Smart Containers Year-End Update
Dear investors, followers and friends,
The crypto market has shown significant contractions in the last few months. We’d like to assure you that this has no operative impact on our business. We have converted most of our capital raise into fiat a few months back.
The current correction of the market is not bad for us. It will reduce the speculative element in the field and reward companies that produce tangible outcomes like Smart Containers. We are confident to profit when the market picks up or stays constant.
Update on exchange listing strategy
We have been working tirelessly and are ready to launch our tokens on exchanges. However, as you can imagine, the current market contraction generates a particularly bad timing to list tokens at the moment. With the latest developments, a listing doesn’t make sense for us at this point of time. Let us explain why:
- Successful tokens are measured by trade volume and value development in the first 2 weeks. This is when crypto traders evaluate if the token is worth observing. The higher the trade volume the more interest the token will raise and the better the token price is likely to develop. In the current market environment, trading volumes are low in general, which is unfavourable for a listing of any token.
- Most investors have bought SMARC / LOGI tokens when the ETH price was around 450 USD and the BTC price close to 9'000 USD. Consequently, they will not want to sell tokens at this point of time but rather hold on to them. It is therefore fine for them if we wait for a market uplift before hitting the launch button.
- Tokenholders that will probably like to sell are our bounty participants. They have received smaller amounts of tokens for their loyal contributions during our ICO. While this token amount is small, if these are thrown on the market while there is no buyer (due to bad market condition), the token price is likely to fall, which is not in the interest of the majority of token holders.
Consequently, the Smart Containers Team, together with their expert advisors have decided to postpone a token listing for the time being. Rest assured that we are ready to go live whenever the market conditions become more favourable. We will provide updates as soon as we see changes rising.
Please keep in mind that all our token holders, including ourselves, have aligned interests. It is our goal to list our tokens on qualitative, secure and scam free exchanges as fast as possible. Since FINMA (Swiss financial market authority) has qualified both our tokens as asset tokens, we need to find exchanges with according trading capabilities in compliance with local regulation.
Meanwhile, we have excellent news on the business side: please find the latest business update hereafter.
Business Update
For SkyCell, 2018 was highly successful: We have faced tremendous growth and at the same time further improved our performance and product quality. Let us share some highlights with you:
A year of tremendous growth
SkyCell has won 9 major pharmaceutical clients, has increased its container fleet by more than 550 containers over the past 6 months and extended its team by more than 20 new members on multiple levels, especially in quality, business development and R&D. This rapid growth will propel SkyCell to become the 3rd largest provider by mid of 2019.
Outstanding quality performance
SkyCell is the first pharma container provider that had its performance audited by a Top 4 auditing company. With a result of less than 0.1% temperature excursions during the past 12 months, SkyCell proves a quality protection that is unparalleled in the industry. Read more here.
A growing network
Today, SkyCell containers can be used to more than 200 airport destinations. Worldwide. To further increase SkyCell’s global availability, we’ve expanded our service center network in the US and Asia.
On top of this we have decided to build up a dedicated SkyCell team in China. We see tremendous potential in addressing this specific market and have therefore translated our website and processes into Chinese. See here.
CO2 reduction champion in the industry
Sustainability is one of our three company core values and incredibly important to us. It has always been our goal to create better solutions for the industry as well as the environment. To us, providing the safest pharma containers worldwide is not enough. We also do our utmost to reduce CO2 emissions for each shipment. This gives us a purpose as a team.
To increase the visibility of CO2 emissions, SkyCell has mandated an independent party to analyse the ecological footprint of its containers. The results demonstrate significant CO2 savings of 35–50% if using a SkyCell container. Read more.
Partnership with DuPont
SkyCell and DuPont Safety & Constructions join forces to foster innovation and new product development. The collaboration is addressing the emerging requirements of the global supply chain sector and will find better solutions sto the cold chain market. Read more.
Partnering with the Best
When it comes to FoodGuardians, the business model is very different from SkyCell: have learned early on that partnering with the right strategic and operational partners is of paramount importance for a successful go to market and a fast and deep market penetration.
As communicated in our last business updates, we choose to partner with the industry leader in food crates. Schoeller Allibert has a long and ongoing history; from the beer crate to high tech Returnable Transit Packaging (RTP). Today they serve millions by providing all kinds of reusable and returnable transport packaging. The best-known product among them (most probably) is the foldable green food crate that is used to transport and present food in many grocery stores around the world.
We are happy to let you know that the product development of the “overnight delivery box” is in its last phase. The next step is to build up scalable production. We expect to deliver mass produced containers by Q3 2019. It is going to be the most cost efficient, revolutionary cooling box with unmatched performance. At the same time we are building up dedicated management team.
“We managed to design the products so it costs less than €1 EUR per day to protect the products that come to people’s homes when they shop online. Combining Schoeller Allibert’s long history of innovation in packaging with our cutting-edge container technology, we are poised to bring something truly exceptional to the industry, all at an affordable cost.” says Richard Ettl, CEO of Smart Containers.
As you can see for yourself, 2018 has been a very intensive year. So much has happened and we have been working our asses off. While SkyCell and FoodGuardians moved forward fast and with high focus, we have had to reduce the speed on our plans regarding the LOGI CHAIN project. There was simply too much to do at the same time.
We have started to evaluate different infrastructure protocols and assessed their relevance for the LOGI CHAIN project. There is a strong preference between 2 of them, but we have not taken a final decision yet. In any way, we aim to build a protocol agnostic product.
Multiple scenarios have already been discussed with various potential partners. The project has a good standing and there are several interested participants. We are planning to have a minimal viable product by the end of Q3 2019 latest.
We hope this business update lets you grasp how we bring your investment into fruition. Our ship is moving forward steadily. We are delighted to have you on board.
Wishing you happy holidays and looking forward to updating you in the new year!
Richard Ettl, CEO and Nico Ros, CTO
and the Smart Containers Team
