laesv - LAESV STOCK NEWS

SEALSQ Corp (NASDAQ: LAES) is leveraging ultra-secure data centers in Switzerland to store and process vast amounts of IoT data generated by its sensors and semiconductors. This move aligns with Switzerland's push towards digital sovereignty and the development of the Swiss Government Cloud. SEALSQ is utilizing AI-driven techniques like machine learning and computer vision to analyze data streams, providing businesses with insights for optimizing operations and enhancing decision-making.

The company's approach integrates with Switzerland's reputation for digital trust and privacy, making it an ideal location for processing sensitive IoT data. This initiative supports the Swiss Confederation's vision for a secure digital landscape and positions SEALSQ as a leader in IoT data security, offering solutions that meet current demands and are future-proof in design.

SEALSQ Corp (NASDAQ: LAES) is actively supporting the adoption of eSIM specifications and remote SIM provisioning in the telecommunications industry. The company's comprehensive offering streamlines processes for eUICC manufacturers and SM-DP+/SM-DS service providers, enabling faster time to market through simplified design processes for acquiring GSMA PKI Certificates.

SEALSQ's solutions offer swift access to certificates complying with the latest SGP.22 v3.0 and SGP.14 v2.1 standards, accessible through their managed 'PKI as a Service' platform, INeS. This approach eliminates the need for significant hardware infrastructure investments, accelerating time to market, providing flexible deployment options, and simplifying certificate management.

SEALSQ Corp (NASDAQ: LAES) is strengthening its position in the Autonomous Aerial Vehicles (AAVs) market through partnerships with major drone manufacturers. The company's NIST FIPS 140-2 and 140-3 compliant and Common Criteria EAL5+ certified semiconductors are being adopted to protect autonomous systems from cyber threats.

Key partnerships include:

• Parrot: Integrating SEALSQ's semiconductors in ANAFI Ai and SKYCONTROLLER 4 models
• AgEagle: Incorporating SEALSQ's technology into eBee VISION UAS for defense applications

The global commercial drone market is projected to reach $38 billion by 2027, growing at a CAGR of 7.9%. SEALSQ is also testing satellite-to-drone communication systems secured by its semiconductors, aiming to increase drone coverage and control using WISeKey's satellite network.

SEALSQ Corp (NASDAQ: LAES) has introduced the QS7001, a cutting-edge RISC-V secure hardware platform designed for IoT security in the post-quantum era. This groundbreaking platform incorporates NIST's recommended quantum-resistant algorithms, Kyber and Dilithium, to protect against quantum-enabled breaches. The QS7001 is certified to Common Criteria EAL5+ and compliant with FIPS SP800-90B, meeting high standards of reliability and security.

As quantum computing threatens traditional encryption methods, SEALSQ's innovation positions the company at the forefront of the transition to post-quantum security solutions. The platform aims to safeguard critical data and infrastructure across sectors such as healthcare, finance, and critical infrastructure, providing defense against 'harvest now, decrypt later' threats.

SEALSQ Corp (NASDAQ: LAES) has announced its strategic entry into the AI chip market with its innovative AIoT (Artificial Intelligence for Internet of Things) strategy. This approach combines AI with IoT technologies, positioning SEALSQ at the forefront of technological innovation. The company's strategy integrates advanced semiconductors, smart sensors, AI technologies, and a comprehensive data cloud to create a holistic platform for digital transformation.

Key aspects of SEALSQ's strategy include:

• Embedding AI into core infrastructure components
• Developing specialized APIs for interoperability
• Implementing a Moonshot Development Plan to integrate post-quantum chips by 2028
• Aiming for a 50x improvement in AI training and inferencing times
• Ensuring 99.999% quantum-resistant security for AI operations
• Integrating SEALSQ chips into 70% of AI-driven technologies

The company's vision extends to revolutionizing AI's capabilities and ensuring ultra-security in a post-quantum era, potentially reshaping industries and driving digital transformation.

SEALSQ Corp (NASDAQ: LAES) is at the forefront of the transition from digitalization to robotization with its advanced post-quantum chips. The company's QS7001 engineering samples are expected to be ready for order by Q4 2024, with a TPM version available by year-end. SEALSQ is in talks with major electronic manufacturers to develop custom quantum-resistant chips.

These chips offer CC EAL 5+ certified security optimized for quantum-resistant algorithms, addressing critical security needs in the robotics industry. They enhance automation capabilities, enabling more sophisticated tasks and real-time decision-making in robotic systems. SEALSQ's diverse customer base includes industry leaders like CISCO, AB Circle , and Medtronic, highlighting the versatility of their semiconductor technology across various sectors.

SEALSQ Corp (NASDAQ: LAES), a company focused on semiconductors, PKI, and post-quantum technology, has received a Nasdaq notification regarding minimum bid price deficiency. The company's ordinary shares failed to maintain the required $1.00 minimum bid price for the last 30 consecutive business days. SEALSQ has been given an initial compliance period until January 28, 2025, to regain compliance by having its closing bid price at $1.00 or above for at least 10 consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day compliance period. Failure to meet requirements could result in delisting, subject to appeal. SEALSQ intends to monitor the situation and consider available options to resolve the noncompliance.

SEALSQ Corp (NASDAQ: LAES) has appointed Katsu Miyahata as the new Sales Director and Representative Director for Japan. With over 30 years of experience in IoT, semiconductors, and high-tech industries, Miyahata will lead the company's expansion of IoT Security and Brand Enhancement operations in Japan. SEALSQ aims to capitalize on Japan's cybersecurity strategy and growing IoT market, targeting sectors such as industrial, consumer, and medical applications.

The company has been actively participating in various electronic and security exhibitions in Japan throughout 2024. As a member of the Wi-Sun Alliance and a founding member of the CSA Japan Interest Group, SEALSQ is well-positioned to address the country's IoT security needs. With Matter certification and a focus on secure hardware solutions, SEALSQ is targeting Japan's substantial semiconductor market and the growing demand for smart home technologies.

SEALSQ Corp (NASDAQ: LAES) reports progress on strategic initiatives in H1 2024, despite a temporary slowdown. Key highlights include:

1. H1 2024 unaudited revenue of ~$5 million, with expectations for a stronger H2 and growth in 2025.
2. New business pipeline valued at $71 million.
3. Strong cash position of $19 million.
4. Launch of Quantum-Resistant Secure Chips (QS7001 and QVault TPM) by Q4 2024.
5. Strategic partnerships for custom quantum-resistant chips.
6. Negotiations for semiconductor design and customization centers in Spain, USA, Middle East, and Far East.
7. Root Certificate Authority approval for Matter device attestation.

SEALSQ anticipates growth in Matter certification, SSL certificate injection services, and alignment with new IoT security standards. The company is positioned to leverage the expanding IoT market and convert initiatives into revenue streams over the next five years.