Haggai Alon (“H”), Founder, Executive Director, and CEO of SMX (Security Matters) Public Limited Company (NASDAQ: SMX) ($SMX) (“SMX”) is with New to The Street’s TV Host Jane King to update viewers about corporate ongoings. From the Nasdaq MarketSite studio, H informs viewers about SMX’s business relationship with Sumitomo Corporation based in Japan. As a large conglomerate, Sumitomo used non-ferrous metals for its automotive, aerospace, and infrastructure divisions. Copper, aluminum, and other non-ferrous metals are key components for electronics, parts, and building materials. From mining to final goods, SMX provides a molecular marker technology that tracks/traces every step in a production cycle. The technology creates a memory that tracks all steps from mined sources to final goods produced and records each step on a blockchain. Authenticity, ethical sources, content purities, recycling qualities/quantities, and reuses are available using SMX’s track/ trace technology. H say SMX created a white-label B2B solution for Sumitomo, using the technology from the mine source to final goods sold, ensuring they have verifiable qualities, quantities, and ethical sources. The technology tracks percentages of the recycled components used in secondary life products. SMX would like to create industry-wide standards on all types of industrial products, whereas everything is on the blockchain from start to finish. The blockchain gives immediate information that can assure quality control validation needed internally at Sumitomo and for Sumitomo’s customers. The interview will air on Bloomberg TV, episode 472, on May 27, 2023, at 6:30 PM ET, and the FOX Business Network, episode 473, on May 29, 2023, at 10:30 PM PT.
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