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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 will showcase its VaultIC semiconductors at the Mobile World Congress (February 28 - March 3, 2022), promoting the European Chips Act. These semiconductors provide digital security and cryptographic functions essential for IoT devices. WISeKey will also generate the first NFT from space during the event, enabled by its WISeSat satellite constellation. This breakthrough allows secure IoT device authentication, optimizing productivity across various industries.
WISeKey has partnered with Madrid-based auction house Duran Subastas to mint a unique NFT of Pedro Sandoval's artwork titled Mona Lisa, Marilyn with Cheetas. The auction is scheduled for February 23, 2022, at 5 pm in Madrid, with registrations open until February 22. The NFT will be inscribed on the blockchain, ensuring authenticity. This collaboration marks a significant move by WISeKey to expand its WISe.ART platform, enhancing its NFT inventory including conventional and digital art.
WISeKey International Holding (NASDAQ: WKEY) has announced advancements in their semiconductor technology, enabling secure authentication and verification for IoT devices. The company reported a substantial backlog of $39 million in purchase orders as of 2021, with an average of $1.3 million in new orders weekly. Their unique WISeID Digital Identity enhances object tracking and data verification, addressing regulatory requirements like the FAA’s Remote ID. The firm aims to convert this backlog into revenue in 2022 despite ongoing semiconductor shortages.
WISeKey International Holding Ltd. (NASDAQ: WKEY) has partnered with Crypto Art Island to host Europe’s first NFT art fair from April 29 to May 4, 2022, in Gibraltar. The event will feature pioneering NFT art and will be held at Xapo Bank, showcasing notable crypto artists like Javier Arrés and Gala Mirissa. WISe.ART, an entrusted NFT platform, will facilitate auctions of digital art, leveraging WISeKey's advanced security technologies. This collaboration positions WISeKey at the forefront of the NFT movement, promoting a hybrid physical and digital art experience.
WISeKey supports the European Chips Act, enhancing EU chip production and reducing reliance on non-EU sources. The company, a top-20 EU semiconductor firm, manufactures security chips vital for privacy and data sovereignty, notably in drones and satellite communications. Europe's aim to increase its semiconductor market share from 10% to 20% by 2030 is backed by significant investments. Despite a global semiconductor shortage affecting industries, WISeKey is actively negotiating with suppliers and diversifying sourcing to maintain service quality.
WISeKey International Holding Ltd. (NASDAQ: WKEY) launched its latest NFT exhibition featuring artist Pedro Sandoval in Times Square, marking the official USA roadshow of the WISe.ART Marketplace. The exhibition highlights the use of blockchain technology to authenticate digital assets and manage sales. Notable artworks include Sandoval's 'Mr. Bitcoin' and a gold 'monna lisa,' expected to auction with eight-figure starting prices. WISeKey also filed a new patent for enhanced NFT authenticity and announced that its platform allows brands to securely auction and display high-value NFTs.
WISeKey announced the launch of its new NFT service, TrustedNFT.IO, for luxury high-end and vintage watches. This service aims to enhance the authenticity and provenance of watches by utilizing patented technology, combining authentication microprocessors with blockchain. WISeKey protects over 2.5 million luxury watches and facilitates the creation of digital twins for each timepiece. The NFT technology includes a Watch Birth Certificate that serves as a digital identity for watches, adding significant value to collectors and brands.
WISeKey International Holding Ltd announced preliminary results for 2021, reporting revenues of $22.2 million, a 50% increase from 2020. The company achieved this growth despite COVID-19 challenges, surpassing revenue guidance by 10%. WISeKey holds a record backlog of $39 million for IoT products, reflecting an average of $1.3 million in new orders weekly. The company plans significant R&D investments for new secure products in 2022, aiming to expand its customer base further. Their cash position is strong at $34.4 million.
WISeKey International Holding announced the launch of WISe.ART NFT Marketplace version 2.0 during the Blockchain Conference in New York. This new version features trusted NFTs from various new artists and supports cross-blockchain compatibility with Ethereum, Polygon, and CasperLabs, enhancing scalability and reducing gas fees. The platform emphasizes user control over digital identities associated with NFTs and establishes verified links between digital assets and physical objects. This initiative aims to position WISeKey at the forefront of the Web3.0 revolution.
WISeKey International Holding, trading under WKEY, has partnered with REPX to enhance its applications for sports fans. This collaboration introduces a prepaid credit card system for sports fans, engaging nearly half a billion potential users. REPX has secured partnerships with 15 notable football clubs, including Real Madrid and ACMilan, and plans to list on the London Stock Exchange shortly. WISeKey’s secure identity platform, WISeID, will bolster digital identity verification and KYC solutions in this venture, aiming to revolutionize fan engagement in the fintech space.
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