SMX (NASDAQ:SMX) shares began Wednesday slightly ahead of Tuesday’s finish. The New York-based company, a global pioneer in digitizing physical objects for a circular economy, today announced the successful completion of two proof-of-concept trials, conducted over two consecutive days, with its service provider RedWave, demonstrating advanced sorting solutions for NAFRA (North American Flame Retardant Alliance) and A*Star (Singapore's Agency for Science, Technology and Research).
The trials validated the commercial-speed identification and sorting of both food-grade plastics (as part of SMX's collaboration with A*STAR for its project in Singapore) and flame-retardant black plastics with NAFRA.
SMX harbours the opinion that these trials represent a critical step toward establishing an industry standard for plastic traceability and recycling. By embedding SMX's molecular markers into materials and pairing them with RedWave's proprietary detection and sorting systems, the platform is being designed to deliver two outcomes:
1. Increasing the use of recycled content in new plastic applications.
2. Creating a full ecosystem through SMX's blockchain-backed digital passport, allowing for traceability from raw materials through production, recycling, and reuse.
Through SMX's blockchain-backed digital passport, this breakthrough potentially creates a full digital platform ecosystem for plastics - enabling traceability from raw materials through production, recycling, and reuse. This allows for every stage of the material lifecycle to be certified and trusted, laying the groundwork for recognized global standards in sustainable plastics.
SMX shares grabbed two cents, or 1.4%, to $1.42.
Tech Insider
