STOCK TITAN

WISeKey to Launch Next Generation of Quantum RootKey in Q1 2025

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags

WISeKey (NASDAQ: WKEY) announced the development of its next-generation Quantum RootKey, set to launch in Q1 2025. This advanced cryptographic solution, developed in collaboration with OISTE.ORG Foundation, aims to secure digital identities against quantum computing threats. The system employs Post-Quantum Cryptography (PQC) algorithms like CRYSTALS-Dilithium and FALCON, integrated with Hardware Security Modules (HSMs).

Through its subsidiary SEALSQ, WISeKey is launching a new Quantum Lab to make its PQC-PKI platform available for evaluation and pilot projects. The solution targets multiple sectors including IoT Security, Government and Defense, Financial Services, Healthcare, and Telecommunications, offering quantum-resistant encryption for data protection.

WISeKey (NASDAQ: WKEY) ha annunciato lo sviluppo della sua Quantum RootKey di nuova generazione, prevista per il lancio nel primo trimestre del 2025. Questa avanzata soluzione crittografica, sviluppata in collaborazione con la Fondazione OISTE.ORG, ha l'obiettivo di proteggere le identità digitali dalle minacce del calcolo quantistico. Il sistema utilizza algoritmi di Crittografia Post-Quantistica (PQC) come CRYSTALS-Dilithium e FALCON, integrati con Moduli di Sicurezza Hardware (HSM).

Attraverso la sua controllata SEALSQ, WISeKey sta lanciando un nuovo Quantum Lab per rendere disponibile la sua piattaforma PQC-PKI per valutazioni e progetti pilota. La soluzione si rivolge a diversi settori tra cui Sicurezza IoT, Pubblica Amministrazione e Difesa, Servizi Finanziari, Sanità e Telecomunicazioni, offrendo crittografia resistente al quantistico per la protezione dei dati.

WISeKey (NASDAQ: WKEY) anunció el desarrollo de su Quantum RootKey de próxima generación, que se lanzará en el primer trimestre de 2025. Esta avanzada solución criptográfica, desarrollada en colaboración con la Fundación OISTE.ORG, tiene como objetivo proteger las identidades digitales contra las amenazas de la computación cuántica. El sistema emplea algoritmos de Cryptografía Post-Cuántica (PQC) como CRYSTALS-Dilithium y FALCON, integrados con Módulos de Seguridad Hardware (HSM).

A través de su subsidiaria SEALSQ, WISeKey está lanzando un nuevo Laboratorio Cuántico para hacer que su plataforma PQC-PKI esté disponible para evaluación y proyectos piloto. La solución se dirige a múltiples sectores, incluyendo Seguridad IoT, Gobierno y Defensa, Servicios Financieros, Atención Médica y Telecomunicaciones, ofreciendo cifrado resistente a la computación cuántica para la protección de datos.

WISeKey (NASDAQ: WKEY)는 2025년 1분기에 출시될 차세대 Quantum RootKey 개발을 발표했습니다. OISTE.ORG 재단과 협력하여 개발된 이 첨단 암호 솔루션은 양자 컴퓨팅 위협으로부터 디지털 신원을 보호하는 것을 목표로합니다. 이 시스템은 CRYSTALS-Dilithium 및 FALCON과 같은 양자 이후 암호화 (PQC) 알고리즘을 사용하며, 하드웨어 보안 모듈(HSM)과 통합되어 있습니다.

WISeKey는 자회사 SEALSQ를 통해 PQC-PKI 플랫폼을 평가 및 파일럿 프로젝트에 사용할 수 있도록 새로운 양자 연구소를 출시하고 있습니다. 이 솔루션은 IoT 보안, 정부 및 방위, 금융 서비스, 의료 및 통신을 포함한 여러 분야를 대상으로 하며, 데이터 보호를 위한 양자 저항 암호화를 제공합니다.

WISeKey (NASDAQ: WKEY) a annoncé le développement de sa Quantum RootKey de prochaine génération, prévue pour un lancement au premier trimestre 2025. Cette solution cryptographique avancée, développée en collaboration avec la Fondation OISTE.ORG, vise à sécuriser les identités numériques contre les menaces de l'informatique quantique. Le système utilise des algorithmes de Cryptographie Post-Quantique (PQC) tels que CRYSTALS-Dilithium et FALCON, intégrés avec des Modules de Sécurité Matériels (HSM).

