SMX (Security Matters) Public Limited Company provides brand protection authentication and track and trace technology for the anti counterfeit market. The company’s solution uses a marker a reader and a blockchain platform to verify origin and movement of goods. It serves manufacturers and brand owners seeking to secure supply chains and prove product authenticity.
The company generates revenue through business to business sales of its marking system readers and related…
SMX (Security Matters) Public Limited Company provides brand protection authentication and track and trace technology for the anti counterfeit market. The company’s solution uses a marker a reader and a blockchain platform to verify origin and movement of goods. It serves manufacturers and brand owners seeking to secure supply chains and prove product authenticity.
The company generates revenue through business to business sales of its marking system readers and related services. It offers white label solutions and charges set up fees implementation fees and service fees based on volume or fixed rates. Revenue also comes from licensing its technology to partners and providing blockchain data storage and verification.
The company holds a niche position in the market for anti counterfeit solutions due to its proprietary marker technology and patented reader. Its technology can be applied across many industries including plastics metals agriculture and luxury goods. This broad applicability creates a barrier to entry for competitors. The company leverages partnerships with industry leaders to establish its solution as a standard.
The company works with a range of customers including manufacturers packaging firms logistics providers and luxury brands. Specific collaborators mentioned in the filing include Bio Packaging Pte Ltd BT SYSTEMS GmbH LIQOS Sunshine Minting Inc Sumitomo Corporation and A STAR. These partnerships span sectors such as recycling aerospace finance and textiles.
Sector:TechnologySector rationaleThe company's core revenue is driven by a blockchain platform, licensing of proprietary technology, and the sale of a marking system and readers used for authentication and track-and-trace. This aligns with the Technology sector's scope for AI platforms, blockchain infrastructure, and IT services. A secondary sector of Industrials is justified because the company sells physical hardware (readers) and provides supply chain security services to manufacturers and logistics providers.Industries:Cybersecurity SoftwareTechnologyPrimaryThe company provides brand protection, authentication, and anti-counterfeit technology to secure supply chains and prove product authenticity. Its core offering is a security solution consisting of markers and readers designed to prevent fraud and counterfeiting for manufacturers and brand owners.Blockchain InfrastructureTechnologySecondaryThe company utilizes and sells a blockchain platform to verify the origin and movement of goods, generating revenue from blockchain data storage and verification services.Electronic ComponentsTechnologySecondaryThe company designs and sells proprietary hardware, specifically its patented readers and marking systems, which serve as electronic components for authenticity verification.Classified using BQ-MICSCIK: 0001940674