SMX and REDWAVE: Transforming Recycling with Plastics Passport

SMX, listed on NASDAQ, has signed a Letter of Intent with REDWAVE to commercialize an innovative Plastics Passport. This partnership aims to redefine recycling by embedding molecular markers into materials, creating a traceable digital twin. This innovation promises to enhance transparency and trust in the recycling process.

By integrating SMX's traceability technology with REDWAVE's sorting capabilities, the collaboration seeks to certify and add value to recycled materials. The goal is to ensure compliance and make recycled materials as reliable as virgin materials. This development introduces SMX's Plastic Cycle Token, a digital asset that monetizes verified recycled content.

This venture marks a step towards establishing global recycling standards, offering governments, companies, and investors effective tools for sustainability. SMX CEO described the initiative as pivotal, aiming not just for incremental improvements but for establishing new industry benchmarks.