Grâce à sa filiale SEALSQ, WISeKey lance un nouveau Laboratoire Quantum pour rendre sa plateforme PQC-PKI disponible pour des évaluations et des projets pilotes. La solution cible plusieurs secteurs, y compris la Sécurité IoT, le Gouvernement et la Défense, les Services Financiers, la Santé et les Télécommunications, offrant un chiffrement résistant aux menaces quantiques pour la protection des données.

WISeKey (NASDAQ: WKEY) kündigte die Entwicklung seines Quantum RootKey der nächsten Generation an, das im ersten Quartal 2025 auf den Markt kommen soll. Diese fortschrittliche kryptografische Lösung, die in Zusammenarbeit mit der OISTE.ORG-Stiftung entwickelt wurde, zielt darauf ab, digitale Identitäten vor Bedrohungen durch Quantencomputing zu schützen. Das System verwendet Post-Quantum-Kryptografie (PQC)-Algorithmen wie CRYSTALS-Dilithium und FALCON, die mit Hardware-Sicherheitsmodulen (HSMs) integriert sind.

Durch ihre Tochtergesellschaft SEALSQ startet WISeKey ein neues Quantum Lab, um ihre PQC-PKI-Plattform für Bewertungen und Pilotprojekte verfügbar zu machen. Die Lösung richtet sich an mehrere Sektoren, darunter IoT-Sicherheit, Regierung und Verteidigung, Finanzdienstleistungen, Gesundheitswesen und Telekommunikation, und bietet quantenresistente Verschlüsselung zum Schutz von Daten.

Positive
  • Launch of innovative Quantum RootKey product in Q1 2025
  • Strategic expansion into quantum-resistant security market
  • Establishment of new Quantum Lab through SEALSQ subsidiary
  • Implementation of NIST-standardized PQC algorithms
  • Diversified application across multiple high-value sectors
Negative
  • Product revenue impact and market adoption rates unknown
  • Significant R&D investment required for quantum computing security
  • Potential competition from other quantum security solutions

Insights

The development of a Quantum RootKey represents a significant strategic pivot for WISeKey in the cybersecurity space. The implementation of NIST-standardized PQC algorithms like CRYSTALS-Dilithium and FALCON positions the company ahead of the quantum threat curve. The hardware-based security approach using HSMs and TPMs adds a important physical security layer that differentiates this solution from purely software-based alternatives.

The launch of the SEALSQ Quantum Lab creates a new revenue stream through the PQC-PKI platform licensing while establishing WISeKey as a thought leader in quantum-safe security. The broad application potential across IoT, government, financial services, healthcare and telecommunications sectors significantly expands the company's total addressable market. However, the Q1 2025 timeline suggests a lengthy development period, during which competitors may emerge with similar solutions.

The quantum computing security market is projected to grow exponentially as organizations prepare for quantum threats. WISeKey's early positioning in this space, particularly through its SEALSQ subsidiary, could capture significant market share. The company's existing relationships in IoT and cybersecurity provide a ready customer base for quantum-safe solutions.

The collaboration with OISTE.ORG Foundation adds credibility and may facilitate faster adoption among institutional clients. However, WISeKey's relatively small market cap of $117.5M raises questions about its ability to compete with larger cybersecurity players who may enter this space. The success of this initiative will largely depend on execution and the ability to convert technological advantages into commercial wins before the 2025 launch.

WISeKey to Launch Next Generation of Quantum RootKey in Q1 2025

Geneva, Switzerland – December 18, 2024 – WISeKey International Holding Ltd (“WISeKey” or the “Company”) (NASDAQ: WKEY; SIX: WIHN), a global leader in cybersecurity, AI, blockchain, and IoT technologies, in collaboration with the OISTE.ORG Foundation, is developing the next generation of Quantum Root of Trust (“Quantum RootKey”), an advanced cryptographic solution designed to secure digital identities, systems, and communications against the imminent threat posed by quantum computing. Launch of the Quantum RootKey is expected as early as Q1 2025.

The Quantum RootKey employs Post-Quantum Cryptography (PQC) algorithms to protect against the vulnerabilities of traditional encryption methods like RSA and ECC, which can be broken by quantum computers. By leveraging algorithms such as CRYSTALS-Dilithium and FALCON, the Quantum RootKey ensures that encryption remains secure even as quantum computing evolves.

