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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 has announced a $5 million placement of its TrusteCoin NFT token with iconomy, marking the first phase of TrusteCoin's pre-sale. This initiative aims to establish TrusteCoin as a key player in the DeFi space, facilitating income opportunities for art and luxury goods communities. The TrusteCoin will serve as a payment method on the WISe.ART platform, enhancing KYC processes while maintaining anonymity. The platform will leverage Ethereum for liquidity and advanced technologies for secure digital asset management, ultimately linking physical and digital worlds.
WISeKey International Holding Ltd (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) has joined digitalswitzerland, a cross-industry initiative in Switzerland aimed at fostering digital innovation. This membership underscores WISeKey's commitment to strengthening cybersecurity and digital technologies. The company aims to develop a collaborative framework addressing public and private sector digital issues, while promoting a trust model that supports secure online communications. WISeKey's established partnerships and its unique governance model provide a competitive edge in the integrated digital identity market.
On May 25, 2021, WISeKey shareholders approved all agenda items during the 2021 Annual General Meeting in Zurich. Key outcomes included the re-election of all Board members, including Carlos Moreira as Chairman, and an increase in authorized and conditional share capital. Shareholders also approved the 2020 Annual Report and financial statements, discharged Board members from liability, and re-elected BDO SA as the audit firm. The company continues to position itself as a leader in cybersecurity and IoT.
WISeKey and Parrot have enhanced their partnership to fortify drone security. This collaboration aims to establish robust digital security standards for drones as the commercial market is projected to grow from $4 billion to over $40 billion by 2025. Compliance with new regulations mandates remote identification for drones, yet cybersecurity standards are still undefined. They plan to outline security features to ensure trusted ID broadcasts, safeguarding data confidentiality. WISeKey's technology has high-level certifications, ensuring secure operations for Parrot’s ANAFI drones.
WISeKey is partnering with Ocean Protocol to launch TrustedNFT.io, a decentralized marketplace for verifying physical artworks like paintings and sculptures. Utilizing NFTs to ensure authenticity, the marketplace combines WISeKey's specialized chips and blockchain identity technology with Ocean's data marketplace capabilities. This collaboration seeks to address concerns about art provenance and theft through advanced authentication measures, making high-value art transactions more secure.
WISeKey International Holding Ltd. (NASDAQ: WKEY) announced a webinar on May 18, 2021, focusing on the launch of its first-ever Non-Fungible Token (NFT) from space. In collaboration with Casper Labs and Ocean Protocol, the company will discuss the underlying technology and introduce the TrustNFT.IO platform to enhance NFT transactions' privacy and security. Additionally, a PocketPod deployer will facilitate the NFT launch via a Falcon 9 rocket by SpaceX in June 2021. This initiative aims to create a secure marketplace for art and luxury goods on the Casper Network, with the first auction planned for summer 2021.
WISeKey has announced the launch of TrustECoin, a token aimed at facilitating secure trading of luxury collectibles and artwork on its WISe.ART marketplace. This initiative is in collaboration with CasperLabs and Ocean Protocol. The platform will utilize NFTs tied to physical items, ensuring authenticity and combating counterfeiting. The integration of KYC procedures while maintaining user privacy is a key feature. WISeKey's strategy positions it favorably in the digital asset market, enhancing its value proposition for various stakeholders.
WISeKey International Holding Ltd, a global cybersecurity and IoT leader, reported Q1 2021 unaudited revenues of $4.7 million, a 7% increase from last year.
The company had a strong cash position of $23 million at the end of March 2021. They anticipate strong demand for their cybersecurity products in 2021, bolstered by a backlog increase of over 155% compared to last year.
The acquisition of arago is expected to enhance operational performance, while new strategic investments in IoT and blockchain technologies signal a robust growth trajectory.
WISeKey has secured a $10.0 million investment from Alpha Blue Ocean to fund its new TrustNFT.IO NFT platform, set to launch in June 2021. This investment consists of a short-term loan and the potential issuance of convertible notes, which can be converted into Class B shares. WISeKey aims to create a secure NFT marketplace for art and luxury goods, underpinned by its innovative Trust Protocol. The financing will allow the acceleration of its new business segment, projected to generate incremental revenue.
WISeKey International Holding Ltd. (NASDAQ: WKEY) has announced a special webinar event titled “The Leading Trusted Non-Fungible Token Webinar” on May 18, 2021. Collaborating with Casper Labs, Ocean Protocol, and Fossa Systems, the event will showcase the TrustedNFT.IO platform, which aims to secure NFT transactions using the Casper blockchain. The partnership seeks to create a dedicated NFT marketplace and is expected to launch the first NFT auction this summer. This initiative enhances the reliability and eco-friendliness of NFT transactions.
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