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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 (NASDAQ: LAES) has secured a multi-year, multi-million-dollar agreement to supply its VaultIC 408 secure microcontroller for millions of smart meters in the United Kingdom's Smart Metering Implementation Programme (SMIP). The project aims to install smart meters in over 26 million homes and businesses.
The collaboration involves major stakeholders including Data Communications Company (DCC), Landis+Gyr, Calisen, Toshiba, and Vodafone. SEALSQ's VaultIC 408 will work alongside Toshiba's 4G communication hubs and CGI's secure data systems.
This agreement positions SEALSQ as a key contributor to one of the world's largest smart grid initiatives. The global smart meter market is projected to reach 238.42 million units by 2029, with a CAGR of 8.14%.
SEALSQ (NASDAQ: LAES) has announced its participation in the 2025 CES Show at the Las Vegas Convention Center from January 7-10, 2025, where it will showcase its semiconductor technology. The company, in collaboration with WISeSat, plans to demonstrate their integration of post-quantum solutions into satellite IoT ecosystems.
The initiative includes up to six WISeSat launches throughout 2025, featuring satellites that will enable IoT device connectivity through specialized protocols. These low Earth orbit satellites promise reduced latency compared to traditional 4G and 5G networks. The project aims to establish a secure constellation of post-quantum WISeSat satellites, addressing the need for secure, real-time IoT connectivity.
WISeSat's development timeline showcases significant achievements: first-generation nanosatellites in 2021, expanded coverage in 2022, Post-Quantum Cryptography integration in 2023, and SEALSQ chip integration in 2024. The 2025 roadmap includes increasing satellite launches and implementing AI for real-time data processing.
SEALSQ Corp (NASDAQ: LAES) announced that 2025 is expected to be a landmark year for their quantum technology advancements. The company, along with parent WISeKey, is focusing on post-quantum algorithms and semiconductor innovations while collaborating with NIST's National Cybersecurity Center of Excellence on developing the first Quantum-Resistant USB Token demonstrator.
The initiative, part of SEALSQ's QUASARS project, implements quantum-resistant algorithms like CRYSTALS-Kyber and CRYSTALS-Dilithium in their proprietary semiconductors. Key developments include secure device provisioning, lifecycle management, and tamper-resistant storage for cryptographic keys. Their semiconductors feature dedicated hardware accelerators for lattice-based cryptography, optimized for low power consumption in IoT applications.
The collaboration with NCCoE aims to establish new standards for securing IoT devices and networks across healthcare, automotive, and smart cities sectors, while developing practices to ease migration from current public-key algorithms to post-quantum algorithms.
SEALSQ Corp (NASDAQ: LAES) announced its projected strong financial position for year-end, expecting a cash position exceeding $85 million by January 3, 2025. The company recently raised $60 million through multiple registered direct offerings in December 2024, including a $10 million offering announced on December 12 and two subsequent offerings totaling $50 million.
The company's total ordinary shares reached 93.8 million, with market capitalization surpassing $700 million. SEALSQ has agreed with warrant holders to reduce the exercise price to $1.65, conditional on all warrants being exercised by January 3, 2025. The company regained compliance with Nasdaq's minimum bid price requirement and has committed to not entering any further registered direct offerings for at least 60 days following December 19, 2024.
SEALSQ Corp (NASDAQ: LAES) and WISeSat AG announced their collaboration to launch a next-generation satellite in two weeks, marking a significant step in building a secure satellite constellation. The initiative introduces a Satellite-as-a-Service (SataaS) model, equipped with SEALSQ's semiconductors and post-quantum cryptography solutions.
The constellation will enable secure machine-to-machine (M2M) transactions via space, offering IoT data transmission, real-time automation, and geospatial analytics for sectors including logistics, agriculture, and critical infrastructure. Companies can join through a Partnership Constellation Agreement with a minimum investment of $500,000, covering one satellite and launch costs, while gaining access to the entire constellation's capabilities.
SEALSQ Corp (NASDAQ: LAES), a developer of Semiconductors, PKI, and Post-Quantum technology solutions, has announced its regained compliance with Nasdaq's minimum bid price requirement. The company received formal confirmation from Nasdaq after maintaining a closing bid price of at least $1.00 per share for its Ordinary Shares over 10 consecutive business days from December 11 to December 24, 2024. This achievement comes ahead of the January 28, 2025 deadline, which was set following an initial notice from Nasdaq on August 1, 2024. The matter has been closed by Nasdaq Listing Qualifications Staff.
SEALSQ Corp (NASDAQ: LAES) has launched SEALQUANTUM.com Lab, a research and innovation hub focused on quantum-safe encryption and post-quantum technology. The lab aims to help organizations transition to quantum-resistant security solutions as traditional encryption methods become vulnerable to quantum computing advances.
The initiative includes partnerships with academic institutions, including École de Mines in France, to develop quantum-safe cryptography solutions. The lab will provide businesses with expertise, real-time insights, and technical resources for implementing quantum-resistant encryption. This development complements SEALSQ's existing R&D portfolio in quantum-safe technologies, including Post-Quantum Cryptographic algorithms and Post Quantum Chips, designed for IoT, healthcare, logistics, and government sectors.
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.
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