Special Report: Brand protection, supply chain integrity and blockchain tech company Security Matters has begun life listed on the ASX following a $6 million initial public offering.

The company, trading under the code SMX, opened at 20c on Monday.

It raised $6 million before costs, closing over-subscribed, with offers scaled back, and has commenced commercialisation of its unique, patented technology that allows for the permanent marking and tracing of any solid, liquid or gas.

More than 370 new shareholders joined the register, with the offer receiving strong support from a broad base of institutional, professional and high net worth investors.

Security Matters chief and founder Haggai Alon said he was proud to lead the 18th Israeli company to list on the ASX.

“The ASX has given us a house and we are intending on making the Australian market our home. The board and management team are focused on the successful commercialisation of our unique technology and building long term value for shareholders,” said Mr Alon.

“This is all about creating a better commercial environment and building a nextgen layer of trust between buyers and sellers.

“It’s connecting the physical world to the digital era in a secure way using blockchain,” he added.

Unique, proven technology targeting a large, growing market

Security Matters owns technology it calls “The Intelligence on Things” which allows any solid, liquid or gas to be invisibly and irrevocably ‘marked’ using a chemical-based barcode, and ‘read’ using a unique proprietary reader.

The technology provides a safe, effective and unique way to track items starting with raw materials, through to manufacturing and sale, providing a tamperproof record of physical good movements throughout the supply chain.

It also enables proof of authenticity and can provide quality assurance and store and protect ownership of data, all using blockchain technology.

The result is a viable solution that can be used across a wide variety of sectors, including the global anti-counterfeit market, which Allied Research estimated was valued at USD$1.77 trillion in 2015 alone.

Security Matters has commenced commercialisation of this technology – initially developed and proven by the Israeli Government.

Early momentum

Security Matters says it has already been successful in securing a number of Memorandums of Understanding (MoU) and proof of concept trials, including with several leading global companies across a range of sectors.

It also says it is progressing other discussions across a range of potential opportunities and expects to share additional commercial outcomes in the coming months.

 

Security Matters is a Stockhead advertiser.

This advice has been prepared without taking into account your objectives, financial situation or needs. You should, therefore, consider the appropriateness of the advice, in light of your own objectives, financial situation or needs, before acting on the advice. If this advice relates to the acquisition, or possible acquisition, of a particular financial product, the recipient should obtain a disclosure document, a Product Disclosure Statement or an offer document (PDS) relating to the product and consider the PDS before making any decision about whether to acquire the product.

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