SEALSQ in Cooperation with WISeKey Expands Post-Quantum Footprint in Saudi Arabia
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 Corp (NASDAQ: LAES) ha annunciato un'espansione della propria presenza in Arabia Saudita attraverso una partnership con WISeKey International Holding. Le aziende, attraverso la loro joint venture WISeKey Arabia con il Gruppo Juffali, mirano a supportare la trasformazione digitale e le iniziative di cybersecurity dell'Arabia Saudita in linea con la Vision 2030.
La collaborazione si concentra sull'implementazione di tecnologie crittografiche resistenti al quantum, inclusi l'Infrastruttura a Chiave Pubblica (PKI), la gestione dell'identità digitale e le soluzioni di sicurezza IoT. Le aziende intendono introdurre l'ecosistema WISeSat.Space, una soluzione satellitare sicura a bassa potenza per dispositivi IoT, caratterizzata da sicurezza end-to-end con crittografia resistente al quantum.
Inoltre, SEALSQ e WISeKey stanno collaborando con Hedera in relazione al DeepTech Venture Studio, un'iniziativa da 250 milioni di dollari finanziata dalla Hashgraph Association (50 milioni di dollari) e dall'Associazione del Ministero dell'Investimento saudita (200 milioni di dollari), che supporta le startup saudite nel campo della blockchain, dell'AI, dell'IoT, della robotica e del calcolo quantistico.
SEALSQ Corp (NASDAQ: LAES) anunció una expansión de su presencia en Arabia Saudita a través de una asociación con WISeKey International Holding. Las empresas, a través de su empresa conjunta WISeKey Arabia con el Grupo Juffali, buscan apoyar la transformación digital y las iniciativas de ciberseguridad de Arabia Saudita alineadas con la Visión 2030.
La colaboración se centra en la implementación de tecnologías criptográficas resistentes a la computación cuántica, incluyendo la infraestructura de clave pública (PKI), la gestión de la identidad digital y las soluciones de seguridad para IoT. Las empresas planean introducir el ecosistema WISeSat.Space, una solución de satélite segura y de bajo consumo para dispositivos IoT, con seguridad de extremo a extremo y cifrado resistente a la computación cuántica.
Además, SEALSQ y WISeKey están asociándose con Hedera en relación con el DeepTech Venture Studio, una iniciativa de 250 millones de dólares financiada por The Hashgraph Association (50 millones de dólares) y la Asociación del Ministerio de Inversión de Arabia Saudita (200 millones de dólares), que apoya a las startups sauditas en blockchain, IA, IoT, robótica y computación cuántica.
SEALSQ Corp (NASDAQ: LAES)는 WISeKey International Holding과의 파트너십을 통해 사우디 아라비아에서의 입지를 확장한다고 발표했습니다. 두 회사는 Juffali 그룹과의 공동 벤처 WISeKey Arabia를 통해 사우디 아라비아의 디지털 전환과 사이버 보안 이니셔티브를 Vision 2030에 맞춰 지원하는 것을 목표로 하고 있습니다.
이번 협력은 양자 저항 암호화 기술의 구현에 초점을 맞추고 있으며, 여기에는 공개 키 인프라(PKI), 디지털 아이덴티티 관리, IoT 보안 솔루션이 포함됩니다. 회사들은 IoT 장치를 위한 저전력 안전한 위성 솔루션인 WISeSat.Space 생태계를 도입할 계획이며, 이는 양자 저항 암호화를 통해 종단 간 보안을 제공합니다.
또한 SEALSQ와 WISeKey는 DeepTech Venture Studio와 연계하여 헤데라와 파트너십을 맺고 있으며, 이 인니셔티브는 Hashgraph Association(5000만 달러)와 사우디 투자부 협회(2억 달러)가 자금을 지원하는 2억 5천만 달러 규모로, 사우디 기반 스타트업의 블록체인, AI, IoT, 로보틱스 및 양자 컴퓨팅을 지원합니다.
SEALSQ Corp (NASDAQ: LAES) a annoncé une expansion de sa présence en Arabie Saoudite grâce à un partenariat avec WISeKey International Holding. Les entreprises, à travers leur coentreprise WISeKey Arabia avec le Groupe Juffali, visent à soutenir la transformation numérique et les initiatives de cybersécurité de l'Arabie Saoudite en ligne avec la Vision 2030.
La collaboration se concentre sur la mise en œuvre des technologies de cryptographie résistantes aux quantiques, y compris l'infrastructure à clé publique (PKI), la gestion des identités numériques, et les solutions de sécurité IoT. Les entreprises prévoient d'introduire l'écosystème WISeSat.Space, une solution satellite sécurisée à faible consommation d'énergie pour les appareils IoT, offrant une sécurité de bout en bout avec un chiffrement résistant aux quantiques.
De plus, SEALSQ et WISeKey s'associent à Hedera dans le cadre du DeepTech Venture Studio, une initiative de 250 millions de dollars financée par la Hashgraph Association (50 millions de dollars) et l'Association du Ministère de l'Investissement saoudien (200 millions de dollars), soutenant les startups basées en Arabie Saoudite dans les domaines de la blockchain, de l'IA, de l'IoT, de la robotique et de l'informatique quantique.
