WISeKey Announces Creation QUANTIX EDGE SECURITY Joint Venture with SEALSQ, ODIN Solutions, and TProtege
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.
- Joint venture creates a new Cybersecurity and Semiconductor Customization Center.
- Currently in advanced negotiations for PERTE Chip funding with the Spanish Government.
- Supports Spain’s strategy to become a global leader in cybersecurity and semiconductor technology.
- Aligns with the EU’s Chip Act, aiming to mobilize €43 billion.
- Enhances capabilities in various sectors like smart cities, IT infrastructure, and 5G/6G networks.
- Leverages WISeKey's global expertise, SEALSQ’s semiconductor know-how, OdinS's innovation in IoT and AI, and TProtege’s regional presence.
- Aims to attract investment and foster digital transformation in Spain.
- None.
Insights
The creation of the joint venture Quantix Edge Security between WISeKey, SEALSQ, Odin Solutions and TProtege has several notable implications for investors. From a financial standpoint, this initiative can potentially increase revenue streams by tapping into Spain’s burgeoning semiconductor and cybersecurity markets. The consortium’s effort to secure
Short-term, the advanced negotiations with the Spanish Government for PERTE Chip funding indicate a high likelihood of receiving this financial backing. Such funding can significantly enhance the balance sheet of the involved companies, directly benefiting their financial stability and growth potential. Investors should watch closely for updates on the funding status, as this could be a significant catalyst for stock movement.
Long-term, by establishing a Cybersecurity and Semiconductor Customization Center, Quantix EdgeS aims to become a central player in Spain’s digital transformation. The diversification into sectors like smart cities, IT infrastructures and smart agriculture is strategic, catering to future-proof industries that offer significant growth potential. Additionally, leveraging WISeKey’s and SEALSQ’s expertise in cybersecurity and advanced technologies positions the joint venture favorably within the competitive landscape.
However, there are inherent risks such as execution challenges and dependency on governmental support. The success of this venture largely hinges on securing the PERTE Chip funding and effectively integrating technologies from the different partners.
From a technological perspective, the Quantix EdgeS joint venture is poised to make substantial advancements in cybersecurity and semiconductor customization. The combined expertise of WISeKey, SEALSQ, Odin Solutions and TProtege can foster innovation in various high-demand areas such as IoT, AI and post-quantum technology. This initiative aligns with the EU’s broader goal of reviving its semiconductor ecosystem, providing a robust framework for technological advancement and self-reliance within Europe.
The focus on post-quantum technologies is particularly noteworthy as it positions the joint venture at the forefront of a critical emerging field. Quantum computing poses significant security threats to current encryption methods and developing post-quantum cryptographic solutions will be vital for future-proofing digital systems. Additionally, integrating these technologies into microchips and devices can offer a distinct competitive advantage, attracting high-profile clients and additional investment.
Moreover, their emphasis on critical sectors such as 5G/6G networks, smart agriculture and smart devices highlights a forward-thinking approach. These areas are anticipated to experience substantial growth and early involvement could yield significant technological and financial returns.
Despite the promising outlook, the venture’s success will depend on effective collaboration and innovation. Any operational setbacks or technological integration issues could pose risks. Therefore, it’s important for the joint venture to maintain strong project management and continuous R&D to stay ahead.
WISeKey Announces Creation QUANTIX EDGE SECURITY Joint Venture with SEALSQ, ODIN Solutions, and TProtege
Creates an innovative Cybersecurity and Semiconductor Customization Center, currently in advanced negotiations for PERTE Chip funding with the Spanish Government
Geneva, Switzerland / Murcia, Spain - June 20, 2024: In a strategic move that establishes a new milestone in the global cybersecurity and semiconductor landscape, WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY) and its subsidiary SEALSQ Corp (“SEALSQ”) (NASDAQ: LAES), leaders in cybersecurity, artificial intelligence (AI), blockchain, semiconductors, PKI, and post-quantum technology, announced today the signing of an agreement with ODIN Solutions (“ OdinS”) and TProtege, leading companies in Internet of Things (IoT) and security, to create a joint venture, QUANTIX EDGE SECURITY (“Quantix EdgeS”), in the Region of Murcia.
Quantix EdgeS is a collaborative effort, with joint venture partners, OdinS and TProtege holding a
The Quantix EdgeS joint venture between WISeKey, SEALSQ, OdinS, and TProtege will be at the forefront of enhancing Spain's cybersecurity and semiconductor capabilities. Quantix EdgeS, the result of this collaboration, aligns with the Spanish strategy, emphasizing the importance of cybersecurity, semiconductors, and digital transformation in building a diversified and sustainable economy, where Artificial Intelligence and secure network systems will be central elements. The proposal to turn Spain into a global center for cybersecurity and semiconductor technology manufacturing, especially through the enhancement of cybersecurity, semiconductor, and space industries, marks a significant shift in the country’s economic diversification efforts and places the Region of Murcia at the most advanced technological level.
