Riyadh, Saudi Arabia, Jan. 13, 2025 (GLOBE NEWSWIRE) --   SEALSQ Corp (NASDAQ:LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that in partnership with its parent company, WISeKey International Holding ("WISeKey") ((SIX: WIHN, NASDAQ:WKEY), is scaling its presence in Saudi Arabia to support the Kingdom's digital transformation and cybersecurity advancements. Through their joint venture, WISeKey Arabia, i ...

Geneva, Switzerland, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Event to be held on January 22, 2025 in DavosAdditional information and registration can be found at https://www.wisekey.com/davos25/quantumpanel/ SEALSQ Corp (NASDAQ:LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, in collaboration with its parent company WISeKey International Holding Ltd ("WISeKey"), to organize a thought-provoking roundtable on January 22, 2025 i ...

Generative AI and Quantum Computing - Generative AI is redefining creativity and automation but also introduces vulnerabilities, as it can both enhance cybersecurity and be exploited for cyberattacks [1] - The fusion of quantum computing and generative AI promises groundbreaking advancements in healthcare, finance, and climate science, but also amplifies risks such as quantum-resistant malware and deepfake cyber tools [2] - Quantum computing's unparalleled processing capabilities threaten current encryption systems, making post-quantum cryptography (PQC) solutions essential for data security [5] Post-Quantum Cryptography (PQC) and SEALSQ - SEALSQ is a pioneer in post-quantum cryptography, providing end-to-end encryption and data protection to ensure a seamless transition to a quantum-safe era [4] - PQC refers to cryptographic methods secure against quantum computer attacks, aiming to replace current methods like RSA and ECC that may become obsolete [15] - SEALSQ focuses on integrated solutions based on semiconductors, PKI, and post-quantum technology hardware and software, applicable in various industries including healthcare, automotive, and industrial automation [13][14] WISeKey and Its Subsidiaries - WISeKey secures digital identity ecosystems using Blockchain, AI, and IoT technologies, with over 1.6 billion microchips deployed across IoT sectors [9] - WISeKey's subsidiaries include SEALSQ Corp (semiconductors and post-quantum technology), WISeKey SA (secure authentication), WISeSat AG (satellite communication), WISe.ART Corp (blockchain NFTs), and SEALCOIN AG (decentralized physical internet) [11] Davos Roundtable Event - SEALSQ Corp, in collaboration with WISeKey, is organizing a roundtable on January 22, 2025, in Davos, focusing on "Cybersecurity in a Post-Quantum AI Era" [6] - The event will address critical questions such as securing data against quantum threats, the role of AI in defense, and balancing innovation with security [8] - Distinguished speakers include Carlos Creus Moreira (WISeKey), Grant Bourzikas (Cloudflare), and Mark Hughes (IBM Consulting Cybersecurity Services) [10]

Geneva, Switzerland, Jan. 08, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that the post-quantum cryptography (PQC) market is poised for rapid growth as enterprises and governments urgently seek solutions to protect critical infrastructure from future quantum threats. PQC companies like SEALSQ and its parent company, WISeKey International Holding Ltd (“W ...

Geneva, Switzerland, Jan. 08, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ:LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that it has commenced the distribution of its secure chips online through the DigiKey Marketplace: https://www.digikey.com/en/supplier-centers/sealsq. DigiKey is one of the world's most prominent distributors of electronic components, offering millions of pro ...

Geneva, Switzerland, Jan. 07, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ:LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that in cooperation with WISeSat AG ("WISeSat"), both subsidiaries of WISeKey International Holding Ltd (NASDAQ:WKEY, SIX: WIHN)), will launch six next-generation satellites in 2025. Each satellite will feature incremental advancements in post-quantum cryptography and secure commun ...

Geneva, Switzerland, Jan. 06, 2025 (GLOBE NEWSWIRE) -- This multi-year, multi-million-dollar agreement, positions SEALSQ as a key contributor to one of the world’s most ambitious smart grid initiatives Collaboration includes leading energy and technology stakeholders such as the Data Communications Company (DCC), Landis+Gyr, Calisen, Toshiba, and Vodafone SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company specializing in Semiconductors, PKI, and Post-Quantum technology hardware and software prod ...

Geneva, Switzerland, Jan. 03, 2025 (GLOBE NEWSWIRE) -- SEALSQ Corp (NASDAQ:LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that during the 2025 CES Show, to be held at the Las Vegas Convention Center from January 7-10, 2025, will present the technology behind its cutting-edge semiconductors. Designed to enhance secure and efficient IoT communications, these innovations highlight ...

Financial Position - The company expects to end the year with a strong balance sheet and a cash position projected to exceed $85 million by January 3, 2025 [1] - The company recently raised gross proceeds of $60 million through multiple registered direct offerings, including a $10 million offering announced on December 12, 2024, and an additional $50 million raised through two subsequent offerings completed in December 2024 [21] - The company's total ordinary shares outstanding reached 93.8 million, and its market capitalization surpassed $700 million as of December 30, 2024 [21] Compliance and Financial Structure - The company regained compliance with Nasdaq's minimum bid price requirement, with its closing bid price being at least $1.00 for at least 10 consecutive business days prior to the January 28, 2025 deadline [2][5] - Legacy financing tools have been phased out, reflecting the company's strengthened financial position [5] - The company has successfully fulfilled its outstanding warrant obligations and will no longer be required to enter into a convertible loan facility, solidifying its balance sheet and supporting its long-term growth strategy [9][10] Strategic Initiatives - The company is focusing on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors to address the security challenges posed by quantum computing [4] - The net proceeds from recent transactions will be used to accelerate the deployment of post-quantum semiconductor technology and Application-Specific Integrated Circuit (ASIC) capabilities in the U.S., while also supporting general corporate objectives [3] - The company is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across various applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems [12] Warrant and Financing Details - The company agreed with the holders of its outstanding warrants to a one-off reduction in exercise price to $1.65 on the condition that all outstanding warrants are exercised by January 3, 2025 [17] - The first registered direct offering included a requirement to enter into a convertible loan for a value of $10 million on or before January 16, 2025, with potential adjustments to the warrant exercise price and quantity if the requirement was not met [14] - The company does not currently expect to enter into any further registered direct offering of ordinary shares for at least 60 days following the December 19, 2024 announcement, due to the financings raised [11]

Geneva, Switzerland, Dec. 30, 2024 (GLOBE NEWSWIRE) -- SEALSQ and WISeSat Unite to Build Next-Generation Secure Satellite Constellation with Satellite-as-a-Service (SataaS) Model Less Than Two Weeks to the Launch of the Next-Generation WISeSat Satellite Equipped with SEALSQ Semiconductors Geneva, Switzerland — December 30, 2024 -- SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software produc ...