WISeKey WISeID Cloud Storage now can be used to securely store confidential documents in a personal cloud and share with other WISeID users removing risks for eavesdropping and privacy loss

Rhea-AI Summary

WISeKey International Holding Ltd (NASDAQ: WKEY) has launched its WISeID Cloud Storage service, designed for secure storage and sharing of confidential documents. This service utilizes Swiss technologies and offers a free trial, transitioning into a freemium model for users. It provides robust security features, including certificate-based digital IDs and multipoint verification methods. In addition to individual users, the service targets selected businesses. The platform is accessible via web, mobile, and desktop applications.

Positive

• Launch of WISeID Cloud Storage enhances service offerings.
• Freemium model attracts users with a free trial option.
• Strong security features position company favorably in cybersecurity market.

Negative

• None.

WISeKey WISeID Cloud Storage now can be used to securely store confidential documents in a personal cloud and share with other WISeID users removing risks for eavesdropping and privacy loss

Free trial of the cloud service is available at https://cloud.wiseid.com/

The WISeID Cloud Storage service will be initially offered in a B2C model as a freemium service, where users can benefit from a free trial service and then given the choice to purchase permanent storage with secure backup and other advantages through an annual subscription. The service will be also offered to selected companies in a B2B model.

Geneva, Switzerland – July 1, 2021 - WISeKey International Holding Ltd (“WISeKey” SIX: WIHN, NASDAQ: WKEY), a leading Swiss cybersecurity, AI and IoT company, announced today that its WISeID Cloud Storage, a cloud-based trusted digital signatures service representing a new generation of digital signatures that work across desktop, mobile, and the web meets the highest levels of compliance and assurance for signer authentication. Each signer is issued a certificate-based digital ID by WISeKey Trust Service Provider. When signing a document, the WISeID is used with a personal PIN and other verification steps to prove the signer's identity. This new feature of WISeID Cloud Storage service enables users to keep a protected file storage in the cloud, in servers secured by WISeKey’s Swiss technologies. WISeID Cloud Storage can be used to store confidential documents in a personal cloud safe area and securely share with other WISeID users, removing risks for eavesdropping and privacy loss. WISeID Cloud Storage facilitates ubiquitous access to users’ personal files through multiple secure interfaces, like web browser, mobile applications for iOS and Android devices and desktop applications for Windows, Mac and Linux. Being part of the WISeID ecosystem, the service will soon be enhanced with digital signatures and other security features.

The WISeID Cloud Storage service will be initially offered in a B2C model as a freemium service, where users can benefit from a free trial service and then given the choice to purchase permanent storage with secure backup and other advantages through an annual subscription. The service will be also offered to selected companies in a B2B model.

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. WISeID provides 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. The WISeID web services and Mobile Applications are available for download and use. 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 1.5 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.

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 WISeID Cloud Storage service by WKEY?

WISeID Cloud Storage is a secure cloud service for storing and sharing confidential documents, launched by WISeKey (NASDAQ: WKEY).

How does WISeID Cloud Storage ensure document security?

WISeID Cloud Storage utilizes Swiss technologies, certificate-based digital IDs, and PIN verification to secure user documents.

What subscription options are available for WISeID Cloud Storage?

WISeID Cloud Storage offers a free trial followed by a freemium model that allows users to purchase permanent storage through an annual subscription.

When was the WISeID Cloud Storage service launched?

The WISeID Cloud Storage service was launched on July 1, 2021.

Is WISeID Cloud Storage available for businesses?

Yes, WISeID Cloud Storage is offered to selected companies in a B2B model.