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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 International Holding Ltd. (NASDAQ: WKEY) recently held the Starlite Gala dinner auction in Marbella, raising a total of USD 500,000 through the sale of limited edition NFTs and physical artworks. The sales included pieces by renowned artist Pedro Sandoval, with notable NFT sales of "La Madonna el niño y el mini yoda" for USD 100,000 and "El Hijo de Matias" for USD 60,000. Proceeds support the Starlite Foundation and the Lágrimas y Favores Foundation, founded by actor Antonio Banderas.
WISeKey International Holding Ltd (NASDAQ: WKEY) announces the auction of an NFT featuring actor Antonio Banderas at the Starlite Porcelanosa Gala on August 14, 2022, in Marbella, Spain. The NFT, created by artist Pedro Sandoval, aims to raise funds for the Starlite Foundation and the Lágrimas y Favores Foundation. The event will be broadcast live in Times Square, NYC. Proceeds will support charitable projects, with the gala having raised over 3 million euros over 12 years. This initiative emphasizes WISeKey's position in the NFT market and commitment to social causes.
WISeKey International Holding Ltd (NASDAQ: WKEY; SIX: WIHN) has made significant advancements in implementing post-quantum algorithms for its Secure Semiconductors MS6001/MS6003. Collaborating with MINES Saint-Etienne, WISeKey aims to develop cryptographic solutions resistant to quantum computing threats. The team is evaluating NIST's candidates, Crystals-Kyber and Crystals-Dilithium, augmenting existing algorithms like NTRU and ROLLO. By 2025, the company plans to offer a complete post-quantum cryptography toolbox, enhancing its PKI solutions and securing IoT devices against future cyber threats.
WISeKey International Holding has advanced its technology portfolio in cybersecurity, IoT, NFT, and the Metaverse as of August 4, 2022. The firm introduced the WISe.ART platform, enabling secure NFTs and attracting nearly 100 artists with a potential sales value of $20 million. Additionally, WISeSat offers secure satellite IoT connectivity, further expanding the IoT constellation. The new NanoSealRT semiconductor chip enhances product traceability. WISeKey also focuses on post-quantum solutions, and has joined the NCCoE project for trusted IoT onboarding.
WISeKey International Holding has appointed Nicolas Ramseier to its Advisory Committee to enhance market penetration for the WISe.ART NFT platform and other FinTech initiatives. Ramseier, with a strong background in banking and sustainability, will leverage his expertise in smart contracts and blockchain technology to guide the company’s efforts. His extensive network and technical knowledge are expected to drive growth in these sectors, solidifying WISeKey's position in the evolving landscape of cybersecurity, IoT, and decentralized finance.
WISeKey International Holding has launched the WISe.ART Metaverse NFT Factory, a unique platform for creating and trading NFTs. This initiative aims to assist entrepreneurs, artists, and investors in developing NFT strategies, leveraging WISeKey's blockchain capabilities. The factory offers smart contracts to enhance monetization opportunities for creators and ensure high-quality NFTs via a skilled marketing team. Additionally, WISeID provides secure identity services, supporting robust authentication methods for accessing the platform.
WISeKey International Holding Ltd (NASDAQ: WKEY) has announced the creation of an NFT for Picasso's cubist art piece, "The Magic Violin." The NFT will be provided as a phygital package, which includes the original artwork and a holographic version displayed in two museums simultaneously. The initiative aims to enhance the NFT marketplace capabilities of WISe.ART 2.1, ensuring secure transactions between art collectors and artists. The platform utilizes patented technology to establish proof of ownership and monetize artworks effectively.
WISeKey announced its preliminary results for H1 2022, reporting revenues of $13 million, a rise of over 25% compared to H1 2021. Notably, semiconductor revenue surged 48% to $10.7 million. For FY 2022, the company anticipates total revenue between $21 million and $23 million, bolstered by current purchase orders worth $38.5 million and a $75 million opportunity pipeline. The firm also divested arago GmbH to refocus on its core IoT and cybersecurity business. Cash reserves stand at $23 million, enhancing its ability to invest in R&D and IoT markets.
WISeKey International Holding has been selected by NIST to collaborate on the NCCoE Trusted IoT Device Network-Layer Onboarding project. This initiative aims to define best practices for IoT device onboarding, enhancing secure credential management.
WISeKey's contributions will include Trust Services for credentials and secure semiconductors, crucial for maintaining IoT device security. Other collaborators include industry giants like Cisco and Hewlett Packard Enterprise. The partnership underscores WISeKey’s commitment to advancing IoT security.
WISeKey International Holding Ltd. (WKEY) has completed its Class B share buyback program initiated on July 9, 2019. The company repurchased a total of 1,074,305 shares for CHF 1,471,609 at an average price of CHF 1.37 per share. The buyback aimed to support potential M&A transactions, employee share incentives, convertible loans, and available equity lines. The total allowed repurchase was 3,682,848 shares. This program reflects WISeKey's strategy to enhance shareholder value while ensuring financial flexibility.
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