WISeKey in Cooperation with FOSSA Launched 7 New WISeSat FOSSA Secured Satellites Creating One of the Largest European IoT Constellations in History

Rhea-AI Summary

WISeKey International Holding Ltd announced the launch of 7 new WISeSat FOSSA secured satellites in cooperation with FOSSA Systems, establishing one of Europe’s largest IoT constellations. This expands their constellation to 13 satellites, enhancing WISeKey's capabilities in secure IoT connectivity. The WISeSat satellites facilitate affordable satellite communications for remote applications such as agriculture and maritime shipping. WISeKey offers a SaaS model for its IoT clients, featuring advanced security and data management solutions through its INeS platform.

Positive

• Launch of 7 new WISeSat satellites, expanding constellation to 13, enhancing market presence.
• Enables secure and cost-effective IoT connectivity for remote and under-served areas.
• SaaS model provides flexible access to satellite communications for various industries.

Negative

• None.

WISeKey in Cooperation with FOSSA Launched 7 New WISeSat FOSSA Secured Satellites Creating One of the Largest European IoT Constellations in History

Geneva and Zug Switzerland – June 2, 2022 – WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN), a leading cybersecurity, IoT and AI company, announced that in cooperation with FOSSA Systems has launched 7 new WISeSat FOSSA secured satellites creating one of the largest European IoT constellations in history. FOSSA has increased to 13 the WISeSat-ready constellation in orbit, becoming the Spanish satellite operator with the largest constellation.

The project will be presented to investors and partners during the FT https://ftspace.live.ft.com/
“Investing in Space” event in London on June 9, 2022.

The WISeSaT Satellite is a security-IoT hardened FOSSASAT-2E picosatellite designed to further drive down satellite costs for IoT applications. These WISeSaT ready platforms will enable secure and robust IoT connectivity and space-enabled services for assets in remote locations and applications such as maritime shipment, emergency locators, agriculture or farming.

WISeKey is offering this technology to its IoT clients in a SaaS model allowing both remote and redundant urban IoT communications for companies seeking to securely connect their assets via satellite communication covering large and unserved geographic areas such as maritime, deserts, mountains, etc., at affordable prices. WISeKey Trust and Security solutions offer unique integration into an end-to-end platform that communicates in real-time with the WISeSat. Satellite by ensuring the authenticity, confidentiality, and integrity of the devices, objects, data and transactions.

WISeKey’s INeS platform uses state-of-the-art cryptographic algorithms to meet the highest standards for issuing, managing, and validating digital credentials for IoT devices and now those to be connected with WISeSaT.Satellite. This platform is scalable to support environments for hundreds of millions of devices and sensors, and able to remotely collect data from the field and transmit to the backend.

Additionally, INeS features Entity Management (any custom attributes such as identities, group, type, role, and life cycle), Message Security Policy Management, and Business Rules Management. Interfacing via the cloud and connecting devices and applications, INeS is capable of remotely identifying credentials and controlling activation, deactivation, revocation, renewal, and secure provisioning.

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 installed 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 leading edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications 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

What is the significance of WISeKey's new satellite launch on June 2, 2022?

WISeKey launched 7 new WISeSat satellites, creating one of the largest IoT constellations in Europe, increasing their market reach and capabilities.

How many WISeSat satellites are now in orbit?

With the launch of the new satellites, WISeKey's constellation has increased to 13 satellites in orbit.

What applications can benefit from the WISeSat satellite technology?

Applications such as maritime shipping, emergency locators, and agriculture can benefit from WISeSat's secure IoT connectivity.

What model does WISeKey offer for IoT clients?

WISeKey offers its satellite technology via a SaaS model, facilitating remote and secure IoT communications.

When will WISeKey present this project to investors?

WISeKey will present the project during the 'Investing in Space' event in London on June 9, 2022.