- The SMX Technology was successfully detected within the
granules after the granulation process, within the undyed, and dope
dyed polyester POY and DTY filament yarns and within the undyed,
dyed and dope dyed fabrics, regardless of color and the process
methods.
- Indorama Ventures is evaluating SMX technology's potential as a
new high-level industry standard to be joined in the future by
qualified and reliable players both downstream and upstream.
NEW
YORK, Aug. 21, 2023 /PRNewswire/ -- SMX
(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, would like to notify the
market that, alongside Indorama Ventures, a leading global
chemicals company, they have successfully marked rPET granule raw
material for textile production.
Through successfully marking and detecting the uniformly
dispersed SMX Technology within granulated rPET, Indorama Ventures
is evaluating the patented non-destructive technology's potential
to authenticate premium rPET grades through its network of
subcontractors and suppliers. The SMX Technology was
successfully detected within the granules after the granulation
process, within the dope dyed POY and DTY polyester filament yarns
and within the undyed, dyed and dope dyed fabrics, regardless of
color and the process methods.
SMX has commenced commercialization discussions with several
plastic manufacturers, with further updates to be provided to the
market when appropriate.
Follow us through our social channel @secmattersltd
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 Indorama Ventures
Indorama Ventures Public Company Limited, listed in Thailand (Bloomberg ticker IVL.TB), is one of
the world's leading petrochemical producers, with a global
manufacturing footprint across Europe, Africa, Americas, and Asia Pacific. The company's portfolio
comprises Combined PET, Integrated Oxides and Derivatives, and
Fibers. Indorama Ventures products serve major FMCG and automotive
sectors, i.e., beverages, hygiene, personal care, tire and safety
segments. Indorama Ventures has about 26,000 employees worldwide
and revenue of US$18.7 billion in
2022. The Company is listed in the Dow Jones Emerging Markets and
World Sustainability Indices (DJSI). For more information,
please visit www.indoramaventures.com
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 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