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WISeKey International Holding AG (NASDAQ: WKEY) is a global leader in cybersecurity, digital identity management, and the Internet of Things (IoT) solutions. The company specializes in providing advanced security technologies for data protection, secure identification, and authentication across physical infrastructures, networks, and the internet, ensuring secure communications and e-transactions without compromising trust.
WISeKey operates through several distinctive subsidiaries, each contributing uniquely to its expansive technology portfolio:
- SEALSQ Corp: Focuses on semiconductors, Post-Quantum technology, and provisioning services. Recent investments include the development of quantum-ready semiconductors and the establishment of an Open Semiconductors Assembly and Test (OSAT) Center.
- WISeKey SA: Specializes in Public Key Infrastructure (PKI) management and cryptographic root keys, which are essential for secure digital communications and transactions.
- WISeSat.Space: Focuses on cost-effective satellite deployments through picosatellites, contributing to sectors like agriculture, logistics, and environmental monitoring.
- WISe.ART: Operates in the NFT space and has recently partnered with Hedera to enhance the WISe.ART platform for secure NFT transactions.
WISeKey's innovations are central to the increasingly connected digital ecosystem, providing secure digital identities for individuals, groups, organizations, and communities globally. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of Trust, the company ensures the integrity of online transactions between objects and people.
In 2023, WISeKey achieved significant financial growth, driven by its diversified business model and strategic investments in emerging technologies like blockchain, AI, and IoT. The company continues to expand its footprint with new projects such as the Low Orbit satellite initiatives, upcoming semiconductor personalization centers, and innovations in digital identity and cybersecurity solutions.
WISeKey, Italpreziosi, and Kaufmann & Partners announced a joint venture at Davos to launch PreciousMetalVerse.com, focusing on NFTs backed by physical gold stored in vaults in Switzerland and Italy. This collaboration allows gold investment via Trusted NFT Gold Tokens, which represent ownership over gold bars, ensuring safety without physical handling. The NFTs are tracked digitally and insured, integrating a smart contract for trading. This initiative aims to create a new asset class in the fintech sector while emphasizing sustainability and ethical practices aligned with the UN SDGs Agenda.
WISeKey International Holding Ltd reported preliminary FY 2022 revenues of $25.6 million, representing a 15% increase from FY 2021, despite divesting arago. The semiconductor segment drove this growth, contributing $23.2 million in revenues, up 38% from the previous year. The company has a robust backlog of $36 million for IoT products extending into 2024, with expectations of expanding its customer base significantly by 2023/2024.
WISeKey International Holding Ltd (NASDAQ: WKEY) announces its Davos 2023 event, Surviving the Tech/Crypto Winter, set for January 18, 2023, at the Piano Bar Hotel of Europe, Davos, Switzerland. This marks WISeKey's 18th participation in the World Economic Forum's Global Growth Company community. Key roundtables will discuss topics like IoT security, NFTs, and strategies for navigating economic downturns in technology. The event will feature industry leaders and experts aiming to lay groundwork for future tech advancements.
WISeKey International Holding Ltd., a leading cybersecurity company, released a letter to shareholders detailing business milestones and future strategies. The company anticipates a year-end revenue of over $24.5 million, marking a growth of over 10% compared to 2021, bolstered by strong semiconductor demand. WISeKey's divestiture of arago GmbH reduced cash burn by 40%, enhancing liquidity. The firm expects a 40% growth in the IoT segment for 2023 and has a backlog of $36 million. Emphasis is placed on long-term value despite recent market volatility affecting stock performance.
WISeKey International Holding reaffirms its fiscal 2022 revenue forecast, expecting to exceed $24.5 million, representing over a 10% increase compared to 2021. This growth stems from strong demand for semiconductors despite the divestiture of arago GmbH. The company reports a $36 million backlog for IoT semiconductor products and a $100 million opportunity pipeline. Furthermore, WISeKey anticipates 2023 revenues to grow by at least 40% in the IoT segment, backed by substantial investments in sales capacity.
WISeKey International Holding announced its participation in the Davos 2023 event titled Surviving the Tech/Crypto Winter, scheduled for January 18, 2023. This marks the company’s 18th participation at the World Economic Forum. CEO Carlos Moreira highlighted the importance of the roundtable discussions aimed at addressing challenges in the tech and crypto sectors during economic downturns. Experts will discuss strategies for survival and growth, emphasizing the digital economy's evolution. For registration and further details, visit davos.wisekey.com.
WISeKey, in collaboration with the ONUART Foundation, has launched the One Humanity ID, a new Digital Identity platform. This initiative aims to enhance human interactions and facilitate the trade of NFT art pieces. The platform leverages WISeKey's WISeID technology, ensuring secure online identity management. The project emphasizes support for human rights through its NFT offerings, with proceeds allocated to education in Africa. The platform is accessible at onehumanityworld.ch and represents a significant step in digital identity and blockchain integration.
WISeKey International Holding Ltd (NASDAQ: WKEY) announced the launch of a new series of NFT watches on its WISe.ART marketplace, designed by artist Pedro Sandoval. This Zodiac-themed collection of 12 unique timepieces aims to integrate owners with their WISeID service, enhancing the NFT experience through authenticated digital assets. The updated WISe.ART platform offers enhanced security features, allowing users to connect crypto wallets for seamless transactions. The introduction of NFTs reflects WISeKey's commitment to leveraging blockchain for value preservation in digital assets.
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