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SMX Soars 74.14% on Plastic Circularity Partnership

Generated by AI AgentAinvest Pre-Market Radar

Friday, Aug 29, 2025 7:55 am ET1min read

Aime Summary

- SMX surged 74.14% in pre-market trading following its partnership with Singapore’s A*STAR to develop a plastic circularity platform.

- The collaboration combines SMX’s molecular marking technology with A*STAR’s detection systems to trace 5,000+ tonnes of post-consumer plastics annually by Q2 2027.

- SMX’s Plastic Cycle Token (PCT), replacing carbon credits, targets a S$4.2 billion market opportunity by promoting verified recycled plastic usage and reducing incineration.

On August 29, 2025, SMXSMX-- surged 74.14% in pre-market trading, marking a significant milestone in its market performance.

SMX's recent partnership with Singapore’s A*STAR to develop a plastic circularity platform has been a key driver of its stock price surge. This collaboration leverages SMX’s molecular marking technology and A*STAR’s detection capabilities to trace over 5,000 tonnes of post-consumer plastics annually by the second quarter of 2027. The initiative aims to reduce incineration and promote the use of recycled materials through verified post-consumer resin sales and fee savings.

The introduction of the Plastic Cycle Token (PCT), backed by verified recycled plastic, is set to replace carbon credits and unlock a S$4.2 billion regional market opportunity. This innovative approach not only addresses environmental concerns but also presents a lucrative financial prospect for SMX, further bolstering investor confidence in the company's future growth potential.

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