COLUMBUS,OHIO‍

December 3, 2024

Hexion Inc., a global leader of adhesives and performance materials solutions, today announced its acquisition of Smartech, a cutting-edge technology company at the forefront of AI-driven autonomous manufacturing solutions. This strategic acquisition, Hexion's first in a decade, marks a bold step in the company’s strategy to revolutionize the manufacturing ecosystem, harnessing cutting-edge AI and machine learning technology to drive unprecedented gains in production efficiency, cost, sustainability, and product quality—in the wood processing industry and beyond.

 “This a defining moment for Hexion as we integrate Smartech’s world-class artificial intelligence and automated manufacturing capabilities with our unmatched expertise in resins and wood processing,” said Michael Lefenfeld, President and CEO of Hexion. "As global manufacturing industries continue to grapple with rising raw material costs, supply chain pressures, and environmental changes, Hexion’s investment in AI-driven innovation positions us at the forefront of smart manufacturing. With this technology, Hexion and Smartech will help customers optimize production, reduce waste and deliver superior quality, all while spurring sustainable growth.

 "Our partnership with Hexion will further amplify the reach and impact of Smartech’s AI technologies across the globe, bringing immediate value to manufacturers who must balance the challenges of cost control, plant modernization, and environmental responsibility,” added Hanoch Magid, CEO of Smartech. “With a shared commitment to sustainable innovation, Hexion and Smartech are poised to lead the way to deliver AI-powered solutions that redefine industry standards and foster a more resilient, environmentally-responsible manufacturing sector.”

Smartech’s award-winning AI and autonomous manufacturing technologies combine artificial intelligence, advanced control systems, and process optimization algorithms to drive critical process improvements for customers. The engineered systems, including SmartWAX, SmartPF, and SmartMDI, integrate seamlessly with Hexion's product portfolio, strengthening the company’s leadership in the adhesives, construction, and building materials sectors.

One of Smartech’s flagship innovations, the patented SmartMDI system, exemplifies the potential of this new alliance. By using dynamic chemistry control to allow for more precise resin application in engineered wood production, SmartMDI enhances surface coverage and reactivity, reduces raw materials cost, and lowers VOC emissions. The ability to generate significant cost savings—more than 15% per mill—SmartMDI demonstrates its power to deliver environmental and economic value in manufacturing.

This acquisition also aligns with Hexion’s 5-year transformation journey under the stewardship of American Securities, which took ownership in 2022.The move amplifies Hexion’s long-term vision to deliver short-term value gains while simultaneously positioning the 150-year-old company for its next century of market leadership via a renewed focus on innovation, operational excellence and partnerships that turn bold ideas into real-world solutions.

 The financial terms of the Smartech acquisition were not disclosed. Smartech will continue to operate as an independent business entity servicing its customers as it does currently.

About Hexion  

Hexion is a leading global producer of adhesives and performance materials solutions. The company provides specialty products and solutions for customers in diverse industries, including construction, agriculture, energy, automotive, and infrastructure protection. With over a century of expertise, Hexion is committed to advancing sustainable solutions that preserve natural resources and address the challenges of a changing climate. Learn more at www.hexion.com.

About Smartech  

Founded in 2005 and serving customers across North and South America, Europe and APAC, Smartech is a technology leader specializing in AI-driven manufacturing solutions that optimize efficiency, sustainability, and production quality. Its innovative tools are trusted by top-tier customers worldwide, transforming traditional manufacturing processes and setting new standards in digital automation. Learn more at https://www.smartech.com.

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TEL AVIV, ISRAEL

September 3, 2024

SMARTECH is proud to announce that it has been selected as a finalist at the prestigious ICIS Innovation Awards 2024 with its breakthrough raw material system, SMARTMDI that helps wood-based panel manufacturers to reduce MDI resin use, cut costs and lower environmental impact.

SMARTECH is shortlisted in “The Best Process Innovation” category that gives entrants a chance to show how innovative and sustainable they are in the fundamental areas of new process development and process improvement – vital areas of innovation underlying better use of energy and raw materials, improved economics, safer performance, and reduce environmental impact.

Hanoch Magid, CEO of SMARTECH, expressed his pride in this achievement: "It is an honor to be a finalist in the ICIS Innovation Awards 2024 in such a competitive and challenging year. This recognition highlights SMARTECH's commitment to groundbreaking innovation and sustainability in the traditional manufacturing sector. SMARTECH's selection as a finalist is a testament to the exceptional capabilities of SMARTECH’s technology solutions."

