SEALSQ Unveils New Upgrades to INeS, Its Certificate Management Solution (CMS), Tailored for the Internet of Things (IoT) Domain
- SEALSQ Corp unveils upgraded INeS version integrated with SEALCOIN for IoT and M2M communication.
- The platform offers advanced device management features for various industries and applications.
- SEALSQ's enhanced INeS CMS for IoT employs public key cryptography and digital certificates, aligning with X509 ITU standards.
- The platform predicts significant revenue growth in IoT device management services by 2026.
- None.
Insights
The unveiling of SEALSQ Corp's upgraded INeS platform has significant implications for the IoT and M2M communication sectors. The integration with major cloud providers and the upcoming SEALCOIN token suggests a strategic move towards enhancing device management services and monetizing IoT ecosystems. The platform's capabilities in managing device credentials and supporting multitenancy are likely to cater to the increasing demand for scalable and secure IoT solutions.
With ABI Research forecasting IoT device management services to generate revenues exceeding $36.8 billion by 2026, SEALSQ's enhanced CMS positions the company to capitalize on this growing market. The focus on a recurrent revenue model based on authenticated data and enabled services, rather than hardware, aligns with the industry shift towards service-based business models. This could attract investors interested in companies with sustainable, long-term revenue streams.
The emphasis on security in SEALSQ's INeS platform is a critical aspect of IoT deployments. The advanced Device Management feature that allows for secure provisioning and management of digital certificates addresses the escalating cybersecurity threats in the IoT space. By embedding the Root of Trust (RoT) within devices, SEALSQ ensures that the platform can provide secure interactions essential for the integrity of IoT ecosystems.
With the proliferation of IoT devices and the increasing sophistication of cyber threats, the market for secure IoT solutions is expanding rapidly. SEALSQ's approach to security, which includes leveraging VaultIC Secure Elements for data protection and AI for threat detection, suggests a competitive edge that may increase its market share and potentially impact its stock performance positively.
The financial implications of SEALSQ's announcement are multifaceted. The integration of INeS with SEALCOIN implies an innovative approach to IoT transactions, potentially opening new revenue streams. The ability to handle a wide range of certificate enrollment protocols and compliance with X509 ITU standards indicates a robust and adaptable platform that can appeal to a broad customer base.
Investors should note the company's managed service offering from secure data centers in Switzerland, which may provide a competitive advantage in terms of data security and reliability. This, combined with the option for on-premises and hybrid deployments, positions SEALSQ to meet diverse customer needs. The focus on a recurring revenue model is a positive signal for long-term financial stability, which is often favored by the market.
The new INeS version is fully integrated with SEALCOIN (to become available end Q2 2024) and crafted to cater to the burgeoning sectors of the IoT and Machine-to-Machine (M2M) communication
Geneva, Switzerland, March 11, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in semiconductor, PKI, and Post-Quantum technology today unveiled new upgrades to INeS, its Certificate Management Solution (CMS), tailored for the IoT domain. These upgrades extend the platform's capabilities in registration, configuration, provisioning, maintenance, and monitoring of IoT devices, enabling seamless integration with major cloud providers including Azure IoT Hub, AWS IoT, and Google Cloud IoT.
This integration empowers SEALSQ to offer comprehensive IoT device management services as part of its product suite. This new INeS version is fully integrated with SEALCOIN, which should become available end Q2 2024, and crafted to cater to the burgeoning sectors of the IoT and M2M communication. This groundbreaking token is not just another addition to the crypto ecosystem, but a pivotal force that could redefine how machines interact and transact in a highly interconnected world. The multifaceted applications of SEALCOIN illuminate its potential to transform various industries and streamline people’s daily lives.
The INeS platform introduces an advanced Device Management feature accessible via a web interface and REST API. This innovation allows customers and developers to automate the management of devices and certificates, seamlessly integrating these processes with the manufacturing pipeline. INeS excels in remotely managing credentials, including the activation, deactivation, revocation, renewal, and secure provisioning (point-to-point secure update) of IoT edge devices and business applications.
