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SEALSQ Corp (NASDAQ: LAES) is a leading developer of certified secure microcontrollers and post-quantum cryptography technologies. The company focuses on creating innovative solutions including post-quantum microchips and devices for a wide array of applications such as multi-factor authentication, home automation, IT network infrastructure, automotive, industrial automation, and control systems.
SEALSQ's vaultIC range offers a complete set of ready-to-use secure elements designed to implement embedded security for any device, ensuring fast time-to-market and high flexibility. Key products in their lineup include VaultIC155, VaultIC40x, VaultIC292, and VaultIV18x, primarily catering to the North American market.
Recently, SEALSQ has been at the forefront of integrating quantum computing and Internet of Things (IoT) technologies, driving advancements in urban planning, healthcare, and logistics by leveraging quantum algorithms for efficient data processing. With concerns about quantum computers potentially breaking current encryption methods, SEALSQ's post-quantum semiconductor technologies aim to provide robust security measures to safeguard digital identities and data.
The company is deeply involved in the U.S. government's
SEALSQ Corp (NASDAQ: LAES) announced its development of solutions to address quantum computing challenges through its QUASARS project, focusing on Post-Quantum Cryptography (PQC) and quantum-resistant hardware for IoT and blockchain networks. The company highlighted Bitcoin's vulnerabilities to quantum computing, particularly in p2pk and reused p2pkh addresses. Current scientific estimates indicate it takes approximately 30 minutes for a quantum computer to hack a Bitcoin signature, compared to Bitcoin's 10-minute block mining time.
The company outlined potential mitigation strategies, including transferring funds to new p2pkh addresses and implementing consensus-driven ultimatums for moving funds to safe addresses. SEALSQ is developing quantum-resistant cryptographic solutions to ensure blockchain and IoT networks remain secure in the quantum computing era.
SEALSQ Corp (NASDAQ: LAES) announced the integration of its post-quantum cryptographic chips on WISeSat satellites, marking a significant advancement in securing satellite communications against quantum computing threats. The partnership combines SEALSQ's semiconductor expertise with WISeSat's satellite IoT connectivity solutions.
Currently, 17 WISeSat satellites equipped with SEALSQ's chips have been launched via SpaceX, with plans for hundreds more to create a quantum-secure communications network. The next launch is scheduled for January 14, 2025, from Vandenberg Space Force Base. The technology converts data into light particles for transmission through satellite constellations, offering protection against interception and ensuring secure communications between satellites and ground stations.
SEALSQ Corp (NASDAQ: LAES) has completed a registered direct offering of 13,157,896 ordinary shares at $1.90 per share, raising $25.0 million in gross proceeds. This brings the total gross proceeds from financings this week to $60.0 million, before deducting commissions and expenses. The company commits to not entering any further registered direct offering for at least 60 days.
The net proceeds will fund the deployment of next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and general corporate purposes. Maxim Group served as the sole placement agent for the offering.
SEALSQ Corp (NASDAQ: LAES) announced that its GSMA-accredited eUICC technology now incorporates Post-Quantum security for mobile phones and connected devices. The technology aims to protect against current and future quantum computing threats while ensuring trust and interoperability within the GSMA ecosystem.
The company's GSMA Root CI-accredited Root Certificate Authority and advanced Public Key Infrastructure (PKI) support secure identification and authentication of eUICC-based eSIMs, enabling remote profile management for M2M, Consumer, and IoT devices. This advancement particularly benefits smart city deployments, industrial IoT applications, and mobile phones by protecting against quantum attacks that could compromise traditional encryption methods like RSA and ECC.
SEALSQ Corp (NASDAQ: LAES) has announced a $25.0 million registered direct offering, pricing 13,157,896 ordinary shares at $1.90 per share. The offering, expected to close around December 19, 2024, is being conducted through Maxim Group as the sole placement agent. The net proceeds will be used to fund the deployment of next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and general corporate purposes. The offering is being made under an effective shelf registration statement filed with the SEC on November 27, 2024.
SEALSQ Corp (NASDAQ: LAES) announced a strategic partnership with Hedera to develop quantum-resistant semiconductors. The company is testing its QS7001 quantum-resistant hardware platform, scheduled for production and delivery in 2025. The collaboration aims to protect critical infrastructures against quantum computing threats to traditional cryptographic systems.
The partnership will integrate SEALSQ's quantum-resistant chips with Hedera's blockchain network to ensure long-term security. SEALSQ's 2025 product roadmap includes the QS7001 Open Platform and QVault Trusted Platform Module (TPM). Engineering samples are currently undergoing physical and logical validation to meet security standards.
The integration supports Hedera's adoption of the CNSA Suite, which requires 256-bit AES keys and 384-bit SHA-2 hashes, creating a foundation for post-quantum cryptographic solutions.
SEALSQ Corp (NASDAQ: LAES) has announced a $25.0 million registered direct offering through a securities purchase agreement with institutional investors. The offering consists of 13,157,896 ordinary shares priced at $1.90 per share, with Maxim Group serving as the sole placement agent.
The company plans to use the net proceeds to fund the deployment of its next-generation post-quantum semiconductor technology and ASIC capabilities in the United States, support working capital, and general corporate purposes. The offering is expected to close around December 17, 2024, subject to customary closing conditions, and is being made through an effective shelf registration statement previously filed with the SEC.
SEALSQ Corp (NASDAQ: LAES) announced the integration of its Post-Quantum Cryptography (PQC) technology with WISeID.COM to enhance security for electronic identities and documents. The collaboration aims to protect against quantum computing threats that could compromise current cryptographic systems like RSA and ECC.
The initiative focuses on developing crypto-agile solutions that can support multiple cryptographic algorithms, particularly important for TLS certificate management. WISeID.COM offers various digital identity protection services, including free identity validation using face recognition technology, different tiers of digital certificates, and a document signing service.
The partnership addresses the growing need for quantum-resistant security solutions, especially for long-term documents like eID cards that typically remain active for over a decade.
SEALSQ Corp (NASDAQ: LAES) has announced a $10.0 million registered direct offering, pricing 7,692,308 ordinary shares at $1.30 per share. The offering, led by Maxim Group as sole placement agent, is expected to close around December 16, 2024. The company plans to use the net proceeds to fund its next-generation post-quantum semiconductor technology and ASIC capabilities deployment in the United States, support working capital, and general corporate purposes. The offering is being conducted through an effective shelf registration statement on Form F-3 previously filed with the SEC.
SEALSQ Corp (NASDAQ: LAES), a developer of Semiconductors, PKI and Post-Quantum technology hardware and software products, announced their CEO Carlos Moreira's participation in the virtual Northland Capital Markets Growth Conference on December 12, 2024. The event will feature meetings scheduled throughout the day, with interested participants directed to contact their Northland Capital Markets sales representative for meeting arrangements and additional information.
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