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WISeKey International Holding AG reports developments across cybersecurity, digital identity, IoT, post-quantum semiconductors and secure space infrastructure. News commonly covers consolidated financial results, SEALSQ semiconductor and PKI activity, QS7001 and QVault TPM programs, WISeSat low Earth orbit satellite operations, and the QSOC roadmap for quantum key distribution, quantum random number generation and post-quantum identity services.
Updates also describe SEALCOIN's machine-to-machine architecture, hardware-based identity, certificate-driven authentication, decentralized infrastructure initiatives, partnerships, and shareholder communications. The company's coverage often links secure microcontrollers, PKI, satellite connectivity and blockchain-related projects to trusted-device and quantum-resistant security markets.
WISeKey International Holding will launch the first NFT from space on January 13, 2022, via SpaceX's Transporter 3 mission. The NFT, captured by the WISeSat satellite station in South Spain, will be minted on the WISe.ART NFT Marketplace. This initiative will connect IoT devices to satellites for NFT authentication, ensuring secure, real-time communication. WISeKey has invested in FOSSA Systems to enhance satellite integration, offering IoT solutions through a SaaS model. The patented minting method will ensure long-term NFT value through authenticability and persistence.
WISeKey International Holding Ltd plans to invest up to $10 million over the next two years for Bitcoin mining from its Swiss facilities, including a secure military bunker. The initiative aims to enhance cybersecurity technologies to protect against illicit cryptocurrency mining activities. Operations will be conducted through TrusteCoin AG, a Special Purpose Vehicle established in Zoug. The company intends to install over 1,000 bitcoin mining machines, tackling the growing issue of cryptojacking while simplifying the mining process for clients.
WISeKey Holding Ltd. has reported key business milestones for 2021, including a projected revenue of $20 million, a 32% year-over-year increase, despite COVID-related supply issues. The company aims to leverage a cash position of $33 million for strategic investments and growth in the IoT and AI sectors. Notably, WISeKey has secured a $33.4 million backlog in IoT orders and has acquired arago to enhance its AI capabilities. The launch of its NFT platform, WISe.Art, positions the company for future revenue growth. Additionally, a share buyback program has been reactivated to enhance stockholder value.
WISeKey supports the EU's new Data and Cloud Alliance, promoting digital sovereignty to reduce reliance on foreign tech. The company operates the WISeID Cloud Storage service in Switzerland and the EU, enhancing security for confidential data. This initiative aligns with the EU's strategy to establish a native cloud ecosystem amid increasing competition from US providers. WISeKey leverages its digital identity technologies to offer users secure access to online services, responding to the growing demand for cloud solutions heightened by the COVID-19 pandemic.
WISeKey, in collaboration with FOSSA Systems, has successfully installed the first WISeSATS satellite ground station in La Línea de la Concepción, marking a significant step in the development of the LLG 4IR Center of Excellence. This autonomous station will facilitate the control and communication of IoT satellites, enhancing technological capabilities and contributing to regional digital transformation. The installation supports the deployment of the WISeSat constellation, aimed at providing secure IoT connectivity globally.
WISeKey has expanded its WISe.ART NFT Marketplace by introducing new artists, enhancing its digital art collection. With support from Ethereum, Polygon, and CasperLabs, the platform aims to ensure interoperability and minimize gas fees for users. WISe.ART is developing a fully-fledged marketplace, complete with its own digital currency and capabilities for curators. The platform incorporates patented technology for persistent and authenticatable NFTs, which includes smart contracts for ownership and royalties. This initiative supports artists and positions WISeKey at the forefront of the Web3.0 revolution.
WISeKey International Holding Ltd (NASDAQ: WKEY) announced key business developments during its Investor Day on December 13, 2021. In a letter to shareholders, CEO Carlos Moreira highlighted a 34% revenue increase for the first nine months of 2021, totaling $15.4 million, exceeding 2020's total. Anticipating full-year revenues of approximately $20 million, demand remains strong despite semiconductor supply issues. WISeKey emphasizes its focus on IoT, AI, and NFT sectors, foreseeing significant growth potential with a backlog of $33.4 million in orders and new revenue streams expected in 2022.
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WISeKey International Holding Ltd and CasperLabs will showcase advancements in blockchain identity and the WISe.ART NFT Marketplace during WISeKey's Investor Day on December 13 at the NASDAQ Market Site in NYC.
This collaboration aims to enhance security in the NFT marketplace through the Casper Network. The event will also introduce a Trust Protocol featuring digital twins for artworks and collectibles. The hybrid format allows for both in-person and virtual attendance.
WISeKey International Holding Ltd announced that its CEO, Carlos Moreira, will present at the Imperial Capital Security Investor Conference on December 15, 2021, at 10:30 am ET.
The presentation will highlight the company's innovative NFT blockchain technology and the WISe.ART Marketplace, which gained recognition during Art Basel Miami. The marketplace aims to auction historical art, luxury items, and more, linking digital assets to their physical counterparts while offering proof of ownership and monetization opportunities.