Ira Glazer, Director of Science, added: "The patented SMARTMDI system, part of SMARTECH's portfolio, is designed to dramatically increase the efficiency of raw materials consumption. SMARTECH is helping manufacturers achieve profitability and sustainability goals while breaking current raw material consumption paradigms that assume that a significant raw materials reduction is impossible. We are also delighted with the feedback we have received from partners and customers which has been extraordinary.”

The winner of the ICIS Innovation Awards 2024 will be announced later this year. SMARTECH looks forward to the announcement and is optimistic about the future impact of its innovations on the manufacturing industry.

Learn more about SMARTECH’s innovations, and award-winning products and technology on smartech.com.

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About the ICIS Innovation Awards

The ICIS Innovation Awards celebrate and reward companies that lead the way in product, process, and digital innovations, with a strong emphasis on sustainability. The awards aim to recognize and reward sustainability, creativity, and vision within the chemicals industry.

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About ICIS

ICIS - Independent Commodity Intelligence Services - helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets.

Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.

Over 150 years of shaping the world by connecting markets to optimise the world's valuable resources. With a global team of more than 750 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.

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About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by unleashing the latent potential of data and raw materials impacting production processes, and helping industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.

SMARTECH - Manewfacturing™ Technologies has a presence in the USA, Canada, Europe, Asia and Latin America.

For more information about SMARTECH solutions, visit www.smartech.com.

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For media and press inquiries, please contact:

Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

BOSTON, MASSACHUSETTS, UNITED STATES

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July 3, 2024

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SMARTECH, a leader in delivering groundbreaking technologies to the industrial sector and pioneering autonomous production capabilities, is excited to announce the global adoption of its MANEWFACTURING™ trademark. This trademark has been recognized in various regions worldwide, including the USA, Europe, China, Australia, Japan and recently Brazil.

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“We believe the MANEWFACTURING™ brand name accurately represents SMARTECH’s vision of cutting-edge, technology-driven production,” said Hanoch Magid, SMARTECH’s CEO. “The traditional manufacturing sector is undergoing a transformation into an advanced MANEWFACTURING™ domain. With our digital AI Autonomous Manufacturing platform and Raw Materials Systems deployed across five continents, SMARTECH is well-positioned to lead this evolution.”

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Hanoch Magid added, “The manufacturing sector is one of the largest in the global economy. We are confident that companies leveraging MANEWFACTURING™ technologies will outperform those that do not. Moreover, they will attract tech talents who are currently inclined towards the high-tech sector.”

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About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by unleashing the latent potential of data impacting raw materials and processes, and helping industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.

SMARTECH - Manewfacturing™ Technologies has a presence in the USA, Canada, Europe, Asia and Latin America. For more information about SMARTECH solutions, visit www.smartech.com.

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For media and press inquiries, please contact:

Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

TEL AVIV, ISRAEL

May 27, 2024

SMARTECH is proud to announce that it has completed the installation and commissioning of the first SMARTMDI water-based MDI suspension system at a US OSB mill. SMARTMDI is an innovative industry-first MDI resin suspension system that reduces MDI consumption by more than 15% while keeping board properties equal or better.‍

SMARTMDI is a proprietary engineered solution whereby MDI resin is dispersed in a water phase and delivered at low viscosity and with lower volatility to the wood substrate. The superior distribution of MDI allows a reduction in the amount of MDI resin needed to bind the wood strands. SMARTMDI integrates seamlessly with existing production lines. This step-change reduction in MDI consumption will turbocharge wider adoption of MDI resin, which is recognized as the best-performing wood binder. Furthermore, MDI meets no-added-formaldehyde labeling requirements and the reduced resin use in boards matches perfectly with sustainability considerations.‍

Ira Glazer, SMARTECH Director of Science said “We are very pleased to have unequivocally validated this technology at industrial scale. The path from idea generation to on-site operation is not trivial and is a testament to the vision and subsequent dedication of all those who had a hand in bringing SMARTMDI to fruition.”‍

Hanoch Magid, SMARTECH CEO said “We are deeply satisfied to have reached this critical milestone for SMARTMDI. We have demonstrated MDI cost savings on a full-scale OSB production line while simultaneously improving panel properties. This is a significant moment for manufacturers who use MDI resin whereby an almost immediate drop in expenditure for raw inputs is attainable. This goes conjointly with our newly introduced SMARTPF system and acclaimed Autonomous Manufacturing platform. We look forward to supplying wood-based panel manufacturers with this breakthrough technology.”‍

