NEW
YORK, Sept. 27, 2023 /PRNewswire/ -- SMX
(Security Matters) PLC (NASDAQ:SMX; SMXWW), an innovative company
specializing in digitization of physical objects to foster a
circular and closed loop economy, have launched a collaborative
project with Domaine des Massifs, an industry leader in leather
sourcing. Together, they aim to offer and establish a
comprehensive system for their clients, achieving full
traceability, verification, and certification of the origin of raw
materials from farm to finished products.
Domaine des Massifs, with its commitment to sustainability and
quality, recognizes the importance of providing consumers with
transparency regarding the origins of the raw materials in the
finished product. Collaborating with SMX represents a
significant step towards achieving this goal, leveraging cutting
edge technology to ensure the certification of the raw materials'
provenance and being able to trace it to the end product.
The collaboration has commenced with a pilot project focusing on
tracing the origin of raw materials for leather production.
SMX's expertise in 'giving all materials a memory' and its
non-destructive data extraction reader is expected to be
instrumental in developing a robust system for authenticating and
certifying the leather's source (farm), establishing a tangible and
measurable way to verify the origination of the leather at any
stage of the manufacturing process to the final product.
About Domaine des Massifs
Domaine des Massifs is a
distinguished leader in the leather industry, known for sourcing
premium leather while adhering to ethical and sustainable
practices. With a strong and unwavering commitment to
transparency and accountability, Domaine des Massifs is dedicated
to transforming the leather industry supply chain for the
better.
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.
Website:www.smx.tech
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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: the
successful launch and implementation of SMX's joint projects with
manufacturers and other supply chain participants of metals, 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; any lingering 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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