Israeli technology company Security Matters is planning to list on the ASX via an initial public offering (IPO) on 13 September 2018 at an indicative market cap of AUD $18.5-$20 million.
Security Matters is transforming brand liability, authentication, tracking and proactive quality assurance with its technology that permanently and irrevocably “marks” any object in solid, liquid or gas form. The technology was originally developed by the Israeli Government, at the Soreq Nuclear Research Center. It is based on three parts: the chemical-based hidden “barcode” system, along with a unique “reader” to identify the codes, and use of a blockchain record to store and protect ownership data.
The three Co-Founders Haggai Alon, David Rosenblatt and Ed Hofland bring decades of experience in building successful companies in both Israel and Silicon Valley. The company is also backed by a experienced team of Corporate Advisors and Non-Executive Directors.
Haggai Alon, Co-Founder & CEO of Security Matters, said: “We are supported by a highly astute Advisory Board, led by Major General Ami Shafran, Chairman of Elsight Trading (ASX: ELS) and a team of experts that have significant corporate experience in leading highly successful companies globally and have supported companies that have been successful listing on the ASX.”
Dynamic Business spoke to Haggai Alon, Co-Founder & CEO, Security Matters about the industry disruptive technology and becoming an ASX listed company.
Read the full article by Gali Blacher at Dynamic Business.