Bharat Pi Launches Cutting-Edge IoT Development Board for Matter® Smart Home Applications Equipped with SEALSQ VaultIC292 Secure Element

Rhea-AI Summary

SEALSQ Corp (NASDAQ: LAES) and Bharat Pi have announced a strategic collaboration to release a new IoT development board for Matter® smart home applications. The board integrates SEALSQ's VaultIC292 chip pre-provisioned with Matter® compliant certificates, setting a new standard for quick prototyping with security in smart home and Industrial IoT segments.

Key features include:

• Rapid prototyping and reduced time-to-market
• Advanced security with VaultIC292
• Interoperability with various IoT devices
• Scalability for production deployment
• Developer-friendly interface

The board is designed to accelerate Matter-based IoT product development, offering robust cryptographic functionalities and seamless integration with popular smart home platforms like Alexa, Google Home, and Apple HomePod.

Positive

• Strategic collaboration between SEALSQ and Bharat Pi to launch a new IoT development board
• Integration of SEALSQ's VaultIC292 chip with Matter® compliant certificates
• Board already under consideration for several Proof-of-Concept (PoC) projects
• Potential for rapid traction in the growing Matter compatible IoT device segment
• Offers advanced security features compliant with Matter security requirements

Negative

• None.

Tech Expert

The launch of Bharat Pi's new IoT development board with SEALSQ's VaultIC292 chip is a significant advancement in the IoT industry. This board addresses key challenges in smart home and industrial IoT development:

• Security: The VaultIC292 secure element provides robust protection for sensitive data and device integrity, important for IoT applications.
• Interoperability: Matter protocol support ensures compatibility across various IoT ecosystems, potentially boosting adoption rates.
• Time-to-market: Rapid prototyping capabilities could give manufacturers a competitive edge in the fast-paced IoT market.

While this collaboration shows promise, its success will depend on market adoption and the board's performance in real-world applications. Investors should monitor early PoC project results and industry reception to gauge its potential impact on both companies.

Market Research Analyst

This partnership targets the burgeoning smart home market, which is projected to reach $135 billion by 2025. The Matter protocol, backed by tech giants like Apple, Google and Amazon, is poised to become the de facto standard for IoT connectivity. Bharat Pi and SEALSQ's collaboration could position them favorably in this growing market.

Key points for investors:

• The board's pre-provisioned Matter certificates could accelerate product development cycles.
• Integration with major smart home platforms may lead to increased market penetration.
• The focus on security addresses a critical concern in IoT adoption, potentially driving demand.

However, competition in this space is intense and success will hinge on the board's performance, pricing and ability to attract developers and manufacturers.

Geneva, Switzerland, Sept. 16, 2024 (GLOBE NEWSWIRE) --

Bharat Pi Launches Cutting-Edge IoT Development Board for Matter® Smart Home Applications Equipped with SEALSQ VaultIC292 Secure Element

Geneva, Switzerland – September 16, 2024:   SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, together with Bharat Pi, a leading Internet of Things (IoT) hardware design house, today announced a strategic collaboration to release a new IoT development board, integrating SEALSQ's VaultIC292 chip pre-provisioned with Matter® compliant certificates. This groundbreaking partnership aims to set a new standard for quick prototyping with security for the fast-growing smart home and Industrial IoT segments.

The new IoT board, already under consideration for several Proof-of-Concept (PoC) projects, is engineered for integration into IoT devices that require support for the Matter protocol. Matter is an industry-unifying standard designed to enable seamless, secure connectivity across IoT devices in both home and industrial applications. By incorporating SEALSQ's VaultIC292 secure element, the board offers cutting-edge protection for sensitive data while ensuring device integrity, fully aligning with Matter's stringent security requirements.

Additionally, SEALSQ’s chip comes pre-loaded with cryptographic keys and a Matter Device Attestation Certificate (DAC), generated through SEALSQ’s INeS PKI-as-a-Service Solution. Customers also benefit from the option to have their DAC signed by their own Product Attestation Intermediate (PAI), providing greater flexibility and control over their security infrastructure.

