NEW
YORK, Jan. 12, 2024 /PRNewswire/ -- SMX
(Security Matters) PLC (NASDAQ:SMX; SMXWW) is pleased to
announce a $5 million contract with
R&I Trading of New York. This
project, spearheaded by the SMX team, will deploy SMX's
cutting-edge technology to enhance supply chain transparency with
respect to a NATO member state and with the expectation of
expanding to further NATO member states
This new agreement with R&I Trading aims to set new
standards in brand protection, authentication, ethical sourcing,
and origination, specifically for the Fast-Moving Consumer Goods
(FMCG) sector, including Beverage and Pharmaceutical industries.
SMX's innovative approach will enable NATO member states to ensure
the integrity and transparency of their supply chains, reflecting
the company's commitment to ethical business practices and
technological innovation.
The President of R&I Trading, commented about the
collaboration: "We are excited to enter into this agreement with
SMX. We believe that their technology is exactly what the industry
needs to ensure transparency and security in global supply
chains."
SMX's initiative is a testament to its dedication to providing
solutions that not only advance its technology, but also promote
ethical, sustainable and transparent business practices across
industries and international borders.
About SMX:
SMX is a publicly traded company renowned for its pioneering
technology in marking, tracking, measuring, and digital platform
integration. SMX's solutions are designed to support businesses in
their transition to a low-carbon economy, offering end-to-end
traceability and quality assurance across various sectors.
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
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