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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) has achieved significant security certifications for its hardware platforms. The company's MS600X Secure Hardware Platform received the Common Criteria EAL5+ Certification, one of the highest international security certifications. Additionally, their VaultIC 408 secure microcontroller successfully completed FIPS 140-3 testing by UL Labs, with final certification expected in the coming months.
The VaultIC 408 has already been selected for implementation in millions of smart hubs as part of the UK's Smart Metering Program. Furthermore, SEALSQ announced plans to launch its Post-Quantum Hardware Platform in 2025, which will be available as both an open platform and a trusted platform module (TPM), carrying the EAL5+ Certification.
SEALSQ Corp (NASDAQ: LAES) announced an expansion of its presence in Saudi Arabia through a partnership with WISeKey International Holding. The companies, through their joint venture WISeKey Arabia with the Juffali Group, aim to support Saudi Arabia's digital transformation and cybersecurity initiatives aligned with Vision 2030.
The collaboration focuses on implementing quantum-resistant cryptographic technologies, including Public Key Infrastructure (PKI), digital identity management, and IoT security solutions. The companies plan to introduce the WISeSat.Space ecosystem, a low-power secure satellite solution for IoT devices, featuring end-to-end security with quantum-resistant encryption.
Additionally, SEALSQ and WISeKey are partnering with Hedera in connection with the DeepTech Venture Studio, a $250M initiative funded by The Hashgraph Association ($50M) and the Saudi Ministry of Investment Association ($200M), supporting Saudi-based startups in blockchain, AI, IoT, robotics, and quantum computing.
SEALSQ (NASDAQ: LAES) and WISeKey are organizing a roundtable discussion titled 'Cybersecurity in a Post-Quantum AI Era: What Happens When You Mix Generative AI with Quantum Computing?' on January 22, 2025, in Davos, Switzerland.
The event will address critical concerns about quantum computing's threat to current encryption systems and the convergence of quantum computing with generative AI. While recent comments suggest quantum computing may not be 'very useful' for 15-30 years, the panel emphasizes the immediate need for post-quantum cryptography (PQC) solutions.
The roundtable, featuring distinguished speakers from various sectors including cybersecurity, technology, and government, will explore topics such as data security in post-quantum era, AI's role in quantum threat defense, and balancing innovation with security. The event will be held at Morosani Schweizerhof from 10:30 am to 2:00 pm CET.
SEALSQ Corp (NASDAQ: LAES) announced that the post-quantum cryptography (PQC) market is positioned for rapid growth as organizations seek protection against future quantum threats. Despite predictions that quantum computing may take 15-30 years to become fully useful, the company emphasizes the immediate need for PQC implementation.
SEALSQ has developed quantum-resistant algorithms, including the internationally recognized CRYSTALS-Kyber, optimized for microcontrollers and embedded devices. The company, along with its parent WISeKey, is implementing PQC solutions aligned with upcoming regulatory standards, including NIST's PQC standards expected by 2024-2025 and the US Federal mandate requiring quantum-safe cryptography by 2035.
Various sectors are setting implementation timelines: EU critical sectors by 2025-2027, financial services by 2026-2028, and healthcare by the late 2020s. The company positions itself to address immediate enterprise and government needs for quantum-resistant security solutions.
SEALSQ Corp (NASDAQ: LAES) has announced the distribution of its secure chips through the DigiKey Marketplace, a major electronic components distributor with over 150 million annual online visitors across 180+ countries. The partnership makes SEALSQ's VaultIC secure microcontrollers and development boards available for worldwide online purchase.
Through DigiKey's platform, which serves over 900,000 active customers in automotive, healthcare, industrial automation, and consumer electronics sectors, SEALSQ aims to enhance its online visibility and provide easier access to samples for engineers developing secure connected products. The company is also developing a post-quantum Trusted Platform Module (TPM) scheduled for release in 2025.
The collaboration leverages DigiKey's global logistics infrastructure and customer support network, positioning SEALSQ to expand its market reach and facilitate the future distribution of quantum-resistant hardware solutions.
SEALSQ Corp (NASDAQ: LAES) announced plans to launch six next-generation satellites in 2025 in collaboration with WISeSat AG. The first satellite launch is scheduled for January 14, 2025, from Vandenberg Space Force Base in California, partnering with SpaceX. The satellites will feature advanced post-quantum cryptography and secure communication technologies.
The initiative aims to establish a secure satellite constellation supporting machine-to-machine (M2M) communication via space. Operating on a Satellite-as-a-Service (SataaS) model, the constellation will serve industries like logistics, precision agriculture, and critical infrastructure, powered by SEALSQ's post-quantum semiconductors and WISeSat's IoT satellite communication expertise.
The system is designed to provide secure IoT data transmission and real-time automation, offering businesses access to satellite capabilities without requiring extensive infrastructure investments.
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.
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