SMX ANNOUNCES FULL INDUSTRIAL MARKING PROCESS FOR NATURAL RUBBER FOR VEHICLE & TRUCK TIRES
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The completion of the marking of 21 tons of natural rubber by SMX PLC represents a significant advancement in the supply chain management for the automotive industry. The ability to trace the origin of raw materials is becoming increasingly important for companies looking to ensure sustainability and ethical sourcing practices. The technology utilized by SMX to mark and verify the authenticity of natural rubber from its source to the final product, enables a higher level of transparency that can be critical for companies under pressure from consumers and regulatory bodies to demonstrate responsible sourcing.
From a supply chain perspective, the implications of such technology are vast. It could potentially reduce the risk of counterfeit materials entering the supply chain, improve the efficiency of recalls and strengthen the brand image of companies that adopt it. Furthermore, full traceability can lead to better supply chain optimization and cost savings by pinpointing inefficiencies and bottlenecks.
SMX's successful demonstration of their marking technology's ability to ensure traceability from tree to tire is a noteworthy development in the context of environmental sustainability. The automotive industry is under increasing scrutiny for its environmental impact and the demand for sustainable practices is on the rise. By providing a means to authenticate the source of natural rubber, SMX is contributing to the reduction of illegal deforestation and the promotion of sustainable farming practices.
This technology could serve as an incentive for rubber producers to adhere to sustainable practices, as it provides a clear link between sustainably sourced materials and the end consumer. This level of traceability can also be a key differentiator in the market, as it adds value to the final product and can potentially command a premium price. In the long term, the adoption of such technologies could lead to a shift in industry standards towards greater sustainability and transparency.
The integration of SMX's marking technology into the production of car, truck and lorry tires is a testament to the company's growing influence in the automotive sector. The ability to ensure 100% success rates in origin verification and traceability of natural rubber is not just a technical achievement; it is a strategic move that aligns with the industry's push towards greater accountability and quality assurance.
For investors, the adoption of SMX's technology by tire manufacturers could signal a competitive edge. It enhances the brand's reputation for quality and reliability, which is paramount in the automotive industry. The potential for this technology to become a standard in natural rubber sourcing could lead to new partnerships and growth opportunities for SMX. However, it will be important to monitor the scalability of the technology and its adoption rate across the industry to fully assess its long-term impact on the market.
The company stated: "We are delighted to have been able to demonstrate SMX's value to deliver total supply chain authentication and traceability from tree to tire. We look forward to further developing our solutions across the global supply chain for the automotive industry. This is the third solution for natural rubber delivered by SMX spanning bicycle tires, engine mounts and internal materials, and now car and truck tires. We continue to strive to support the industry in the standardization for reporting on natural rubber sourcing."
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About SMX
As global businesses face 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 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, including its planned Plastic Cycle Token; 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; any lingering 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
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