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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), a company focused on semiconductors, PKI, and post-quantum technology, has received a Nasdaq notification regarding minimum bid price deficiency. The company's ordinary shares failed to maintain the required $1.00 minimum bid price for the last 30 consecutive business days. SEALSQ has been given an initial compliance period until January 28, 2025, to regain compliance by having its closing bid price at $1.00 or above for at least 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period. Failure to meet requirements could result in delisting, subject to appeal. SEALSQ intends to monitor the situation and consider available options to resolve the noncompliance.
SEALSQ Corp (NASDAQ: LAES) has appointed Katsu Miyahata as the new Sales Director and Representative Director for Japan. With over 30 years of experience in IoT, semiconductors, and high-tech industries, Miyahata will lead the company's expansion of IoT Security and Brand Enhancement operations in Japan. SEALSQ aims to capitalize on Japan's cybersecurity strategy and growing IoT market, targeting sectors such as industrial, consumer, and medical applications.
The company has been actively participating in various electronic and security exhibitions in Japan throughout 2024. As a member of the Wi-Sun Alliance and a founding member of the CSA Japan Interest Group, SEALSQ is well-positioned to address the country's IoT security needs. With Matter certification and a focus on secure hardware solutions, SEALSQ is targeting Japan's substantial semiconductor market and the growing demand for smart home technologies.
SEALSQ Corp (NASDAQ: LAES) reports progress on strategic initiatives in H1 2024, despite a temporary slowdown. Key highlights include:
1. H1 2024 unaudited revenue of ~$5 million, with expectations for a stronger H2 and growth in 2025.
2. New business pipeline valued at $71 million.
3. Strong cash position of $19 million.
4. Launch of Quantum-Resistant Secure Chips (QS7001 and QVault TPM) by Q4 2024.
5. Strategic partnerships for custom quantum-resistant chips.
6. Negotiations for semiconductor design and customization centers in Spain, USA, Middle East, and Far East.
7. Root Certificate Authority approval for Matter device attestation.
SEALSQ anticipates growth in Matter certification, SSL certificate injection services, and alignment with new IoT security standards. The company is positioned to leverage the expanding IoT market and convert initiatives into revenue streams over the next five years.
SEALSQ Corp (NASDAQ: LAES) has announced a strategic move to mitigate geopolitical risks by designing its next-generation post-quantum secure semiconductors in Europe and manufacturing them in Singapore. This diversified approach aims to ensure supply chain stability and enhance business resilience amid global tensions. The company is also in talks with the Spanish government to develop a Cybersecurity and Semiconductor Customization Center in Murcia and has established SEALSQ USA in Arizona.
SEALSQ has launched the QS7001, a RISC-V quantum-resistant secure chip, with commercial samples expected for delivery in Q4 2024. The secure microcontroller (MCU) market is projected to grow to $2.2 billion by 2026, driven by demand from utilities, industrial IoT, smart cities, and construction sectors.
SEALSQ Corp (NASDAQ: LAES), a leader in semiconductors and quantum technology, is advancing sustainability with its RISC-V technology. The company plans to release the first engineering samples by late 2024, with production certification by Q3 2025. SEALSQ's RISC-V chips are expected to secure 25% of the global market by 2030, driven by Edge-AI and machine learning demand.
Decentralized processing through RISC-V chips enhances energy efficiency by minimizing data transmission and cooling needs. SEALSQ's RISC-V post-quantum test chip, running quantum-resistant cryptographic algorithms, will start sampling in late 2024.
The RISC-V market is projected to grow at a 73.6% CAGR through 2027, with SEALSQ positioned to lead with its high-performance, secure processors. The company's innovations aim to meet AI, machine learning, and quantum-resistant security demands, redefining industry standards.
SEALSQ announced its preliminary unaudited H1 2024 financial results, highlighting a revenue of $5 million, reflective of a transitional period due to an economic slowdown and customer inventory adjustments. However, the company maintains a strong cash position of $19 million and a robust new business pipeline valued at $71 million. SEALSQ has strategically focused on the development of post-quantum technologies, including the QS7001™ RISC V platform and QUASARS project, with production samples expected by year-end 2024. The company anticipates revenue recovery starting H2 2024 and a return to growth by 2025, driven by new customer engagements and the launch of advanced semiconductor products.
SEALSQ Corp (NASDAQ: LAES), specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software, will participate in the Northland Growth Conference on June 25, 2024. This virtual event is organized by Northland Capital Markets. SEALSQ’s CFO, John O’Hara, and General Manager, Bernard Vian, will be available for one-on-one virtual meetings with institutional investors. Interested parties can contact their Northland Representative or The Equity Group for more information or to schedule a meeting.
SEALSQ (NASDAQ: LAES) has announced the planned launch of its Quantum Resistant Chips, QS7001 and QVault TPM, by Q4 2024. Focused on semiconductor and post-quantum technologies, SEALSQ has made rapid progress on its QUASARs project, moving from design to engineering samples ready by the end of 2024. The QS7001 will allow customers to develop their own firmware while QVault TPM will feature pre-provisioned FIPS 140-3 and TCG certified modules. SEALSQ is leveraging this technology to collaborate with large electronics manufacturers, aiming to develop custom quantum resistant chips and expand its business opportunities. This initiative aligns with SEALSQ’s plan to establish a Semiconductor Design and Personalization center.
SEALSQ (NASDAQ: LAES) has announced its support for the Connectivity Standards Alliance in Asia by joining the newly-formed Japanese Interest Group (JIG). The group, part of an international community of over 700 technology companies, aims to foster dialogue and collaboration, focusing on the Internet of Things (IoT) market in Japan. SEALSQ, among 17 founding members, will contribute through its expertise in Semiconductors, PKI, and Post-Quantum technology. The JIG, led by industry leaders including Panasonic and Allion Japan, seeks to advance Matter™ and Aliro™ Smart Home standards. SEALSQ's Japanese team, headed by Sales Director Katsunori Miyahata, will support Japanese device makers in achieving Matter compliance, offering benefits like reduced time-to-market and cost savings through their Matter™ ready PKI-as-a-Service and secure elements.
SEALSQ announced a comprehensive cybersecurity solution for Electric Vehicle (EV) charging stations. Their technology addresses vulnerabilities in EV charging through secure communication protocols and decentralized infrastructure networks (DePINs). The company was selected by a major global electric appliances manufacturer to secure new EV 'Plug & Charge' stations, which use ISO 15118 standards for secure and user-friendly charging.
SEALSQ’s solution includes blockchain technology for secure transactions using SEALCoins, enhancing data integrity and payment efficiency. The global EV charging market, valued at $19.67 billion in 2022, is expected to grow significantly, driven by the rising adoption of EVs. SEALSQ aims to secure this expanding infrastructure with its advanced technology, creating a secure and reliable charging ecosystem.
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