STOCK TITAN

WISe.ART Partners with Sustainable Fashion Innovation Society on Upcoming Phygital Sustainability Expo

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Positive)
Tags
partnership
Rhea-AI Summary

WISeKey International Holding announced that its subsidiary, WISe.ART, has partnered with the Sustainable Fashion Innovation Society for the Phygital Sustainability Expo in Rome, Italy, on June 4-5, 2024. The event will take place at the Museum of the Imperial Forum and run from 10:00 AM to 9:00 PM. WISeKey's cybersecurity and Hedera DePIN technologies will play vital roles in the Expo, enhancing transparency and traceability within the sustainable fashion industry. Their solutions will ensure the integrity and authenticity of digital identities and data, bolstering consumer confidence in sustainability claims.

Positive
  • Partnership with Sustainable Fashion Innovation Society enhances WISeKey's presence in the sustainable fashion sector.
  • WISeKey's cybersecurity solutions ensure data integrity and transparency in supply chains.
  • Hedera DePIN technology promotes traceability and transparency, boosting consumer confidence in sustainability claims.
  • Event timing and location at Museum of the Imperial Forum align with high visibility opportunities.
Negative
  • No specific financial benefits or revenue expectations were disclosed for WISeKey.
  • Potential high costs associated with implementing and maintaining advanced cybersecurity and blockchain technologies.

 Announcement on the Nasdaq Tower in New York City can be viewed at https://youtu.be/28nV8L_TXaw?si=Fb1_EBN7LQcLGfFb   

Livestreams of the Expo’s conferences will be available on RaiNews.it and Today.it

Rome, Italy – June 3, 2024: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, operating as a holding company, announced that its subsidiary WISe.ART has partnered with Sustainable Fashion Innovation Society (“Society”) on the upcoming Phygital Sustainability Expo® (“Expo”) in Rome, Italy.

Phygital Sustainability Expo® Details:
Date: June 4-5, 2024
Time: 10.00 am - 9.00 p.m.
Location: Museum of the Imperial Forum
Salita del Grillo, 32, Rome, Italy

In addition to WISe.ART’s partnership, WISeKey’s Cybersecurity and Hedera DePIN (Decentralized Physical Infrastructure Networks) are playing crucial roles in advancing the Phygital Sustainability industry, especially in the realm of sustainable fashion. WISeKey's cybersecurity solutions ensure the integrity and authenticity of digital identities and data, which is vital for maintaining transparent and secure supply chains. By tracking and authenticating every step of the production process, WISeKey helps brands verify the origin and sustainability of their materials, thus fostering trust with consumers.

On the other hand, Hedera DePIN leverages blockchain technology to enhance transparency and traceability within the fashion industry. By recording every transaction and process on a decentralized ledger, Hedera ensures that all data is immutable and accessible, allowing consumers and stakeholders to verify the sustainability claims of fashion brands. This integration not only boosts consumer confidence but also encourages brands to adopt more sustainable practices.

About the Expo
The Phygital Sustainability Expo®, now in its 5th edition, serves as a catalyst for sustainable fashion by encouraging conscious consumer choices. It empowers fashion enthusiasts to opt for low-impact materials, cruelty-free alternatives, circular “econology” (economy and ecology) and sustainable production processes. The event ingeniously brings together technology and fashion, featuring cutting-edge solutions that pave the way for a sustainable future.

Each year, the Expo welcomes top institutional representatives from national and European governments, multi-sector multinationals, and world-renowned opinion leaders. The Expo is intended to underscore the importance of Europe's pioneering strategy of delineating itself as a global sustainability policy maker. Partners of the Expo include European Parliament and European Commission, as well as Italian Ministry of Foreign Affairs and International Cooperation, Italian Trade Agency (ITA), and Department for Tourism, Events, Sports and Fashion of Rome Capitol City.
                                                 
The schedule for Phygital Sustainability Expo® includes:

  • Guest Speakers: 100 guest speakers in attendance from 17 different nations, including numerous Italian Ministers, international opinion leaders, industry experts and top executives from multinational corporations and innovators. All lectures are simultaneously translated from Italian to English and vice versa.