The new IoT board will offer users the following benefits:   

1. Rapid Prototyping and Reduced Time-to-Market: Enables quick design, development and implementation of Matter compliant products across home appliances and industrial applications.
2. Advanced Security: VaultIC292 provides robust cryptographic functionalities, including secure key storage, encryption, and authentication, safeguarding data transmission and device integrity against potential cyber threats, fully compliant with Matter security requirements.
3. Interoperability: The Matter protocol ensures compatibility with a wide range of IoT devices, enhancing user experience by enabling seamless integration and communication between different manufacturers' products like Alexa, Google Home, Apple HomePod.
4. Scalability: Supports scalable deployment, making it ideal for converting prototypes into production as well as integrating the same board into various applications, from smart homes to industrial IoT solutions.
5. Ease of Use: With a developer-friendly interface and comprehensive support, the Matter board simplifies the integration process for IoT developers, accelerating time-to-market for innovative solutions.
   
   

"Bharat Pi is committed to advancing Matter based IoT product development with a focus on security and interoperability," said Prabhu Stavarmath, Chief Business Officer of Bharat Pi.

“Our collaboration with SEALSQ and the integration of their VaultIC292 technology into our Bharat Pi Matter board underscores our dedication to providing secure and reliable Matter compliant IoT solutions that meet the highest industry standards,” said Naveen G, CTO and Chief Architect of Bharat Pi.

“We are thrilled to participate in Bharat Pi’s board design and bring our Semiconductors, PKI and Matter expertise to create this unique product,” added Gweltas Radenac, IoT Business Unit Director for SEALSQ. “We are excited about the opportunity to gain rapid traction on the booming Matter compatible IoT device segment.”

The launch of the new Bharat Pi Matter board with VaultIC292 is expected to drive significant advancements in the Matter enabled IoT devices landscape by offering a secure, reliable, and interoperable solution that addresses the growing security concerns associated with Matter deployments. This collaboration is poised to foster innovation and encourage the development of new IoT applications that leverage the enhanced security and connectivity features of the Matter board.

About Bharat Pi
Bharat Pi is a pioneering technology company specializing in the design, development and manufacturing of cutting-edge IoT development boards. With a focus on innovation, security, and interoperability, Bharat Pi is dedicated to delivering products that enhance connectivity and improve user experiences across various industries.

About SEALSQ
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the expected success of our technology strategy and solutions for IoMT Security for Medical and Healthcare sectors, SEALSQ's ability to implement its growth strategies, SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

Press and Investor Contacts

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / lcati@equityny.com Katie Murphy Tel: +212 836-9612 / kmurphy@equityny.com

Bharat Pi
Prabhu Stavarmath
Chief Business Officer
prabhu@bharatpi.net
+91-9880721666

FAQ

What is the new IoT development board launched by Bharat Pi and SEALSQ (LAES)?

Bharat Pi and SEALSQ (LAES) have launched a new IoT development board for Matter® smart home applications, integrating SEALSQ's VaultIC292 chip pre-provisioned with Matter® compliant certificates. This board is designed for quick prototyping with enhanced security for smart home and Industrial IoT segments.

What are the key features of the new Bharat Pi Matter board with VaultIC292?

The key features of the new Bharat Pi Matter board include rapid prototyping capabilities, advanced security with VaultIC292, interoperability with various IoT devices, scalability for production deployment, and a developer-friendly interface. It also offers robust cryptographic functionalities and seamless integration with popular smart home platforms.

How does the SEALSQ (LAES) VaultIC292 chip enhance security in the new IoT board?

The SEALSQ (LAES) VaultIC292 chip enhances security by providing robust cryptographic functionalities, including secure key storage, encryption, and authentication. It safeguards data transmission and device integrity against potential cyber threats, ensuring full compliance with Matter security requirements.

What is the significance of Matter® compatibility in the new IoT development board?

Matter® compatibility in the new IoT development board ensures interoperability with a wide range of IoT devices, enhancing user experience by enabling seamless integration and communication between different manufacturers' products like Alexa, Google Home, and Apple HomePod. It also aligns with industry-unifying standards for smart home and Industrial IoT applications.