RCS - Supply@ME Capital - Strategic alliance with p-Chip Corporation

Supply@Me CapitalAnnouncement

21/05/2024 07:00

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RNS Number : 1849P  Supply@ME Capital PLC  21 May 2024

21 May 2024

Supply@ME Capital plc

(the "Company", "Supply@ME" or "SYME" and, together with its subsidiaries, the
"Group")

Platform update: strategic alliance with p-Chip Corporation

SYME, the fintech business which provides an innovative fintech platform (the
"Platform") for use by manufacturing and trading companies to access Inventory
Monetisation© ("IM") solutions enabling their businesses to generate
cashflow, is pleased to announce progress towards a strategic alliance with
p-Chip Corporation ("p-Chip") by signing a Memorandum of Understanding (the
"Agreement") aimed at establishing a framework for collaboration between the
parties to study the integration of the respective technologies.

p-Chip is an innovative identity solutions company based in Chicago,
specialising in the development and application of microtransponder technology
for tracking physical products and materials. p-Chip is collaborating with the
Parmigiano-Reggiano consortium to enhance inventory control and
authentication, ensuring the quality and provenance of this iconic cheese.
Additionally, p-Chip is working in collaboration with Merck Group to advance a
digital platform that enables customers to create digital twins of individual
physical products, proving their authenticity throughout the product life
cycle.

The Agreement envisages, also through the co-development of ad hoc
intellectual property:

·    the integration of p-Chip's indexing platform (hardware and software)
with SYME processes and systems;

·    the development of several use cases, pilot programmes and
go-to-market strategies.

The combination of p-Chip's technology with the Platform will further
strengthen the role of Supply@ME, as Platform and inventory service provider
within the Inventory Monetisation transactions by further strengthening the
ability to monitor and inspect, with an improved accuracy and new anti-fraud
enhancements, each inventory item monetised. This development contributes to
the key strategic priorities of the Group as outlined in SYME's Annual Report
and Accounts for the year ended 31 December 2023 that can be found on the
Company's website at
https://www.supplymecapital.com/page-results-and-reports/.

 

Alessandro Zamboni, CEO of SYME, said: "We are delighted to partner with
p-Chip and its unprecedented technology. It's great to see their first
adoption also in the agri-food industry, considering the important funding
commitment recently announced by the first Italian banking group to provide
support to such supply chains.

On the other hand, we aim at also using the p-Chip technology in other
sectors. We consider Internet of Things and robotics as two key technologies
to enable our Inventory Monetisation model to be accessible to multiple
sources of funding, removing the barriers of mistrust regarding frauds and,
more general, operational risks over the inventory tracking processes".

 

Joe Wagner, CEO of p-Chip Corporation, said: "At p-Chip, we believe in pushing
the boundaries of what's possible with technology. Our partnership with SYME
is a testament to this vision. Together, we're not just integrating systems;
we're revolutionizing the way inventory is tracked and monetised. By combining
our microtransponder technology with SYME's innovative platform, we're
creating a new paradigm where accuracy, trust, and efficiency redefine the
industry standards. This is just the beginning of a future where technology
seamlessly empowers businesses to unlock unprecedented value".

 

Contact information

Alessandro Zamboni, CEO, Supply@ME Capital plc, investors@supplymecapital.com
(mailto:investors@supplymecapital.com)

 

About SYME

SYME and its operating subsidiaries provide its Platform for use by
manufacturing and trading companies to access inventory trade solutions
enabling their businesses to generate cashflow, via a non-credit approach and
without incurring debt.  This is achieved by their existing eligible
inventory being added to the Platform and then monetised via purchase by third
party Inventory Funders.  The inventory to be monetised can include
warehoused goods waiting to be sold to end-customers or goods that are part of
a typical import/export transaction.

 

About p-Chip Corporation

Since 2018, p-Chip Corporation has revolutionised the tracking of physical
products and materials with its breakthrough microtransponder technology.
Highly durable and small as a grain of salt, its uniquely traceable,
light-activated p-Chip crypto anchor functions like a digital twin for
physical items. This silicon microchip authenticates goods across the supply
chain and enables secure tracking of data through web, cloud, or blockchain
applications. From life sciences and healthcare to electronics, automotive
components, food ingredients, and more, organizations worldwide look to
patented p-Chip microtransponders to securely track chain-of-custody, unlock
business intelligence, protect brand and product integrity, and enhance
revenue. To learn more, visit www.p-Chip.com.

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