NEW
YORK, March 14, 2023 /PRNewswire/ -- SMX
(Security Matters) Public Limited Company (NASDAQ: SMX)
(NASDAQ:SMXWW), today introduced the seven business, military,
security, and government leaders who are joining the Company's
Advisory Board. 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.
"To deal with the global climate, nature, and waste
crisis, we must transform the world's supply chains. To do
so, we need to know what is in our supply chains' products. And to
know that we need to know what materials are in them.
Leadership from SMX ensures the technology to track and trace
materials is there, making a circular, zero-waste future possible,"
said Peter Bakker, President &
CEO World Business Council for Sustainable Development.
The Company's Advisory Board members are:
- Peter Bakker is the
President and CEO World Business Council for Sustainable
Development since 2012 has led WBCSD based in Geneva, Switzerland. WBCSD is the premier
global, CEO-led community of over 200 of the world's leading
sustainable businesses working collectively to accelerate the
system transformations needed for a net zero, nature positive, and
more equitable future. Peter is a distinguished business leader
who, until June 2011, served as CFO
and then CEO of TNT NV, the global transport and logistics
company.
He has been recipient of the Clinton Global Citizen Award (2009)
and the Sustainability Leadership Award (2010). Peter serves as a
member of several corporate sustainability advisory boards. He
received the royal order Officer of the Order of Orange-Nassau
in 2018 in recognition of his long-lasting commitment to engaging
business in tackling global sustainability issues.
- Boon Hui Khoo is the
former Singapore Police
Commissioner, serving in that role from 1997 to 2010, and also was
INTERPOL President from 2008 to 2012. He is the retired Senior
Deputy Secretary Singapore Ministry of Home Affairs and Senior
Fellow of Singapore's Civil
Service College. He chairs the INTERPOL Working Group on Governance
and serves on the CyberPeace Institute's advisory board and Global
Cyber Alliance board.
In Singapore, he is Chairman of
the Minister for Cybersecurity's Advisory Group and an advisor of
the National Cybersecurity R&D Programme. He also holds
advisory and board positions in Banking, Fintech, Security,
Cybersecurity and Philanthropy. He was educated at
Oxford, Harvard, and Wharton, and is an
Honorary Fellow of St John's College,
Oxford. Besides being accorded high
national honors by Singapore for
his contributions in policing, he has been recognized for promoting
international police relations by several other countries.
- Nihal Kaviratne CBE began
his career with the Unilever Group and for over 40 years he has he
held various senior level management positions across Asia, Europe,
and Latin America. Nihal was
instrumental in leading the recovery of Unilever Indonesia after
the financial crisis of 1998. He retired from Unilever in
March 2005. Nihal has been an
Independent Director of StarHub Ltd., since 16 August 2004 and GlaxoSmithKline
Pharmaceuticals Ltd. in India
since 26 July 2005. He is a member of
the advisory board for Southeast
Asia/Indonesia of Bain
& Company SE Asia, Inc and a member of the Corporate Resilience
Advisory Council of McKinsey & Company, Inc.
He also serves as a member of the UK Government's Department for
International Development (DFID) Private Sector Portfolio
Advisory Committee for India. He
is also a director of Olam International Limited and
Caraway Pte. Ltd. He has attended management
development programs in India,
Australia, the UK and the
USA, including the Advanced
Executive Program conducted by Kellogg School of Management,
Northwestern University and the
Advanced Management Program conducted by Harvard Business School. Nihal holds a
Bachelor of Arts (Honors) with a major in Economics from the
Bombay University, India.
- John Poynton AO is Co-Founder and Chair of Poynton
Stavrianou. He has more than 40 years' advisory and capital markets
experience across equity, debt, infrastructure and property. In
parallel with his career as an investment banker, John has also
been an active non-executive director of ASX-listed companies,
government and education bodies and not-for-profit organizations.
John is Chair of Strike Energy Ltd and is Deputy Chair of Sapien
Cyber Ltd. He is also a Director of the Future Fund Board of
Guardians, Australia's sovereign
wealth fund and Perth Airport.