About SMARTECH‍
SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw material use and unleashing the latent potential of data, and helps industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets. SMARTECH, Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia, and Latin America.‍

For more information about SMARTECH solutions, visit http://www.smartech.com‍

For media and press inquiries, please contact:
Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

TEL AVIV, ISRAEL

April 11, 2024

SMARTECH and Walker Industries are pleased to announce they have completed the first SMARTWAX System installation of 2024 at an OSB mill located in the United States. This is a demonstration of the successful partnership between SMARTECH, a technology provider to the traditional manufacturing sector, and Walker Industries, a trusted supplier to multiple traditional industrial sectors.

Walker’s Emulsions division has a long pedigree of supporting engineered wood product manufacturers with superior products and services. Walker is the exclusive distributor of SMARTWAX Systems in North America.

SMARTWAX is the renown wax suspension technology from SMARTECH, which delivers critical water resistance to wood-based panels at lower cost than many wax emulsions and molten waxes for wood-based panels.

The seamless partnership between SMARTECH and Walker has led to the successful delivery on-schedule of the SMARTWAX System to a leading OSB manufacturer in North America. Hanoch Magid, SMARTECH CEO, said: “We are pleased to start 2024 with a smooth and successful commissioning of another SMARTWAX System. The excellent quality and deep cost savings are excellent propositions during a time when the general market conditions are cloudy. SMARTWAX will contribute meaningfully to managing raw material costs while ensuring rigid quality specifications are met.”

Larry Sinnige, Director of Innovation & Product Development at Walker, said “We are proud to have completed the commissioning of the SMARTWAX System and to support our wood-based panel customers with SMARTECH’s renown technology. I would like to take this opportunity to congratulate all involved in this successful installation! We look forward to continuing to provide value to wood-panel manufacturers.”

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw material use and unleashing the latent potential of data, and helps industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets. SMARTECH, Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia, and Latin America.

For more information about SMARTECH solutions, visit http://www.smartech.com

‍About Walker Industries

Walker Industries is a fifth generation, family-owned Canadian company that has operated from its base in the Niagara Region for more than 130 years. With facilities across Canada and the United States the company employs more than 1,200 people in environmental waste management and recovery, renewable energy, paving and construction, aggregates, and emulsions. For more information about Walker, visit walkerind.com.

For media and press inquiries, please contact:

Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

TEL AVIV, ISRAEL,

April 8, 2024 ‍

SMARTECH is proud to announce that it has been awarded today for the second time consecutively by People and Computers in its annual competition for IT Excellence in the category of Digital Transformation and Innovation for its implementation of Autonomous Manewfacturing™ software at an American manufacturing facility.

SMARTECH won the award for the implementation of AI modules on the OT stack for an American wood-based panel manufacturer. This project delivered substantial efficiency improvements to the manufacturing customer that brought a direct impact to their bottom line and led to additional projects across their enterprise.This is the second year in a row that SMARTECH has won an award for its breakthrough autonomous manufacturing platform for the manufacturing sector. The AI-based solution autonomously drives critical production equipment while improving throughput and quality while lowering costs.

Hanoch Magid, SMARTECH CEO said “We are very pleased to have won this award two years in a row. The positive response from the market, our customers and partners is the strongest testament that there is demand for cutting-edge AI-based technology from the manufacturing sector. Our deeply innovative Autonomous Manewfacturing™ platform supercharges performance improvements across line capacity, stability, quality and costs. This speaks to manufacturers who face a challenging business environment and have found a way to achieve further growth with SMARTECH’s solutions.”

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw material use and unleashing the latent potential of data, and helps industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets. SMARTECH, Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia, and Latin America.For more information about SMARTECH solutions, visit http://www.smartech.comAbout People & Computers IT AwardsPeople & Computers hosts an annual awards event to acknowledge outstanding IT projects involving Israeli companies. The jury is made up of a group of distinguished industry representatives who select the top projects which showcases the depth and breadth of industry accomplishments. For more information, see https://www.pc.co.il/

‍For media and press inquiries, please contact:

Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

Tel Aviv, March 20, 2024

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SMARTECH presented a keynote address on the Revolutionary Impact of AI for the Wood Industry at the Panel & Engineered Lumber International Conference & Expo (PELICE) on March 15 in Atlanta, Georgia to great acclaim. The talk, given by SMARTECH’s AI Director Oren Yahav, was received with vivid interest by wood-based panel manufacturers and vendors to the sector.

