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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 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.
WISeKey International Holding Ltd announced a conference call on May 12, 2021, to discuss agenda items for its 2021 Annual General Meeting (AGM) scheduled for May 25, 2021. Shareholders can register for the call online. Due to COVID-19 restrictions, the AGM will be held virtually, requiring electronic or written voting. Key proposals include re-elections for Board members and the renewal of authorized and conditional share capital. The company aims to enhance shareholder engagement despite the pandemic's challenges.
WISeKey announced the launch of its first-ever Non-Fungible Token (NFT) from space, utilizing the PocketPod deployer by FOSSA Systems, scheduled for launch aboard a SpaceX Falcon 9 rocket in June 2021. This initiative aims to authenticate NFTs through the WISeSat satellite constellation, connecting satellites directly to IoT devices. The project represents a significant investment in satellite technology and aims to enhance secure communications in various industries, leveraging advanced cryptographic solutions for IoT connectivity and digital credential management.
WISeKey announced the drawdown of the final tranche of CHF 15.5 million from its agreement with Alpha Blue Ocean. This funding aims to support the acquisition of a 51% controlling interest in arago and to enhance its IoT cybersecurity platform with AIoT technologies. arago's valuation is approximately CHF 100 million. This acquisition is anticipated to provide revenue synergies and strengthen WISeKey's position in the AIoT market, ultimately increasing efficiency and reducing operational costs through its Knowledge Automation platform.
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