Welcome to our dedicated page for Wisekey Internat news (Ticker: WKEY), a resource for investors and traders seeking the latest updates and insights on Wisekey Internat stock.
WISeKey International Holding Ltd (NASDAQ: WKEY) delivers cutting-edge cybersecurity solutions through secure semiconductors, digital identity management, and satellite-enabled IoT protection. This news hub provides investors and technology stakeholders with essential updates on the company’s strategic initiatives and market position.
Access timely reports on earnings announcements, security product launches, strategic partnerships, and innovations in post-quantum cryptography. Our curated collection ensures you stay informed about developments impacting WISeKey’s core markets in IoT security, digital authentication, and space-based connectivity solutions.
Key focus areas include secure chip technology advancements, mPKI certificate deployments, and progress in WISeSat satellite security platforms. All content is verified for accuracy and relevance to investment analysis and industry trend monitoring.
Bookmark this page for streamlined access to WISeKey’s official communications and third-party analysis. Regularly updated to reflect the evolving landscape of digital trust technologies and their commercial applications.
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.
WISeKey has secured two key patents in China, enhancing its NFC tag technology for product authenticity and customer engagement. These patents cover the design and functionality of their NanoSeal® and VaultIC® NFC chips, which allow for advanced security and cloud-based authentication. This development positions WISeKey favorably within various industries such as fashion, cosmetics, and luxury goods. The company’s commitment to R&D, investing 40% of its revenue in 2020, underscores its strategy to protect its intellectual property and innovate in the cybersecurity and IoT sectors.
WISeKey announced preliminary H1 2021 results with a revenue of $9.9 million, marking a 24% increase from H1 2020. As of July 9, 2021, the company's cash reserves stand at $35.9 million. CEO Carlos Moreira highlighted significant progress made during the pandemic, including the acquisition of arago GmbH, enhancing their AI-based revenue sources. The firm aims to capitalize on emerging opportunities in AIoT and the cybersecurity market, projected to grow substantially through 2025.
