SMX PLC Rises to the Challenge with a $5 Million Project Aimed at Evolving Supply Chain Transparency for NATO Member State

NEW YORK, Jan. 12, 2024 /PRNewswire/ -- The signing of a lucrative $5 million contract between SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW) and New York-based R&I Trading has made headlines in the industry. This project, guided by the visionary team at SMX, entails the deployment of their advanced technology to bolster supply-chain transparency initially for a single member state of NATO. This is followed by the intention of proliferating the initiative across more NATO member states.

Revolutionizing the Fast-Moving Consumer Goods (FMCG) Industry

The novel agreement with R&I Trading presents a laudable endeavor to establish fresh benchmarks in brand protection, authentication, and ethical sourcing – particularly concerning the Fast-Moving Consumer Goods (FMCG) sector, which includes the Beverage and Pharmaceutical industries. SMX's visionary approach will allow NATO member states to strengthen the integrity and transparency of their supply chains, highlighting the company's dedication to pioneering ethical business practices and technological innovations.

The President of R&I Trading reflected on the collaboration: "We're thrilled to initiate this contract with SMX. We believe their technology provides precisely what the industry requires in order to guarantee transparency and security within the global supply chains."

SMX’s Dedication to Ethical, Sustainable, and Transparent Business Practices

The launch of this initiative by SMX is a testament to its commitment to creating solutions that not only advance its technology but also promote ethical, sustainable, and transparent business practices across industries and international borders. In a world where the security of the supply chain is a growing concern, SMX is paving the way for a new level of transparency and safety in international trade.

About SMX

Renowned for pioneering technology in marking, tracking, measuring, and digital platform integration, SMX is a publicly traded company. 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. The company clearly demonstrates how the interplay between technology, business ethics, and environmental awareness could lead to promising economic scenarios that are conducive to sustainable development.

Forward-Looking Statements

As per the Private Securities Litigation Reform Act of 1995, this press release contains 'forward-looking statements' that encompass statements concerning hopes, beliefs, intentions, strategies regarding the foreseeable future, and more. Any statements that reference predictions, forecasts, or other characterizations of future events or circumstances, including any basic assumptions, are recognized as forward-looking statements. Readers should understand that these statements are based on present expectations, forecasts, and assumptions, which involve judgments, risks, and uncertainties. Consequently, forward-looking statements should not be solely relied upon as representing views as of any subsequent date, and the company is under no obligation to update them to reflect events or circumstances following the date they were made, except as may be required under applicable securities laws.

Risks and Uncertainties

Certain risks and uncertainties can significantly deviate the actual results from those expressed in the forward-looking statements. These risks include, but are not limited to, changes in applicable laws or regulations, the effects of the COVID-19 pandemic on SMX's business, SMX's ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities; the risk that the Company experiences difficulties in managing its growth and expanding operations, among others. For a detailed review of these risks, readers are advised to consult SMX's filings with the Securities and Exchange Commission.

SOURCE SMX