SEALSQ and WISeKey Further Integrate their Technologies to Revolutionize the Digital Ecosystem with Post-Quantum Cryptographic Chips, Cybersecurity, Satellites and Advanced TIoT Solutions

Rhea-AI Summary

SEALSQ (NASDAQ: LAES) announced strengthening its strategic collaboration with parent company WISeKey to integrate cutting-edge technologies across three verticals: semiconductors, satellite connectivity, and blockchain. The partnership combines SEALSQ's post-quantum cryptographic chips with WISeKey's cybersecurity and IoT solutions. Key developments include advanced semiconductor solutions for IoT sensors, WISeSat's low-earth orbit nanosatellite connectivity, and the SEALCOIN platform for blockchain-enabled M2M transactions. The SEALCOIN Beta release is expected in Q1 2025 on the Hedera TestNet, with SEALSQ serving as a semiconductor supplier through SEALCOIN AG.

Positive

• Strategic integration of post-quantum cryptographic chips with established cybersecurity solutions
• Development of three revenue streams: semiconductors, satellite connectivity, and blockchain
• Planned Beta release of SEALCOIN platform on Hedera TestNet in Q1 2025

Negative

• None.

Insights

Tech Expert

The integration between SEALSQ and WISeKey represents a strategic technological convergence, but lacks immediate revenue impact or concrete financial metrics. While the post-quantum cryptographic chips and IoT security solutions show promise, the timeline for commercial deployment remains distant with SEALCOIN's beta release not expected until Q1 2025. The partnership primarily focuses on technology development and integration rather than immediate business outcomes.

The collaboration spans three key areas:

• Post-quantum cryptographic semiconductors
• Satellite connectivity for IoT via WISeSat
• Blockchain-based transactions through SEALCOIN

However, without specific contract values, revenue projections, or customer commitments, the immediate market impact remains speculative. For a company with an $11.2M market cap, concrete financial catalysts would be needed to significantly move the needle.

Geneva, Switzerland, Nov. 18, 2024 (GLOBE NEWSWIRE) --  

SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a leader in the development of post-quantum technology, announced today that is strengthening its strategic collaboration with its parent company, WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity and digital identity, to drive innovation across the digital ecosystem. Together, these organizations are integrating cutting-edge technologies to address the critical challenges of secure connectivity, post-quantum cryptography, and the burgeoning demands of IoT.

This partnership builds on SEALSQ’s expertise in developing advanced semiconductors and WISeKey’s leadership in cybersecurity and IoT connectivity. SEALSQ’s post-quantum cryptographic chips, currently in advanced testing, serve as foundational elements for securing devices against the threats posed by emerging quantum computing capabilities. WISeKey complements this with its robust digital identity solutions, blockchain infrastructure, and IoT ecosystem expertise, ensuring end-to-end security and interoperability.

“When SEALSQ’s advanced post quantum chips are paired with WISeKey’s cybersecurity, blockchain and TIoT solutions, we are redefining how devices interact in the digital economy,” said Carlos Moreira, Founder and CEO of WISeKey. “This collaboration ensures that our technologies remain at the forefront of innovation while addressing the critical security challenges of the quantum era.”

This cooperation is focused on three strategically aligned verticals:

1. Semiconductors by SEALSQ: Advanced semiconductor solutions that power IoT sensors and critical security components. These chips, manufactured by SEALSQ, are designed to meet the demands of post-quantum cryptography, ensuring secure data integrity and device functionality.
2. Satellite Connectivity via WISeSat.Space: WISeSat AG, a WISeKey subsidiary, focuses on space technology for secure satellite communication, specifically for IoT applications. Its low-earth orbit nanosatellite solutions provide global connectivity for IoT devices, even in remote or underserved regions. This technology facilitates scalable IoT ecosystems and seamless interconnectivity.  
3. Blockchain and Cryptocurrencies with SEALCOIN: SEALCOIN AG, a WISeKey subsidiary, focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform. Blockchain-enabled machine-to-machine (M2M) transactions powered by SEALCOIN, enable secure and autonomous interactions between IoT devices.   The SEALCOIN platform, now in an advanced phase of development, is designed to enable secure, scalable, and autonomous transactions among IoT devices across industries. SEALCOIN’s Beta release as a Minimum Viable Product (MVP) on the Hedera TestNet, expected in Q1 2025. The role of SEALSQ in this project is expected to be as a supplier of secure semiconductors to or through SEALCOIN AG, with SEALCOIN AG as a distributor of those chips to B2B participants in the platform SEALCOIN AG will be developing.
   
   

The synergy between SEALSQ’s semiconductor innovations and WISeKey’s advanced cybersecurity infrastructure is unlocking new opportunities for the digital ecosystem. By integrating post-quantum cryptographic chips, blockchain technology, and satellite connectivity, the partnership is creating a comprehensive framework for IoT devices to securely operate, connect, and transact.

Bernard Vian SEALSQ’s Managing Director added, “Our cooperation with WISeKey allows us to combine our strengths in semiconductors and cybersecurity to deliver solutions that are not only secure by design but also resilient by design. Together, we are building a future-ready digital ecosystem that bridges the gap between emerging technologies like AI, IoT, and blockchain.

The partnership positions both SEALSQ and WISeKey as leaders in the digital economy, driving advancements in cybersecurity, connectivity, and IoT innovation. This combined offering ensures that industries adopting these technologies can operate with confidence, secure in the knowledge that their ecosystems are protected against present and future threats.

About SEALSQ
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, Medical and Healthcare and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, please visit www.sealsq.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipate will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the expected success of our technology strategy and solutions, SEALSQ's ability to implement its growth strategies, SEALSQ's ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ's filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

About WISeKEY:
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Press and Investor Contacts

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com

SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / lcati@equityny.com Katie Murphy Tel: +212 836-9612 / kmurphy@equityny.com

FAQ

What are the three main verticals in SEALSQ's (LAES) collaboration with WISeKey?

SEALSQ's collaboration with WISeKey focuses on three verticals: semiconductors for IoT sensors, satellite connectivity through WISeSat.Space, and blockchain/cryptocurrencies with SEALCOIN.

When is SEALSQ (LAES) planning to release the SEALCOIN Beta platform?

SEALSQ plans to release the SEALCOIN Beta as a Minimum Viable Product (MVP) on the Hedera TestNet in Q1 2025.

What is SEALSQ's (LAES) role in the SEALCOIN project?

SEALSQ will serve as a supplier of secure semiconductors to or through SEALCOIN AG, which will act as a distributor of these chips to B2B participants in the platform.