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NEW YORK - SMX (NASDAQ:SMX), currently trading at $1.39 with a market capitalization of $1.78 million, and BT-Systems’ Competence Center REDWAVE have demonstrated new technology that enables detection, separation, and certification of previously unrecyclable plastics at industrial speeds, according to a press release statement. According to InvestingPro analysis, the company’s stock has shown significant price volatility, with 14 key insights available to subscribers.
The demonstration, conducted before the European flame-retardant authority NAFRA, showed capabilities for processing food-grade packaging, flame-retardant materials, and carbon black plastics - materials that have traditionally been difficult to recycle.
The technology uses molecular markers that can be embedded directly into plastic materials, allowing for verification and certification in real-time. This enables previously undetectable carbon black plastics to be identified and sorted during the recycling process.
SMX also introduced the Plastic Cycle Token (PCT), a system that converts certified recycled plastic into tradable digital assets, potentially creating new market opportunities in the recycling industry.
The company claims the technology addresses key challenges in multiple industries. For food packaging companies, it offers a way to verify food-grade recycled content. In automotive and electronics manufacturing, the system can identify flame-retardant plastics that require special handling.
NAFRA’s presence at the demonstration is significant as the European regulatory body has influence over industry standards. Their validation could potentially lead to wider adoption of the technology across European markets.
The breakthrough comes as manufacturers face increasing regulatory pressure to incorporate more recycled content in their products while maintaining safety and performance standards.
SMX states that its technology transforms recycling from a compliance requirement into a potential profit center by creating verifiable supply chains for high-quality recycled materials.
In other recent news, SMX has announced the completion of two proof-of-concept trials for its plastic sorting technology, conducted in collaboration with RedWave. These trials successfully demonstrated the identification and sorting of food-grade plastics and flame-retardant black plastics. SMX has also entered into a Letter of Intent with BT-Systems’ Competence Center REDWAVE to integrate molecular traceability technology into industrial-scale recycling systems. This partnership aims to enhance recycling processes by combining SMX’s molecular markers with REDWAVE’s detection systems for real-time material certification.
Additionally, Singapore has launched the world’s first national plastics passport system in collaboration with SMX and the Agency for Science, Technology and Research (ASTAR). This system embeds unique codes into plastic materials, creating digital passports that track materials throughout their lifecycle. SMX is further developing a molecular marking technology and digital plastic passport system to standardize recycling verification internationally. This initiative aims to provide consistent verification of recycled content across different national regulations.
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