NEW
YORK, March 14, 2023 /PRNewswire/ -- SMX,
Security Matters Public Limited Company (NASDAQ: SMX) is scheduled
to visit the Nasdaq MarketSite in Times Square today to mark the
company's March 8, 2023 IPO on
Nasdaq's U.S. exchange.
In honor of the occasion, SMX Founder, Executive Director, and
Chief Executive Officer Haggai Alon and Ophir Sternberg, Chairman and CEO of Lionheart
III Corp. will ring the Opening Bell from the Nasdaq MarketSite on
March 14, 2023.
SMX, a company focused on digitizing physical objects on the
blockchain to enable business participation in a circular and
closed loop economy, began trading on Nasdaq March 8 following the close of its business
combination with Lionheart III Corp.
The Tuesday March 14, 2023
ceremony will be live broadcast 9:15 a.m. to
9:30 a.m. ET and is expected to be viewed at
https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
Multimedia content including photo postings, status updates and
video of bell ceremonies, are anticipated to be available at
Nasdaq's Facebook page: http://www.facebook.com/nasdaq.
About SMX
SMX enables materials to carry a history that can
be authenticated through origination, use, recycle, and
multiple reuse cycles. The company's B2B white label platforms
power commercial sustainability applications across a variety of
industries, including timber, rubber, palm oil, cocoa, steel, gold,
luxury goods, leather, plastics, and non-ferrous metals, to
transition successfully to a sustainable circular economy, thus
reducing their carbon footprint and waste. SMX offers a robust,
innovative, and scalable solution for supply chain authentication,
traceability, and transparency to transform businesses for
participation in the circular economy. Its technology gives
materials in solid, liquid, and gas forms the ability to maintain a
virtual memory of origination, processing and supply chain journey,
including the ability to authenticate provenance, as well as to
track recycling loop counts and the percentage of authenticated
and/or recycled materials contained. The data is recorded
digitally on blockchain, and a linking molecular chemical marker
is embedded in the product itself and can be read with a
proprietary reader. The SMX technology has been in active
operational use on a national scale by the Israeli Government for
more than ten years, is environmentally sustainable and has a
proven track record. The SMX solution is an efficient, cost
effective, drop-in solution within an existing supply chain,
enabling substantial benefits for manufacturers, consumers, and
others in the value chain – and the planet, including providing the
necessary data for product recycling and re-use. In addition, the
SMX technology addresses the issue of the increase in waste
globally by enabling the increase in demand for verified, usable
recycled materials by creating a commoditized, tradable certified
asset which is the recycled material, which can be traded and sold
to other players in the value chain and ecosystem.
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: 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 after the
completion of the business combination, 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 SMX 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 SMX 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