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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) has announced a collaboration with ProArte y Cultura and SEGRE SUBASTAS to conduct a charity NFT sale aimed at supporting orphaned children from Ukraine. This initiative will run from April 15 to 30 on the WISeKey NFT platform. Featured artists include Pedro Sandoval and Amanda Weasy. The goal is to financially assist humanitarian organizations focused on children. NFTs will be minted with ownership documents, ensuring authenticity. Proceeds will directly benefit OISTE, a Geneva-based non-profit organization.
WISeKey reported a 51% revenue growth in FY 2021, totaling $22.3 million, up from $14.8 million in FY 2020. The gross profit margin also saw an increase, rising to 41% from 37%. The company's cash and cash equivalents, along with restricted cash, surged to $34.4 million from $21.8 million year-over-year. Carlos Moreira, CEO, noted strong demand for their products, particularly AI offerings from the acquired arago GmbH. Despite the revenue growth, the operating loss expanded to $26.7 million compared to $18.5 million in the previous year, highlighting ongoing challenges.
WISeKey International Holding, a Swiss cybersecurity company, has established WISeKey Gibraltar Ltd, a wholly owned subsidiary in Gibraltar. This move aims to support Phase II of the GLL4iR.COM project, which focuses on localizing technology using Gibraltar's data center fortress. The initiative includes launching a secure gateway to the metaverse and fostering a collaborative 4th Industrial Revolution Center of Excellence. The project will assist start-ups in fields like AI and IoT while promoting innovation and ensuring that technological standards are securely integrated.
WISeKey International Holding Ltd (NASDAQ: WKEY) is assisting governments in adapting to the Metaverse, addressing sovereignty challenges arising from global data storage and operations. The company has established a Memorandum of Understanding with Seychelles for a Digital Identity platform, collaborating on national initiatives like eGovernment. WISeKey aims to provide secure digital identities, enhancing citizen interaction in the Metaverse, which promises new opportunities in employment, education, and healthcare.
WISeKey International Holding Ltd (NASDAQ: WKEY) has announced its support for luxury brands looking to tokenize their watches as NFTs on the blockchain. This innovative approach allows brands to create unique digital identities for their luxury watches, appealing to millennial consumers who prefer digital ownership. According to Morgan Stanley, the luxury virtual goods market is expected to reach $50 billion by 2030. WISeKey currently protects over 2.5 million luxury watches through its dual factor authentication and blockchain technology, enhancing security and authenticity in the luxury market.
WISeKey International Holding has launched the first-ever Flamenco NFT in collaboration with renowned dancer David Morales, showcased on the WISe.ART NFT Marketplace. This innovative platform supports creators by allowing gas-free transactions through Polygon and CasperLabs blockchains. Morales, a prominent figure in Flamenco, has a career spanning over 40 years, performing globally and integrating digital art into his work. The marketplace aims to enhance the NFT ecosystem by offering a secure space for transactions and unique digital assets.
WISeKey has filed a patent application for a "System and Method for Providing Persistent Authenticatable NFT" with the USPTO, designated as US 17/514,296. This application aims to ensure the provenance and long-term value of NFTs, addressing concerns about authenticity and data degradation over time. CEO Carlos Moreira emphasized the significance of this patent for both the company and the NFT ecosystem. Additionally, WISeKey has launched the WISe.ART 2.1 NFT Marketplace, enhancing the platform for secure NFT transactions and participating in the upcoming Crypto Art Island event in Gibraltar.
WISeKey International Holding Ltd (Nasdaq: WKEY) is renewing and expanding its partnership with Identiv (Nasdaq: INVE) to supply over $1 million in smart card reader chips in 2022. The collaboration focuses on contact, contactless, and dual-interface smart card readers, targeting sectors such as healthcare and government. The smart card market is projected to grow from $13.9 billion in 2021 to $16.9 billion by 2026. WISeKey's advanced chip technology strengthens security and access management, meeting rising demands in digital identity verification.
WISeKey International Holding is set to participate in the Maxim Group Virtual Growth Conference on March 29, 2022, at 9:00 AM ET. CEO Carlos Moreira will engage in a fireside chat discussing the company's innovative methods for securing asset authenticity through advanced authentication processes and identity blockchain technology. This approach simplifies asset commercialization by converting them into NFTs, ensuring each NFT represents a unique digital item on the blockchain. For investor queries, one-on-one virtual meetings can be scheduled via email.
WISeKey and Turing Cryptography have launched joint sales operations for TuringSign SSL/TLS services in the Asia-Pacific region, leveraging WISeKey’s Root of Trust. The partnership aims to generate revenue and expand offerings, including innovative cryptographic solutions and AI-powered security. Initial operations have commenced in Korea, with plans to extend to Singapore, Hong Kong, and Taiwan. The collaboration already reports customer acceptance and revenue generation, indicating a promising market response.
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