performance of the Company by reviewing and approving budgets and monitoring results.

Ensuring the adequate internal control systems and procedures exist and that compliance with these systems and procedures is maintained

The identification of significant business risks and ensuring that such risks are adequately managed.

The review of performance and remuneration of executive directors and key staff.

The establishment and maintenance of appropriate ethical standards.

Evaluating and, where appropriate, adopting with or without modification, the ASX Corporate Governance and Best Practice

Anodyne electronic manufacturing corporation (AEM)

In 2017 SMS acquired 100% of North American based aerospace manufacturer Anodyne Electronic Manufacturing Corporation (AEM), who are now the manufacturer of SMS products and systems.

AEM is a highly regarded aircraft OEM supplier and AS9100C certified manufacturing facility domiciled in Kelowna, British Columbia, Canada. Having an aerospace certified supplier based in north America has been a key strength in gaining certification for the patented CVM technology and facilitates the necessary increase in production volumes as the product goes to market.

Enquiries

Australia • North America

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