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WISeKey Launched its Upgraded WISeID Cloud at the Mobile World Congress Swiss Pavilion

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WISeKey launched its upgraded WISeID Cloud Storage service at the Mobile World Congress. This service allows users to securely store and share confidential documents in the cloud, based in Switzerland and the EU. The upgraded cloud storage aims to enhance digital security and data sovereignty, aligning with EU initiatives to reduce reliance on non-European technology. The service is compliant with the EU New Data and Cloud Alliance, emphasizing WISeKey's commitment to digital sovereignty and secure cloud solutions.

Positive
  • Launch of upgraded WISeID Cloud Storage enhances user security for confidential documents.
  • Service aligns with EU efforts to develop a native cloud ecosystem, potentially increasing market demand.
  • Compliance with EU New Data and Cloud Alliance supports broader push toward digital sovereignty.
Negative
  • None.

WISeKey Launched its Upgraded WISeID Cloud at the Mobile World Congress Swiss Pavilion

The new features of WISeID Cloud Storage service enable users to keep a protected file storage in the cloud, in servers in Switzerland and EU, secured by WISeKey’s technologies. WISeID Cloud Storage can be used to securely store confidential documents on a personal cloud and share with other WISeID users, removing risks for eavesdropping and privacy loss. For more information visit https://cloud.wiseid.com/

Geneva & Zug, Switzerland, February 28, 2022 – WISeKey Holding Ltd (“WISeKey”, NASDAQ: WKEY, SIX: WIHN), a leading cybersecurity and IoT company, announced today at the Mobile World Congress Swiss Pavilion the launch of its upgraded WISeID Cloud Storage service. Digital Identification based Sovereign Cloud is one of several technologies, including semiconductors and AI that WISeKey provides where the EU is keen to build its indigenous capabilities. Currently, the public cloud landscape is dominated by US providers, all of which are growing their share of the European market. EU is seeking to develop a native cloud ecosystem and reduce this reliance on overseas companies. Last year, 25 member states signed a declaration pledging to build the next generation of cloud technology in Europe, and various initiatives are already underway.

WISeID Cloud is fully compliant with the EU New Data and Cloud Alliance which offers a broader push toward digital sovereignty, and it is intended to reduce dependencies from foreign technology providers. As concrete step towards this support, WISeKey already operates a Swiss-EU based WISeID Cloud Storage service www.wiseid.com.

WISeKey provides concrete EU based solutions with AI capabilities via arago AG in Germany and WISeKey Semiconductors in France, employing over 120 people focusing on creating these solutions. Launched in 2019, the WISeKey WISeID platform was built using WISeKey’s digital certificates and other innovative technologies. The evolution of the WISeID Cloud Storage service represents a stronger focus on cloud services and integration with internet applications, enabling customers and partners to adopt the WISeID ecosystem for digital identity to secure access to online services.

The new features of WISeID Cloud Storage service enable users to keep a protected file storage in the cloud, in servers in Switzerland and EU secured by WISeKey’s technologies. WISeID Cloud Storage can be used to securely store confidential documents on a personal cloud and share with other WISeID users, removing risks for eavesdropping and privacy loss.

WISeID is based on the WISeKey/OISTE Root of Trust and integrates innovative technologies to distribute the identity attributes and build federated ecosystems. WISeID is accessible as a web service via the wiseid.com trust services portal and enterprise standard APIs that allow the integration with business applications. The WISeID web services and Mobile Applications, available for download and use, provide users with a digital identity that can be used to secure email communication, digitally sign documents with legal validity and it’s complemented with features such as dual factor authentication and single sign-on. Several offers, such as digital certificates to secure the email or the strong authentication capabilities are offered free of charge, while others require a business subscription, in order to get full access to validated identities and document signature capabilities. For more information visit https://wiseid.com.

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 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 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 upgraded WISeID Cloud Storage service by WISeKey?

The upgraded WISeID Cloud Storage service enables secure storage and sharing of confidential documents in the cloud, based in Switzerland and the EU.

How does WISeKey's cloud service support EU digital sovereignty?

WISeKey's cloud service complies with the EU New Data and Cloud Alliance, which aims to reduce dependency on foreign technology providers.

When was the upgraded WISeID Cloud Storage launched?

The upgraded WISeID Cloud Storage service was launched at the Mobile World Congress on February 28, 2022.

What are the benefits of using WISeID Cloud Storage?

Benefits include enhanced security for confidential documents, compliance with EU regulations, and a focus on reducing risks of eavesdropping and privacy loss.

Where are the servers for WISeID Cloud Storage located?

The servers for WISeID Cloud Storage are located in Switzerland and the EU.

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