Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 29 June 2023, 09:00 HKT/SGT
Share:
    

Source: Security Matters plc
SMX Reports Strong Client Adoption and Growth in 2023

NEW YORK, June 29, 2023 - (ACN Newswire) - Security Matters plc (NASDAQ: SMX) ("SMX" or "the Company"), a company focused on digitizing physical objects on the blockchain to enable a circular and closed loop economy, is proud to share an update on strong growth that has been generated thus far in 2023.

"Our clients are managing the transformation from linear to circular by having one technology to handle all three sustainability aspects; ethical sourcing, ESG impact and increasing the amount of recycled content usage," said CEO Haggai Alon. "From fashion to natural rubber to metals and minerals, SMX technology enables companies to mark and digitize physical materials onto a private blockchain platform. We are delivering clear, crisp, and transparent data tracking to significantly assist our clients' transition into a low-carbon economy."

As a result of its rapid growth in client adoption across several industries for its proprietary technologies, SMX has achieved 100% year-to-date growth in commercialization. The Company says they anticipate generating revenue growth in 2023, as a result.

SMX details its commercial relationships with Sumitomo Corporation, one of the world's largest general trading companies, and Continental AG, a German tire manufacturer, who in collaboration with SMX has just recently won the Environmental Achievement of the Year - Manufacturing Award. In the case of SMX's relationship with Sumitomo Corporation, the Company has set a target goal of $35 million in sales, as a result of the trading company's utilization of SMX's special security technology features specifically for the invisible labeling of nonferrous metals with geographical origination and authentication information.

The Company has also stated its goal of further expanding its commercial relationships in the metals and mining industries. The Company's subsidiary trueSilver recently entered into collaboration with Sunshine Minting to help create industry standards for the ethical sourcing of silver.

"SMX has made critical inroads in penetrating vital industry segments and driving client adoption, and we expect the momentum to continue," said CEO Haggai Alon. "As with any innovation and technology breakthrough, it takes time to adopt and integrate. We are now seeing the beginnings of that adoption with clients integrating our technology into their supply chain management."

SMX's technology supports a circular economy for sourcing materials by providing insights into every stage of a material's lifecycle stage, from virgin raw material to end-of-life recycling. This helps to provide a pathway to a healthier economy, which can increase recycling and the reusing of materials, rather than increasing waste.

For more information about the company's products, latest news, and ongoing initiatives, visit https://smx.tech/home and https://spotlightgrowth.com/smx-nasdaq-smx-forecasts-revenue-growth-in-2023-driven-by-client-adoption-across-industries

About SMX

SMX integrates chemistry, physics, and computer science to give materials memory and create a culture of transparency and trust across multiple industries. The company's nearly 100 patents support unique marking, measuring, and tracking technologies allowing clients to seamlessly deploy transparency at all levels of development and provide all stakeholders with a complete provenance of material composition and history, from virgin material to recycled, to address manufacturing challenges and ESG goals while maintaining sustainable growth. As a result, SMX's technologies help companies address ESG commitments and transition more successfully to a low-carbon economy.

About Spotlight Growth

SpotlightGrowth.com is a digital hub for micro-caps, small-caps, venture capital, private equity, crowdfunding, cryptocurrency, and other emerging growth investors. SpotlightGrowth.com serves as our media subsidiary and provides insights on small-cap companies. Follow us on social media: Twitter; Facebook; Instagram; Reddit; and YouTube.

Disclaimer

This communication was produced by Spotlight Growth (SG), an IR advisor to small and micro-cap companies. SG is not a registered or licensed broker-dealer nor investment adviser. No information contained in this communication constitutes an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. SG may be compensated by respective clients for publicizing information relating to its client's securities. See https://spotlightgrowth.com/disclosures for more information.

Matt Rego
info@spotlightgrowth.com


Topic: Press release summary
Source: Security Matters plc


http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
SAPPE Makes a Global Splash in the Beverage Market, Unveils Global Campaign "Life's too Short, You Gotta Chew" at THAIFEX - ANUGA ASIA 2025  
May 29, 2025 08:00 HKT/SGT
Euro Manganese Closes C$11.2 million (A$12.3 million) Financing  
May 29, 2025 07:09 HKT/SGT
Global Leaders Gather for XIII International Meeting on International Cooperation  
May 28, 2025 20:30 HKT/SGT
Asia Summit on Global Health and Hong Kong International Medical and Healthcare Fair Wrap Up Successfully  
May 28, 2025 19:57 HKT/SGT
New Drug Approval for In-House Developed Anti-Insomnia Drug DAYVIGO (Lemborexant) in China  
Wednesday, May 28, 2025 4:45:00 PM
Modern Dental Group's Thai Subsidiary Hexa Ceram Held 30th Anniversary Celebration and Dental Symposium  
May 28, 2025 16:44 HKT/SGT
GK Software becomes a Fujitsu company  
Wednesday, May 28, 2025 2:33:00 PM
GMG Announces Internal G(R) Lubricant Testing Results Showing 10% Fuel Savings and 33% Reduction in Particulate Emissions  
May 28, 2025 08:29 HKT/SGT
Spotlight: Sunny Nandwani, Founder & CEO, Acuver Consulting Inc.  
May 27, 2025 22:30 HKT/SGT
Top Business and Policy Leaders to Convene at CGS International's ASEAN Business Forum 2025 to Scale Intra-ASEAN and International Trade and Investment  
May 27, 2025 17:00 HKT/SGT
More Press release >>
 Events:
More >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: