SEALSQ and WISeSat Unite to Build Next-Generation Secure Satellite Constellation with Satellite-as-a-Service (SataaS) Model

Rhea-AI Summary

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.

Positive

• Launch of new satellite with advanced secure M2M technology in two weeks
• Introduction of new revenue stream through SataaS model
• Partnership opportunities with $500,000 minimum investment per satellite

Negative

• High entry barrier for partnership requiring $500,000 minimum investment

Insights

Space Technology Analyst

<p>The partnership between SEALSQ and WISeSat marks a strategic entry into the rapidly growing <b>satellite-as-a-service (SataaS)</b> market, estimated to reach <money>$20.3 billion</money> by 2028. The <b>$500,000</b> partnership investment threshold is remarkably competitive compared to traditional satellite deployment costs, which typically range from <money>$1-10 million</money>.</p><p>The constellation's focus on M2M communication with post-quantum cryptography positions it uniquely in the IoT satellite market. This approach addresses a critical gap in secure space-based IoT infrastructure, particularly valuable for industries requiring remote asset monitoring and secure data transmission.</p>

Cybersecurity Expert

<p>The integration of SEALSQ's post-quantum cryptography and root of trust semiconductors provides a significant competitive advantage. This technology stack creates a quantum-resistant security infrastructure essential for protecting against future cyber threats, particularly relevant as quantum computing advances threaten current encryption standards.</p><p>The incremental deployment strategy allows for continuous security updates - a important feature in satellite networks where traditional security patch deployment is challenging. This adaptive approach to security infrastructure represents a forward-thinking solution to long-term space-based cybersecurity challenges.</p>

Investment Analyst

<p>With a market cap of <money>$713.2 million</money>, SEALSQ's venture into the SataaS market could significantly expand its revenue streams. The <money>$500,000</money> entry point for constellation partners creates a scalable business model with potential for recurring revenue through service subscriptions. The partnership with WISeSat, leveraging their shared connection to WISeKey, minimizes operational risks while maximizing technological synergies.</p><p>The focus on sectors like logistics, agriculture and critical infrastructure opens up substantial market opportunities, particularly as these industries increasingly require secure, real-time data solutions. This positions SEALSQ to capture value in both the semiconductor and satellite service markets.</p>

Geneva, Switzerland, Dec. 30, 2024 (GLOBE NEWSWIRE) --

SEALSQ and WISeSat Unite to Build Next-Generation Secure Satellite Constellation with Satellite-as-a-Service (SataaS) Model

Less Than Two Weeks to the Launch of the Next-Generation WISeSat Satellite Equipped with SEALSQ Semiconductors

Geneva, Switzerland — December 30, 2024 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that in cooperation with WISeSat AG (“WISeSat”), a pioneer in satellite-based IoT communication, are set to launch their next-generation satellite in less than two weeks. SEALSQ and WISeSat are both subsidiaries of WISeKey International Holding Ltd (“WISeKey” or the “Company”) (NASDAQ: WKEY; SIX: WIHN), a global leader in cybersecurity, AI, blockchain, and IoT technologies.

This milestone marks a key step in building a revolutionary satellite constellation capable of enabling secure machine-to-machine (M2M) transactions via space. If successful, the launch will initiate testing of advanced technologies that automate and secure communication between machines, powered by SEALSQ’s state-of-the-art semiconductors and post-quantum cryptography solutions.

The partnership introduces a Satellite-as-a-Service (SataaS) model, allowing users/industries to access cutting-edge satellite services without investing in or managing complex infrastructures. By offering secure IoT data transmission, real-time M2M automation, and geospatial analytics, this initiative delivers flexible, scalable solutions to a variety of end users in sectors such as logistics, precision agriculture, and critical infrastructure.

Each satellite is equipped with SEALSQ’s semiconductors and root of trust cryptography, ensuring protection against emerging threats. The constellation’s incremental deployment strategy ensures that each satellite incorporates the latest innovations, creating a continuously evolving and secure network for real-time data transmission and analytics.

By combining SEALSQ’s expertise in post-quantum security with WISeSat’s satellite communication capabilities, this collaboration establishes a unique and scalable infrastructure in space. Frequent satellite launches will expand the constellation’s capacity and coverage, transforming how industries integrate secure, space-based IoT solutions into their operations.

Companies interested in aggregating to the WISeSat satellite constellation can participate through the Partnership Constellation Agreement. This agreement requires an investment of at least $500,000, covering the cost of one satellite and launch. In return, participating companies gain the right to benefit from the entire constellation, leveraging its capabilities for secure IoT data transmission, real-time M2M automation, and advanced space-based solutions tailored to their operations. This partnership represents a bold leap forward in secure communication, automation, and data analytics, driving innovation and meeting the growing demand for resilient and scalable satellite solutions.

About SEALSQ:
SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, 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 anticipates 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 SEALSQ’s ability to implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; 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.

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

When is SEALSQ (LAES) launching its next-generation satellite?

SEALSQ is launching its next-generation satellite in less than two weeks from December 30, 2024.

What is the minimum investment required to join SEALSQ's (LAES) satellite constellation partnership?

The minimum investment required is $500,000, which covers the cost of one satellite and its launch.

What industries will SEALSQ's (LAES) satellite constellation serve?

The satellite constellation will serve industries including logistics, precision agriculture, and critical infrastructure sectors.

What technology does SEALSQ (LAES) use in its satellite constellation?

SEALSQ uses its own semiconductors, root of trust cryptography, and post-quantum cryptography solutions in the satellite constellation.

What services does SEALSQ's (LAES) SataaS model offer?

The SataaS model offers secure IoT data transmission, real-time M2M automation, and geospatial analytics services.