Special Report: Shares in Security Matters (ASX:SMX) are currently trading at all-time highs, thanks to recent momentum gained from a series of announcements about the potential for the company’s tech around the globe.
The brand protection, supply chain integrity and blockchain tech company reached as high as 70c on Tuesday, up 218 per cent since the start of the year.
It told investors on Monday about a collaboration agreement it has signed with BASF SE to assess how Security Matters’ technology can be used within BASF’s performance chemicals and the myriad products it produces.
BASF, listed on the Frankfurt Stock Exchange and worth about $100 billion, is the world’s largest chemical producer. It has presence in more than 80 countries, customers in more than double that, and employs about 115,000 people.
That built on the momentum that Security Matters has gained this year, following moves into the medicinal cannabis and electronic componentry industries, successful agricultural trials of its technology working in seeds, and the shaking of hands with some of the world’s largest technology companies at the 4YFN conference, part of the World Mobile Congress, in late February.
The tech behind the noise
Security Matters’ technology allows any solid, liquid or gas to be invisibly and irrevocably ‘marked’ using a chemical-based barcode.
It can then be read using a proprietary reader and stored via a blockchain record, ensuring its security.
This allows parties to keep an eye on moving parts over supply chains.
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