The reward is recognition of SMX’s globally collaborative approach to building a scalable platform amid the shift to a global circular economy.

Security Matters (ASX:SMX) – a company focused on marking and digitising objects to facilitate the development of the global circular economy – has confirmed its leadership role after winning a key industry award this month.

SMX’s victory was part of an annual awards ceremony hosted by Frost & Sullivan – a multinational market research firm headquartered in New York with offices in 45 companies.

The winning companies are deemed to have demonstrated best practice in various fields of technology and innovation, and SMX’s victory puts it among leading tech innovators from across the globe.

 

Market leadership

For its category, SMX was awarded the 2021 Global Waste Management & Recycling Digitalization Technology Innovation Leadership Award.

The award is testament to SMX’s breadth of activity in the recycling innovation space over the past 12 months, as it partners with leading global companies and organisations.

Along with the development of commercial partnerships in industries spanning industrial production, fashion and food agriculture, the company has also focused on building a collaborative approach with key stakeholders.

Those initiatives included SMX’s participation in a global taskforce comprising 14 of the world’s largest electronics companies to develop a shared vision for the circular economy in economics.

The company also opened a Sustainability Competence Centre for fashion brands, providing them with a transparent shared platform for recycling their goods back into high-quality materials and merchandise

In presenting its annual awards, the Frost & Sullivan team base their decisions on in-depth interviews, analysis, and extensive secondary research.

Winning companies demonstrate competency across a range of metrics including revenue growth, market share and overall contribution to the industry.

For its victory in the global waste management and recycling innovation award, SMX was assessed across seven core metrics, starting with its commitment to innovation and creativity.

It was also assessed with respect to its operational efficiency, commercialisation success, application diversity, growth potential and financial performance.

As it heads into 2022 with plenty of operational momentum, the company’s latest global award is recognition of CEO Haggai Alon and the SMX executive team’s ability to build a scalable business amid the shift to global circular economy solutions.

This article was developed in collaboration with Security Matters, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.