WISeKey International Holding AG American Depositary Shares - WKEY STOCK NEWS

WISeKey International Holding has established a strategic partnership with Universa Blockchain to advance the La Linea, Gibraltar 4th Industrial Revolution Center of Excellence. This collaboration focuses on key areas such as Advanced Air Mobility, energy, Central Bank Digital Currency, non-fungible tokens, and metaverses, which Morgan Stanley estimates could reach an $8 trillion market. The center aims to promote innovative start-ups and facilitate collective R&D in fields like AI, blockchain, and IoT, while also leveraging the recent launch of WISeSAT satellites.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announced the successful launch of its WISeSat.Space satellites with SpaceX, which are now operational and communicating effectively in extreme conditions. The company will mint its first NFT, utilizing its patented method for 'Persistent and Authenticatable NFTs', in mid-February. This method enhances the long-term value and authenticity of NFTs, aimed at securing IoT networks. WISeKey's IoT ecosystem includes over 1.6 billion microchips, positioning it at the forefront of IoT technology.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced the successful launch of its first IoT picosatellites, WISeSat-1 and WISeSat-2, on January 13 aboard SpaceX's Transporter 3 mission. This launch kicks off WISeSAT, a new service offering secure IoT connectivity through satellite technology. WISeKey aims to provide a cost-effective solution for IoT ecosystems requiring extensive data coverage. The initial project targets smart agriculture in collaboration with EPRINSA, involving six Spanish provinces. The satellites incorporate high-level security features, enhancing the appeal of WISeKey's service offerings.

WISeKey International Holding will launch the first NFT from space on January 13, 2022, via SpaceX's Transporter 3 mission. The NFT, captured by the WISeSat satellite station in South Spain, will be minted on the WISe.ART NFT Marketplace. This initiative will connect IoT devices to satellites for NFT authentication, ensuring secure, real-time communication. WISeKey has invested in FOSSA Systems to enhance satellite integration, offering IoT solutions through a SaaS model. The patented minting method will ensure long-term NFT value through authenticability and persistence.

WISeKey International Holding Ltd plans to invest up to $10 million over the next two years for Bitcoin mining from its Swiss facilities, including a secure military bunker. The initiative aims to enhance cybersecurity technologies to protect against illicit cryptocurrency mining activities. Operations will be conducted through TrusteCoin AG, a Special Purpose Vehicle established in Zoug. The company intends to install over 1,000 bitcoin mining machines, tackling the growing issue of cryptojacking while simplifying the mining process for clients.

WISeKey Holding Ltd. has reported key business milestones for 2021, including a projected revenue of $20 million, a 32% year-over-year increase, despite COVID-related supply issues. The company aims to leverage a cash position of $33 million for strategic investments and growth in the IoT and AI sectors. Notably, WISeKey has secured a $33.4 million backlog in IoT orders and has acquired arago to enhance its AI capabilities. The launch of its NFT platform, WISe.Art, positions the company for future revenue growth. Additionally, a share buyback program has been reactivated to enhance stockholder value.

WISeKey supports the EU's new Data and Cloud Alliance, promoting digital sovereignty to reduce reliance on foreign tech. The company operates the WISeID Cloud Storage service in Switzerland and the EU, enhancing security for confidential data. This initiative aligns with the EU's strategy to establish a native cloud ecosystem amid increasing competition from US providers. WISeKey leverages its digital identity technologies to offer users secure access to online services, responding to the growing demand for cloud solutions heightened by the COVID-19 pandemic.

WISeKey, in collaboration with FOSSA Systems, has successfully installed the first WISeSATS satellite ground station in La Línea de la Concepción, marking a significant step in the development of the LLG 4IR Center of Excellence. This autonomous station will facilitate the control and communication of IoT satellites, enhancing technological capabilities and contributing to regional digital transformation. The installation supports the deployment of the WISeSat constellation, aimed at providing secure IoT connectivity globally.

WISeKey has expanded its WISe.ART NFT Marketplace by introducing new artists, enhancing its digital art collection. With support from Ethereum, Polygon, and CasperLabs, the platform aims to ensure interoperability and minimize gas fees for users. WISe.ART is developing a fully-fledged marketplace, complete with its own digital currency and capabilities for curators. The platform incorporates patented technology for persistent and authenticatable NFTs, which includes smart contracts for ownership and royalties. This initiative supports artists and positions WISeKey at the forefront of the Web3.0 revolution.