SEALSQ Launches a Revolutionary “On-Package” Semiconductor Provisioning Service Shortening Lead Time to 4 Weeks
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The announcement by SEALSQ Corp regarding the launch of a new 'on-Package' chip personalization service with a significantly reduced lead-time is a strategic move that addresses current market trends in the Internet of Things (IoT) sector. The ability to offer small-batch manufacturing is particularly valuable for IoT device makers who require flexibility and speed in their go-to-market strategies. This service allows companies to test and iterate their products in real market conditions before committing to large-scale production, which can lead to cost savings and enhanced product-market fit.
Furthermore, the integration of this service with SEALSQ's existing VaultIC™ range and its VaultITrust™ personalization platform suggests a vertically integrated approach that can streamline the supply chain. This could lead to increased customer loyalty and potentially attract new clients looking for comprehensive security solutions. The focus on compliance with emerging standards and regulations, such as the Matter specification, is indicative of SEALSQ's commitment to meeting industry-specific security requirements, which is increasingly important as the IoT landscape evolves.
SEALSQ's extension of its semiconductor provisioning offering to include 'on-Package' chip personalization service is a significant development in the context of cybersecurity for IoT devices. The ability to embed secure elements with certificates and keys compliant with protocols like MATTER, Wi-SUN, or OPC is crucial for secure authentication and commissioning with cloud services such as Microsoft AZURE or AWS Clouds. This move aligns with the growing emphasis on cybersecurity in the IoT space, as evidenced by initiatives like the US Cyber Trust Mark and the EU Cyber Resilience Act.
By reducing the lead-time for secure element personalization, SEALSQ is enabling device makers to more rapidly respond to security threats and regulatory changes. This agility is a competitive advantage in an industry where the ability to ensure the integrity and confidentiality of data is paramount. The integration of SEALSQ's Managed PKI-as-a-Service platform (INeS™) further enhances the value proposition by facilitating the management of certificates throughout the device's lifecycle, thereby addressing a critical aspect of device security management.
From a financial perspective, SEALSQ's new service offering is poised to potentially impact the company's revenue streams by tapping into the demand for rapid prototyping and deployment in the IoT industry. By offering a 4-week lead-time for chip personalization, SEALSQ is not only improving its service delivery speed but also addressing the need for cost-effective solutions in small-batch production, which could lead to an increase in market share within this niche segment.
The ability to offer pre-loaded chips in volumes as small as 1,000 units suggests a scalable business model that can cater to a wide range of customers, from startups to established enterprises. This scalability, combined with the vertical integration of SEALSQ's security offerings, could result in significant operational efficiencies and margin improvements. Investors should monitor customer adoption rates and the subsequent impact on SEALSQ's financial performance, particularly in terms of revenue growth and profit margins.
Tortola, British Virgin Islands , Jan. 10, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, today announced that it extends its available “on-wafer” semiconductor provisioning offering with a new 4-week lead-time “on-Package” chip personalization service.
Through this new service, SEALSQ is now able to offer its clients the option to personalize off-the-shelf secure elements from its VaultIC™ range with certificates and keys and deliver the pre-loaded chips in less than 4 weeks packed in reels from 1,000 to 20,000 units.
SEALSQ’s ability to quickly adapt it offerings by launching new products with fast time-to-market lead time, aims to address IoT device maker’s demands who are looking to run small-batch manufacturing before scaling up production.
For more information see video: https://www.youtube.com/watch?v=3q_0tpVVyg4&feature=youtu.be.
The core of SEALSQ’s value proposition is to be a vertically integrated security offering. It means in practice that its secure element range can be pre-provisioned with private keys and certificates compliant with protocols such as MATTER, Wi-SUN or OPC for seamless authentication as well as commissioning with Microsoft AZURE or AWS Clouds.
Chip Personalization is traditionally performed in the semiconductor industry at an early stage of the production process, requiring large order volumes and several months lead-time before delivery.
This last-minute personalization service is provided through SEALSQ’s personalization platform (VaultITrust™) while the Certificate issuance and management can be performed using SEALSQ Managed PKI-as-a-Service platform (INeS™) that allows any device maker to generate and manage these compliant certificates throughout the device’s lifecycle using a convenient and powerful interface.
A growing number of IoT industry standards like Matter, national cybersecurity labels like the US Cyber Trust Mark, and EU regulations like the Cyber Resilience Act are shaping the IoT security landscape. They all require that IoT devices securely embed a unique trusted identity in the shape of certificates and private keys, as a cornerstone to the IoT security framework.
“The Provisioning-on-Package service innovation from SEALSQ comes a year following the release of the Matter specification and is an excellent example of how use of the standard has evolved quickly, adding advanced secure element support with enhanced speed-to-market, while potentially lowering costs for Smart Home device manufacturers,” said Chris LaPre, Head of Technology, Connectivity Standards Alliance.
“The unique combination of SEALSQ’s PKI services, and our on-chip or cloud-based provisioning services together with the Matter Root-of-Trust PAA will help our customers save time and money in achieving Matter security compliance,” said Carlos Moreira, CEO and founder of SEALSQ and the WISeKey Group.
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, 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 SEALSQ's ability to implement its growth strategies; SEALSQ’s ability to generate revenue from emerging new semiconductors; SEALSQ’s ability to generate revenue from Matter certification and the new cyber trust mark standards; the successful introduction of the WISeSat picosatellite constellation; 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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