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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 (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.
WISeKey (NASDAQ: WKEY) and OISTE.ORG are set to participate in the 2024 Clinton Global Initiative (CGI), showcasing innovative technologies for providing secure digital identities to underserved communities worldwide. Building on their 2006 CGI commitment, the organizations will introduce WISe.ART, a philanthropy-driven digital art marketplace combining cybersecurity, digital identity, and blockchain expertise.
WISe.ART offers a secure platform for artists, buyers, and collectors, ensuring the provenance and authenticity of digital art. It serves as a fundraising tool for charities and foundations, leveraging blockchain and digital art to drive social change. Notable organizations like the Red Cross, UN, and Vatican are already recognizing its potential.
This initiative builds upon WISeKey and OISTE.ORG's previous efforts, including the WISEID.com Digital Identification Infrastructure launched in 2006. Their participation in CGI 2024 reaffirms their commitment to advancing digital inclusion and creating a more secure, connected world for all.
WISeKey's subsidiary WISe.Art has announced a major update to its tokenization project and a revamp of its digital art marketplace. The company is making significant investments in cutting-edge technology to improve the platform's user interface (UI) and user experience (UX). This initiative is part of WISe.Art's broader Web 3.0 strategy, which aims to revolutionize the monetization and authentication of digital art.
The revamped marketplace will focus on streamlining the user onboarding process and simplifying navigation for artists, collectors, and new users. WISe.Art's platform is designed to enhance transparency, security, authenticity, legal certainty, and fractional ownership in the art world. This move follows a strategic investment from The Hashgraph Association (THA) earlier this year, reinforcing WISe.Art's commitment to innovation in the digital art space.
WISeKey (NASDAQ: WKEY) is inviting companies to participate in a Proof of Concept (PoC) for its Transactional-IoT (t-IoT) technology, codenamed Project SEALCOIN. The PoC aims to demonstrate how SEALCOIN can enable autonomous communication and transactions between interconnected devices, eliminating intermediaries and enhancing efficiency in the IoT ecosystem.
Key features of SEALCOIN include:
- Secure Element hardware for protecting device identities
- Elliptic curve cryptography compatible with Hedera's DLT
- On-chain authentication and transaction signing
WISeKey's subsidiary WISe.ART is partnering with CryptoVerse Island to support the Maiti Nepal Foundation through an exclusive sale of NFT art. The initiative aims to raise funds for university scholarships for young women in Nepal. Artist Ylan Anoufa has donated NFTs to be sold on the WISe.ART platform, with each sale funding one full term of higher secondary education for a student.
The WISe.ART platform, which specializes in trusted blockchain NFTs, will participate in the Digital Art Day at the Carmen Bornemisza Thyssen Foundation in Malaga. Currently, Maiti Foundation sponsors 21 students for higher secondary degrees and has helped 43 students secure sponsorships for Bachelor's degrees in 2022. Additionally, seven students are pursuing higher diplomas in various technical fields.
WISeKey (NASDAQ: WKEY) participated in a key event at La Autoridad Portuaria de la Bahía de Algeciras (APBA) in Spain, showcasing digital transformation initiatives in the Campo de Gibraltar region. The event highlighted three major projects: the RETECH Program, the future Industry 4.0 Hub, and the WISeSmartContainers project. WISeKey CEO Carlos Moreira presented progress on the Fourth Industrial Revolution Center project, including satellite launches, antenna installation, and a cooperation agreement with the Port of Algeciras. The company also announced a planned satellite launch with SpaceX in November to advance the project's goals. Additionally, WISeKey provided updates on its WISeSmartContainers platform, which has expanded to the Port of Algeciras following a strategic agreement signed in December last year.
WISeKey International Holding (SIX: WIHN, NASDAQ: WKEY) has announced that Bernardino Abad Grupo Logístico is becoming the primary reference for the WISeContainer platform and sensors. The logistics company is equipping its entire fleet of 40 and 45-foot containers with advanced IoT sensors to enhance security and provide real-time tracking. This initiative, presented at the APBA Travesía de la Innovación event, aims to set new standards in the logistics industry by improving operational efficiency and cargo security.
The implementation of WISeContainer technology offers numerous benefits, including improved asset management, reduced risk of loss or theft, and enhanced customer satisfaction through increased supply chain transparency. The system also provides valuable data for optimizing port operations and reducing congestion, contributing to a more efficient logistics ecosystem.
WISeKey (NASDAQ: WKEY) has announced a significant Proof of Concept agreement between its subsidiary WISeSAT and Tránsitos y Transportes Logísticos S.L. for the WISeTruck project. This collaboration aims to equip Transportes Logísticos' entire fleet with WISeContainer IoT sensors, enhancing vehicle and driver tracking capabilities.
The implementation of WISeTruck technology offers multiple benefits, including:
- Optimized traceability and real-time monitoring
- Improved goods quality assurance during transport
- Enhanced safety through driver behavior monitoring
- Increased security against vandalism and theft
This partnership demonstrates Transportes Logísticos' commitment to innovation and superior customer service in the transportation industry.
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