Newly-listed Security Matters just scored a spot in Intel’s disruptive tech program
Special Report: Brand protection, supply chain integrity and blockchain technology company Security Matters has secured the support of one of the world’s biggest tech brands.
The newly-listed company (ASX:SMX) announced today it is one of only 12 companies accepted into Intel’s Ingenuity Partner Program.
The Israeli-based program is designed for start-up companies with innovative and disruptive technology – and it’s easy to see how Security Matters fits the bill.
Its technology is known as “The Intelligence on Things” and allows any solid, liquid or gas to be invisibly and irrevocably ‘marked’ using a chemical-based barcode, and ‘read’ using a unique proprietary reader.
It provides a safe, effective and unique way to track items from raw materials through to manufacturing and sale and enables a tamperproof record of physical good movements throughout the supply chain.
As part of the Intel program, Security Matters will receive one-on-one guidance from Intel’s technical experts to improve its products and leverage Intel’s technology resources, global deployment and extensive network.
What’s more is that Security Matters will also collaborate with Intel to explore how it’s technology can help safeguard and enhance Intel products.
Security Matters’ chief Haggai Alon says being accepted into the program provides strong validation for their technology and a unique opportunity to develop its relationship with a major tech company.
“This opportunity represents an inflection point in our growth strategy and is the first step in building relationships and commercial traction with large corporations across various sectors.”
“We are working towards being the leading global record keeping of physical goods,” he added.
Security Matters listed on Monday following a $6 million oversubscribed initial public offering.
It has commenced commercialisation of its technology and says it has already secured a number of Memorandums of Understanding (MoU) and proof of concept trials with several multinational companies.
Security Matters is a Stockhead advertiser.