WISeKey Expands its North American Team by Appointing Renae Rae as Director of Sales for the Region

Rhea-AI Summary

WISeKey has appointed Renae Rae as the new Director of Sales for North America to expand its business in the region. Renae brings over 20 years of experience in the semiconductor and IoT sectors, having held senior positions at companies like Motorola and Samsung. Her role will focus on enhancing sales channels and addressing the growing demand for large-scale digital identity and AI services in semiconductors. The appointment reflects WISeKey's commitment to meeting client needs in a rapidly evolving market.

Positive

• Appointment of Renae Rae as Director of Sales indicates strategic growth in North America.
• Renae Rae's extensive experience in semiconductors and IoT can boost WISeKey's market presence.
• Increased focus on digital identity and AI services aligns with market demand.

Negative

• None.

WISeKey Expands its North American Team by Appointing Renae Rae as Director of Sales for the Region

Geneva, Switzerland – November 14, 2022: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company, announced today the appointment of Renae Rae as Director of Sales in North America, effective immediately. Ms. Rae will actively contribute to the expansion of WISeKey business in North America and she will be responsible for Sales Channel Distributors and Sales Representatives.

Ms. Rae brings over 20 years of senior level business experience, specifically in the semiconductor, IoT, connectivity, and integration field. Before joining WISeKey, Ms. Rae held director and management positions at several Fortune 500 companies, including Motorola and Samsung. Renae holds a Bachelor of Arts degree in Business Administration from the University of Massachusetts, Boston.

Carlos Moreira, WISeKey’s Founder and CEO noted, “We are excited to have Renae join our team. With her appointment, we will be expanding our North American sales team to meet higher demand from or existing and new clients for large scale digital identity and AI and big data services in the semiconductors space.”

Mr. Reding added, “I am excited to be joining the WISeKey team. I look forward to working with Carlos and the team to further expand WISeKey’s footprint in North America.”

About WISeKey

WISeKey (NASDAQ: WKEY; 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 secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 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 International Holding Ltd 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

Who is the new Director of Sales for WISeKey in North America?

Renae Rae has been appointed as the new Director of Sales for WISeKey in North America.

What experience does Renae Rae bring to WISeKey?

Renae Rae brings over 20 years of experience in the semiconductor and IoT sectors, with previous roles at Motorola and Samsung.

What is WISeKey's focus in the North American market?

WISeKey aims to expand its sales channels and meet the growing demand for digital identity and AI services in the semiconductor space.

What sectors does WISeKey operate in?

WISeKey operates in cybersecurity, AI, IoT, and digital identity solutions.