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SMX (Security Matters) PLC provides a unique solution to address both authentication and track and trace challenges, ensuring the integrity of the supply chain and offering quality assurance and brand accountability to producers. The company's technology functions as a track and trace system using markers, readers, and algorithms to identify embedded sub-molecular particles for tracking various components through the production process or along a supply chain to the end producer.
SMX received a delinquency notification from Nasdaq on December 11, 2024, due to non-compliance with listing requirements. The company's ordinary shares traded below $1.00 for 30 consecutive business days from October 8 to December 9, 2024. Unlike standard cases where companies get 180 days to comply, SMX is ineligible for this grace period due to multiple reverse stock splits over the past two years with a cumulative ratio exceeding 250:1. To prevent trading suspension, SMX plans to request a hearing before a Hearings Panel, which will temporarily maintain the listing of both ordinary shares and public warrants on Nasdaq Capital Market until a final decision is reached.
SMX and Ybyra Capital announced a merger deal combining SMX's molecular marking technology with Ybyra's $1 billion infrastructure and commodities portfolio in Brazil. The merger aims to revolutionize supply chain accountability and traceability in Brazil's vast commodity markets.
The combined entity will leverage SMX's technology to track commodities from source through global supply chains, addressing important markets including soybeans ($47.2B), raw sugar ($11.5B), bovine meat ($11B), and coffee ($8.86B). Ybyra contributes with fertilizer holdings, port operations, and real estate assets across Brazil.
The deal positions the combined company to meet growing global demands for sustainable and traceable commodities, particularly under new EU regulations. The merged entity's asset base is valued at over $600 million, while SMX currently trades at a market cap of $4.16 million.
SMX and Ybyra Capital have signed a non-binding Heads of Agreement for a potential merger, aiming to combine SMX's digital traceability technologies with Ybyra's asset base in South America. The merger, targeting completion in first half 2025, involves Ybyra contributing fertilizer holdings and real estate assets to a new Irish company owned by SMX, with Ybyra shareholders receiving SMX shares in exchange.
The combined entity aims to integrate SMX's marking, tracking, and certification capabilities with Ybyra's logistics and commodity infrastructure, focusing on products like coffee, tea, metals, palm oil, and natural rubber. The merger seeks to capitalize on South America-Asia trade opportunities, enhancing supply chain transparency and accountability.
The agreement requires further due diligence, regulatory and shareholder approvals, and definitive merger documents, with no assurance of completion.
SMX and Sthaler (FinGo ID) have announced a collaboration mandate to develop a centralized reporting platform for the artisanal and small-scale mining (ASM) sector. The partnership aims to combine SMX's physical material tracking technology with FinGo's biometric Human Identity-as-a-Service platform to ensure transparency and ethical sourcing in the gold supply chain.
The initiative focuses on addressing key challenges including ethical sourcing of precious metals, child labor prevention, chemical use monitoring, and location identification of mining operations. The platform is expected to offer enhanced transparency, improved governance, real-time digital auditing, secure payment systems, and end-to-end traceability. This collaboration operates on a three-month review cycle and aims to transition from manual to digital reporting systems.
Los Angeles County's lawsuit against major brands like Coca-Cola and PepsiCo over plastic pollution highlights the contrast between punitive measures and technological solutions. The PR argues that instead of fines and penalties, SMX's technology offers a better approach through digital traceability solutions and the Plastic Cycle Token (PCT). SMX's system creates digital twins of materials, enabling tracking from source to recycling, while providing a blockchain-based market mechanism that incentivizes sustainable practices. The PR suggests that regulatory bodies should focus on partnering with companies and fostering technological innovation rather than imposing punitive measures.
SMX is revolutionizing sustainability tracking with digital technology that enables companies to embed proprietary markers into materials, ensuring product traceability from origin to end use. This innovation comes as California's Responsible Textile Recovery Act and EU regulations demand greater accountability in waste management and recycling processes by 2025.
The company's technology addresses key challenges in textile recovery, packaging sustainability, and plastic recycling through its Plastic Cycle Token (PCT), which creates a verifiable trading system for recycled materials. SMX's solutions enable transparent tracking across industries, from fashion to agriculture, helping companies meet stringent sustainability requirements and avoid penalties.
SMX (NASDAQ:SMX) offers a revolutionary solution to the first-mile challenge in global supply chain commodities. As the EU implements stricter sustainability regulations by 2025, SMX's technology enables companies to trace products back to their origins, ensuring compliance and transparency. The company's invisible chemical marker, embedded at the molecular level, can track materials from source to shelf without affecting quality.
SMX's technology integrates with blockchain, creating a digital twin for each marked product, providing irrefutable proof of sustainable sourcing. This solution is particularly important for industries like cocoa, where traceability remains a challenge. By solving the first-mile issue, SMX is future-proofing global supply chains and supporting the transition to a more sustainable, transparent economy.
SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) announces a collaboration mandate with Sthaler , which markets FinGo, to develop a centralized reporting platform for authenticating and ensuring transparency in supply chains for Natural Rubber, Commodities, Food, and Mining industries. This platform aims to address ESG compliance and reporting requirements, including ethical sourcing, child labor prevention, and EU Deforestation Regulation (EUDR) compliance.
SMX's technology enables marking and tracking of physical materials, while FinGo's Human Identity-as-a-Service (HIDaaS) platform verifies individuals involved in the supply chain. The collaboration is expected to offer enhanced transparency, improved ESG reporting, real-time digital auditing, secure payment systems, and end-to-end traceability. This initiative marks a shift from manual to digital reporting, potentially reducing compliance costs and reputational risks while enhancing productivity across supply chain operations.
SMX (Security Matters) PLC announced a strategic partnership with Brink's to revolutionize the gold market landscape. The collaboration aims to enhance transparency, trust, and efficiency in the gold market ecosystem using SMX's technology and Brink's secure logistics expertise. The joint service will elevate reporting and quality assurance standards for gold in Dubai, offering enhanced transparency and liquidity in gold financing. The partnership, involving trueGold Consortium, is set to commence operations in Q3 2024.
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