Yahoo Finance SMX ANNOUNCES FULL INDUSTRIAL MARKING PROCESS FOR NATURAL RUBBER FOR VEHICLE & TRUCK TIRES
NEW YORK, April 10, 2024 /PRNewswire/ -- SMX (Security Matters) PLC (NASDAQ:SMX; SMXWW), a pioneer in digitizing physical objects for a circular economy, has announced today that it has now successfully completed the marking of 21 tons of natural rubber sourced in Latin America from tree to tire. The program covered the marking at the tree in Latin America through manufacturing and production in the region. The SMX marker was added to the cup lump harvesting by the farmers prior to transfer to the manufacturing centre where the 42 tons of latex was converted to 21 tons of natural rubber. The bails were then transferred to tire manufacturing for commercial car, truck and lorry tires. The tires were then sent for evaluation. The results demonstrated 100% success rates on all marked tires to have a proven verification technology for origin authentication of the natural rubber and full traceability all along the entire supply chain data and integrity from tree to tire.
The company stated: "We are delighted to have been able to demonstrate SMX's value to deliver total supply chain authentication and traceability from tree to tire. We look forward to further developing our solutions across the global supply chain for the automotive industry. This is the third solution for natural rubber delivered by SMX spanning bicycle tires, engine mounts and internal materials, and now car and truck tires. We continue to strive to support the industry in the standardization for reporting on natural rubber sourcing."
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About SMX
As global businesses face new and complex challenges relating to carbon neutrality and meeting new governmental and regional regulations and standards, SMX is able to offer players along the value chain access to its marking, tracking, measuring and digital platform technology to transition more successfully to a low-carbon economy.
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