TEL
AVIV, Israel, April 17,
2023 /PRNewswire/ -- Equity research is published in
Frost & Sullivan's Independent Equity Research Program
framework. Investors trust this type of equity research as it is
unbiased, and analysts have no financial interest in the
stock. Our publically available full reports linked below give
invaluable insight into the valuation of the companies we cover and
their markets. You can explore all of the companies we
cover HERE and contact for more details or tell us about
companies you want us to cover
at equity.research@frost.com.
SMX (Security Matters) PLC (NASDAQ: SMX)
SMX (Security Matters) PLC (NASDAQ: SMX) was established in
2015, utilizing technology originating from the Israeli government.
The company developed a unique chemical-based digital tracking
solution to efficiently and securely realize the benefits of the
circular and closed-loop economy across various industries.
SMX's technology features a chemical-based marker system that
imprints a unique, permanent mark on solid, liquid, or gaseous
objects or materials, paired with a patented reader and algorithm
for secure data storage using blockchain. This innovative solution
enables next-generation Intelligence ON Things, improving supply
chain integrity, brand authenticity, and end-to-end
transparency.
Strategy — SMX's chemical-based digital tracking solution
focuses on realizing the benefits of the circular and closed-loop
economy, offering an easily deployable, best-in-class solution for
supply chain integrity and brand authenticity. The company's market
entry strategy includes adoption by market leaders, becoming an
industry standard, and regulator adoption. Concentrating on the
circular economy, particularly plastics, SMX operates as a B2B
service platform in various target segments, generating revenue
through multiple streams, including implementation fees, technology
license fees, and usage-based service fees.
In our view, SMX is at the forefront of the rapidly growing
circular and closed-loop economy market. The company has a unique
technology that has been proven to be highly effective and is
gaining recognition across various industries. The increasing need
for supply chain integrity, brand authenticity, and end-to-end
transparency, driven by the global focus on sustainability and the
fight against climate change, contributes to the growth in this
market.
We value SMX's equity at approx. USD 77.3
million, with a price target in the range of USD 3.12 to USD
3.75, and a mean of USD
3.44.
Full Report HERE
View original
content:https://www.prnewswire.com/news-releases/frost--sullivan-analysts-coverage-of-smx-security-matters-plc-301798720.html
SOURCE Frost & Sullivan