SMX, Aegis Team up for Package
SMX (Security Matters) PLC (NASDAQ:SMX), a pioneer in digitizing physical objects for a circular economy, announces a strategic collaboration with Aegis Packaging, a Singapore-based leader in high-barrier coatings for flexible plastic packaging. This alliance merges SMX's invisible molecular marking and blockchain-based platform with Aegis Packaging's O2X coating technology offering a seamless way to enhance the recyclability and verifiability of plastic packaging
Aegis Packaging's O2X enables recyclable packaging to achieve high barrier performance. This innovation opens the door to replacing non-recyclable, high performance alternatives with recyclable options, driving broader adoption and enhancing sustainability in packaging.
As businesses grapple with escalating regulatory and consumer demands for sustainability, the partnership aims to shift packaging from a linear "take, make, dispose" model to one rooted in circularity. SMX's patented markers, applied during production, remain with the plastic throughout its lifecycle. By pairing these permanent markers with a secure digital record, the exact recycled content, number of reuse loops, and origins of the packaging can be verified in real time.
Aegis Packaging's O2X™ coating further strengthens these efforts by enabling mono-material packaging to replace existing high barrier multi-material packaging which simplifies sorting and maximizes recyclate yield.
“Together,” to quote this morning’s news release, “SMX and Aegis address the global call for more efficient materials and waste management, reliable data on recycled content, and compliance with stricter environmental laws.”
SMX shares galloped 55 cents, or 37.7%, to $2.01.
