SMX (Security Matters) (NASDAQ:SMX) shares are surging after the company unveiled a groundbreaking integration of its technology to mark and protect NFC and RFID chips.

This innovation aims to reduce risks of counterfeiting, tampering, and supply chain vulnerabilities.

The company has embedded its unique markers into the coating of standard NFC and RFID chips, enabling precise authentication and verification throughout their lifecycle.

The proprietary coating not only works with off-the-shelf chips but also enhances durability, performance, and resilience to environmental stressors, potentially extending the lifespan and reliability of the chips.

Additionally, the coating can store data and withstand high temperatures (up to 150°C), providing extra protection against the elements.

SMX envisions its technology benefiting the growing market for wearable and flexible electronics, including smartwatches, fitness trackers, and medical devices, where secure, lightweight, and durable components are essential.

The technology is also well-suited for use in fashion, sports, and activewear, where components need to endure tough conditions like washing, flexing, and exposure to sweat and corrosion.

This month, SMX and Ybyra Capital formed a partnership. This deal positions Brazil to fully leverage its vast resources while implementing advanced technology for supply chain traceability, accountability, and sustainability, showcasing the country's commitment to leading global change.

Price Action: SMX shares are up 31.5% at $0.2867 at the last check Thursday.

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