Special Report: Shares in Security Matters (ASX:SMX) are currently trading at all-time highs, thanks to recent momentum gained from a series of announcements about the potential for the company’s tech around the globe.
The brand protection, supply chain integrity and blockchain tech company reached as high as 70c on Tuesday, up 218 per cent since the start of the year.
It told investors on Monday about a collaboration agreement it has signed with BASF SE to assess how Security Matters’ technology can be used within BASF’s performance chemicals and the myriad products it produces.
BASF, listed on the Frankfurt Stock Exchange and worth about $100 billion, is the world’s largest chemical producer. It has presence in more than 80 countries, customers in more than double that, and employs about 115,000 people.
That built on the momentum that Security Matters has gained this year, following moves into the medicinal cannabis and electronic componentry industries, successful agricultural trials of its technology working in seeds, and the shaking of hands with some of the world’s largest technology companies at the 4YFN conference, part of the World Mobile Congress, in late February.
The tech behind the noise
Security Matters’ technology allows any solid, liquid or gas to be invisibly and irrevocably ‘marked’ using a chemical-based barcode.
It can then be read using a proprietary reader and stored via a blockchain record, ensuring its security.
This allows parties to keep an eye on moving parts over supply chains.
Special Report: A seed supply chain integrity and authentication solution made by Security Matters has successfully passed Phase II testing as the company ramps up commercialisation.
Brand protection, supply chain integrity and blockchain tech company Security Matters (ASX:SMX) was participating in Phase II trials aimed at assessing whether its authentication technology could be incorporated into seeds during an entire process cycle with no impact to their quality.
It required Security Matters to apply its ecological markers into the seeds using a drop-in method during the production process, and the results showed the markers were successfully integrated and could be read using the company’s proprietary reader.
The markers were also confirmed to have no negative impact on any of the seeds’ key properties, including genetic code or physical characteristics, and no impact on any of the processes involved during conservation, delivery, marketing, sprouting or growth.
Global seeds market potential
The company has been working hard to provide its technology, which enables any solid, liquid or gas to be invisibly and irrevocably marked using a chemical-based barcode, to the agricultural industry, which has been estimated at $11.8 trillion.
Founder and CEO Haggai Alon said the latest trial results put Security Matters on track towards commercialisation.
“SMX’s vision is to set the food security standards in Australia, with the goal of ensuring consumers their food is safe and made from high-quality products.”
“This supports SMX’s agriculturally focussed farm-to-plate growth strategy of ensuring genuine food provision to consumers globally by providing quality assurance across the entire production process and supply chain,” he said.
The global seeds market is expected to reach $156 billion by 2020.
Next steps
Next up is Phase III trials, which are expected to commence after March and be completed by June. Upon successful completion of Phase III trials, the company will reach full commercialisation of its agricultural offering, with revenues in expected.
Special Report: Security Matters will soon be inserting its technology into packaging for trusted Australian medicinal cannabis companies thanks to a deal with CliniCann
Brand protection and anti-counterfeiting technology company Security Matters (ASX:SMX) has signed a deal with CliniCann to provide its proprietary tech for medicinal cannabis packaging.
The major move into a market that Energias Market Research tips will hit $39 billion by 2024 means Security Matters will have exclusive rights to incorporate its track-and-trace technology into primary and secondary packaging of all products manufactured by CliniCann customers across the globe, excepting the USA.
Security Matters’ technology allows any solid, liquid or gas to be invisibly and irrevocably ‘marked’ using a chemical-based barcode.
It can then be read using a proprietary reader and stored via a blockchain record, ensuring its security.
This allows parties to keep an eye on moving parts over supply chains.
While this announcement focuses on using the proprietary tech to mark cannabis product packaging, Security Matters sees opportunities to bring greater transparency to supply chains with its ability to the product itself, including organic source materials, including seeds and plants.
Packaging for well-known Aussie medcann companies
CliniCann was established in 2017 by the founders of AusCann (ASX:AC8) and Zelda Therapeutics (ASX:ZLD).
Since then, the company has secured a number of agreements to distribute medicinal cannabis products for certain territories including the UK, Australia, South Korea, Thailand and South America.
Haggai Alon, founder and chief of Security Matters, said the deal gave the company expedited entry into the broader global pharmaceutical industry.
“Signing this agreement to work with CliniCann represents a fantastic opportunity for us to access the ever-growing medicinal cannabis sector within new geographies,” he said.
“The CliniCann team is comprised of high-profile medicinal cannabis experts with a long history of commercialising products and companies in the sector and we look forward to working together in what we envisage to be a long and fruitful relationship.”
David Wheeler, CliniCann chairman, said the deal would provide his company with security and peace of mind as it ramps up expansion.
“The signing with Security Matters is a milestone step for CliniCann as it develops its medical cannabis distribution footprint ahead of a proposed listing on the London Stock Exchange in 2019,” he said.
The company is working with CliniCann to build track-and-trace solutions for distributors in the medicinal cannabis industry, giving them critical supply chain integrity, essential in keep customers, distributors, prescribers and regulators happy as the market grows.
“We are excited to be involved with such an innovative and technically strong organisation and look forward to bringing these technologies and innovations to the global cannabis space.”
Special Report: Security Matters believes it has the first – and only – technology that can mark, track and authenticate all materials used in the manufacturing of your smart TV, mobile or tablet.
he company has wrapped up extensive testing and trials that successfully shows its technology is flexible enough to be fused in the production and assembly of a range of electronic components, systems and devices.
That’s everything from silicon-based micro processors and motherboards to everyday products like mobile phones, laptops and computers.
So, what? Well, the potential of the technology is significant.
It sets a new global standard for technology integrity, and addresses fundamental elements of manufacturing such as brand liability, counterfeit and quality issues.
The losses for brands globally from counterfeiting alone are in excess of US$500 billion annually.
The next generation
Security Matters (ASX:SMX) owns technology it calls “The Intelligence on Things” (IoT).
It allows any solid, liquid or gas to be invisibly and irrevocably ‘marked’ using a chemical-based barcode, ‘read’ using a proprietary reader and stored via a blockchain record.
The technology can be applied to raw materials or at any stage of the production process, and enables the tracking of the entire product lifestyle and as products move globally.
Manufacturing electronics is a long and complex process. Take autonomous cars as an example. The liability of electronics could become a serious issue and the quality of the computer software and components are crucial to the movement of cars and the safety of passengers.
Security Matters’ technology seeks to create a trusted connection between physical products and digital applications.
Company founder and CEO Haggai Alon says the test results represent the next generation of IoT technology.
“The completion of trials, projects and pilot testing not only confirms our technology works but also demonstrates how agile and versatile it can be,” said Mr Alon.
“We are working towards becoming an integral part of brand and sector integrity management globally.
“Completion of these tests further validates our technology and marks the next phase of growth and development for us,” he added.
The company says this is the most strategic achievement to date. It believes the technology has the potential to elevate it from a young company to a powerful market leader.
It will present its findings to technology companies next week at the Four Years From Now (FYFN) Conference in Barcelona.