REPX Selects WISeKey’s WISeID Technology to Secure its Applications for the Sports Fans Ecosystems

Rhea-AI Summary

WISeKey International Holding, trading under WKEY, has partnered with REPX to enhance its applications for sports fans. This collaboration introduces a prepaid credit card system for sports fans, engaging nearly half a billion potential users. REPX has secured partnerships with 15 notable football clubs, including Real Madrid and ACMilan, and plans to list on the London Stock Exchange shortly. WISeKey’s secure identity platform, WISeID, will bolster digital identity verification and KYC solutions in this venture, aiming to revolutionize fan engagement in the fintech space.

Positive

• Partnership with REPX increases market opportunities in the digital financial services space.
• Creation of personalized prepaid credit cards enhances fan engagement for sports clubs.
• WISeKey strengthens its position in identity verification with the WISeID platform.

Negative

• None.

REPX Selects WISeKey’s WISeID Technology to Secure its Applications for the Sports Fans Ecosystems

The growth potential of social networks as platforms that allow fans to purchase branded products and services, including credit cards, from their favorite clubs and the number of followers of top clubs such as Real Madrid, ACMilan, As Roma, Torino, that have already signed with REPX, opens new market opportunities in the digital transformation of financial services.

Geneva, London – January 26, 2022 – WISeKey International Holding Ltd (“WISeKey") (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, blockchain and IoT company, announces the signing of a strategic partnership with The Reputation Exchange Plc. (“REPX”), a leading electronic payment and digital ecosystem fintech. REPX, through products and a series of technologically advanced applications – all based on registered patents – and an innovative business model, allows sports clubs, entertainment and sports stars, celebrities, influencers, brands and cities with high tourist appeal to have their own personalized prepaid credit card.

Along with a special App that allows them to connect with their followers, this innovative product boasts a significant potential increase in fan engagement. Reaching its target of nearly half a billion fans in soccer and sports, REPX has already signed partnerships with 15 top football clubs of international relevance, and they expect to be listed on the London Stock Exchange in a couple of weeks.

Carlos Moreira, WISeKey’s CEO noted, “The collaboration with REPX reinforces our common objectives of providing secured digital identity verification and KYC solutions that keeps fans engaged with their sports teams, celebrities, influencers and brands, through applications and credit cards.”

Francesco De Leo, Repx Director noted, “The growth potential of social networks as platforms that allow fans to purchase branded products and services, including credit cards, from their favorite clubs and the number of followers of top clubs such as Real Madrid, ACMilan, As Roma, Torino, that have already signed with REPX, opens new market opportunities in the digital transformation of financial services.”

WISeID is a trusted identity platform and service that enables access to the web and mobile applications with strong authentication techniques. WISeID supports online KYC onboarding, OTP, SSO, MFA and digital certificate for strong authentication.

About REPX
REPX is a fintech revolutionizing traditional banking by combining technology and the passion of billions of fans worldwide with Social Media. REPX allows sports teams, celebrities, influencers, brands and iconic cities to innovatively connect with fanbases through exclusive co-branded prepaid cards, debit cards and digital products. REPX’s portfolio of partners and brands creates maximum engagement of the social generation through electronic payments. Come and explore the many opportunities our platform has to offer by visiting us at www.therepx.com

Media Contact:
Antonio Matta
Chief P.R. & Marketing Officer
marketing@therepx.com

About WISeKey
WISeKey (SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE. WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey SA 
Company Contact: 

Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com     

WISeKey Investor Relations (US) 
Contact: 

Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Disclaimer:

This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is or shall be relied on as, a promise or representation as to the future performance of WISeKey.

FAQ

What is the partnership between WKEY and REPX about?

WISeKey has partnered with REPX to create a prepaid credit card system aimed at sports fans, enhancing engagement with their favorite clubs.

How many football clubs have partnered with REPX?

REPX has secured partnerships with 15 international football clubs.

What technology does WKEY use for digital identity verification?

WISeKey utilizes its WISeID platform for secure digital identity verification and KYC solutions.

When does REPX plan to list on the London Stock Exchange?

REPX expects to be listed on the London Stock Exchange in the coming weeks.

How many potential fans can benefit from the WKEY and REPX collaboration?

The collaboration targets nearly half a billion fans in the sports sector.