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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 and its subsidiary SEALSQ unveiled a new phase in e-voting technology, integrating post-quantum cryptography and artificial intelligence to enhance digital voting security. The system combines several key technologies including post-quantum cryptography through SEALSQ's chips for quantum attack resistance, blockchain-enabled transparency for decentralized verification, and AI-powered threat detection for real-time security monitoring. Additional features include advanced biometric voter authentication, adaptive encryption, predictive analytics, and automated vote integrity verification. The solution aims to provide governments and institutions with secure, transparent, and efficient electoral processes.
WISeKey (NASDAQ: WKEY) has launched an enhanced version of its INeS AI Security Broker solution, integrating Artificial Intelligence with Public Key Infrastructure technologies. The solution manages IoT devices and business applications with end-to-end protection, featuring seamless integration with IoT platforms, AI-powered insights for pattern recognition, and proactive threat management. The system streamlines digital certificate management while reducing security risks and operational failures. Key features include automatic pattern recognition from sensor data, anomaly detection, and predictive analytics for vulnerability identification.
WISeKey has signed Convertible Notes Subscription Agreements worth up to $30 million with institutional investors. The company will initially issue convertible notes of $2.5 million, with rights to request additional tranches of $1.25 million per investor. The notes have a 12-month maturity and are convertible into WISeKey Class B Shares at the lower of a fixed price or 94% of the lowest 10-day VWAP. The funding will support the company's cybersecurity business, WISeSat.Space's low-orbit satellite constellation project, SEALSQ's post-quantum semiconductors launch in 2025, and SEALCOIN's development with a second Proof of Concept planned for January 2025.
WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) announced that the OISTE Foundation, in collaboration with WISeKey, is the Gold Sponsor of the Vargas Llosa Chair's IV Annual Conference titled 'A Gathering for Culture in Freedom'. This partnership reaffirms their commitment to defending human rights in the digital environment.
The OISTE Foundation, established in 1998, focuses on ensuring human rights are respected both online and offline. It shares common values with the Vargas Llosa Chair in promoting freedom of expression and democratic principles. OISTE led a workshop on 'Matching the Speed of the Running Code: Public Awareness and Digital Identity Management' to raise awareness about online privacy risks and digital identity management.
WISeKey, as a global leader in cybersecurity and digital identity, supports OISTE's mission to promote secure electronic communications and protect individual privacy rights online.
WISeKey's subsidiary WISeSat is set to conduct its second Proof of Concept (PoC) for SEALCOIN in January 2025, coinciding with the launch of a new generation of WISeSat satellites. This PoC will demonstrate SEALCOIN's ability to facilitate decentralized transactions in the Internet of Things (IoT) ecosystem by transacting tokens via satellites to IoT devices.
The new satellites will feature enhanced capabilities to support machine-to-machine (M2M) transactions from space. This follows a successful first PoC in August, which validated M2M transactions within a terrestrial framework. The SEALCOIN platform uses Decentralized Ledger Technology (DLT) to ensure secure, transparent, and tamper-proof exchanges, aiming to create a scalable Transactional IoT (t-IoT) infrastructure.
WISeKey has announced the upcoming launch of its enhanced WISePhone.CH 2025 Edition, set for release in Q2 2025. This new version builds upon the original 2017 model, which was the first secure blockchain phone for enterprise-grade protection of digital communications. The 2025 Edition promises significant advancements in security and performance, featuring:
- A comprehensive suite of new features to protect individual and IoT device data using blockchain technology
- Advanced encryption and secure storage for superior privacy and security
- Pre-loaded WISeKey security solutions, including WISeID and WISeTalk
- Integration with SEALCOIN, WISeKey's proprietary cryptocurrency and blockchain platform
- An integrated crypto wallet and Hardware Security Module (HSM)
- Support for SuisseID Digital Identity for qualified cloud-based digital signatures
- WISeID feature for securing digital assets and personal data in an encrypted enclave
- WISeAccess multi-factor authentication system
WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) has announced plans to initiate an awareness campaign for a major semiconductor fabrication facility (fab) project in Switzerland. The project aims to enhance Switzerland's self-reliance in chip production and position it as an emerging semiconductor hub. Key points:
1. The project will start with a mini fab and gradually expand over 10 years.
2. Initial investment for a mini fab ranges from $100 million to $1.5 billion.
3. The fab will reduce Switzerland's dependence on semiconductor imports.
4. It will create jobs, attract investments, and foster innovation in the technology sector.
5. WISeKey, through its subsidiary SEALSQ Corp (Nasdaq: LAES), offers expertise in semiconductors and post-quantum technology.
The project aims to strengthen Switzerland's technological sovereignty, contribute to economic growth, and enhance global supply chain resilience in the semiconductor industry.
WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) has announced its unaudited financial results for H1 2024 and updates on strategic business initiatives. Key highlights include:
- Revenue of $5.2 million for H1 2024
- Cash balance of $26.3 million as of June 30, 2024
- $2.9 million invested in R&D for new projects and technologies
The company is focusing on post-quantum computing, satellite communications, and secure IoT transactions. WISeKey anticipates improved performance in H2 2024, with a strong pipeline of opportunities valued at over $71 million. Strategic initiatives include expanding semiconductor production, launching new satellites, and developing SEALCOIN for machine-to-machine transactions.
SEALCOIN AG, a subsidiary of WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY), has announced the final timeline for its SEALCOIN project. Key milestones include:
- Successful Proof of Concept on July 25, 2024
- $2 million pre-seed investment raised in mid-2024
- Upcoming FINMA application submission
- Platform development launched in Q3 2024
- Expected platform production release and token issuance in mid-2025
- Targeted digital exchange listing by Q3 2025
The highly anticipated whitepaper will be released in October 2024, detailing the platform's technical architecture, governance model, and tokenomics. A Beta Version of the SEALCOIN Platform and Token will be released on Hedera's TestNet in Q1 2025 as an MVP, with full production release set for Summer 2025.
WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) announced OISTE.org's participation in the Summit of the Future at the UN Headquarters in New York. OISTE, with special consultative status at ECOSOC, engaged in discussions on digital identity and human rights in the digital age. The summit adopted the 'Pact for the Future', aiming to reshape multilateral governance and address global challenges.
OISTE emphasized the need for a decentralized approach to AI, advocating for systems that align with local legislations and prioritize individual freedoms. The foundation highlighted concerns about AI control concentration among tech giants and stressed the importance of diverse AI systems respecting national laws and future international norms.
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