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WISeKey International Holding AG American Depositary Shares - WKEY STOCK NEWS

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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.

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WISeKey International Holding Ltd. (NASDAQ: WKEY) announced that CEO Carlos Moreira was interviewed by Steve Bannon to discuss his bestselling book, The transHuman Code. The conversation focused on the balance between technological innovation and human values, emphasizing the importance of a human-centric approach to technology. Moreira noted that the global pandemic highlighted the need for collaboration in technology development, urging for actionable steps to ensure that technology enhances rather than undermines human existence.

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WISeKey International Holding Ltd. (NASDAQ: WKEY; SIX: WIHN) announced an Investor Day on December 13, 2021, at Nasdaq MarketSite. This hybrid event will facilitate both in-person and virtual attendance, with pre-registration required. Key topics include recent business developments, financial results, and a growth strategy for 2022. The agenda features management presentations, a product showcase, and a Q&A session. Additionally, one-on-one meetings and a cocktail reception will be held on December 14, followed by participation in the Imperial Capital Security Investor Conference on December 15.

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WISeKey has launched a White-Label Trusted NFT Marketplace platform, enhancing its NFT development business segment. This platform offers rapid deployment with an initial cost of $250,000, significantly lower than traditional platforms that can exceed millions in setup fees. The White-Label service includes continuous monitoring, cybersecurity, and identity management. Developers can customize the platform using various technologies like Polygon and Ethereum. This initiative aims to cater to the growing demand for secure and easy-to-use NFT marketplaces.

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WISeKey announced the launch of 'The Code to the Metaverse - Programming Our Future For Good' at an exclusive event on October 23, 2021, in Vatican City. Hosted by David Fergusson and Carlos Moreira, the event aims to foster discussions among leaders from diverse sectors on embedding human values in technological advancements. This initiative follows the successful dialogue initiated by their book, 'The transHuman Code.' The event, part of the Elite Global Leader’s Conference, emphasizes collaboration across finance, philanthropy, and technology for a sustainable future.

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WISeKey has announced advancements in its cybersecurity and identity management technology aimed at securing NFTs. The WISe.Art platform establishes an irreversible link between physical objects and authenticated digital assets, ensuring proof of ownership and smart contracts for future use. With a marketplace supported by a digital currency, WISeKey collaborates with Polygon to provide Trusted NFTs solutions. The platform includes robust KYC processes and implements WISeID for secure identity verification, further enhancing its offering in the NFT space.

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WISeKey reported preliminary 9-month results for 2021, showing a revenue increase of 34% to $15.4 million compared to the same period in 2020. The company's cash reserves stand at $33.7 million, highlighting a robust financial position. Major investments were made in R&D and new microchip designs. WISeKey's WISe.ART NFT platform is focused on the luxury and collectible markets, tapping into a growing NFT sector. Additionally, the company aims to expand its AI and IoT initiatives while ensuring cost management and strategic acquisitions for growth.

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WISeKey International Holding Ltd (SIX: WIHN) has announced the operational launch of the Trust Protocol Association aimed at creating a new Trust Protocol for the Internet. This initiative combines traditional cryptographic trust models with permissioned blockchain technology, enhancing security and authentication. WISeKey emphasizes decentralization, allowing users to manage trust without a third-party intermediary. Their innovative WISe.Art NFT platform supports multichain integration and facilitates the exchange of digital assets while ensuring security through its proprietary technologies.

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WISeKey International Holding announced the launch of NanoSealRT, a new NFC secure element that integrates NFT technology, enhancing IoT device authentication. This innovation allows physical objects to create NFTs and utilize WISeID digital identity, ensuring strong authentication and secure transactions. The technology addresses FAA Remote ID regulations for drones, ensuring compliance. Collaborations with Ocean Protocol for a TrustedNFT.io marketplace and Scaleswap for the IDO launch of WISe.Art underline its commitment to digital identity ecosystems.

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WISeKey International Holding Ltd (WKEY) announced a partnership with OISTE.ORG Foundation to enter the humanitarian NFT sector through the TrustedNFT.IO platform. This collaboration aims to promote humanitarian causes and is backed by OISTE's consultative status with the UN. The foundation supports global human rights and sustainable development initiatives. With this move, WISeKey expands its footprint in the blockchain and digital identity sectors, leveraging its expertise in cybersecurity and IoT.

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WISeKey International Holding Ltd (NASDAQ: WKEY) has joined over 50 organizations in signing the Multistakeholder Manifesto on Cybercrime, aiming to influence UN negotiations on a new cybercrime treaty. This initiative emphasizes human-centric equities and aims to ensure that the treaty does not undermine existing frameworks or the open internet. The manifesto advocates for transparency in negotiations, consensus-driven decision-making, and a focus on protecting victims of cybercrime. The UN's cybercrime treaty negotiations are set to begin in January 2022.

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FAQ

What is the current stock price of WISeKey International Holding American Depositary Shares (WKEY)?

The current stock price of WISeKey International Holding American Depositary Shares (WKEY) is $2.09 as of November 22, 2024.

What is the market cap of WISeKey International Holding American Depositary Shares (WKEY)?

The market cap of WISeKey International Holding American Depositary Shares (WKEY) is approximately 18.8M.

What does WISeKey International Holding AG do?

WISeKey specializes in cybersecurity, digital identity management, and IoT solutions, providing advanced security technologies for data protection and secure identification.

What are the main business segments of WISeKey?

WISeKey operates through SEALSQ Corp, WISeKey SA, WISeSat.Space, and WISe.ART, each focusing on specific aspects like semiconductors, PKI management, satellite communications, and secure NFT transactions.

What recent projects has WISeKey undertaken?

Recent projects include the development of quantum-ready semiconductors, satellite deployments, and enhanced NFT platforms through partnerships like the one with Hedera.

How does WISeKey contribute to digital security?

WISeKey provides secure authentication and identification solutions for IoT, Blockchain, and AI applications, ensuring the integrity of online transactions and secure communications.

What is the WISeKey Root of Trust?

The WISeKey Root of Trust is a cryptographic foundation that ensures secure online transactions and communications, trusted by browsers, mobile devices, and IoT devices globally.

What are some strategic initiatives by WISeKey?

Strategic initiatives include expanding semiconductor personalization centers, developing quantum-resistant technologies, and leveraging satellite technology for secure communications.

What role does WISeKey play in the IoT sector?

WISeKey secures digital identity ecosystems for IoT applications, deploying over 1.6 billion microchips to protect users, devices, data, and transactions in the internet-connected world.

Where can I find more information about WISeKey’s financial performance?

WISeKey's financial performance details can be found in their filed reports with the Securities and Exchange Commission (SEC) and on their official website under the Investor Relations section.

How is WISeKey advancing in the NFT space?

WISeKey’s NFT platform, WISe.ART, is enhancing its capabilities through strategic partnerships, providing secure blockchain-based transactions and fostering a growing community of artists.

What future growth opportunities does WISeKey foresee?

Future opportunities include expanding into new markets with Low Orbit satellite projects, developing innovative cybersecurity solutions, and capitalizing on the growing demand for secure IoT semiconductors.

WISeKey International Holding AG American Depositary Shares

Nasdaq:WKEY

WKEY Rankings

WKEY Stock Data

18.80M
9.79M
0.89%
0.15%
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