WISeKey International Holding AG American Depositary Shares - WKEY STOCK NEWS

WISeKey's subsidiary, WISeSat.Space, announced a pioneering project to integrate blockchain technology with satellite operations. Scheduled for a SpaceX launch in October 2024, this initiative aims to enhance aspects of the satellite industry, including logistics, insurance, and data security. The blockchain nodes will be operated from the new WISeSat Satellite, promising increased transparency, efficiency, and security. Blockchain's utilization will streamline satellite operations through smart contracts, reduce energy costs, and offer better cybersecurity. The integration will also decentralize the blockchain network, making it more resilient. This technology could improve financial inclusion in remote areas and provide significant economic opportunities, particularly in developing regions.

On June 28, 2024, WISeKey announced that shareholders approved all agenda items at the 2024 Annual General Meeting held on June 27, 2024. Key decisions included the re-election of Carlos Moreira as Chairman and other members of the Board of Directors. New board members Philippe Doubre, Philippe Monnier, and John O'Hara were also elected. Shareholders approved a per share nominal value reduction for Class B and Class A Shares, which will allocate funds to statutory capital reserves without reducing current equity. The 2023 Annual Report and financial statements were approved, along with discharges of liability, compensation reports, and re-elections for auditing roles. The share capital reduction is expected to be implemented in the upcoming weeks.

WISeKey subsidiary WISeSat.Space has announced plans to advance secure IoT connectivity and climate monitoring via satellite technology. Key developments include launching a new satellite generation from California in Q4 2024, installing a satellite antenna in Switzerland the same quarter, and creating a European-based satellite constellation to ensure data sovereignty and technological independence. Additionally, WISeSat.Space is partnering with the Swiss Army to enhance its operational capabilities through secure satellite communication. The initiative aims to optimize global IoT coverage and support environmental monitoring, disaster management, and smart agriculture.

WISeKey and its subsidiary SEALSQ announced a joint venture, QUANTIX EDGE SECURITY (Quantix EdgeS), with ODIN Solutions and TProtege. The venture, located in Murcia, Spain, aims to create a Cybersecurity and Semiconductor Customization Center, and is negotiating for funding from Spain's PERTE Chip program. This initiative supports Spain’s strategy to become a global leader in cybersecurity and semiconductor technology, aligning with the EU’s Chip Act.

Quantix EdgeS will enhance Spain's capabilities in sectors like smart cities, IT infrastructure, 5G/6G networks, smart agriculture, and more. Leveraging WISeKey's global expertise and SEALSQ’s semiconductor know-how, along with OdinS's innovation in IoT and AI, and TProtege’s regional presence, the venture aims to develop cutting-edge cybersecurity solutions and attract investment, fostering digital transformation in Spain.

WISeKey announced the retirement of Peter Ward as CFO, effective June 30, 2024, and appointed John O’Hara as the new CFO starting July 1, 2024. Peter Ward, who has been with WISeKey since 2008 and served as CFO since 2015, will remain on the Board of Directors. John O’Hara, currently CFO of WISeKey's subsidiary SEALSQ, has extensive experience in financial control, compliance, and risk management. CEO Carlos Moreira praised Ward's contributions to WISeKey's growth and expressed confidence in O’Hara's ability to drive financial excellence and cost-saving initiatives.

WISeKey International Holding announced the launch of SEALCOIN AG, a new entity focusing on Decentralized Physical Internet Network (DEPIN) solutions. SEALCOIN AG, supported by a strategic investment from The Hashgraph Association, aims to revolutionize the IoT landscape using Hedera's decentralized ledger technology (DLT). The SEALCOIN project introduces a utility token that enables secure, autonomous transactions among IoT devices. This platform addresses the growing need for efficient and trustworthy transactions in the IoT sector, reducing human intervention and central control risks. SEALCOIN's design supports various IoT applications, including smart homes, industrial automation, and connected healthcare, ensuring scalability, security, and interoperability. The Hashgraph Association provides not only financial backing but also technical expertise and strategic guidance to enhance SEALCOIN AG's capabilities in the IoT transactional ecosystem.

WISeKey has integrated DePIN into its OISTE-WISeKey Cryptographic Root of Trust (RoT), aiming to enhance the security of digital and physical infrastructure. This integration leverages Swiss bunkers for high-security operations and fosters the development of decentralized applications (dApps) in sectors like mobility, EV charging, and telecommunications. The RoT framework, actively used since 1999 by over 2.6 billion devices, ensures the authenticity and confidentiality of online transactions. DePIN's blockchain technology and token incentives enable community-driven infrastructure development, promoting economic participation and innovation without significant upfront capital. This marks a significant step towards a more secure and decentralized Web3 ecosystem.

WISeKey and its subsidiary WISe.ART, in collaboration with Nous Les Ambitieuses! and Ylan Anoufa's AnoufaBears, will announce the 50 global winners of the 'Preserve Our Resources, Citizens, and Environment!' contest at the World Ocean Day Event on June 8, 2024, in Monaco. The event will feature prominent figures, including H.S.H. Prince Albert II of Monaco, a staunch advocate for ocean preservation, and Carlos Moreira, CEO of WISeKey and WISe.ART. Ylan Anoufa's work will be displayed on the Nasdaq Tower in Times Square, New York. WISeKey aims to celebrate the talents dedicated to environmental preservation and support Ylan Anoufa's artistic efforts through its advanced technology.

On June 5, 2024, SEALSQ, a leading company in semiconductors, PKI, and post-quantum technology, along with its parent company WISeKey, a global cybersecurity leader, announced a partnership with The Hashgraph Association. This collaboration aims to bring secure IoT and DePIN solutions to Saudi Arabia, aligning with the nation's Vision 2030 goals. The Hashgraph Association, backed by a $250 million Deep Tech Studio initiative with the Saudi Ministry of Investment, will leverage Hedera’s DLT technology to enhance IoT and blockchain applications in the MENA region. WISeKey has been active in Saudi Arabia since 2020 through its joint venture with the Juffali Group. SEALSQ also plans to establish an Open Semiconductors Assembly and Test (OSAT) Center in Saudi Arabia, focusing on local manufacturing using RISC-V technology. The Saudi IoT market, a significant portion of the Gulf region's cybersecurity and IoT market, is expected to grow substantially, supported by Vision 2030.