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SINGAPORE - Security Matters PLC (NASDAQ:SMX), a micro-cap technology company currently valued at $2.44 million, has formed a strategic collaboration with Bio-Packaging Pte Ltd to integrate molecular tracking technology into sustainable packaging products, according to a press release statement issued Monday. InvestingPro data shows the stock has declined over 99% year-to-date, though it currently trades at just 0.33 times book value.
The partnership will embed SMX’s molecular markers into Bio-Packaging’s post-consumer recycled (PCR), biodegradable and certified-compostable product lines during the manufacturing process. Each marked product creates a digital record on SMX’s blockchain platform when scanned, providing verification of the material’s origin and sustainability credentials. According to InvestingPro analysis, SMX faces significant financial challenges with a weak overall health score and current ratio of 0.21, indicating potential liquidity concerns.
"Our customers trust us for practical, cost-effective packaging that meets Singapore’s high environmental standards," said Lim Qin Jie, Director of Business Development at Bio-Packaging. "By fusing SMX’s traceability technology with our PCR, biodegradable and compostable offerings, we can now deliver indisputable evidence that each product lives up to its eco-promise."
The technology is designed to be added during production without altering material performance. The resulting data aligns with Singapore’s upcoming Extended Producer Responsibility scheme for packaging and can support regulatory compliance reporting.
The companies indicated the collaboration aims to address growing scrutiny over environmental claims by providing verifiable data on recycled content and composting outcomes. The partnership targets Singapore’s transition toward circular economy practices.
Bio-Packaging, founded in 2007, manufactures packaging products for supermarkets, food service operators and retailers with ISO 14001 certification. SMX specializes in molecular "physical-to-digital" fingerprinting technology for supply chain transparency. InvestingPro subscribers can access 16 additional investment tips and detailed financial metrics to better evaluate SMX’s market position and growth potential.
In other recent news, SMX (Security Matters) announced the formation of a new wholly owned subsidiary in Ireland named SMX (Treasury and Digital Asset Holding Company) Limited. This move is aimed at incorporating Bitcoin and other digital assets into the company’s treasury operations. The establishment of this subsidiary comes after the recent signing of the GENIUS Act into U.S. law, which sets a federal framework for cryptocurrency and stablecoins. Additionally, SMX has announced that its 4.1:1 reverse stock split will begin trading on an adjusted basis on June 16, 2025. This reverse split, approved by shareholders, will reduce the company’s outstanding ordinary shares from approximately 4 million to 1 million. The shares will continue to trade under the existing ticker symbol "SMX," but with a new CUSIP number and ISIN code. These developments are part of SMX’s ongoing strategic adjustments and expansion efforts.
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