At a time when Artificial Intelligence breakthroughs are capturing the public’s attention, the opportunities for early adopters in manufacturing have never been starker. AI tools for manufacturing bring improved productivity, lower costs, more consistent stability, and a range of other benefits that will give adopters a structural edge versus the competition. Following further SMARTECH conversations with PELICE participants, the prospects for additional business growth powered by AI was a common theme.

Oren Yahav, AI Director at SMARTECH said “The enthusiasm in the crowd was palpable. There were many follow-up questions after the talk which were a clear indication that AI is of immense interest with a promising set of opportunities. We look forward to supporting many of these manufacturers as they embrace closed-loop process control.”SMARTECH is the first company to offer AI-based closed-loop real-time process control to wood-based panel manufacturers under the Autonomous Manewfacturing™ framework. With systems’ installations completed successfully, SMARTECH is leading the way for the wood-based panel sector to enter the age of AI.

To watch Oren Yahav’s presentation at PELICE 2024, click here.

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw material use and unleashing the latent potential of data, and helps industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets. SMARTECH, Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia, and Latin America.

For more information about SMARTECH solutions, visit http://www.smartech.com

‍For media and press inquiries, please contact:

Ms. Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

Tel Aviv, 5 March 2024

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SMARTECH, a pioneering high-tech company will be attending PELICE 2024 in Atlanta, Georgia from March 14-15, 2024, to showcase its breakthrough technologies and strengthen partnerships.

Oren Yahav, SMARTECH’s AI Director will be delivering a keynote talk on the morning of Friday March 15 - “Revolutionizing the Wood-Based Panel Industry Through the Power of AI Technology.” Here Oren will describe the value latent in next-generation Artificial Intelligence for wood-based panel manufacturers to improve quality, throughput and cost metrics while overcoming the challenges inherent in an industry-wide shortfall of skilled operators and volatile raw material costs.

We invite manufacturers to come and hear how our proven AI-enabled Autonomous Manewfacturing™ solution is closing the control loop in real-time and driving critical manufacturing processes autonomously. With a wide range of modules for multi-opening presses, continuous presses and more, SMARTECH’s AI-based platform helps wood manufacturers to dramatically improve plant capacity and cost structure.Furthermore, SMARTECH has recently launched the SMARTMDI water-based MDI suspension system which reduces at least 15% of MDI use without any penalty in board quality. In addition, the latest innovation is the SMARTPF System that was developed to help our North American customers to reduce PF resin consumption by 15% without any chemical additives.

Hanoch Magid, CEO of SMARTECH emphasizes: "We are a uniquely innovative technology company that specializes in developing and providing cutting-edge solutions to the wood-based panel sector. Our tech equipment for raw material optimization like our renown SMARTWAX System and our proven AI-based tools improve production efficiency and revolutionize the whole industry;” Hanoch adds: “We are thrilled to see colleagues again at PELICE 2024!”.

To discover how to unlock the potential of your production lines with the power of AI/ML technology and discuss business opportunities, please contact us at marketing@smartech.com.

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw material use and unleashing the latent potential of data, and helps industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets. SMARTECH, Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia, and Latin America.For more information about SMARTECH solutions, visit http://www.smartech.com.

‍For media and press inquiries, please contact:

Ms. Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

Tel Aviv, 7 November 2023

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SMARTECH, a pioneering technology leader in AI-driven solutions for traditional manufacturing, is thrilled to announce the highly anticipated commercial release of an additional module, SmartForming as part of its AI-based Autonomous Manewfacturing™ platform offered to the wood-based panel manufacturing. This cutting-edge technology marks a significant advancement in the industry, propelling manufacturing processes into a new era of efficiency and productivity. The first implementations are already installed and operational.

The SmartForming module, an integral part of SMARTECH's Autonomous Manewfacturing™ platform, introduces autonomous control to the forming line of wood-based panel production. The forming-line is another crucial process step that involves the preparation of a continuous, thick wood particle mat with a multi-layer configuration, followed by precise trimming, metal detection, and treatment spraying. Traditionally, this process required constant human intervention, but SmartForming brings a new level of intelligence and autonomy, making it the first of its kind in the wood-based panel industry.SmartForming follows the release of SmartPress, SMARTECH's breakthrough solution for autonomous control of the panel press. SmartForming optimizes and synchronizes the forming-line process for enhanced performance together with the press.