Quantix EdgeS is fully aligned with the EU strategy to revive its semiconductor ecosystem, initiated in February 2022 with the ‘Chip Act’. Member states have launched national initiatives that will allow Europe to mobilize
The PERTE Chip aims to strengthen the design and production capabilities of the national microelectronics and semiconductor industry. It is expected to mobilize public investment of
Quantix EdgeS aims to quickly establish itself as a key player in the sector, focusing on critical sectors for Spain's future growth. These include smart cities, IT infrastructures, smart embedded systems, and their impact on 5G/6G networks and the rest of the industrial sector, smart agriculture, transportation, commerce, banking, the automotive industry, consumer products, and the health sector. The joint venture is essential for driving the country towards achieving its ambitious goals because it leverages WISeKey's global expertise in cybersecurity and digital technologies along with the deep market knowledge of SEALSQ in the development and sale of semiconductor hardware and software products, PKI (Public Key Infrastructure), and post-quantum technology, OdinS's capacity for innovation in the areas of IoT, smart cities, precision agriculture, and AI applied to critical infrastructures and system security, and the strong regional presence through collaboration with TProtege.
The operational success of Quantix EdgeS demonstrates the commitment to providing cutting-edge cybersecurity solutions, secure communication, and IoT infrastructure betting on Post-Quantum technologies and their inclusion in microchips and devices. This company not only supports the digital transformation of Spain but also enhances its competitive advantage by attracting investments and fostering innovation within the digital economy. The short-term goal of Quantix EdgeS is to develop a Cybersecurity and Semiconductor Customization Center through Public-Private Partnerships (PPP) in Murcia through the possibilities offered by PERTE Chip. This pioneering initiative aims to mitigate the global dependency on semiconductor manufacturing and strengthen microchip implementation capabilities.
Quantix EdgeS also represents a commitment to creating a hub of technological innovation in cybersecurity and IoT devices, smart devices, and their application in new scenarios of 5G/6G networks, the development of RISC-V based solutions, the development of certification systems for the security of smart devices, as well as the attraction of high-value-added talent.
About ODIN Solutions
Odin Solutions (OdinS) is a small and medium-sized enterprise (SME), founded in August 2014 and accredited as an innovative ICT company (EIBT) by MINECO and ANCES. OdinS works in the IPv6 fields of Internet of Things, Big Data and Security. OdinS staff has extensive experience in research and development of integrated IoT systems and Big-Data platforms for water/energy efficiency, security and infrastructure remote management. OdinS holds several patents in the area of monitoring and telecontrol systems. OdinS provides open, flexible and interoperable products capable of connecting infrastructure and mobile platforms for Smart Cities and Energy Efficient Buildings.
OdinS has also been in the development of security certification solutions for IoT systems since its inception and more recently in the development of systems based on RISC-V, European cutting-edge technology for open systems and therefore aligned with the new needs marked by the European initiatives of NIS2 and CRA (Cyber Resilience Act).
The multidisciplinary and entrepreneurial team at OdinS works every day to face the new challenges of an increasingly connected and technological society. Therefore, OdinS is a member of the International IoT Forum and AIOTI (Alliance for Internet of Things Innovation). In addition, OdinS actively participates in different standardization working groups such as Smart Cities, Architectures and Standards. OdinS considers collaborative R&D projects as the best investment to achieve more competitive products and solutions. For more information, visit www.odins.es
About SEALSQ
SEALSQ is a wholly owned subsidiary of the WISeKey Group that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products. Our Post-Quantum solutions include Post-Quantum microchips and devices that can be used in a variety of applications, from Multi-Factor Authentication devices, Home Automation, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, visit www.sealsq.com.
About TProtege
TProtege has an important regional presence in the security and control systems market, with relevant involvement in the application of the latest technologies for customized solutions focused on the best customer service, with the aim of being a benchmark in ICT integrated into the audiovisual sector in general and in security and control in particular. It is a leading company in technology-based systems that offers audiovisual engineering, surveillance, environmental monitoring and management, access control and logistics security services. For more information, visit www.tprotege.es.
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
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com
WISeKey Investor Relations (US)
The Equity Group Inc.
Lena Cati
212 836-9611 / lcati@equityny.com
Katie Murphy
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.
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