BUZZ-Australia's Structural Monitoring Systems gains on product getting U.S. nod
ReutersFeb 11, 2025 3:28 AM
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
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