SEALSQ Corp (NASDAQ: LAES) hat eine Erweiterung seiner Präsenz in Saudi-Arabien durch eine Partnerschaft mit WISeKey International Holding angekündigt. Die Unternehmen planen, über ihr Joint Venture WISeKey Arabia mit der Juffali Group die digitale Transformation und die Cybersicherheitsinitiativen Saudi-Arabiens im Einklang mit Vision 2030 zu unterstützen.
Die Zusammenarbeit konzentriert sich auf die Implementierung von quantensicheren Kryptografietechnologien, einschließlich der Public Key Infrastructure (PKI), der digitalen Identitätsverwaltung und IoT-Sicherheitslösungen. Die Unternehmen beabsichtigen, das WISeSat.Space-Ökosystem einzuführen, eine energieeffiziente, sichere Satellitenlösung für IoT-Geräte, die End-to-End-Sicherheit mit quantensicherer Verschlüsselung bietet.
Zusätzlich arbeiten SEALSQ und WISeKey mit Hedera im Zusammenhang mit dem DeepTech Venture Studio zusammen, einer 250 Millionen Dollar-Initiative, die von der Hashgraph Association (50 Millionen Dollar) und der saudischen Ministerium für Investitionen (200 Millionen Dollar) finanziert wird und saudische Startups in den Bereichen Blockchain, KI, IoT, Robotik und Quantencomputing unterstützt.
- Partnership with Saudi Ministry of Investment Association through $250M DeepTech Venture Studio initiative
- Strategic expansion in Saudi Arabian market through joint venture with Juffali Group
- Introduction of WISeSat.Space ecosystem for IoT security and satellite communications
- None.
Insights
This strategic expansion in Saudi Arabia represents a calculated move to capture a share of the Kingdom's ambitious
The WISeSat.Space integration offers a unique value proposition by addressing the critical gap in secure IoT communication infrastructure - essential for Saudi's smart city initiatives and industrial digitalization. The satellite network's low-power consumption and quantum-resistant encryption provide a competitive edge in the region's growing IoT security market.
Notable is the alignment with Saudi's Vision 2030 technology objectives and the partnership with Hedera, which positions SEALSQ to benefit from the
The expansion carries significant revenue potential through multiple channels. First, the DeepTech Venture Studio partnership provides access to a
The collaboration with Hedera adds another layer of value, as blockchain integration becomes important for Saudi's digital infrastructure projects. The backing of the Saudi Ministry of Investment with
Riyadh, Saudi Arabia, Jan. 13, 2025 (GLOBE NEWSWIRE) --
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that in partnership with its parent company, WISeKey International Holding (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), is scaling its presence in Saudi Arabia to support the Kingdom’s digital transformation and cybersecurity advancements. Through their joint venture, WISeKey Arabia, in collaboration with the Juffali Group, SEALSQ and WISeKey aim to gradually introduce groundbreaking technology innovations tailored to Saudi Arabia’s unique needs.
In 2019, WISeKey Arabia, in partnership with the Juffali Group, a leading Saudi business conglomerate, is committed to fostering a secure digital ecosystem in alignment with Vision 2030. The collaboration focuses on providing state-of-the-art solutions, including Public Key Infrastructure (PKI), digital identity management, and IoT security, enhanced with SEALSQ’s quantum-resistant cryptographic technologies. This initiative ensures a robust foundation for Saudi businesses and government entities to thrive in an increasingly digital world.
Gradual Deployment of Cutting-Edge Technologies
SEALSQ and WISeKey plan to gradually introduce innovative solutions to Saudi Arabia’s technology landscape, including advancements in satellite communication and IoT security through the WISeSat.Space ecosystem. WISeSat.Space, WISeKey’s pioneering low-power, secure satellite solution, enables real-time data processing for IoT devices in remote locations.
The system is designed to provide:
- End-to-End Security: Utilizing quantum-resistant encryption to protect critical IoT data.
- Cost-Efficiency: Reducing the barriers to satellite communication for businesses and government projects.
- Scalability: Supporting diverse applications, including environmental monitoring, smart cities, and supply chain optimization.
WISeSat.Space’s integration into the Saudi market represents a strategic step in equipping local industries with the tools needed to excel in the Fourth Industrial Revolution.
Partnership with Hedera and The Hashgraph Association
In addition to WISeSat.Space’s deployment, SEALSQ and WISeKey are collaborating with Hedera, leveraging its enterprise-grade distributed ledger for blockchain-based applications. These efforts align with The Hashgraph Association’s five-year partnership with the Saudi Ministry of Investment Association, which includes the launch of the
Funded with
Aligning with Vision 2030
WISeKey and SEALSQ’s plans align with Saudi Arabia’s Vision 2030, which emphasizes innovation, digital transformation, and economic diversification. The partnership supports key national initiatives, including the Centre for the Fourth Industrial Revolution (C4IR) Saudi Arabia and the Quantum Economy project, ensuring that the Kingdom remains a global leader in advanced technologies.
“Our commitment to Saudi Arabia extends beyond cybersecurity,” said Carlos Moreira, CEO of SEALSQ. “By introducing groundbreaking technologies like WISeSat and collaborating with key partners such as the Juffali Group, Hedera, and The Hashgraph Association, we aim to empower the Kingdom’s businesses and government with the tools they need to succeed in a rapidly evolving digital landscape.”
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 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 the expected success of our technology strategy and solutions for IoMT Security for Medical and Healthcare sectors, 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.
| 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 |
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