"Our team at SMARTECH has been working brilliantly to develop and perfect the SmartForming module", said Hanoch Magid, CEO of SMARTECH. "As demand for AI integration in production lines continues to soar, we are proud to offer this game-changing tool, alongside our industry-acclaimed SmartPress module, to drive manufacturing excellence worldwide."

The importance of SmartForming goes beyond its novelty- it couples the availability of the multilayered resinated material with the autonomous activity of the press and with the workstations before and after the forming line. The module provides active control of the forming line and is the way forward for companies to extract the most value from this asset. By embracing this innovative technology, wood panel manufacturers can improve efficiency, enhance resource utilization, and stay ahead of the competition in an increasingly competitive market.

As part of SMARTECH's Software-as-a-Service (SaaS) offering, the Autonomous Manewfacturing™ platform ensures that global manufacturers can easily access and implement these groundbreaking tools. In an era where operating costs are under constant pressure, and skilled labor is becoming scarce, SmartForming emerges as a beacon of progress, guiding the industry towards a more sustainable and prosperous future.

With this milestone, SMARTECH cements its position as a pioneer in AI-driven manufacturing solutions and sets the stage for a new era of transformative advancements in the wood-based panel industry.

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw materials use and unleashing the latent potential of data to help industries upgrade their plants to smart, autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.

SMARTECH – Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia and Latin America.

For more information about SMARTECH's innovative tech solutions for the traditional manufacturing sector, please visit our website www.smartech.com and follow us on LinkedIn.

Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
Phone: +972 54 760 7024

SMARTECH, a high-tech company supporting the global manufacturing industry with breakthrough technologies, has announced that it moved to brand new offices in Caesarea.

The new facility will extend the space available to the team and prepare for the planned growth in headcount. The modern setting will include private and shared offices and multiple collaborative spaces.

SMARTECH donated the gently used office furniture from its previous location to a new school for Israeli students who have been evacuated from their communities because of the conflict in southern and northern Israel. SMARTECH is proud to take part in this initiative and thanks partners who eagerly donated transportation and labor.

Hanoch Magid, SMARTECH CEO says: "The new location that we are moving to captures the spirit of what SMARTECH believes in: creativity, openness and teamwork. I am thrilled that our team will have the needed space and the opportunity to grow as we further deliver and support our Autonomous Manufacturing AI platform as well as our raw material systems. In addition, I am very pleased that we were able to do some good for the evacuees and help them to equip their new school. We remain committed to help whenever we can".

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by unleashing the latent potential of raw materials and data, and helps industries upgrade their plants to smart factories by transforming existing production lines into high-performing, autonomous, data-driven and sustainable assets. We spark new possibilities for manufacturing with intelligence. SMARTECH, Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia and Latin America. For more information about SMARTECH solutions, visit http://www.smartech.com.

TEL AVIV, August 14, 2023

SMARTECH, a leading provider of cutting-edge technology solutions for the global wood-based panel industry, proudly announces the successful commissioning of the SMARTWAX ECO System at Greenply Industries' brand-new MDF mill in Gujarat, India. This exciting milestone marks a significant leap forward in eco-friendly and efficient manufacturing processes.

Greenply Industries' greenfield mill achieved an incredible feat by producing its first board in a mere 15 months.

The SMARTWAX ECO System generates an innovative in-line wax suspension that delivers exceptional performance and coverage to fibers. One of the key advantages of the SMARTWAX ECO System is its precision in wax distribution, ensuring that only the necessary amount is used to meet stringent quality specifications. By doing so, Greenply significantly reduces the use of wax and saves considerable costs while impacting on the environment with the elimination of excess wax usage. This remarkable achievement aligns perfectly with Greenply's commitment to sustainability and responsible resource management.

Mr. Hansjorg Prettner, VP Europe and Asia praised the outstanding collaboration with EVP Mr. Roman Poddar and his team, which led to the successful design, delivery, and satisfaction of Greenply with this exceptional project. Thanks to the SMARTWAX ECO System, Greenply has seen a remarkable 30% reduction in wax expenditure.

Speaking about the revolutionary system, Mr. Roman Poddar, expressed his delight, stating, "The performance of the SMARTWAX ECO System has surpassed our expectations, saving us substantial costs right from day one. We are thrilled with the results."