  • Sustainable Made in Italy Awards: Five excellences of Sustainable Made in Italy will be awarded by the Minister of Enterprises and Made in Italy, at the end of the panel dedicated to Made in Italy. The awardees are Sir. Federico Marchetti, Bottega Veneta's CEO Bartolomeo Rongone, James Ferragamo, the Director General of Dolce & Gabbana and a surprise for the "Young Innovator" category. The award ceremony will be held in the morning of June 5.

  • Narrated Fashion Show®: To raise awareness, a live narrator voice communicates the innovation and sustainability of each outfit and the estimated carbon footprint emitted for production. The show will be held June 4 at 8:30 p.m.

  • Narrated Fashion Show® in the METAVERSE: Held simultaneously in the parallel universe, i.e., in the metaverse, the same outfits parade on Spatial, reachable via QR code for those who cannot be physically present. The show will be held June 4 at 8:30 p.m.

  • Exhibit in the Culture of Sustainability. On the scenic terraces of the Museum of the Imperial Forum, there will be an exhibit by FAO to educate the youngest generations on the importance of Sustainable Development Goals. Available all-day June 4 and 5.

  • Educational Workshops in the Ancient Millenary Location: Skilled Artisans will offer free workshops on ancient crafts such as glove making. Curated by UNIC-Italian Tanneries. Available all-day June 4 and 5.

  • Augmented Reality (AR) Pathway: Using technology from Hevolus Innovation, gamification and AR playful activities will inform the audience about the life cycle of a t-shirt: from cotton field to landfill at the end of use; comparing the carbon footprint the same garment would have for the planet by applying circular economy. Available all-day June 4 and 5.   

  • Projection of Report's (RAI) documentary "Giralamoda": Together with Greenpeace's investigations and research unit, Report tracked consumer's returns, purchased directly from companies' websites. Available in the evening of June 5.

The Sustainable Fashion Innovation Society has solidified its influential position within Italy's sustainable fashion landscape. It actively contributes to the Table for Fashion of the Italian Ministry of Economic Development and the Fashion Table of the Lazio Region. Presidente Valeria Mangani's remarkable achievements have earned her recognition as the "Sustainable Fashion Expert" by the Italian Ministry of Economic Development.

Together, the Sustainable Fashion Innovation Society and the Phygital Sustainability Expo® spearhead the ecological transition of Italy's fashion and design sector. Through its endeavors, the Society raises awareness and advocates for sustainable practices among businesses and consumers, establishing Italy as a prominent global hub for sustainable fashion.

For more information about the Sustainable Fashion Innovation Society and the Phygital Sustainability Expo®, visit sustainablefashioninnovation.org.

About WISe.ART:
WISe.ART is a pioneering force in the field of sustainable art, committed to promoting eco-conscious practices within the creative industry. With a focus on fostering sustainability and innovation, WISe.ART continues to redefine the boundaries of art, inspiring a new generation of environmentally responsible artists.

About WISeKEY:
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd 
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

 
WISeKey Investor Relations (US) 
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +1 212 836-9612 / kmurphy@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 the Swiss Financial Services Act (“FinSA”), the FInSa's predecessor legislation or advertising within the meaning of the FinSA. 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 Phygital Sustainability Expo?

The Phygital Sustainability Expo is an event focused on sustainable fashion, taking place in Rome, Italy, on June 4-5, 2024.

How is WISeKey involved in the Phygital Sustainability Expo?

WISeKey's subsidiary, WISe.ART, has partnered with the Sustainable Fashion Innovation Society to enhance transparency and traceability in the fashion industry using their cybersecurity and Hedera DePIN technologies.

What role does WISeKey's cybersecurity play in the Expo?

WISeKey's cybersecurity solutions ensure the integrity and authenticity of digital identities and data, maintaining transparent and secure supply chains.

What is Hedera DePIN and how does it contribute to the fashion industry?

Hedera DePIN leverages blockchain technology to enhance transparency and traceability, allowing stakeholders to verify the sustainability claims of fashion brands.

When and where will the Phygital Sustainability Expo take place?

The Expo will be held on June 4-5, 2024, from 10:00 AM to 9:00 PM at the Museum of the Imperial Forum in Rome, Italy.

What is the stock symbol for WISeKey?

The stock symbol for WISeKey is WKEY.

WISeKey International Holding AG American Depositary Shares

NASDAQ:WKEY

WKEY Rankings

WKEY Latest News

WKEY Stock Data

18.11M
3.37M
1.09%
0.32%
Semiconductors
Technology
Link
United States of America
Zug