NEW
YORK, Feb. 28, 2024 /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, is delighted to announce the
North American Flame Retardant Alliance (NAFRA), the
International Bromine Council (BSEF), and its member companies will
use SMX's technology to help recycling plant operators to track and
trace plastics composed of different additives or chemistries.
NAFRA and its members adhere to the International Council of
Chemical Associations and the American Chemistry Council's
Responsible Care® program, which is the global chemical industry's
initiative to drive continuous improvement in safe chemicals
management and to achieve excellence in environmental, health,
safety and security performance.
The partnership with NAFRA, BSEF, and their members is intended
to demonstrate new scanning technology to more efficiently scan and
separate plastics using a chemical-based hidden "barcode" system,
alongside a unique "reader" to identify these codes. These codes
will enable automated systems to identify plastics branded with the
barcode and route them to the appropriate destination.
The technology for this project has been pioneered by SMX with
funding provided by NAFRA and BSEF.
Robert Simon, NAFRA &
American Chemistry Council, comments:
"This project has the potential to help support plastics
recycling by improving efficiencies, removing unnecessary steps and
barriers, and helping deliver the products to the right place more
quickly. This means less time, energy, and resources spent in the
distribution chain, and that plastics are processed safely and
effectively in line with our environmental sustainability
goals."
Statement from, SMX:
"For SMX this is a great opportunity to be an enabler on the
journey of transforming base chemical production from a linear
model to a more sustainable model. This project is part of our
belief that sustainability will be led by the industrials
sector."
About BSEF – The International Bromine Council
BSEF – the International Bromine Council, is the global
representative body for bromine producers and producers of bromine
technologies. Originally founded in 1997, BSEF works to foster
knowledge on the societal benefits of bromine and its applications.
The members of BSEF are Albemarle Corporation, ICL Industrial
Products, Lanxess and Tosoh.
Follow BSEF at Twitter @bromineinfo and LinkedIn.
About NAFRA – North American Flame-Retardant Alliance
The American Chemistry Council's North American Flame-Retardant
Alliance (NAFRA) was formed in March
2011 to serve as the lead advocacy organization in
North America for flame retardant
producers and users. NAFRA members include: Albemarle Corporation,
ICL Industrial Products, and Lanxess. For more information on NAFRA
visit: https://flameretardants.americanchemistry.com/.
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
Follow us through our social channel @secmattersltd
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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SOURCE SMX