SMX PLC (NASDAQ: SMX; SMXWW) SMX PLC (NASDAQ: SMX; SMXWW) stock has appreciated by over 31% in April. And a Stock Purchase Agreement (SPA) with Generating Alpha Ltd. could help steepen that impressive month-to-date trajectory. In a Form 6-K filed on Monday, SMX announced that Generating Alpha Ltd. has committed to purchase, from time to time, up to $30,000,000 of SMX's ordinary shares, subject to specific terms and conditions. According to the filing, the new SPA replaces the previously announced note and warrant transaction with Generating Alpha, announced earlier this month. Additionally, the filing said that at or around April 19, 2024, SMX terminated its $25 million Standby Equity Purchase Agreement dated February 23, 2023, as amended and supplemented, between the Company and YA II PN, Ltd.
With $30 million available at its discretion and what appears to be a much cleaner deal for capital, SMX can accelerate a 2024 agenda that has already been impressive. In fact, March and April have been filled with milestones, which could help create the pathway for its invisible marking and tracking technology to become integral to the global vision and mission of creating a circular, sustainable, and transparent economy. SMX's latest score was announced last week, saying it successfully completed its proof of concept for ethical sourcing and authentication of 2.2 tons of silver in cooperation with Sunshine Minting (SMI). The program covered the marking of the silver raw material through continuous manufacturing processes to final products, including recycling loops. Elements of the process demonstrate how remarkable this SMX technology is, especially its ability to survive through entire manufacturing processes.
In this instance, SMX technology survived not only the initial melting stage but also further processing of that silver into blanks, including casting, extrusion, rolling, annealing, blank cutting, and recycling. And its durability as a permanent identifier was 100%. Why is that important? Because of its durability, from silver billet to finished products, SMX can allow clients to provide irrefutable proof of quality and brand authentication for credible ESG reporting. That's more than valuable to the clients; it could facilitate SMX technology becoming mainstream in the massive metals sectors sooner rather than later.
An Invaluable Contributor To Tracking
That's not an overly ambitious assessment, considering that the SMX Marking System may provide not only the most efficient and non-destructive way of tracing, identifying, authenticating, and validating marked silver... it may be the only way. While that's a sure value driver, so is this: In addition to 100% accuracy in samples read during blind comparisons, data confirmed that all the mechanical and material properties of the silver remained intact, covering tensile microstructure, hardness, and grain size. That's the ultimate win-win proposition.
The metals sector is one of many potential winners. SMX announced another validation milestone in April, saying it successfully marked, invisibly, twenty-one tons of natural rubber sourced in Latin America. That's impressive on that merit alone. But consider this: This was a tree-to-tire validation process, where the invisible marking was done at the tree source and then followed through manufacturing and production processes.
Specifically, the SMX marker technology was added to the cup lump harvesting by the farmers before the transfer, meaning that SMX marking survived several logistics stages before it was sent to the manufacturing center, where the forty-two tons of latex was converted to twenty-one tons of natural rubber. Here's where that milestone gets better. After evaluating the SMX marker technology on that rubber, results demonstrated 100% success in proving raw material verification, origin authentication, and full traceability regarding supply chain data and manufacturing integrity. Only then was that end product transferred to commercial car, truck, and lorry tire manufacturing, where that rubber could be tracked from tree to final tire production.
While SMX didn't provide the client's name, that project may result from its relationship with Continental Rubber, noting that in 2023, SMX announced working with ContiTech, one of Continental's group sectors in Hanover, Germany, to evaluate the marking technology. Similar to results from its silver project, SMX said that the teams were able to 100% identify (through blind tests) the 'marked' and 'unmarked' natural rubber in engine mounts supplied by Continental for a global automotive company without affecting the material properties and the product performance. That success could open doors to other tire and rubber manufacturers like Bridgestone (OTC: BRDCY), Goodyear (NASDAQ: GT), Michelin (OTC: MGDDY), and Pirelli (OTC: PLLIF).
SMX Technology Is Barcodes On Steroids
Why would they turn to SMX for help? Because SMX is the only known company that can provide them the means to prove they're delivering on commitments made to implement green, clean, and sustainable business and manufacturing processes. In fact, beyond being the only company able to offer this tracking technology, it does so with perfection. Results published last week are the third 100% optimal read for SMX. And not just related to rubber for tires. Other projects validated natural rubber delivered by SMX for bicycle tires, engine mounts, and internal materials. While those markets present enormous revenue-generating opportunities, they are far from the only ones in the SMX crosshairs.
SMX invisible marker technology provides the same unblemished accuracy when marking plastics, oils, fabric, and other raw materials. As important, the mark can't be removed, destroyed, or altered, instead becoming a permanent part of a product's DNA. That's valuable because it provides companies throughout the supply chain buying, selling, or mining products with the most efficient and reliable means of identifying where products started, where they went, and how they will be reused in their life cycle. And with blockchain inclusion, that transfer chain is enhanced, earning SMX technology the right to be referenced as "The Intelligence of Things."