Mr. Hanoch Magid, CEO of SMARTECH, added, "This achievement further demonstrates the immense value that SMARTECH technology brings to the wood-based panel sector. Our SMARTWAX and SMARTRESIN Systems, coupled with AI-based Autonomous Manewfacturing™ software solutions, empower our global customers to enhance profitability and embrace sustainability."

With the SMARTWAX ECO System paving the way for smarter, greener production processes, Greenply Industries is positioning itself as a leader in the wood-based panel industry. As they continue to adopt cutting-edge technologies, they are poised to inspire change and drive positive transformation in the manufacturing landscape.

About SMARTECH
SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw materials use and unleashing the latent potential of data, and helps industries upgrade their plants to smart and autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.

SMARTECH – Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia and Latin America.

For more information about SMARTECH's innovative tech solutions for the traditional manufacturing sector, visit our website www.smartech.com or follow us on LinkedIn.

For media and press inquiries, please contact:
Ms. Nathalie Vaknin, VP Marketing
SMARTECH Manewfacturing™ Technologies
+972 54-760-7024
nathalie.vaknin@smartech.com

Tel Aviv, 3 August 2023

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SMARTECH is proud to announce that it has been appointed to the prestigious vice-chairmanship of the Intelligent Manufacturing Sub-association (IMS) of National Forest Production Industry Association in China as of July 2023. The IMS is the leading association promoting AI-based manufacturing technology solutions to the Chinese forestry sector.

SMARTECH is a leading technology vendor to the global wood-based panel manufacturing sector. SMARTECH offers manufacturers acclaimed Smart Material Systems to reduce the use of raw materials and the Autonomous Manewfacturing™ AI-based Platform that unleashes the power of data in the production lines.

The former includes SMARTWAX and SMARTRESIN Systems, which via proprietary technology improve the distribution of wax and resin, respectively, in the manufacturing process, without any deleterious effects on board properties.

The latter Autonomous Manewfacturing™ Platform is the first closed-loop autonomous control system for critical production processes in the forest products sector. With partnerships with international market players in the wood products ecosystem, SMARTECH is the first to offer AI tools to increase production throughput, improve quality and lower manufacturing costs. SMARTECH has energetically promoted the benefits of AI technology for wood manufacturing at multiple global forums, such as LIGNA, and will continue to use its position to endorse the adoption of AI to improve sustainability and productivity.

Hanoch Magid, SMARTECH CEO to say "It is an honor to take this leadership role for encouraging the adoption of AI technology. We appreciate the recognition of SMARTECH as a thought leader in this space and we are optimistic that we will have a positive impact on the IMS and the forest products ecosystem.”

Hans Prettner, SMARTECH VP Europe and Asia to add "We are proud to assume this high-profile role. We hear frequently from forestry sector manufacturers keen on incorporating AI technology and we look forward to promote its benefits for the industry as a whole."

About SMARTECHSMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw materials use and unleashing the latent potential of data, and helps industries upgrade their plants to smart and autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.

SMARTECH – Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia and Latin America. For more information about SMARTECH's innovative tech solutions for the traditional manufacturing sector, visit our website www.smartech.com and follow us on LinkedIn.

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For media and press inquiries, please contact:

Ms. Nathalie Vaknin, VP Marketing

Email: nathalie.vaknin@smartech.com

Phone: +972 54 760 7024

Caesarea, 11 July 2023

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Read the exclusive interview with our visionary CEO Hanoch Magid and VP Sales, Hans Prettner, as they offer a glimpse into the exciting future of cutting-edge AI technolog for the wood-based panel industry.

Tel Aviv, June 15, 2023

SMARTECH, a leading technology provider to the wood-based panel industry, announces its positive reception as a first-time exhibitor at LIGNA 2023 in Hannover, Germany.

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LIGNA, the flagship global wood products expo and trade fair held biannually in Hannover Germany, showcased top vendors across all wood product industry sub-sectors. SMARTECH, exhibiting for the first time, received unprecedented interest from wood-based panel manufacturers and adjacent wood sector technology vendors. Of particular interest were the raw material solutions for lowering manufacturing costs and SMARTECH AI-based autonomous manufacturing solution for bringing closed-loop autonomous control to critical production processes.

