Phoenix, Arizona--(Newsfile Corp. - March 15, 2023) - The Stock Day Podcast welcomed Security Matters Limited (NASDAQ: SMX) ("the Company"), a forward looking, B2B white label technology company which empowers companies across a variety of different 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. Founder and CEO of the Company, Haggai Alon, joined Stock Day host Everett Jolly.
Jolly began the interview by asking about the Company's background and current projects. "The technology emerged from the Israeli government," explained Alon. "It has proven to be both stable and reliable, which are of course very important tests to pass," he said, adding that the technology is also scalable, while offering transparency. Alon then elaborated on the applications of the Company's technology, which is designed to give materials in all states of matter, solid, liquid, and gas, the ability to maintain a virtual memory of their origination, processing and supply chain journey. "Our technology can be utilized for ethical sourcing, supply chain transparency, blend efficacy and blend liability, and the recycling and reuse of materials."
"How did you get started on this, and how do you explain the technology to investors?", asked Jolly. "We give materials memory by having a unique chemical marker that can mark anything and everything," said Alon. "This memory can stay with them from the virgin raw material stage, to the production stage, and to the waste stage," he explained. "When we connect the chemical marker, or the memory inside the material, to a supply chain platform, you get the unique connection between the physical and the digital world," said Alon. "This platform service enables global companies to have full visibility on the production and quality of the materials."
"What we see is that companies are looking for a one-stop technological solution that can replace human and paper auditing, as well as certification and quality of origination of the material that will help them to meet sustainability goals and keep a competitive edge," said Alon. "Our technology allows companies to deal with all of those issues in an efficient and diligent way," he added. "We call it the 'full-one concept'; one material, one production line, one factory, one region, and scalability."
"What industries are first movers and what seems to be motivating them - is it de-risking or meeting compliance, or simply doing the right thing?", asked Jolly. Alon elaborated on the complexity of global supply chains, as well as the tension that is spread quickly by growing costs and interest rates. "Companies are looking to have one technology that will serve more than one purpose," said Alon, noting that the Company's technology serves as a platform designed to provide efficiency and a competitive edge, while also providing more sustainable outcomes.
"SMX seems to have maintained the interest of investors - what has been the key driver and what is the outlook for keeping the stock's value?", asked Jolly. "SMX is the technology of tomorrow, SMX is the tool for corporate America to continue to lead the world, SMX is the ability to deal with one technology with all of the material and the challenges of how to be more competitive in this very complex environment," shared Alon. "We have been approached by major Fortune 500 companies and by global companies all over the world, because this technology is mature, scaled, and is backed by close to 100 patents."
To close the interview, Alon encouraged listeners and shareholders to keep up-to-date on the Company's upcoming projects and announcements as they continue to build value and provide corporations with responsible and sustainable solutions.
To hear Haggai Alon's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8264283-security-matters-limited-founder-and-ceo-haggai-alon-is-featured-on-the-stock-day-podcast.
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SMX - Giving materials a memory of their origination and history, so, it can be recycled, reused, and authenticated multiple times.
SMX is a forward looking, B2B white label technology company which empowers companies across a variety of different 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 technology solution that enables supply chain authentication, traceability, and transparency, transforming businesses for participation in the circular economy. Its technology gives materials in all states of matter, solid, liquid, and gas, the ability to maintain a virtual memory of their 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.
Shareholders can contact our transfer agent, Continental Stock Transfer & Trust Company, via its website www.continentalstock.com, or its customer service phone number 212-509-5586.
Following the consummation of the business combination on March 7, 2023, statements will be mailed to shareholders within three business days.
Continental will send a statement and welcome letter to shareholders once the records become live on their system. Continental cannot answer any shareholder questions until the data is loaded and it is live on March 7, 2023.
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: statements about the ability to obtain or maintain the listing of the ordinary shares on Nasdaq following the business combination; 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 following the business combination; 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 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 the Registration Statement filed on Form F-4, as amended (File No. 333-267301), including those under the section entitled "Risk Factors".
Follow SMX through their social channel @secmattersltd
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