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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), 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.
SEALSQ Corp (NASDAQ: LAES) has unveiled a revolutionary solution for IoT security, embedding PKI-based digital identity and integrity into connected devices at scale. The company's comprehensive approach secures devices from design through their entire lifecycle, addressing the critical challenge of security in the rapidly growing IoT ecosystem.
Key features of SEALSQ's solution include:
- End-to-end security from device design to field deployment
- Scalability for massive IoT networks
- Trusted PKI technology for device identity and authentication
- Comprehensive product suite for certificate management
This innovation positions SEALSQ as a leader in IoT security, catering to industries such as manufacturing, healthcare, automotive, and smart cities where secure identity management for connected devices is increasingly vital.
SEALSQ Corp (NASDAQ: LAES) has released a video demonstrating the Matter commissioning process using the ESP32 microcontroller and SEALSQ's VaultIC292 Secure Element. This integration enhances IoT security and simplifies deployment. The demonstration showcases how the combination provides robust security for IoT devices, adhering to the Matter protocol's stringent requirements.
The video walks through the secure onboarding of an IoT device onto a Matter-enabled network, highlighting the importance of secure elements in preventing unauthorized access and data breaches. SEALSQ's CEO, Carlos Moreira, emphasizes that this solution meets the security demands of today's connected world and demonstrates the company's commitment to driving innovation in secure IoT solutions.
SEALSQ Corp (NASDAQ: LAES) has announced the integration of its QS7001 RISC V quantum-resistant platform into the next generation of WISeSat satellites. The first prototype, equipped with SEALSQ semiconductor technology and cryptographic keys, is set to launch in November 2024. This innovation will be the foundation for SEALSQ's upcoming products, including the Post Quantum Secure Hardware Platform QS7001 and the QVault TPM Trusted Platform Module.
The QS7001 platform is designed to resist quantum-based attacks, positioning SEALSQ as an industry leader in securing global communications and data. The platform integrates Kyber and Dilithium algorithms, among the first selected by NIST for post-quantum cryptography standardization. SEALSQ is also collaborating with major electronics manufacturers to develop custom quantum-resistant chips, opening new business opportunities.
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