NEW
YORK, April 17, 2023 /PRNewswire/ -- SMX
(Security Matters) plc (NASDAQ:SMX; SMXWW) is pleased to announce
its first analyst report since its debut on NASDAQ, the Frost &
Sullivan Market Analysis report, which has been released today
(https://smx.tech/assets/pdf/17042023_SMX_report_April%202023.pdf).
Key Highlight Points from the Frost & Sullivan
Report
"The investment opportunity in SMX in three main
layers:
- SMX can create generic formats of authentication;
- A potential new digital platform and/or marketplace of raw
materials like plastics, fabrics, gold and many others;
- Forming new industries standards for digital twining physical
assets like Swift did for bank transfers."
Frost and Sullivan's "economic model is based on market
benchmarks for recent M&A transactions for industrial IOT and
supply chain tech firms, with an understanding that the price
target range US$6.50 per share, will
be accomplished in the near future."
"SMX's blockchain-based technology gives materials memory,
providing full supply chain visibility without intermediaries. This
is an integral part of the future of industry 5.0"
According to Frost and Sullivan, "the global circular economy of
plastic packaging recycling market is expected to achieve a
valuation of $20 billion by 2023,
with a projected growth rate of 9.1%. This market represents one of
numerous prospects available to SMX. In addition, the luxury goods
authentication and re-use market alone presents significant
opportunities." SMX is strategically working across different
business segments with a wide variety of materials, including
circular supply chains for plastics and rubber; mining and raw
minerals (gold, diamonds, timber/lumber, cement, ore and rare
earths); electronics and components (electronics and silicon
wafer); fashion and cosmetics (leather, organic silk, organic
cotton, wool, vegan leather, polyester, EVA, TPU, ABX, PET); as
well as agriculture and food production (wine, animal feed, palm
oil, seeds).
This Market Analysis report is delivered pursuant to a annual
contract as between SMX and Frost & Sullivan, pursuant to which
SMX pays Frost & Sullivan to provides coverage and analysis of
SMX and its business. SMX provides company information to Frost
& Sullivan for it to prepare its reports.
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: matters
referred to in the Frost & Sullivan Market Analysis report
including projections relating to SMX's share price, matters
relating to the Company's fight against abusive and possibly
illegal trading tactics against the Company's stock; 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.
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SOURCE SMX