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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 announces collaboration with Polygon to launch the WISe.ART NFT platform in September 2021. This partnership aims to provide Trusted NFTs solutions, capitalizing on Polygon's ability to offer low transaction fees and a sustainable Proof-of-Stake consensus mechanism. WISe.ART will facilitate trading NFTs using WISeKey's TrustECoin cryptocurrency, ensuring user anonymity while adhering to KYC processes. The platform was preceded by market tests of high-value NFTs and is secured using WISeKey's authentication technologies.
WISeKey International Holding (NASDAQ: WKEY) announced its collaboration with GDGC Enterprises to auction a Kobe Bryant autographed Black Mamba NFT package on its WISe.Art platform. This auction, starting at $1,008,240, features a limited edition 18K rose gold Black Mamba watch, a signed sneaker, and custom digital artwork. The auction will go live on September 20, 2021. WISe.Art aims to provide a secure marketplace for luxury NFTs, ensuring proof of ownership and sustainability compliance. The platform is set to launch on September 1, 2021, following successful test auctions.
WISeKey announced the commercial launch of its WISe.Art NFT platform for high-value luxury items and collectibles, set for September 1, 2021. This follows successful test auctions of NFTs starting in April 2021, including significant pieces like the Hublot Bigger Bang watch. The platform incorporates features like provenance, proof of ownership, and smart contracts aimed at enhancing monetization streams for buyers and creators. Partnerships with CasperLabs and Ocean Protocol support its multichain strategy, while Green NFT ensures carbon neutrality.
WISeKey International Holding reported a 24% revenue increase in H1 2021, totaling $9.9 million. The company is on track to achieve $22 million in revenue for full-year 2021, a 45% increase year-over-year. Successful acquisition of arago GmbH strengthens AI and IoT capabilities, with total investment reaching $9.8 million. Cash reserves increased to $38.5 million as of June 30, 2021. The firm anticipates a strong $250 million revenue pipeline for 2022-2027, driven by advancements in cybersecurity and IoT technologies.
WISeKey announced discussions with vaccine manufacturers to utilize their NFC VaultIC Chips for protecting vaccine vials. These tamper-resistant microprocessors enhance the validation, authentication, and tracking of vaccine shipments, allowing end-users to verify vial origins. The VaultIC Chips support various cryptographic functions and NIST-compliant algorithms. With the rise in counterfeit drugs, estimated to cause over a million deaths annually, WISeKey's technology aims to enhance drug safety and security, leveraging Apple's support for NFC technology.
WISeKey International Holding has partnered with Menthol Protocol to enhance its WISe.Art NFT platform by making it climate-positive. The collaboration focuses on utilizing renewable energy for decentralized app (dApp) transactions and aims to link NFTs with actual collectibles to create genuine value. A portion of NFT transaction revenues will support sustainability projects. This initiative addresses the growing concern regarding the crypto sector's energy consumption and aims to foster a sustainability-focused ecosystem.
WISeKey has announced its CapSeal NFC smart tag, integrating opening detection technology to create digital twins for exclusive wines and liquors, essential for minting NFTs. This innovation enhances the authentication and value of NFT auctions, attracting interest from brands like Yao Family Wines. The tags comply with NFC Data Exchange Format standards, enabling secure authentication and marketing via smartphones. With Apple's support for NFC tags, these solutions now reach a broader customer base, driving growth in the NFT market which has surged in 2021.
WISeKey announced enhancements to its WISeID platform, emphasizing a Zero Trust approach to secure mobile communications and mitigate cybersecurity risks, particularly from Pegasus malware that targets iPhones and Android devices. Following the COVID-19 pandemic, organizations are increasingly adopting remote work practices, necessitating stronger cybersecurity measures. WISeKey's solutions include digital certificates for secure email and strong authentication, available for both free and subscription-based access. The company aims to support a secure digital ecosystem amidst evolving cybersecurity challenges.
WISeKey reported a surge in its U.S. semiconductor revenue, generating approximately $4.5 million in H1 2021, a 5% increase from H1 2020. The company expects total revenues of about $9.5 million for FY 2021, driven by demand in the IoT sector amid semiconductor shortages. With $35.9 million in cash reserves, WISeKey is well-positioned for growth in this strategic market, focusing on IoT security and partnerships with leading U.S. providers. The IoT market is anticipated to expand significantly, requiring more semiconductor technology.
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