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Hanoch Magid, SMARTECH CEO said: "Wood-based panel manufacturers sought improvements to their manufacturing cost structure and were very pleased to hear about our SMARTWAX, SMARTMDI and SMARTPF Systems. However, what stole the show was the reception to our Autonomous Manewfacturing™ Solution, a first of the kind software that brings autonomy to production lines. We have a lot of work cut out for us until the next LIGNA. I want to take this opportunity to thank SMARTECH’s incredible team that showed enthusiasm, devotion and professionalism during the whole week, and acknowledge LIGNA’s organizers for putting on an outstanding show after a prolonged break."

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Oren Yahav, SMARTECH’s AI Director, who stated that autonomy is the future of the wood-based panel industry in his talk on LIGNA.stage, said "We were overwhelmed by the sheer number of vendors from adjacent subsectors in the wood products industry who were interested in incorporating our AI technology in their offerings."

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SMARTECH co-presented with Siempelkamp during the week their co-product: ProdIQ SmartPress that grabbed the attention of senior plant executives and showcased their raw material systems with ANDRITZ that showed strong signs of interest.

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Hansjorg Prettner, vice-president APAC and Europe at SMARTECH to conclude: “It was our first venue at LIGNA and it was a true success! Today we are recognized as a trusted tech provider of super innovative solutions revolutionizing the wood-based panel industry and many returns are expected from the show. We look forward to repeating such excellent exposure and business opportunities at the next LIGNA trade fair in 2025.”

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To learn more about the way SMARTECH brings autonomy to production lines, Oren Yahav’s talk as available HERE.

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About SMARTECH

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SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw materials use and unleashing the latent potential of data, and helps industries upgrade their plants to smart and autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.

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SMARTECH – Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia and Latin America.

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For media and press inquiries, please contact:

Ms. Nathalie Vaknin, VP Marketing

Email: nathalie.vaknin@smartech.com

Phone: +972 54 760 7024

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Caesarea, 8 May 2023

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SMARTECH, a leading technology vendor to the manufacturing sector, is announcing its participation at LIGNA 2023 from May 15-19th in Hannover, Germany.

“With global interest in AI and sustainability surging, this is the right timing for us to share our vision and leadership, and showcase our game-changing product portfolio on both fronts at LIGNA” said Hanoch Magid, SMARTECH’s CEO. “Both of these themes are addressed with SMARTECH's Autonomous Manewfacturing™ software and set of cutting-edge raw material management systems that have been successfully installed at many OSB, PB and MDF manufacturing plants around the globe to help wood-based panel manufacturers deliver on performance and profitability.”

At LIGNA trade fair 2023, SMARTECH will reveal its brand-new corporate identity reflecting its super-innovative technologies for the traditional manufacturing sector. SMARTECH will be showcasing at booth C28 in Hall 26 its smart raw material systems- SMARTWAX and SMARTMDI for reducing respectively wax and resin consumption and its breakthrough AI-powered Autonomous Manewfacturing™ solution offering wood-based panel manufacturers meaningful savings and a boost in profitability.

In parallel, the SMARTECH team will co-present the joint ProdIQ SmartPress AI-based solution at the Siempelkamp booth E27 in Hall 26, and will give daily expert talks during the week about the way their co-solution can deliver better results and make wood-based panel manufacturers more profitable.

For its first venue SMARTECH has planned a Happy Hour to celebrate SUCCESS with its partners and customers on Tuesday May 16, 2023 at 16:00 at its booth.

On Thursday May 18th 2023 at 14:40, SMARTECH's AI Director, Oren Yahav will be presenting at LIGNA.Stage in Hall 16: "Is Autonomy the Future of Wood-Based Panel Industry?” and we would like to take this opportunity to invite LIGNA participants and our customers worldwide to join us in-person or via the online broadcast to learn how autonomous manufacturing is going to revolutionize the traditional manufacturing sector.

About SMARTECH

SMARTECH is a pioneering hi-tech company that provides game-changing technologies to the global manufacturing industry. SMARTECH revolutionizes traditional manufacturing by reducing raw materials use and unleashing the latent potential of data, and helps industries upgrade their plants to smart and autonomous factories by transforming existing production lines into high-performing, data-driven and sustainable assets.SMARTECH Manewfacturing™ Technologies is headquartered in Israel, with a presence in the USA, Canada, Europe, Asia and Latin America.

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For media and press inquiries, please contact:

Ms. Nathalie Vaknin, VP Marketing

Email: nathalie.vaknin@smartech.com

Phone: +972 54 760 7024

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