WISeKey Selected by Gibraldrone to Enable Its Drones with WISeSAT Satellite Communications and Leverage Best Practices on Security

Rhea-AI Summary

WISeKey has partnered with Gibraldrone to enhance drone technology through WISeSAT satellite communications and security solutions. Announced at the Smart Agrifood Summit in Málaga on September 29, 2022, this collaboration aims to provide end-to-end security for drone data services and connections. Gibraldrone, which is expanding its market capabilities, will utilize WISeKey’s IoT security connections to differentiate its services, including emergency support for forest fires and underwater inspections. This partnership underscores WISeKey’s commitment to innovation in the cybersecurity and IoT sectors.

Positive

• Strategic partnership with Gibraldrone enhances WISeKey's market presence.
• Leverages advanced security and satellite communication technologies for drones.
• Addresses emerging markets including emergency and underwater inspection services.

Negative

• None.

WISeKey Selected by Gibraldrone to Enable Its Drones with WISeSAT Satellite Communications and Leverage

Best Practices on Security

WISeKey, in collaboration with Gibraldrone, is set to introduce its secure technologies for drones, leveraging VaultIC Secure elements and enabling with WISeSAT Satellite connectivity for all their ecosystems of connected devices.

Geneva/Malaga/Campo de Gibraltar – September 29, 2022 – WISeKey International Holding (“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading security Certificate Authority and provider of identity solutions, today announced at the Smart Agrifood Summit held in Málaga, Spain its partnership with Gibraldrone, a Spanish Drone & Technology company.

This collaboration will foster WISeKey’s business opportunities with Gibraldrone by combining proven expertise in IoT and Cybersecurity and providing comprehensive and efficient solutions by assuring the end-to-end security of drone flights data services and connections between sensors, drones, and secure communications.

Gibraldrone takes a step forward in its goal of entering new markets (in addition to drone flight services), by offering innovative solutions for inspecting and surveying tanks and ships, matters of security and/or surveillance of forest fires, supporting emergency situations, as well as enabling ROV underwater inspections.

By enabling communications via WISeSAT (Satellite Constellation), WISeKey assures IoT security connections for Drone-Sensor-Picosatellite becomes a key differentiator for Gibraldrone’s business.

“Following our previous projects with Parrot, we are proud to expand our technology in the drone security industry and provide Gibraldrone with innovative services, which leverage our cutting-edge technologies and services and bring new key differentiators in this market.” said Carlos Moreno, Vice President Corporate Alliances & Partnerships at WISeKey.

“We are delighted to team with WISekey and use their cybersecurity and Satellite communications for IoT technology and experience to improve the security of our drones and high-end equipment. Innovation is key in the modern era, and for our company is a must, whether we use standard technology or create a new one.” said Sarah Pérez, CEO of Gibraldrone.

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 1.6 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.

About Gibraldrone

Gibraldrone (Gibraldrone Professional & Technical Services SL), is a Spanish technology company based in the south of Spain at the Strait of Gibraltar. From their headquarters they provide a combination of services using high end technology.

This technology enables Gibraldrone to provide a wide range of services in the following areas:

-        Operations with aerial and underwater Drones (UAV & ROV).

-        Technical and Maritime Sector Inspections.

-        3D Mapping and Virtual Reality services.

-        I+D technology development in audiovisuals and APP.

Creativity and innovation as fundamental pillars of Gibraldrone together with technical and business knowledge help us to develop unique projects.

For more information, please visit: www.gibraldrone.com or follow our social media channels.

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

Gibraldrone
Company contact: Sarah Perez
CEO & Pilot Instructor
Tel: +34 659 874 072
info@gibraldrone.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 partnership between WISeKey and Gibraldrone about?

WISeKey and Gibraldrone have partnered to integrate WISeSAT satellite communications and security solutions into Gibraldrone's operations.

When was the partnership between WISeKey and Gibraldrone announced?

The partnership was announced on September 29, 2022, during the Smart Agrifood Summit in Málaga, Spain.

How will the partnership impact WISeKey's stock (WKEY)?

This strategic collaboration is expected to enhance WISeKey's market opportunities, which may positively influence its stock performance.

What technologies will Gibraldrone use from WISeKey?

Gibraldrone will use WISeKey's VaultIC secure elements and WISeSAT satellite connectivity for improved drone security.

What markets is Gibraldrone aiming to enter with this partnership?

Gibraldrone plans to expand into markets for drone flight services, security surveillance, and underwater inspections.