At the core of this solution is the OISTE/WISeKey Root of Trust (RoT) and advanced Post-Quantum-Cryptography PKI platform (PQC-PKI), which provides a secure cryptographic anchor for storing and managing private keys. All cryptographic operations occur within a protected hardware environment, such as Hardware Security Modules (HSMs), Trusted Platform Modules (TPMs), or specialized secure chips. This hardware-based implementation guards against physical and side-channel attacks.

The OISTE/WISeKey PQC-PKI facilitates secure key generation, authentication, and encryption processes. It generates quantum-resistant key pairs, securely stores private keys, and uses these keys to authenticate users, devices, and communications. By integrating with Public Key Infrastructure (PKI) systems, the Quantum RootKey supports the issuance and management of quantum-safe digital certificates. Additionally, it ensures the integrity of firmware updates and data transfers by providing robust protection against tampering.

WISeKey, through its semiconductor subsidiary SEALSQ Corp (NASDAQ: LAES) ("SEALSQ"), is also launching a new “Quantum Lab” that makes its PQC-PKI platform available to companies and researchers, enabling the issuance of quantum-resistant digital certificates for evaluation and pilot projects. The new “SEALSQ Quantum Lab” aims to be a reference information point for companies seeking awareness and experience in these new technologies.

Technological Advantages:

  • Quantum-Resistant Algorithms: CRYSTALS-Dilithium, CRYSTALS-Kyber, FALCON and other NIST-standardized PQC algorithms ensure security against quantum attacks.
  • Secure Hardware Integration: Embeds cryptographic functions in HSMs, TPMs, and secure microcontrollers to protect against physical and side-channel attacks.
  • Identity Verification: Enables secure authentication for people, applications and IoT devices, secure communications, financial transactions, and more.
  • Long-Term Protection: Future-proof encryption designed to withstand advances in quantum computing for data that is encrypted today and must remain protected for years to come.

Use Cases:

  • IoT Security: Authentication and secure communication for billions of connected devices.
  • Government and Defense: Protection of classified data and secure communication channels.
  • Financial Services: Quantum-safe protection for transactions and sensitive financial data.
  • Healthcare: Ensures patient data confidentiality and secure medical communication.
  • Telecommunications: Secures network infrastructure with quantum-resistant encryption.

Carlos Moreira, Founder and CEO of WISeKey, commented, "Quantum computing is set to redefine cybersecurity. Our Quantum RootKey and new PQC-PKI ensure that digital identities and communications remain secure in the face of these changes. Our collaboration with the OISTE.ORG Foundation reinforces our mission to create a secure and privacy-centric digital world.”

With this initiative, WISeKey and OISTE.ORG are at the forefront of developing innovative solutions to address the cybersecurity challenges of a post-quantum era.

About WISeKey

WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please 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 the Swiss Financial Services Act (“FinSA”), the FinSa's predecessor legislation or advertising within the meaning of the FinSA. 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.

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) 
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +1 212 836-9612 / kmurphy@equityny.com

FAQ

When will WISeKey (WKEY) launch its Quantum RootKey product?

WISeKey plans to launch its Quantum RootKey product in Q1 2025.

What encryption algorithms does WISeKey's Quantum RootKey use?

The Quantum RootKey uses Post-Quantum Cryptography (PQC) algorithms including CRYSTALS-Dilithium and FALCON.

What industries will WISeKey's Quantum RootKey target?

The Quantum RootKey targets IoT Security, Government and Defense, Financial Services, Healthcare, and Telecommunications sectors.

What is SEALSQ's Quantum Lab initiative by WISeKey?

SEALSQ's Quantum Lab is a new initiative making WISeKey's PQC-PKI platform available for companies and researchers to evaluate and conduct pilot projects.

How does WISeKey's Quantum RootKey protect against quantum computing threats?

It uses quantum-resistant algorithms and hardware-based implementation through HSMs, TPMs, and specialized secure chips to protect against physical and side-channel attacks.

WISeKey International Holding AG American Depositary Shares

NASDAQ:WKEY

WKEY Rankings

WKEY Latest News

WKEY Stock Data

117.48M
9.79M
0.89%
0.25%
Semiconductors
Technology
Link
United States of America
Zug