|TESTIA is a worldwide non-destructive testing (”NDT”) and structural health monitoring (“SHM”) provider, and is fully engaged in all aspects of training, engineering, in-service inspections, manufacturing, consultancy and distribution of NDT products for aerospace, and other industries.|
Broadly, under the terms of the MOU, TESTIA will be fully integrated with all current development and production aspects of SMS’s technology platform, and examine and pursue global opportunities related to SHM on behalf of SMS. In doing so, TESTIA will become the key distributor/reseller and integrator of SMS products in Europe, and worldwide, and will act as SMS’s elongated “workbench” to install, maintain, commercialize and promote SMS products in the global marketplace.
Additionally, TESTIA will provide manpower and technical expertise to directly assist in investigating, and advancing, the current status and readiness of CVMTM technology – this is in addition to the current personnel and resources already provided in relation to the CVMTM platform by other Airbus companies. TESTIA will also provide SMS staff access to the Airbus Verification & Validation (“V&V”) Center for SHM at the Airbus Material & Process department in Bremen, Germany.
Importantly, TESTIA will support SMS in creating and identifying commercially viable business cases for supplementary type certificates (“STCs”) and alternative means of compliance (“AMOC”) designations with potential customers including aircraft operators/carriers and aerospace OEMs. Additionally, TESTIA will develop and promote concepts to enable SMS products to be sold, licensed, installed and maintained worldwide.
SMS will defer to TESTIA’s capabilities to distribute, apply, support and re-sell SMS products worldwide, and will appoint TESTIA as a global solution-provider and service company in applying the CVMTM technology. This new alliance with TESTIA will create a partnership with the combined ability to not only produce the Company’s proven CVMTM technology, but now with the ability to fully promote, identify and meet the business opportunities available to CVMTM in the world’s aerospace industries – as well as numerous other industries and disciplines outside of aerospace.