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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 announced that users of its WISeID platform can now mint NFTs directly on the WISe.ART marketplace, enhancing security with dual factor authorization. This integration reduces risks of fraud and theft in NFT transactions, allowing users to maintain control over their digital identities and selectively share information. WISeKey aims to provide secure identity services in the Metaverse, enabling users to build reputations through verified digital interactions. The company's technology is backed by a robust security protocol, facilitating safe asset management.
WISeKey has announced a partnership with Orbus Digital to provide SSL/TLS cybersecurity services in West Africa. This collaboration aims to enhance website security for organizations, addressing browser requirements that restrict access to non-secure sites. The initiative positions both companies to offer competitive security solutions backed by the OISTE/WISeKey root of trust. By leveraging this partnership, they seek to elevate the standard of digital security for African organizations, ensuring compliance with international standards.
The Government of Seychelles has launched the SeyID Platform, developed by WISeKey International Holding (NASDAQ: WKEY). This Digital Identity platform aims to enhance eGovernment services, tourism, and eHealth initiatives. With the SeyID project, citizens can access digital identity via mobile apps, complementing the National Identity Card. The platform incorporates WISeKey's WISeID technology, which ensures secure online transactions and identity verification. The project is in its final integration phases and is expected to offer services to non-residents in 2023.
WISeKey International Holding Ltd. (NASDAQ: WKEY) has announced the launch of its new Vault-IC 405 cryptographic module, achieving FIPS 140-2 Level 2 and Level 3 validations. This secure element is designed for government and military communications utilizing the APCO-P25 standard. The validation ensures tamper-proof storage of encryption keys, an increasingly critical requirement for agencies including the Department of Homeland Security in the U.S. This affordable solution enhances market opportunities for secure radio manufacturers worldwide.
WISeKey has appointed Simon Reding as the Satellite Application Manager to enhance collaboration with the Swiss Armed Forces. Reding, with military and software engineering experience, will oversee Space Situational Awareness operations. This follows a recent partnership with the Swiss Armed Forces aimed at developing data security and communication capabilities via low-orbit satellites. Reding's background includes work with the Swiss Armed Forces Joint Operations Command, and he holds a master's degree in computer science focusing on AI and decentralized systems.
WISeKey International Holding (NASDAQ: WKEY) has announced a partnership with Continent 8 Technologies to establish a local node in Gibraltar, aimed at providing Trusted Managed Services for digital identity, IoT, and NFT projects. This initiative is part of the LLG 4IR Center of Excellence, enhancing cybersecurity services throughout the region. The project is expected to be fully operational by Q1 2023, reinforcing WISeKey's commitment to innovation and collaboration in the Fourth Industrial Revolution.
WISeKey International Holding Ltd (NASDAQ: WKEY) has partnered with the Chinese Museum of Finance to mint the world's first Jiaozi NFT on the WISe.ART platform, priced at $100 to enhance cultural heritage. This NFT pays homage to the Jiaozi, the first government-issued paper currency from 1024 AD. The proceeds will fund the Museum's cultural initiatives. Additionally, the collaboration includes creating a digital and physical "MetaFi Museum" to showcase NFTs. WISeKey is advancing its blockchain support to facilitate a secure NFT marketplace as part of its Web3.0 strategy.
WISeKey International Holding has appointed Ouided Bouchamaoui, a Nobel Peace Prize laureate, to its Advisory Committee, focusing on safeguarding digital identity amid the 4th Industrial Revolution. Bouchamaoui, known for her pivotal role in Tunisia's transition to democracy post-Arab Spring, brings extensive experience in leadership and human rights advocacy. Her involvement aims to bolster WISeKey's strategy in cybersecurity and digital identity protection. This strategic move underscores WISeKey's commitment to addressing the challenges of digital identity in modern society.
WISeKey International Holding Ltd (NASDAQ: WKEY) announced its FY 2022 revenue guidance, expecting a 10% increase to over $24.5 million from $22.3 million in 2021, despite divesting arago GmbH. The company reports strong demand in cybersecurity and IoT sectors, with a semiconductor backlog of $37 million and a $100 million opportunity pipeline. Projects like the WISeSat satellite and the WISe.ART NFT platform contribute to revenue growth, while the divestiture has reduced cash burn by 40%. WISeKey anticipates continued growth driven by IoT sales, projected at over 35% in 2023.
WISeKey has partnered with the Swiss Armed Forces to enhance space-related activities using WISeSAT/Fossa low-orbit picosatellites. This collaboration aims to bolster data security and communications via a constellation of small satellites. WISeKey has already launched 13 satellites and plans to deploy an additional 88 by the end of 2024. Their turnkey IoT connectivity-as-a-service will reduce communication costs and complexity for businesses. The technology features advanced security elements for robust data encryption and authentication.
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