WISeKey Takes Steps to Implement its Semiconductors Quantum Technology

Rhea-AI Summary

WISeKey has initiated the QUASARS project, recognizing its innovation with the SCS label. The project focuses on post-quantum cryptography through a newly formed subsidiary, SEALSQ Corp, aimed at developing secure architectures resistant to quantum attacks. The project aligns with the recommendations from ANSSI, France's National Cybersecurity Agency. Furthermore, WISeKey is collaborating with the NIST on bringing trusted IoT solutions to market, leveraging its expertise in semiconductors and cryptographic services. CEO Carlos Moreira emphasized the potential applications spanning various industries.

Positive

• QUASARS project received the SCS label for innovation.
• Creation of SEALSQ Corp to advance post-quantum technology.
• Strong collaboration with ANSSI enhances credibility.
• Potential applications in diverse fields, such as healthcare and military systems.

Negative

• None.

WISeKey Takes Steps to Implement its Semiconductors Quantum Technology

WISeKey announces the implementation of project “QUASARS” (QUAntum resistant Secure ARchitecures project) that has officially received the SCS label as a recognition of its quality and innovative aspects

GENEVA – January 26, 2023: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI, Blockchain, and IoT company, today announced that it has incorporated a new company with the name SEALSQ Corp. to lodge project QUASARS.

WISeKey, through SEALSQ Corp (www.SEALSQ.com), has taken affirmative steps to implement its QUASARS project. The QUASARS project, is a radical innovative solution, based upon the new WISeKey Secure RISC V platform that is paving the way for the Post Quantum Cryptography era, offering hybrid solutions compliant with ANSSI’s (“Agence nationale de la sécurité des systèmes d’information,” the National Cybersecurity Agency of France) recommendations. Of note, WISeKey Semiconductors has received strong support from the French SCS (Secured Communicating Solutions) Cluster for its QUASARS project.

Carlos Moreira, CEO of WISeKey noted, “Our cutting-edge QUASARS project is lodged in a newly-formed Semiconductors Quantum technology company, SEALSQ Corp, dedicated to advancing the field of post-quantum computing, making it accessible to a wide range of industries that are already using our semiconductors, and it is enabling advances in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications.”

Mr. Moreira continued, “Our team of experts in Switzerland, France and USA has been working tirelessly over the last 36 months to develop innovative post-quantum solutions that harness the power of quantum mechanics to solve complex problems. Our post-quantum solutions include post-quantum microchips and other quantum devices that can be used in a variety of applications, from cryptography and drug discovery to artificial intelligence and financial modeling.”

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.

One example of a post-quantum technology is the lattice-based cryptography, a type of public-key cryptography based on the hardness of a mathematical problem called the Shortest Vector Problem (SVP) which is thought to be too difficult for a quantum computer to solve. Lattice-based cryptography can be used for tasks such as digital signatures, key exchange, and encryption.

Another example is code-based cryptography which is based on the difficulty of decoding certain algebraic structures called error-correcting codes. These codes can be used to create digital signatures, key exchange, and encryption schemes that are secure against quantum attacks.

It is worth noting that post-quantum cryptography is still in its early stages of development and there is ongoing research to identify and improve the most promising post-quantum techniques.

WISeKey is part of the National Institute of Standards and Technology (NIST) National Cybersecurity Center of Excellence (NCCoE) project, a new secure platform, that will help define best practices for performing trusted network-layer onboarding, and aid in the implementation and use of trusted onboarding solutions for IoT devices at scale.

Additional information on this consortium can be found at: http://www.nccoe.nist.gov/projects/trusted-iot-device-network-layer-onboarding-and-lifecycle-management.

For this project, WISeKey is working with NIST to define recommended practices for performing trusted network-layer onboarding, which will aid in the implementation and use of trusted onboarding solutions for IoT devices at scale.

The WISeKey contributions to the project will be Trust Services for credentials and secure semiconductors to keep credentials secure. Specifically, WISeKey will offer INeS Certificate Management Service (CMS) for issuing credentials and VaultIC secure semiconductors to provide tamperproof key storage and cryptographic acceleration.

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

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.

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 WISeKey's QUASARS project?

The QUASARS project involves developing post-quantum cryptography solutions and has received an SCS label for its innovative aspects.

When was the QUASARS project announced?

The QUASARS project was announced on January 26, 2023.

What is SEALSQ Corp?

SEALSQ Corp is a newly formed subsidiary of WISeKey created to implement the QUASARS project.

How does WISeKey's project align with cybersecurity standards?

The QUASARS project is compliant with the recommendations from France's ANSSI, ensuring robust security measures against quantum attacks.

What industries could benefit from WISeKey's post-quantum solutions?

Industries such as healthcare, military systems, telecommunications, and clean energy could benefit from WISeKey's post-quantum solutions.