Thales - THLLY STOCK NEWS

Thales and Qualcomm have launched the world's first GSMA certified iSIM on the Snapdragon 8 Gen 2 Mobile Platform, a significant innovation in mobile connectivity. This integrated SIM form factor allows for space-saving, remotely updatable mobile connectivity, appealing to device manufacturers of smartphones, tablets, and wearables. Global iSIM shipments are predicted to reach 300 million by 2027, capturing around 19% of all eSIM shipments. The iSIM complies with GSMA Remote SIM Provisioning standards, ensuring secure and manageable subscriptions.

Thales has successfully conducted a pilot using its Cryptosmart mobile app to demonstrate the viability of Post Quantum Cryptography (PQC) for secure phone calls. Utilizing 5G SIM cards, the test involved mobile-to-mobile calls with hybrid cryptography that combines pre-quantum and post-quantum methods, ensuring resilience against potential quantum threats. This innovation comes amid rising concerns about quantum computing vulnerabilities, prompting Thales to invest in advanced cybersecurity solutions over the past decade. The pilot positions Thales favorably in the cybersecurity landscape as it prepares for future challenges.

L&T Technology Services Limited has partnered with Thales and Qualcomm Technologies to create advanced 5G-driven connectivity solutions aimed at enhancing urban railway operations. This collaboration seeks to leverage Qualcomm's 5G RAN Platform and LTTS’s chip-to-cloud capabilities, enabling efficient private networks and IoT applications. Analysts project the smart railway market will expand from $28.9 billion in 2022 to $43 billion by 2027.

The initiative aims to improve transit efficiency and user experience, highlighting LTTS's commitment to technological innovation in transport infrastructure.

Thales has been awarded the Best Practices Frost & Sullivan Market Leadership Award in software license management for achieving significant market share and exceptional performance. The company’s Sentinel Platform for License and Entitlement Management stands out amid challenges in software licensing, including cost and market adoption issues exacerbated by the pandemic. Thales' comprehensive solutions enhance software monetization and ensure compliance for customers. With a global presence and 450 specialists, Thales is a leader in the evolving software monetization landscape, reinforcing its importance during digital transformation.

Thales has launched a new multimodal biometric pod aimed at enhancing border and travel management. This innovative solution integrates iris and face recognition, streamlining the enrollment and verification process for travelers. It can be utilized independently or within self-service setups, addressing the need for efficiency and improved user experiences at borders. The pod captures biometric data quickly and accurately, significantly reducing wait times. Thales emphasizes its commitment to security and privacy in its design to meet the needs of authorities and travelers.

Thales has introduced the Voice Payment Card, designed to enhance payment security and autonomy for visually impaired individuals. This innovation vocalizes transaction amounts, addressing the high risk of fraud and mistakes faced by the visually impaired, with 90% having reported such issues. Certified by Visa and Mastercard, the card connects to a mobile app that announces transaction details, reinforcing user trust. The solution will soon be available through various banks, emphasizing Thales' commitment to inclusive payment solutions.

Thales has launched its CipherTrust Cloud Key Manager, integrating it with the AWS External Key Store, to enhance data control for organizations using AWS cloud services. This launch follows a significant demand for improved data protection amid regulatory pressures. The solution allows organizations to retain ownership of their encryption keys, facilitating compliance in diverse regulatory environments. The integration aims to simplify the challenges of cloud migration for global organizations while supporting encryption key lifecycle management across multiple cloud platforms.

Thales has announced enhancements to its CipherTrust Cloud Key Manager, facilitating compliance and data governance in multi-cloud environments. Key improvements include support for encryption in Google Gmail, and comprehensive Bring Your Own Key (BYOK) capabilities across major platforms such as AWS, Google Cloud, Microsoft Azure, Oracle, and SAP. The 2022 Thales Cloud Security Study highlights a surge in multi-cloud adoption, with 72% of organizations using multiple providers. This innovation aims to bolster data security and regulatory compliance across diverse cloud infrastructures.

Thales' latest research highlights a significant lack of consumer trust in data protection across industries, based on the 2022 Thales Consumer Digital Trust Index. Banking & Finance (42%), Healthcare (37%), and Consumer Technology (32%) are viewed as the most trusted sectors, while Social Media (18%), Government (14%), and Media & Entertainment (12%) face the lowest confidence. The survey of over 21,000 consumers reveals that 82% reported adverse impacts from data breaches, primarily due to financial fraud (31%). Notably, trust varies significantly by country, influenced by data protection regulations.