WISeKey International Holding AG American Depositary Shares - WKEY STOCK NEWS

WISeKey International Holding Ltd. announced the effectiveness of its Registration Statement for a proposed partial spin-off of its semiconductor business, SEALSQ Corp. The SEC declared the Registration Statement effective on March 30, 2023. WISeKey plans to distribute 20% of SEALSQ’s outstanding Ordinary Shares to holders of WISeKey Class B and Class A Shares as a dividend in kind. The transaction is expected to finalize around May 10, 2023, pending approvals, including from WISeKey shareholders and for SEALSQ's listing on NASDAQ under ticker LAES. The Extraordinary General Meeting of Shareholders is scheduled for April 27, 2023.

WISeKey has expanded its North American operations by signing a Sales Representative Agreement with CJR Associates, effective immediately. This marks the third partnership established in 2023, enhancing WISeKey's reach across key regions including the Northeast, Midwest, and Southeast. CJR Associates, a New Jersey-based organization, has extensive experience in the semiconductor market and will leverage its existing customer database to promote SEALSQ’s products. This partnership aims to capitalize on the strong market demand for security semiconductors and identity management solutions, positioning WISeKey for significant growth.

WISeKey, a global cybersecurity leader, is integrating Generative AI into its WISeAI.IO AIoT platform. This innovative move enhances its ability to monitor cybersecurity and digital identities for users and objects, providing protection against malware and ransomware. The integration allows WISeAI to detect abnormalities through data interpretation from secure sensors. Currently connecting over 1.6 billion IoT devices, the platform aims to improve efficiency, personalization, and security of autonomous devices. By leveraging Generative AI, WISeKey's technology promises to create more intelligent and adaptive IoT devices.

WISeKey International Holding Ltd. (NASDAQ: WKEY), a global leader in cybersecurity, AI, and IoT, announced the winners of the 2022 Mayte Spínola Gold Medals. The awards ceremony, set for June 13, 2023, will be held in Times Square, NYC, and will feature NFTs minted on the WISe.ART platform. This initiative underscores WISeKey's commitment to integrating innovative technologies while recognizing excellence in art and culture. The medals celebrate achievements across various domains, including literature, fine arts, and medicine, showcasing WISeKey's role in fostering cultural engagement through digital transformation.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced a panel during the Cryptoverse Island event in Madrid from May 11-13, 2023, focused on utilizing NFTs to combat human trafficking and support NGOs like Nuevo Hogar Betania. OISTE and WISe.ART will create limited edition NFTs, featuring AI-generated art, to raise funds for this cause. Nuevo Hogar Betania provides protection and assistance to women affected by prostitution and trafficking. The organization, operational since 2012, helped 784 women and minors last year. Cryptoverse Island aims to showcase digital art and NFTs, ensuring proof of ownership through WISeKey technology.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announces the launch of WISe.ART, a new NFT platform for art generated using Artificial Intelligence algorithms. This initiative aims to empower artists to create unique digital art pieces, challenging traditional art paradigms. Utilizing techniques like Generative Adversarial Networks (GANs) and style transfer, artists can produce distinctive NFTs. The NFT market has seen substantial growth, with a reported 299% increase in 2020, and this trend is projected to continue. All sales proceeds from the platform will support cybersecurity programs via OISTE, reinforcing WISeKey's commitment to social responsibility.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced a new IoT anti-counterfeiting TAG, protected by U.S. Patent No. US2019/0114522 A1, aimed at enhancing the security of pharmaceutical products. The TAG can be embedded within packaging, allowing remote verification of authenticity via NFC technology. If tampered, the TAG is damaged, preventing reuse for counterfeiting. This innovation addresses rising concerns over counterfeit medications, which pose significant public health risks. The smart bottle market is projected to grow from $88.6 million in 2016 to $258.8 million by 2024, indicating a growing demand for such secure technologies.

WISeKey has announced a partnership with Rep One, a prominent sales representative organization based in Huntsville, Alabama, aimed at enhancing its market presence in North America. The agreement focuses on accelerating the business expansion of WISeKey's subsidiary, SEALSQ Corp., particularly in the Southeast U.S. through Rep One's established customer base. This collaboration will leverage Rep One's expertise in semiconductors to promote WISeKey's security offerings, which have seen increasing demand. WISeKey believes this partnership will build a strong foundation for growth, supported by its existing North American sales team.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announced that its subsidiary SEALSQ has successfully created a demonstrator of its quantum-resistant technology, utilizing NIST selected post-quantum algorithms, Kyber and Dilithium. This achievement is a key milestone for the QUASARS project, aimed at developing a Post-Quantum Hardware Security Module. The demonstrator runs on a certified secure hardware platform, reinforcing WISeKey's commitment to advancing post-quantum cryptography compliant with cybersecurity standards. The project has garnered support from the French SCS Cluster, signifying its potential in enhancing cybersecurity across various industries.