SEALSQ Integrates Internet of Payment (IoP) in Next-Generation IoT-Enabled Semiconductors, Revolutionizing Connected Commerce

Rhea-AI Summary

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.

Positive

• Integration of Internet of Payment (IoP) capabilities into next-generation IoT-enabled semiconductors
• Positioning SEALSQ at the forefront of connected commerce revolution
• Expanding potential applications across automotive, home automation, and industrial IoT sectors
• Preparation to release engineering samples of QS7001 Quantum-Resistant secure chips before year-end
• Significant new agreements and partnerships signed with existing and new clients

Negative

• None.

Insights

Financial Analyst

SEALSQ's integration of Internet of Payment (IoP) capabilities into its IoT semiconductors represents a significant strategic move. This positions the company to capture a slice of the rapidly growing cashless payment market, expected to triple in volume by 2030. The potential for revenue diversification is substantial, as SEALSQ could monetize not just chip sales but also transaction fees. However, investors should note that while the technology is promising, concrete financial projections are absent from the announcement. The company's ability to execute and gain market share in this competitive space will be crucial. Keep an eye on future earnings reports for tangible evidence of IoP's impact on SEALSQ's bottom line.

Tech Expert

SEALSQ's IoP integration is a technological leap forward in IoT semiconductors. The features outlined, such as secure autonomous transactions and real-time processing, address critical needs in the evolving IoT landscape. Particularly noteworthy is the focus on energy efficiency, which is important for widespread IoT adoption. The company's preparation to release quantum-resistant secure chips (QS7001) also demonstrates foresight in addressing future cybersecurity challenges. However, the success of this technology will depend on widespread adoption and integration with existing payment infrastructures. Investors should monitor industry partnerships and adoption rates as key indicators of SEALSQ's success in this new venture.

Market Research Analyst

The market potential for SEALSQ's IoP-enabled semiconductors is substantial. With projections of 75% of devices being interconnected by 2025 and an expected 80% surge in global cashless payment volumes between 2020 and 2025, SEALSQ is positioning itself in a high-growth market. The diverse applications across automotive, home automation and industrial IoT sectors broaden the company's potential customer base. However, competition in this space is likely to be fierce, with established tech giants and fintech companies vying for market share. SEALSQ's success will hinge on its ability to differentiate its offering and secure key partnerships. Investors should closely monitor SEALSQ's market penetration and adoption rates in various IoT sectors.

Geneva, Switzerland, Sept. 20, 2024 (GLOBE NEWSWIRE) -- 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 the integration of Internet of Payment (IoP) capabilities into its next-generation IoT-enabled semiconductor solutions. This bold step positions SEALSQ at the forefront of a digital revolution, where connected devices transcend their traditional roles, morphing into dynamic commercial hubs capable of secure and autonomous transactions.

IoP: Ushering in a New Era of Commerce

The Internet of Things (IoT) has transformed everyday objects into smart, connected devices capable of communication and data exchange. Now, with the IoP integration, SEALSQ is taking this transformation further by enabling these connected devices to conduct autonomous, secure transactions, effectively making them part of a vast and efficient commerce network.

The IoP concept reimagines the role of IoT devices, evolving them into commercial platforms that facilitate seamless financial transactions. With this groundbreaking development, everyday items — cars, home appliances, or industrial machinery—will no longer merely communicate but will become active participants in the global economy, processing payments, ordering services, and managing resources autonomously.

Carlos Moreira, CEO of SEALSQ noted, “The innovative integration of IoP technology into our latest semiconductors represents a significant leap forward for the IoT industry.” “SEALSQ is enabling a future where connected devices are not just smarter but financially empowered, transforming how individuals and businesses interact, communicate and exchange data.”

Mr. Moreira added, “We continue to make substantial investments in next-generation technologies and are well positioned to benefit from the expected demand for post-quantum chips. We are now preparing to release engineering samples of our QS7001 Quantum-Resistant secure chips before the end of the year. SEALSQ’s strong value proposition has been reflected by significant new agreements and partnership signed this year with existing and new clients.”

Next-Generation Semiconductor Features

SEALSQ’s next-generation semiconductors will be equipped with advanced capabilities that address the growing demands of IoP applications, including:

• Secure, Autonomous Transactions: SEALSQ’s embedded secure payment modules ensure that IoT devices can conduct transactions safely and autonomously, mitigating risks associated with data breaches and fraud.
• Real-Time Transaction Processing: With cutting-edge microprocessor designs, SEALSQ chips enable real-time, seamless communication between devices and financial institutions, ensuring frictionless payment experiences for users.
• Scalability: SEALSQ’s semiconductors are designed to scale across various industries—from automotive to home automation to industrial IoT applications—ensuring that the potential of IoP is realized in a diverse range of use cases.
• Energy-Efficient Payment Modules: Low-power consumption features make SEALSQ’s semiconductors ideal for a wide variety of IoT devices, ensuring they can operate autonomously for long periods while still processing transactions.

IoP in Action: From Vision to Reality

The potential applications for SEALSQ’s IoP-enabled semiconductors are vast, spanning multiple industries:

• Automotive: Imagine a car that not only communicates with nearby infrastructure but also autonomously pays for fuel, parking, and tolls. SEALSQ's IoP integration enables this scenario to become a reality, following in the footsteps of innovations like the Chevrolet-Shell in-dash fuel payment system.
• Home Automation: Connected appliances such as printers, refrigerators, and thermostats can autonomously order and pay for supplies or services. SEALSQ’s secure semiconductor solutions make this possible, with payment systems fully integrated into the devices’ IoT ecosystem.
• Industrial IoT: Autonomous transaction processing becomes essential in sectors where IoT-connected machinery and equipment need to optimize resource allocation, order parts, and pay for services without human intervention.
  
  

Market Impact: IoP as the Future of Payments

Industry forecasts reveal the massive potential of IoP and its role in the future of global commerce. By 2025, an estimated 75 billion devices will be interconnected through the IoT. To fully capitalize on this vast network of connected devices, SEALSQ’s IoP capabilities offer an essential solution: secure, real-time transactions between machines.

Further, as global cashless payment volumes are expected to surge by over 80% between 2020 and 2025, SEALSQ’s solutions will be a pivotal driver in this transition, empowering devices to perform financial transactions without human intervention. By 2030, cashless payment volumes are expected to triple, highlighting the importance of SEALSQ’s semiconductor innovations in the world’s rapidly evolving payment ecosystem.

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.

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 is SEALSQ's new IoP integration for IoT-enabled semiconductors?

SEALSQ has integrated Internet of Payment (IoP) capabilities into its next-generation IoT-enabled semiconductor solutions, enabling connected devices to conduct autonomous, secure transactions and become active participants in the global economy.

How will SEALSQ's IoP-enabled semiconductors impact the automotive industry?

SEALSQ's IoP-enabled semiconductors will allow cars to autonomously pay for fuel, parking, and tolls, similar to innovations like the Chevrolet-Shell in-dash fuel payment system.

What are the key features of SEALSQ's next-generation semiconductors with IoP capabilities?

Key features include secure autonomous transactions, real-time transaction processing, scalability across various industries, and energy-efficient payment modules.

When will SEALSQ (NASDAQ: LAES) release samples of its Quantum-Resistant secure chips?

SEALSQ plans to release engineering samples of its QS7001 Quantum-Resistant secure chips before the end of the year.