That's fitting since SMX marking technology is best described as barcodes on steroids. Remember, barcodes are static- and they still became one of the most widely adopted tools to create marketing and management efficiencies. But here's where being better, technologically speaking, can make a huge impact on those doing business in the 21st-century digital landscape.
Current barcode technology is primarily related to product pricing and inventory. SMX technology makes that look archaic. Keep in mind that SMX marker technology isn't a series of black lines; it comprises a chemical-based, hidden "barcode" system with a "reader" to identify unique codes and create a blockchain record to store, maintain, and protect data ownership. The value inherent to those abilities can be invaluable to miners, manufacturers, brands, and logistics providers, especially those who understand the importance of proving its contributions to sustainable and accountable business practices.
Multi-Sector Applications For SMX Technology
That includes food and beverage giant PepsiCo (NYSE: PEP). Last month, SMX filed about its pilot program with that company to deter counterfeiting and ensure that product authenticity is complete. The success of initial tests has moved the program toward finalizing an agreement that could scale the technology across their operations, providing PEP with accurate identification of marked PepsiCo packaging to validate supply chain transparency and safeguard brand integrity. If a final agreement is reached, the terms could be a massive revenue driver for SMX, considering the product volume associated with PepsiCo and their intent to promote and track sustainability initiatives across their European supply chain. They are far from the only company interested.
SMX continues adding to a Who's Who customer list that is interested in using its blockchain-tech system to identify, sort, monitor, and pack waste. That includes the Perth Mint, the North American Flame Retardant Alliance (NAFRA), LVMH Métiers d'Art (OTC: LVMHF), and the Israeli Cotton Board. Those established names represent just the tip of the revenue-generating iceberg regarding new client opportunities. Thousands of companies are committed to traceability, accountability, recycling, and fostering a global circular economy. Utilizing SMX can prove that they are delivering on that intent.
But know this- new client opportunities extend well beyond the private sector. SMX technology could become one of the most potent weapons in a homeland security arsenal to reduce the vast profits made without supply chain checks and balances, which often support global terrorism. While tracing these dollars through conventional manufacturing and transporting channels has been hard to stop, it's no longer impossible. SMX technology is precisely the type of technological asset needed to combat supply chain fraud and deficiencies.
Tracking Illicit Dollars Through The Supply Chain
And countries are spending billions elsewhere trying to do what SMX can likely do better. The United States's budget allocation for homeland security is expected to eclipse the $49.8 billion spent in 2021, sourcing innovative technology, like SMX's, to counter immersive threats. That's just the United States. Billions more are in play from other countries, many of which have an immediate need to bolster national security infrastructures. Those dollars could very well get earmarked toward SMX. But countries aren't the only big-ticket markets in play.
Companies and sectors also need protection. And some may ultimately be required to fortify their operational defenses. That could include companies in the digital assets sector like RIOT Platforms (Nasdaq: RIOT), Marathon Digital (Nasdaq: MARA), and CleanSpark (Nasdaq: CLSK). Due to their sector-user's anonymity and ease of transfer, digital assets can significantly threaten global homelands. No one's inferring they allow that to happen. Those are respected companies, but considering the millions in daily transactions, they could unintentionally provide a pathway to funding less-than-desirable occurrences. Those few highlight a significant consideration: Every company, food, beverage, digital asset, metals, or material must, in any way it can, ally on the side of homeland protection.
SMX may, therefore, be able to exploit being in a sweet spot of opportunity to attract near-term interest, including companies like First Majestic Silver (NYSE: AG), BHP Group (NYSE: BHP), Silvercorp Metals (NYSE: SVM), and others based on SMX's recent silver marking validation. Remember, like digital assets, metals are also used in trade with relative anonymity. Thus, with a means available to trace provenance from mine to bar, product, or coin, widespread sector adoption is undoubtedly an opportunity in play.
Seizing On A Compelling Value Proposition
Still, it's not any one market that exposes the SMX value proposition; it's all of them, especially combined, that demonstrate the extraordinary potential for SMX to transform ambition and excellent, world-changing technology into revenues. Considering SMX's technology may forever change for the better, supply chain life cycles, circular economy initiatives, corporate accountability, transparency, and product authenticity, that may indeed happen faster than many may think.
If so, current prices are more than a ground floor bargain; they are basement level. But know this: like all good deals, windows of opportunity often close quickly. Considering the series of updates showing convincing growth, substantial capital available to fuel 2024 growth, and a technology that is more than great, it's necessary; the one presenting SMX stock at these levels may be no exception.
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