SMX and BT-Systems Sign LOI for Advanced Recycling Traceability Solutions
Reuters
Sep 15
SMX and BT-Systems Sign LOI for Advanced Recycling Traceability Solutions
SMX (Security Matters) Public Limited Company has announced the signing of a Letter of Intent with BT-SYSTEMS GmbH, through its Competence Center REDWAVE, to jointly develop advanced sorting and certification solutions for the recycling industry. This 12-month collaboration aims to integrate SMX's molecular marking and blockchain-backed digital passport technology into BT-SYSTEMS' high-speed detection and sorting platforms. The partnership seeks to enhance transparency and traceability of materials, enabling industries to transition towards a circular economy. The collaboration aims to establish industry standards and facilitate the global adoption of sustainable practices by ensuring recycled materials can re-enter supply chains with trusted quality and compliance. At the conclusion of the collaboration period, both parties will evaluate future steps, potentially leading to definitive agreements regarding the production and sale of products.
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