Recent Updates On Three Technology Stocks: SMX, YOJ and AB1

Jul 23, 2019

Technology is the use and application of science to make life simpler. It helps the user to get the work done in an efficient and effective manner and on time. In today’s scenario, technology plays a major role across all sectors, be it healthcare, automobile, education, food, agriculture, logistics, etc.

In this article, we would be covering the recent updates of three technology companies.

Security Matters Limited

The company Highlights: Security Matters Limited (ASX: SMX) is a company from the Information Technology sector and has started the commercialisation of the unique, patented technology that uses a hidden chemical-based ‘barcode’ for marking any object in any form of matter (solid, liquid or gas).

Announcement: On 16 July 2019, the company announced that it had filed a patent application for the polymers used for identifying as well as authenticating artwork which includes fine as well as ancient art. This patent marks the second US patent filed in the year 2019.

The patent is related to polymeric markers which comprise of one or more tracers, developed by SMX and is explicitly designed to be included in all materials used in all artwork along with fine and ancient art without bringing any changes in the art in any way.

The company is optimistic about this technology as it sees multiple use cases, as well as potential customers for this technology in the fine art space. SMX deploys its proprietary reader to log the details onto the blockchain and thus authenticate the process.

Haggi Alon, the Founder and CEO of the company, stated that the company with this patented technology is now able to create a digital twin of any piece of artwork.

Stock Performance: In the last six months, the shares of SMX have provided a decent return of 44.26%. SMX opened flat at A$0.440 on 23 July 2019. At the time of this writing, the shares were trading at A$0.430 down by 2.273% compared to its previous closing price (as at 1:18 PM). SMX has a market cap of A$48.36 million and ~ 109.91 million outstanding shares.

Yojee Limited

The Company Highlights: Yojee Limited (ASX: YOJ) is a logistics technology company which uses Artificial Intelligence (AI) and Machine Learning for optimizing as well as managing delivery operations.

Announcement: On 11 July 2019, Yojee Limited provided a corporate update to the market related to the continued growth as well as validation in global verticals supported by large legacy enterprise solution companies.

The company has continued with its strategic growth with its latest initiatives in the economically massive global logistics (third-party logistics market is estimated at over a trillion dollars), retail and transport sectors across industries, sectors as well as transport sectors.

In the logistics segment, the company’s innovative enterprise-grade technology achieved its first payment from 3 large verticals, which includes its global top 10 logistics customer. The company has started receiving the monthly recurring fees as well as the setup fees from its customers.

The company has also deployed as well as monetised its solution with Landmark Group. Landmark Group is one of the biggest retail and hospitality corporations in the regions of Middle East, Africa, Asia along with India. Landmark Group has opted to continue with the company after the successful pilot testing where the company's software was supported in Malaysia. The company further expects its software and network to roll out in other countries as well. Landmark Group has upwards of 2,300 outlets across 22 countries as well as popular brands like Steve Madden, Nandos and Babyshop.

The AI-backed solution of the company is capable of managing as well as optimising various service types. The Version 2 software of the company has proven to be flexible and has the potential to support use cases beyond traditional freight logistics.

Stock Performance: In the last six months, the shares of YOJ have provided an impressive return of 105.36%. The shares were trading at A$0.115, flat as compared to its previous closing price (as at 1:54 PM, 23 July 2019). YOJ has a market cap of A$97.46 million and ~ 847.44 million outstanding shares.

Animoca Brands Corporation Limited

The Company Highlights: Animoca Brands Corporation Limited (ASX: AB1) is an app maker for smartphones and tablets from the communication services sector, and it uses gamification, blockchain, as well as artificial intelligence technologies for developing as well as publishing mobile products which include games like The Sandbox and products like Garfield, Snoopy etc.

Announcement: Recently, the company announced that it had signed a binding term sheet via its subsidiary Animoca Brands Limited for acquiring 100% of Gamma Innovations Inc. Gamma Innovations Inc is a Los Angeles based company which develops the GammaNow computing engine. GammaNow is a desktop application which uses the free processing power of the computer in generating Gamma Points, enabling the users to obtain in-game rewards for their preferred games.

The company is acquiring Gamma for a price of US$350k with a potential earnout of US$2,500k. The acquisition price would be applicable in case Gamma is able to achieve a cumulative revenue target of at US$5 million in the next 3 years along with a net profit of at least 5% during the period.

Also, Gamma had entered into a Software License and Development Contract with Razer, which is a top global lifestyle brand for gamers. Under the agreement, Gamma white-labelled GammaNow would be developing the Razer SoftMiner’, that would use the free processing power of the user to mine for ethereum. In December 2018, Razer SoftMiner was launched and was included in the software running across 60 million users of Razer. With the acquisition of Gamma, the company would also have an opportunity to have a commercial relationship with Razer, representing over 60 million users, dominated mostly by gamers.

Stock Performance: In the last six months, the shares of AB1 have provided a decent return of 85.39%. The shares were trading at A$0.160, down by 3.03% as compared to its previous closing price (as at AEST 2:05 PM, 23 July 2019). AB1 has a market cap of A$135.47 million and ~ 821.01 million outstanding shares.


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