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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) is positioning itself at the forefront of defense against adversarial quantum attacks with post-quantum cryptographic algorithms. The company's team recently published research on memory-efficient implementations of CRYSTALS-Kyber, a Quantum-Resistant Algorithm optimized for microcontrollers and embedded devices. This implementation reduces the memory footprint to just 3KB while maintaining performance.
SEALSQ's innovations aim to protect industries as we approach the quantum era, securing financial transactions, personal data, and business communications. The quantum-computing market is expected to reach $50 billion by the end of this decade, highlighting the urgency for organizations to address future threats. Major tech companies have already launched commercial quantum-computing cloud services, emphasizing the rapid advancements in this field.
SEALSQ Corp (NASDAQ: LAES) has announced its support for the Internet of Medical Things (IoMT) segment by providing key security components for applications that secure communications and authenticate devices. The company's technology addresses the significant security concerns raised by cloud-assisted IoMT, which uses shared public channels for data exchanges.
SEALSQ's solutions include:
- Smart Card reader chips used in HID IDENTIV reader terminals for patient cards in European healthcare systems
- Public Key Infrastructure (PKI) solutions and Secure Elements for authenticating information shared between remote patients and hospitals
- Post-quantum cryptography resistant to attacks from both classical and quantum computers
Bernard Vian, SEALSQ's Managing Director, emphasized the critical importance of security in IoMT given the sensitive nature of healthcare data and potential risks associated with breaches.
SEALSQ Corp (NASDAQ: LAES) announced its participation in CEATEC 2024, a digital innovation exhibition in Chiba, Japan, from October 15-18, 2024. As a founding member of the Japanese branch of the Alliance, SEALSQ will co-exhibit at the Japan Smart Home Exhibition in Partners Park, booth 3H097.
The company will showcase its VaultIC292 Secure Element, pre-provisioned with certificates and keys for Matter connectivity, embedded in a new module designed for Home Automation applications by HOSIDEN, a major Japanese electronic components company. SEALSQ's Matter™ ready PKI-as-a Service and pre-provisioned secure elements offer benefits such as reduced time-to-market, lower costs, flexible deployment options, and simplified management of device attestation certificates for Matter™ compliant device makers in Japan.
SEALSQ Corp (NASDAQ: LAES), specializing in semiconductors, PKI, and post-quantum technology, announced its recognition at CRYPTOLOGY2024 in Malaysia. The event, aimed at advancing cryptography and cybersecurity education, saw SEALSQ's team present their paper, "Memory Efficient Implementations of CRYSTALS-Kyber," developed with Mines Saint-Etienne. The paper details a memory-efficient software implementation of the quantum-resistant CRYSTALS-Kyber algorithm, optimized for standard microcontrollers and embedded devices. This implementation reduces memory usage to 3KB while maintaining high performance, merging all Kyber variants (Kyber-512, Kyber-768, Kyber-1024) into a single codebase compliant with NIST's FIPS-203 guidelines. SEALSQ's CTO, Jean-Pierre Enguent, emphasized the company's commitment to advancing post-quantum research and securing semiconductor applications.
SEALSQ Corp (NASDAQ: LAES) held its H1 2024 financial results conference call, describing it as a transitional year. Key highlights include:
- Revenue of $4.8 million for H1 2024
- R&D expenditure of $2.4 million
- Strong pipeline of $71 million in business opportunities
- Solid cash position of $18.9 million
The company is on track to launch Quantum-Resistant Secure Chips by Q4 2024. SEALSQ is expanding globally, negotiating with the Spanish government for a Semiconductor Design Center and incorporating SEALSQ USA The company identified four key growth areas and plans to deploy up to 10 billion SEALCOIN tokens in 2025, potentially impacting semiconductor sales.
SEALSQ Corp (NASDAQ: LAES) reported unaudited financial results for H1 2024, with revenue at $4.8 million, reflecting an expected slowdown in traditional semiconductor demand. Despite this, the company anticipates improved performance in H2 2024 and a return to growth in 2025. Key highlights include:
1. $2.4 million invested in R&D initiatives
2. Strong cash position of $18.9 million as of June 30, 2024
3. Robust pipeline of opportunities valued at $71 million
4. Progress on quantum-resistant secure chips, with engineering samples expected by Q4 2024
5. Strategic partnerships and global expansion efforts
6. Approval as a Product Attestation Authority (PAA) for Matter device attestation
SEALSQ remains focused on innovation in cybersecurity and semiconductors, positioning itself for long-term growth in the evolving market landscape.
SEALSQ Corp (NASDAQ: LAES) has announced the integration of Internet of Payment (IoP) capabilities into its next-generation IoT-enabled semiconductor solutions. This innovation transforms connected devices into dynamic commercial hubs capable of secure and autonomous transactions. The IoP concept evolves IoT devices into commercial platforms that can process payments, order services, and manage resources autonomously.
Key features of SEALSQ's next-generation semiconductors include:
- Secure, autonomous transactions
- Real-time transaction processing
- Scalability across various industries
- Energy-efficient payment modules
Potential applications span automotive, home automation, and industrial IoT sectors. By 2025, an estimated 75 billion devices will be interconnected through IoT, with global cashless payment volumes expected to surge by over 80% between 2020 and 2025. SEALSQ's IoP capabilities offer a solution for secure, real-time transactions between machines in this rapidly evolving payment ecosystem.
SEALSQ Corp (NASDAQ: LAES) announces plans to enhance its traditional Public Key Infrastructure (PKI) technology with Post-Quantum Cryptography (PQC) and post-quantum semiconductors. This move aims to safeguard sensitive data from emerging quantum threats. SEALSQ is adopting NIST-standardized post-quantum algorithms like Crystals-Kyber, Crystals-Dilithium, Sphincs+, and Falcon, which can operate on classical hardware while resisting quantum attacks.
As part of the WISeKey Group, SEALSQ has managed a PKI Root of Trust since 1999, delivering over 6 billion secure downloads. By integrating PQC and innovative semiconductor technology, SEALSQ is pioneering a comprehensive approach to protect digital infrastructures against future quantum computing threats while maintaining high levels of trust and reliability.
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.
SEALSQ Corp (NASDAQ: LAES) has announced the adoption of RISC-V architecture, with engineering samples of its first Quantum Resistant chips expected in late 2024. This move aligns with growing demand for Edge-AI and machine learning applications, potentially contributing to RISC-V products' market share growth to 25% by 2030. SEALSQ's RISC-V technology offers benefits in decentralized semiconductor processing, including improved power efficiency and reduced reliance on large-scale cooling systems.
The open-standard nature of RISC-V allows for highly customizable processor designs, enabling SEALSQ to develop more energy-efficient processors tailored for AI, machine learning, and edge applications. This approach addresses the critical issue of power consumption in centralized AI processing, offering a more sustainable alternative to current high-energy-demand solutions used in data centers supporting AI applications.
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