SEALSQ Secures Autonomous Aerial Vehicles (AAVs) with Industry-Leading Solutions in Partnership with Major Drone Manufacturers

Rhea-AI Summary

SEALSQ Corp (NASDAQ: LAES) is strengthening its position in the Autonomous Aerial Vehicles (AAVs) market through partnerships with major drone manufacturers. The company's NIST FIPS 140-2 and 140-3 compliant and Common Criteria EAL5+ certified semiconductors are being adopted to protect autonomous systems from cyber threats.

Key partnerships include:

• Parrot: Integrating SEALSQ's semiconductors in ANAFI Ai and SKYCONTROLLER 4 models
• AgEagle: Incorporating SEALSQ's technology into eBee VISION UAS for defense applications

The global commercial drone market is projected to reach $38 billion by 2027, growing at a CAGR of 7.9%. SEALSQ is also testing satellite-to-drone communication systems secured by its semiconductors, aiming to increase drone coverage and control using WISeKey's satellite network.

Positive

• Partnerships with major drone manufacturers Parrot and AgEagle
• Integration of SEALSQ's semiconductors in Parrot's ANAFI Ai and SKYCONTROLLER 4 models
• Incorporation of SEALSQ's technology in AgEagle's eBee VISION UAS for defense applications
• Projected growth of global commercial drone market to $38 billion by 2027 (CAGR 7.9%)
• Testing of satellite-to-drone communication systems using SEALSQ's semiconductors

Negative

• None.

Insights

Tech Expert

SEALSQ's partnership with major drone manufacturers like Parrot and AgEagle marks a significant step in securing Autonomous Aerial Vehicles (AAVs). Their NIST FIPS 140-2/3 compliant and Common Criteria EAL5+ certified semiconductors address critical security needs in the rapidly growing AAV market. This technology ensures encrypted communications, software integrity and tamper-proof identity management, which are important for sensitive operations and defense applications.

The integration of SEALSQ's VaultIC405 secure element in Parrot's drones and the incorporation of their technology in AgEagle's eBee VISION UAS demonstrate the growing demand for robust security solutions in commercial and military-grade drones. With the global commercial drone market projected to reach $38 billion by 2027, SEALSQ is well-positioned to capitalize on this growth, particularly in sectors requiring stringent security measures.

Market Research Analyst

SEALSQ's strategic partnerships in the AAV sector are timely and potentially lucrative. The projected 7.9% CAGR of the commercial drone market from 2022 to 2027 indicates substantial growth opportunities. By focusing on high-value sectors like public safety, defense and infrastructure inspection, SEALSQ is targeting areas where security is paramount and willingness to pay for advanced solutions is high.

The company's involvement in satellite-to-drone communication systems further expands its market potential. This technology could be a game-changer, enabling global drone operations regardless of geographic distance. However, investors should note that while the partnerships with Parrot and AgEagle are promising, the actual revenue impact and market share gains remain to be seen. The company's success will depend on its ability to scale these partnerships and secure additional contracts in this competitive and rapidly evolving market.

Geneva, Switzerland, Aug. 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 that it is solidifying its position in the rapidly expanding market of Autonomous Aerial Vehicles (AAVs) via key partnerships with major drone manufacturers.

SEALSQ’s NIST FIPS 140-2 and 140-3 compliant and Common Criteria EAL5+ certified semiconductors are increasingly being adopted to protect autonomous systems from cyber threats while enabling secure data transmission, embedded software integrity, and unique identity management.

The Rise of Autonomous Aerial Vehicles (AAVs)
AAVs, also known as autonomous aircraft, operate without direct human intervention. Unlike traditional drones, which are predominantly designed for surveillance and delivery, AAVs are engineered for human transport. Equipped with GPS, inertial navigation systems, and sophisticated sensors, these vertical take-off and landing (VTOL) vehicles operate in confined spaces and provide quicker, more efficient travel.

Recent Partnerships with Leading Drone Manufacturers
SEALSQ has established key collaborations with prominent drone manufacturers such as Parrot and AgEagle, bringing advanced security solutions to the forefront of unmanned aerial systems (UAS).

