NEW
YORK, April 21, 2023 /PRNewswire/ -- SMX
(Security Matters) plc (NASDAQ:SMX; SMXWW) is pleased to announce a
joint plastics solution with IntellectEU, a strategic
development partner in the digital finance and sustainability
markets, and Plastics App, an innovative compounding lab, for
Earth Day (22 April).
Through this service with Plastics App, the companies jointly
provide base chemistry companies, converters, and brands with a
rapid path to market for the development, compliance, and
certification of new material, ethical sourcing, and recycling
compliance. Through the collaboration with IntellectEU, the
companies jointly are engaging in the creation (design and develop)
of a versatile platform for various industries, use cases, and
clients, to various materials including but not limited to plastics
traceability and circularity.
The synergetic collaboration will provide companies with
one-stop-shop access to Plastics App's innovative compounding lab
which offers cutting-edge engineering solutions together with a
full set of testing portfolios. The end-to-end process includes
materials development, pilot production, testing and analysis on
both micro and macro scales, failure analysis, long-term
performance under harsh environmental conditions, processability,
and more. In addition, materials will be tested and certified to
ensure compatibility with the food contact regulations (EU 10/2011)
by evaluating the migration of markers from the material to the
food using dedicated simulants that mimic various types of food
products.
Further the service will target companies and trade
associations, including:
- Manufacturers aiming to boost recycled content.
- Organizations looking for DLT-based supply chain alternatives
after unsatisfactory commercial blockchain rollouts.
- Companies focused on optimizing supply chains and minimizing
single-supplier reliance.
- Enterprises conscious about ethical sourcing and willing to
provide end-to-end transparency to their customer base.
About IntellectEU
IntellectEU is a strategic development partner in the digital
finance and sustainability markets, with deep experience providing
advanced technology solutions and strategic advisory services to
enterprises. As a leading player in sustainable digital innovation,
IntellectEU has successfully pioneered advancements in voluntary
carbon markets (VCMs), digital green securities, digital
monitoring/reporting/verification (DMRV), and real asset
tokenization. The company's Catalyst Blockchain Manager simplifies
technical complexities, enabling customers to seamlessly customize,
implement, and scale their blockchain applications according to
their unique requirements. Through its unparalleled expertise and
commitment to driving financial markets towards a sustainable
future, IntellectEU has consistently demonstrated its leadership in
emerging technology solutions.
About Plastics App
Plastics App is an agile plastics and polymers applicative
innovation compounding lab and a prototype scale designer-compound
manufacturer. Plastics App addresses the needs of well-established
companies and startups for disruptive plastics and polymer
compounding innovation solutions. Plastics App is an independent
R&D and testing lab specializing in custom-engineered compounds
& 3D filaments production. The Plastics App team comprises
exceptional engineering & scientific team with strong
multi-disciplinary academic expertise and rich industrial
experience.
About SMX
As global businesses faces new and complex challenges relating
to carbon neutrality and meeting new governmental and regional
regulations and standards, SMX is able to offer players along the
value chain access to its marking, tracking, measuring and digital
platform technology to transition more successfully to a low-carbon
economy.
Forward-Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements regarding expectations, hopes, beliefs,
intentions or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "contemplate," "continue," "could,"
"estimate," "expect," "forecast," "intends," "may," "will,"
"might," "plan," "possible," "potential," "predict," "project,"
"should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements in this press release may include, for example: matters
referred to in the Frost & Sullivan Market Analysis report
including projections relating to SMX's share price, matters
relating to the Company's fight against abusive and possibly
illegal trading tactics against the Company's stock; successful
launch and implementation of SMX's joint projects with
manufacturers and other supply chain participants of steel, rubber
and other materials; changes in SMX's strategy, future operations,
financial position, estimated revenues and losses, projected costs,
prospects and plans; SMX's ability to develop and launch new
products and services; SMX's ability to successfully and
efficiently integrate future expansion plans and opportunities;
SMX's ability to grow its business in a cost-effective manner;
SMX's product development timeline and estimated research and
development costs; the implementation, market acceptance and
success of SMX's business model; developments and projections
relating to SMX's competitors and industry; and SMX's approach and
goals with respect to technology. These forward-looking statements
are based on information available as of the date of this press
release, and current expectations, forecasts and assumptions, and
involve a number of judgments, risks and uncertainties.
Accordingly, forward-looking statements should not be relied upon
as representing views as of any subsequent date, and no obligation
is undertaken to update forward-looking statements to reflect
events or circumstances after the date they were made, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws. As a result of a
number of known and unknown risks and uncertainties, actual results
or performance may be materially different from those expressed or
implied by these forward-looking statements. Some factors that
could cause actual results to differ include: the ability to
maintain the listing of the Company's shares on Nasdaq; changes in
applicable laws or regulations; the effects of the COVID-19
pandemic on SMX's business; the ability to implement business
plans, forecasts, and other expectations, and identify and realize
additional opportunities; the risk of downturns and the possibility
of rapid change in the highly competitive industry in which SMX
operates; the risk that SMX and its current and future
collaborators are unable to successfully develop and commercialize
SMX's products or services, or experience significant delays in
doing so; the risk that the Company may never achieve or sustain
profitability; the risk that the Company will need to raise
additional capital to execute its business plan, which may not be
available on acceptable terms or at all; the risk that the Company
experiences difficulties in managing its growth and expanding
operations; the risk that third-party suppliers and manufacturers
are not able to fully and timely meet their obligations; the risk
that SMX is unable to secure or protect its intellectual property;
the possibility that SMX may be adversely affected by other
economic, business, and/or competitive factors; and other risks and
uncertainties described in SMX's filings from time to time with the
Securities and Exchange Commission.
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