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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) 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.
WISeKey International Holding Ltd (NASDAQ: WKEY) announced key business developments during its Investor Day on December 13, 2021. In a letter to shareholders, CEO Carlos Moreira highlighted a 34% revenue increase for the first nine months of 2021, totaling $15.4 million, exceeding 2020's total. Anticipating full-year revenues of approximately $20 million, demand remains strong despite semiconductor supply issues. WISeKey emphasizes its focus on IoT, AI, and NFT sectors, foreseeing significant growth potential with a backlog of $33.4 million in orders and new revenue streams expected in 2022.
WISeKey International Holding Ltd and CasperLabs will showcase advancements in blockchain identity and the WISe.ART NFT Marketplace during WISeKey's Investor Day on December 13 at the NASDAQ Market Site in NYC.
This collaboration aims to enhance security in the NFT marketplace through the Casper Network. The event will also introduce a Trust Protocol featuring digital twins for artworks and collectibles. The hybrid format allows for both in-person and virtual attendance.
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