Expanding the application spectrum, INeS enables a multitude of industrial uses. From facilitating predictive maintenance across industries, optimizing productivity with equipment and machinery monitoring, to enhancing smart home experiences with connected appliances and enabling secure communication between devices like self-driving cars and smart homes, INeS serves as a cornerstone for the IoT era. SEALSQ's technology not only ensures that connected devices evolve into intelligent entities capable of self-defense and learning from cyber threats but also facilitates the sharing of this intelligence across networks.
SEALSQ offers the INeS platform as a managed service from its secure data centers located in Switzerland. Nonetheless, to cater to diverse customer requirements and security mandates, on-premises and hybrid deployment options are also available. The platform is designed to support multitenancy, enabling customers to leverage a single software instance for multiple, independent projects or solutions.
The evolution of device management services is driven by the expanding diversity of device technologies, such as edge intelligence and connectivity technologies, and by customer challenges like scalability and security in IoT deployments. Anticipating future needs, suppliers are preparing for an era where over
Employing public key cryptography and digital certificates, SEALSQ's enhanced INeS CMS for IoT offers a versatile and scalable certificate management solution. It facilitates the issuance, validation, and management of digital identities through PKI solutions, encapsulated in Digital Certificates, aligning with X509 ITU (ISO/IEC 9594-8:2001) standards. The platform also accommodates all major certificate enrollment protocols, including SCEP, CMP, CMC, and EST.
To safeguard IoT ecosystems, embedding security from the initial stages of microchip design is paramount. The incorporation of the Root of Trust (RoT) within connected devices ensures secure interactions among objects and between objects and business applications. SEALSQ’s ecosystem spans across diverse IoT sectors, including smart cards, smart cities, drones, anti-counterfeiting measures, smart lighting, servers, and mobile phones. Positioned at the forefront of IoT, SEALSQ’s VaultIC Secure Elements protect vast quantities of data, which, when analyzed with AI, enable the detection of cybersecurity threats and the prediction of equipment failures before they occur. SEALSQ's IoT revenue model is recurrent, focusing on the authenticated data produced by microchips and RoT and the enabled services, rather than the hardware components themselves.
About SEALSQ:
SEALSQ stands at the cutting edge of technological innovation, with a strategic focus on the provision of integrated solutions that incorporate advanced Semiconductors, Public Key Infrastructure (PKI), and Provisioning services. Our mission is to lead in the development of pioneering Post-Quantum technology, crafting both hardware and software products designed to withstand the emerging threats in the digital landscape. Our suite of solutions is meticulously engineered to cater to a broad spectrum of applications, enabling enhanced security and operational efficiency across various sectors.
Our product lineup is versatile, catering to diverse needs: from Multi-Factor Authentication tokens that fortify access security, to Smart Energy systems and Smart Home Appliances that embody the latest in technological advancements for a more connected, efficient living environment. Additionally, our IT Network Infrastructure solutions serve as the backbone for secure, resilient organizational operations. In the automotive sector, our innovations contribute to safer, more secure vehicular systems, while our contributions to Industrial Automation and Control Systems ensure the reliability and security critical to modern industrial operations.
At the heart of our product development efforts is the pursuit of excellence in Post-Quantum Cryptography (PQC). PQC represents a forward-looking approach to cryptography, designed to offer protection against the formidable computing power of quantum computers. As these quantum devices continue to evolve, their potential to compromise existing cryptographic standards—such as RSA and Elliptic Curve Cryptography (ECC)—becomes a tangible threat. The objective of PQC is to create cryptographic systems that remain secure in the face of these advancements, thereby safeguarding sensitive information against quantum attacks.
SEALSQ is committed to leading the charge in this new era of cybersecurity, ensuring that our clients are equipped with the most advanced, secure technology solutions. By choosing SEALSQ, you're not just selecting a service provider; you're partnering with a visionary leader dedicated to securing your digital future against the next generation of cyber threats. Our dedication to innovation, combined with our deep expertise in Post-Quantum Cryptography, positions us uniquely to protect and empower your operations in an increasingly connected and complex world.
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 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 enhance its production facilities in the U.S. and France; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; the success of SEALCOIN; 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 |
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