• Parrot has integrated SEALSQ’s semiconductors in their ANAFI Ai and SKYCONTROLLER 4 models, ensuring that critical data remains secure during sensitive operations. SEALSQ’s VaultIC405 secure element plays a pivotal role in guaranteeing cryptographic operations, software integrity, and secure drone-to-ground control system (GCS) pairing. The partnership offers unmatched protection and enhances Parrot’s ability to conduct secure infrastructure inspections and other specialized missions. Parrot is Europe's leading commercial UAV group, that develops and markets a complementary range of micro-UAV equipment and image analysis software dedicated to companies, large groups and governments. Its offer is mainly centered on three vertical markets: inspection for 3D mapping and geomatics, defense and security, and Precision agriculture. See announcement here.
  
  
• AgEagle, a leading provider of full stack drone, sensors and software solutions for customers worldwide in the commercial and government verticals has incorporated SEALSQ’s technology into its eBee VISION UAS, designed for Intelligence, Surveillance, and Reconnaissance (ISR) missions. This NIST FIPS140-2 Level 3 compliant and Common Criteria EAL5+ certified secure element enables encryption, secure communications, and tamper-proof identity management. The eBee VISION is part of the U.S. Department of Defense’s Defense Innovation Unit (DIU) program, further validating SEALSQ’s critical role in defense and public safety applications. See announcement here.
  
  

Expanding Market Opportunities
The global commercial drone market is projected to reach $38 billion by 2027, growing at a CAGR of 7.9% from 2022 to 2027, with sectors like public safety, defense, and infrastructure inspection driving demand for robust encryption and privacy features. SEALSQ is positioned at the center of this growth, offering industry-leading solutions that meet the rigorous security standards demanded by the market.

Next-Generation Drone Communications and Control
SEALSQ is also testing satellite-to-drone communication systems secured by its semiconductors. The company announced last November its collaboration with Parrot to enhance the security and interconnectivity of Parrot drones using WISeKey's satellite network. The strategic partnership aims to harness the potential of WISeKey International Holdings (Nasdaq: WKEY / SIX: WIHN), SEALSQ’s parent company, global satellite network (WISeSat) to increase drone coverage and control, enabling pilots to operate and observe drones no matter their geographic distance. See announcement here.

A Secure Future for Autonomous Aerial Vehicles
As drone applications evolve from individual vehicles to swarms and interconnected systems, interoperability and cybersecurity remain critical. SEALSQ’s solutions address these challenges, ensuring confidentiality, integrity, and authentication across the entire network. By embedding secure elements into each AAV, SEALSQ is paving the way for the future of secure, reliable, and efficient autonomous aerial systems.
For more information, visit SEALSQ's website or contact our media team.

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 role in the Autonomous Aerial Vehicles (AAVs) market?

SEALSQ is providing NIST FIPS 140-2 and 140-3 compliant and Common Criteria EAL5+ certified semiconductors to protect AAVs from cyber threats, enabling secure data transmission, embedded software integrity, and unique identity management.

Which major drone manufacturers has SEALSQ partnered with?

SEALSQ has established key partnerships with prominent drone manufacturers such as Parrot and AgEagle, integrating their security solutions into advanced drone models.

How is SEALSQ's technology being used in Parrot drones?

Parrot has integrated SEALSQ's semiconductors, specifically the VaultIC405 secure element, in their ANAFI Ai and SKYCONTROLLER 4 models to ensure cryptographic operations, software integrity, and secure drone-to-ground control system pairing.

What is the projected growth of the global commercial drone market?

The global commercial drone market is projected to reach $38 billion by 2027, growing at a CAGR of 7.9% from 2022 to 2027.

How is SEALSQ (NASDAQ: LAES) expanding its drone communication capabilities?

SEALSQ is testing satellite-to-drone communication systems secured by its semiconductors, collaborating with Parrot to enhance drone security and interconnectivity using WISeKey's global satellite network (WISeSat).