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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 on September 24, 2021, the amendment of its $44 million Convertible Notes Subscription Agreements with institutional investors, granting early access to up to $22 million for its NFT platform, WISe.Art, and TrusteCoin token development. The amendment allows for four Accelerated Tranches ranging from $2 million to $5.5 million each. This funding aims to capitalize on the rising demand for trusted NFT solutions, with NFTs market soaring to $2.5 billion in 2021. CEO Carlos Moreira highlighted this as a strategic move to secure a competitive market share in the growing NFT space.

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WISeKey International Holding Ltd (NASDAQ: WKEY) has officially launched the Kobe Bryant Autographed Black Mamba Package on its WISe.Art luxury NFT marketplace. The auction will run from September 20 to 28, 2021, featuring only three exclusive rose gold Black Mamba watches. The package includes a limited edition 1/3 18K Rose Gold Tourbillion watch, a signed sneaker, and a custom digital artwork, starting at $1,008,240. This collaboration with GDGC Enterprises aims to tokenize luxury assets while enhancing provenance verification.

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WISeKey has signed Memorandums of Understanding (MoUs) with the governments of La Línea and Gibraltar to establish a joint 4th Industrial Revolution (4IR) Center of Excellence. This initiative aims to foster innovation, focusing on emerging technologies such as AI, Blockchain, IoT, and Cybersecurity. The center will launch with WISeSAT Fossa Systems satellites, facilitating R&D and technological advancements. Both local leaders emphasize the project's potential to uplift regional skills and accelerate digital transformation, linking it with WISeKey’s global operations.

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WISeKey has appointed Andreas Kindt, former CTO and Board Member of T-Online International AG, to its Advisory Committee. His role will focus on advancing the WISe.Art NFT platform. This platform combines cybersecurity with its own digital currency and operates under a multichain strategy in partnership with Polygon, CasperLabs, and Ocean Protocol. With over 30 years in the ICT sector, Kindt aims to enhance technology deployment and drive transformation in digital assets, including improving ownership proof and trading anonymity.

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WISeKey International Holding Ltd (NASDAQ: WKEY) has appointed Sixtine Crutchfield as NFT Art Director to spearhead the artistic growth of its WISe.ART MarketPlace. This follows the commercial launch of the platform on September 1, 2021, aimed at the luxury collectible market. The platform features unique NFT designs linked to physical objects, ensuring ownership verification and provenance through WISeKey’s security technologies. Crutchfield brings extensive experience from art galleries and banking, enhancing the platform's market strategy.

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WISeKey International Holding Ltd (NASDAQ: WKEY) announced a collaboration with GDGC Enterprises to host a webinar on September 20, 2021, discussing the auction of an exclusive Kobe Bryant Autographed Black Mamba Package via the WISeArt Trusted Marketplace. The auction features a limited edition 18K Rose Gold Black Mamba Tourbillion watch, signed sneaker, and custom digital artwork, starting at $1,008,240. The webinar will explore the asset tokenization process and establish provenance on the blockchain, as well as discuss the benefits of the WISe.Art platform for luxury NFTs.

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WISeKey has partnered with Polygon and GDGC Enterprises to auction a unique NFT package featuring Kobe Bryant's autographed Black Mamba items on the WISe.Art platform. The auction will start on September 20, 2021, with a minimum bid of $1,008,240. This NFT package includes a limited edition Rose Gold Tourbillion watch, a signed sneaker, and custom digital artwork. This collaboration aims to leverage Polygon's low transaction fees and sustainable technology, enhancing customer experience in the luxury NFT market.

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WISeKey International Holding (NASDAQ: WKEY) announced its participation in the 23rd Annual H.C. Wainwright Global Investment Conference from September 13-15, 2021. CEO Carlos Moreira will present virtually on September 13, starting at 7:00 a.m. ET. The company will also hold one-on-one meetings with investors. Registration for the conference is open, and a webcast of the presentation will be available online. WISeKey operates in cybersecurity and IoT, boasting over 1.6 billion microchips deployed across various sectors.

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WISeKey International Holding has announced a new feature for its WISe.ART platform, allowing in-App purchases of Non-Fungible Tokens (NFTs). This update follows Apple's new strategy to simplify access for app developers to external content stores. The platform aims to enhance secure NFT sales and proof of ownership through advanced security features like digital signatures. WISeKey collaborates with CasperLabs and Ocean Protocol to strengthen its multichain strategy and support the launch of the TrustECoin token.

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WISeKey and FOSSA Systems introduced WISeSat at the International Cybersecurity Forum (FIC) 2021, enhancing IoT connectivity through secure, cost-effective satellite technology. The picosatellite aims to support large-scale IoT deployments across sectors like agrotech, energy, and logistics. The first two WISeSats will launch on a SpaceX Falcon 9 in late 2021 or early 2022, providing a SaaS model for secure communications. The collaboration also includes developing secure sensors and gateways integrated with VaultIC® for enhanced data security.

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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 $9.9 as of December 24, 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 96.9M.

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

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