NEW
YORK, May 9, 2023 /PRNewswire/ -- SMX (Security
Matters) plc (NASDAQ: SMX) (NASDAQ: SMXWW) is pleased to
announce that, continuing its collaboration with Continental, they
are enabling automotive companies the ability to identify and
verify ethical sourcing of natural rubber and to demonstrate a
higher level of responsibility and certification of premium natural
rubber products, which SMX believes can enable a smarter rubber
sorting and recycling capability.
In a recent trial at ContiTech, one of Continental's group
sectors in Hanover, Germany, the
teams were able to 100% identify (through blind tests) the 'marked'
and 'unmarked' natural rubber in engine mounts supplied by
Continental for a global automotive company without affecting
the material properties and the product performance.
Further, SMX believes that this trial demonstrates SMX's
technology as a proven enabler to overcome the 'First Mile
Challenge'1 while ensuring the certification and
verification of ethical sourcing of natural rubber from tree
plantation to final product.
Results from the trial include:
- SMX succeeded in integrating its technology within
engine mounts utilizing 'marked' natural rubber supplied by
Continental without affecting the manufacturing process, the
quality and the material properties of the car component.
- SMX's marking system was successfully detected in all
prototypes manufactured with 'marked' natural rubber,
demonstrating the durability and the traceability of the SMX
marking system throughout the production process.
- Using SMX's reader, the unique technology provided a
non-destructive way of tracing the 'marked' natural
rubber within the engine mounts throughout the production
process.
- SMX's technology provides the ability to differentiate and
identify 'marked' car components utilizing marked natural rubber
from unmarked car components, thus enabling authentication of
material originating from ethical sourcing within a final product
and through recycling and reuse.
The trial successfully embedded SMX's
marking system in the natural rubber supplied by
Continental, into an engine mount, providing origin
authentication of the sustainable raw material and demonstrating
its durability, full traceability and repeatability through the
production process from raw material to final product and recycle
and reuse.
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:
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.
Follow us through our social channel @secmattersltd
1 Considered to be one of the biggest challenges
for ethical commodities manufacturing.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/smx-and-continental-release-second-application-for-natural-rubber-301819326.html
SOURCE SMX