SMX Secures $5M NATO Supply Chain Transparency Contract
Ticker: SMXWW · Form: 6-K · Filed: Jan 12, 2024 · CIK: 1940674
| Field | Detail |
|---|---|
| Company | Smx (Security Matters) Public Ltd Co (SMXWW) |
| Form Type | 6-K |
| Filed Date | Jan 12, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: contract-win, supply-chain, defense, FMCG
TL;DR
**SMX just landed a $5M contract with R&I for NATO supply chain tech, big win for their growth!**
AI Summary
SMX (Security Matters) Public Ltd Co announced on January 12, 2024, a new $5 million contract with R&I Trading of New York. This agreement will deploy SMX's technology to enhance supply chain transparency for a NATO member state, with potential expansion to others, focusing on brand protection and ethical sourcing in the Fast-Moving Consumer Goods (FMCG) sector. This matters to investors because securing a significant contract with a NATO-related entity demonstrates the company's ability to monetize its technology and expand its market reach, potentially leading to increased revenue and stock value.
Why It Matters
This contract signifies SMX's technology is gaining traction in critical sectors like defense and FMCG, potentially opening doors for larger, more stable revenue streams and validating its brand protection solutions.
Risk Assessment
Risk Level: low — Securing a $5 million contract with a reputable entity like R&I Trading for NATO-related work generally reduces financial uncertainty and validates the company's technology.
Analyst Insight
A smart investor would view this contract as a positive indicator of SMX's market penetration and technology validation, potentially warranting further research into the company's financials and future growth prospects, especially in the defense and FMCG sectors.
Key Numbers
- $5 million — Contract Value (the total value of the contract secured by SMX with R&I Trading)
- January 12, 2024 — Contract Date (the date the press release was issued and the contract was announced)
- 001-41639 — Commission File Number (SMX's SEC filing identification number)
Key Players & Entities
- SMX (Security Matters) Public Ltd Co (company) — the registrant announcing the contract
- R&I Trading of New York (company) — the counterparty in the $5 million contract
- NATO (organization) — the alliance whose member states will benefit from the supply chain transparency technology
- Haggai Alon (person) — Chief Executive Officer of SMX, who signed the filing
- Fast-Moving Consumer Goods (FMCG) (other) — the sector targeted for supply chain transparency, including Beverage and Pharmaceutical industries
Forward-Looking Statements
- SMX will secure additional contracts with other NATO member states. (SMX (Security Matters) Public Ltd Co) — medium confidence, target: 2025-01-12
- SMX's revenue will increase in the next fiscal year due to this contract. (SMX (Security Matters) Public Ltd Co) — high confidence, target: 2024-12-31
FAQ
What is the specific purpose of the $5 million contract between SMX and R&I Trading?
The contract aims to deploy SMX's technology to enhance supply chain transparency for a NATO member state, with the expectation of expanding to further NATO member states, specifically focusing on brand protection, authentication, ethical sourcing, and origination in the Fast-Moving Consumer Goods (FMCG) sector, including Beverage and Pharmaceutical industries.
Which entity is the counterparty to SMX in this new contract?
The counterparty to SMX in this new contract is R&I Trading of New York.
What is the reported value of the contract announced by SMX?
SMX announced a contract valued at $5 million.
When was this 6-K filing and the associated press release dated?
Both the 6-K filing and the associated press release (Exhibit 99.1) are dated January 12, 2024.
Who signed the 6-K report on behalf of SMX (Security Matters) Public Limited Company?
The 6-K report was signed by Haggai Alon, Chief Executive Officer of SMX (Security Matters) Public Limited Company.
Filing Stats: 158 words · 1 min read · ~1 pages · Grade level 13.5 · Accepted 2024-01-12 10:41:46
Filing Documents
- form6-k.htm (6-K) — 14KB
- ex99-1.htm (EX-99.1) — 18KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- ex99-1_002.jpg (GRAPHIC) — 12KB
- 0001493152-24-002138.txt ( ) — 54KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 12, 2024 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY By: /s/ Haggai Alon Name: Haggai Alon Title: Chief Executive Officer