John has previously served on the boards of Multiplex, Alinta
and Austal and the Reserve Bank of Australia's Payments System Board, the
Australian Government's export credit agency (EFIC)
and the Higher Education Endowment Fund. John has chaired the
Council of Christ Church Grammar School and was a long-standing
board member of the Business School at the University of WA. In the
not-for-profit arena, John has served as chair of Celebrate WA,
Giving West and the Foundation of the WA Museum. In 2006 John was
the recipient of the WA Citizen of the Year Award in the Industry
and Commerce category and in 2016 he was appointed as an Officer in
the General Division of the Order of Australia. John holds a Bachelor of Commerce
and an honorary Doctor of Commerce from the University of
Western Australia where he was
also awarded a Dean's Medal. John is an experienced pilot and holds
a private fixed wing license with a command instrument
rating. He also holds a commercial rotary wing license. John
is endorsed on executive jets and twin-engine helicopters.
- Yair Seroussi is former
Chairman of the Board of Bank Hapoalim (Israel's largest Bank) and former Head of
Morgan Stanley in Israel, is
recognized for his vast experience in financial-services and
investments in the public and private sectors with emphasis on
cross-border Israel-International transactions. Currently he is
Chairman of Enlight Renewable Energy , a leading renewable energy
company, Chairman of Zim Integrated shipping Services, Chairman of
Prytek, a privately held multinational corporation focusing on
technology investments and Operations-as-a-Service, Chairman of
Mediterranean Towers from 2017-2019, a leading and large chain of
retirement communities in Israel,
and currently a member of the board of directors of DSPG,
listed in NASDAQ, since 2005, and a member of the board of
directors of Stratasys, a market leader of 3D printing company
listed in NASDAQ, since 2017. He is a member of the investment
committee of Menorah Mivtachim, Israel's largest new pension fund.
He is involved in young Tech and FinTech companies and is
proud co-founder of Tovanot B'Hinuch, a nonprofit
organization dedicated to making the schools in the urban periphery
into a source of inspiration, by assisting the principals and
positioning the schools in the center of the community, assisted by
the good will of many volunteers and the leadership of Karen
Tal, Yael
Lipman, Yossi
Vardi and a whole group of great friends. He is
Chairman of the Eli Hurvitz Institution for corporate
strategy in the Tel Aviv University, a
member of the Hebrew University's Board
of Governors and a member of the board of Governors at the
Weizmann Institute of Science.
- Yigal Unna was appointed
by Israel's Prime Minister as the
Director General of the Israel National Cyber Directorate (INCD) in
2018. In this role until 2022, Mr. Unna reported directly to
the Prime Minister and lead a team of 350 employees responsible for
all aspects of cyber security, including formulating policy and
building technological power for operational defense of critical
infrastructure. In addition to his work protecting Israel, Unna forged long-term relationships
with many foreign governments, and lectured around the world on
cyber security.
Prior to the INCD, Unna served in the Israel
Security Agency (ISA), also known as Shin Bet
and Shabak, for 23 years. The ISA is
Israel's domestic intelligence
service. He retired as the Director of the Cyber and Signal
Intelligence Operations Division (military rank equivalent of major
general). Mr. Unna began his career as an officer in
the elite Unit 8200 in the Israel Defense Forces. Mr. Unna
holds an MBA (Tel Aviv
University) and a BA in History and Management (Tel Aviv University)
- Major General (ret.) Ami
Shafran served as the head of the Israeli Defense
Force C4I corps, in charge of the entire Information and
Communication Technology electronic warfare and cyber defense.
Shafran was the Head of R&D in the intelligence Directorate and
the Chief of Staff in the Israel Ministry of Defense. He served as
a venture partner at Moneta Capital, an Israeli venture capital
fund focused in the fitness and data sciences domains. In 2013 he
began serving as Head of Cyber Innovation Center at Ariel
University. Shafran in 2017 began serving as Director of Paz Group
and as Non-Executive Chair of Elsight. He has served as Chairman of
the Board of Pazkar Ltd. and Paz Lub Ltd., as a member of the Board
of Directors of Waterfall Security Solutions and President of
Enigmatos Ltd., an automotive cyber security company. He holds an
M.Sc in Electrical Engineering from Ben Gurion
University in Israel and an
MBA from Tel Aviv University.
The SMX Advisory Board, together with Company leaders and
business partners, will mark SMX's successful trading on Nasdaq
with an Opening Bell Ceremony live from the iconic Nasdaq trading
floor on March 14, 2023. The
Ceremony, to be held at the Nasdaq MarketSite Tower in
New York, NY, will be led by Alon
and Ophir Sternberg, Chairman and
CEO of Lionheart III Corp. A live broadcast of the event that
begins at 9:15 a.m. Eastern Time can
be viewed
at https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
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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