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SMX (Security Matters) PLC (NASDAQ: SMX; SMXWW) is a leading publicly traded company specializing in the digitization of physical objects to ensure supply chain integrity and provide quality assurance and brand accountability across various industries. Utilizing a pioneering technology that includes a marker, reader, and algorithm, SMX can embed sub-molecular particles into materials. This allows for the tracking and tracing of components throughout the production process, ensuring transparency and reliability from origin to end product.
SMX's technology is at the forefront of helping businesses transition to more sustainable practices, with a particular focus on low-carbon economies. The company offers solutions that span a wide range of sectors, including fashion, automotive, precious metals, and more. By adding unique markers to raw materials, SMX's system can verify the authenticity and traceability of products, significantly reducing issues related to counterfeiting and ensuring compliance with environmental and sustainability goals.
Recent projects highlight SMX's groundbreaking work:
- In January 2024, SMX received a delinquency notification from NASDAQ, which the company is actively addressing to regain compliance within the specified period.
- In February 2024, SMX announced its participation at the Première Vision event in Paris, emphasizing their commitment to sustainable transformation in the fashion industry by providing technology that verifies the origin and recycled content of materials.
- SMX secured a partnership with NAFRA and BSEF to implement a chemical-based 'barcode' system to track and trace plastics, aiding recycling efforts and supporting environmental sustainability.
- The completion of a project marking 21 tons of natural rubber from tree to tire, demonstrating full traceability and authenticity, showcases SMX’s capabilities in the automotive supply chain.
- SMX has also marked 2.2 tons of silver within SMI's operations, ensuring authenticity and traceability for precious metals used in minting and bullion.
SMX's technology not only supports industrial efficiency but also aligns with globally recognized ESG standards, offering a unique, non-destructive method to verify material composition and history. The company's ongoing partnerships and strategic initiatives reflect its dedication to innovation, sustainability, and market leadership.
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SMX (Security Matters) PLC is a company specializing in digitizing physical objects for a circular economy. Recent achievements include the appointment of a new CFO, successful public offering, and significant contracts. SMX's advanced technology enhances supply chain transparency, traceability, and sustainability. The company aims to capitalize on global sustainability trends and homeland security investments to drive growth.
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SMX (Security Matters) PLC appoints Ms. Ofira Bar as Chief Financial Officer to enhance core capabilities for commercial and financial success. The company aims to foster a circular and closed-loop economy through digitization of physical objects.
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SMX (Security Matters) PLC announces a partnership with NAFRA and BSEF to use its technology for tracking and tracing plastics in recycling plants. The project aims to improve efficiency and sustainability in plastics recycling.
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SMX (Security Matters) PLC successfully closed a public offering of 12,124,666 ordinary shares, generating approximately $2.9 million in gross proceeds. The offering included pre-funded warrants at $0.2378 per share to prevent exceeding 4.99% ownership. EF Hutton LLC managed the offering, with the SEC declaring the registration statement effective on February 15, 2024.
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SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) announced a public offering of 12,125,000 ordinary shares at $0.24 per share, generating around $2.91 million in gross proceeds. The offering is managed by EF Hutton LLC, with legal counsel from Ruskin Moscou Faltischek, P.C. and Lucosky Brookman LLP. The registration statement was declared effective by the SEC on February 15, 2024.
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SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) is attending the February 6-8, 2024 Première Vision event in Paris, France. The company aims to transform the fashion industry by providing technological solutions to enhance sustainability, combat counterfeiting, and verify recycled content. CEO Haggai Alon leads a team that offers turn-key solutions to authenticate products and track their distribution using a unique marker and blockchain technology. SMX's mission is to support the fashion industry's transition to circular business models, combat environmental impact, and provide solutions for brand protection and counterfeiting.
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SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) received a delinquency notification letter from Nasdaq due to non-compliance with the bid price rule. The company is working to regain compliance within the 180-day period.
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SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) has announced a $5 million contract with R&I Trading of New York to deploy cutting-edge technology for supply chain transparency in the FMCG sector, aiming to set new standards in brand protection, authentication, and ethical sourcing.
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SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) appoints Jean-Philippe Bailly as Chief Operating Officer for the SMX Fashion Sustainability Competence Centre, showcasing the company's dedication to global expansion and expertise in the fashion sustainability sector.
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SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) has announced the planned launch of a groundbreaking plastic cycle token, scheduled for release in Q2 2024. This initiative aims to capitalize on billions of dollars in recyclable plastics credits in a newly created market, addressing the limitations of the current carbon credit system and the EU's ongoing efforts to increase plastic recycling. SMX's technology enables physical traceability, supporting this Plastic Cycle Token model, and is expected to incentivize genuine plastic recycling.
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FAQ
What is the current stock price of SMX (Security Matters) Public Company (SMX)?
The current stock price of SMX (Security Matters) Public Company (SMX) is $0.2299 as of December 20, 2024.
What is the market cap of SMX (Security Matters) Public Company (SMX)?
The market cap of SMX (Security Matters) Public Company (SMX) is approximately 1.9M.
What does SMX (Security Matters) PLC specialize in?
SMX specializes in the digitization of physical objects to ensure supply chain integrity, quality assurance, and brand accountability using unique markers and a tracking system.
How does SMX's technology work?
SMX uses a marker, reader, and algorithm to embed sub-molecular particles into materials, allowing for the tracking and tracing of components throughout the production process.
What industries does SMX serve?
SMX serves various industries, including fashion, automotive, precious metals, rubber, and more, providing traceability and authenticity solutions.
What recent achievements has SMX accomplished?
Recent achievements include marking 21 tons of natural rubber, 2.2 tons of silver, and participating in the Première Vision event in Paris to promote sustainability in fashion.
What is SMX's role in the circular economy?
SMX's technology supports the circular economy by enabling full traceability and authenticity of materials, from raw form to recycled products, ensuring compliance with sustainability goals.
What partnerships has SMX entered into recently?
Recent partnerships include collaborations with NAFRA, BSEF for plastic recycling, and SMI for precious metals authentication. Additionally, SMX partnered with Brink's to enhance gold marking and auditing.
How does SMX support sustainability?
SMX supports sustainability by providing technologies that verify the origin and recycled content of materials, aiding in reducing counterfeiting and ensuring compliance with environmental standards.
What are the key benefits of SMX's technology?
Key benefits include improved supply chain visibility, reduced counterfeiting, enhanced quality assurance, and support for ESG commitments and sustainability transitions.
How is SMX addressing its NASDAQ compliance issue?
SMX is actively working to regain compliance with NASDAQ listing rules within the specified 180-day period after receiving a delinquency notification in January 2024.
What is SMX's mission?
SMX's mission is to provide transparency, traceability, and authenticity across various industries, supporting the transition to a low-carbon and sustainable economy.
SMX (Security Matters) Public Limited Company
Nasdaq:SMX
SMX Rankings
SMX Stock Data
1.95M
8.05M
20.22%
8.8%
7.47%
Specialty Business Services
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United States of America
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