Geneva, Switzerland, Aug. 14, 2024 (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, announces its bold entry into the AI chip market, underscored by its visionary AIoT (Artificial Intelligence for Internet of Things) strategy, which seamlessly merges the power of AI with the expansive potential of IoT technologies. This move positions SEALSQ at the cutting e ...

Geneva, Switzerland, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Following the design phase and production, and test of the first proof-of-concept, the QS7001 engineering samples are being produced and expected to be ready to order as soon as Q4 2024, while the TPM version should be ready by end of year-end; in discussions with large electronic manufacturers to develop custom quantum-resistant chips. SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, P ...

Geneva, Switzerland, Aug. 07, 2024 (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 on August 1, 2024, it received a notice (the "Notice") from The Nasdaq Stock Market, LLC ("Nasdaq"), stating that the Company's ordinary shares, par value US$0.01 per ordinary share (the "Ordinary Shares"), fail to comply with the $1.00 minimum bid price ...

Geneva, Switzerland, Aug. 07, 2024 (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 on August 1, 2024, it received a notice (the "Notice") from The Nasdaq Stock Market, LLC ("Nasdaq"), stating that the Company's ordinary shares, par value US$0.01 per ordinary share (the "Ordinary Shares"), fail to comply with the $1.00 minimum bid price ...

Geneva and Zug, Switzerland – August 6, 2024 – WISeKey International Holding Ltd (("WISeKey", SIX: WIHN, NASDAQ:WKEY), a leading global cybersecurity and IoT company operating as a holding company, today announced the renewal of the WebTrust seal of assurance by meeting all audit requirements for its OISTE/WISeKey Trust Model and certification services. The WebTrust for Certification Authorities program, initially developed to boost consumer confidence in ecommerce and PKI technology, is now managed by Char ...

Geneva, Switzerland, Aug. 05, 2024 (GLOBE NEWSWIRE) -- For more information see this video presentation: https://youtu.be/daOvoOxqGvQ WISeKey International Holding Ltd. ("WISeKey" or the "Company") (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company operating as a holding company, today announced the successful execution of its groundbreaking Proof of Concept (PoC) for Transactional-IoT (t-IoT) technology codenamed Project SEALCOIN. This milestone marks a significant step forward in th ...

From 2004 to 2010, Mr. Miyahata was Senior Account Manager for Freescale Semiconductor Japan Ltd., a multinational corporation headquartered in Austin, Texas, with operations in more than 75 locations across 19 countries. He successfully managed relationships with mobile operators, to build 4G networks. Before that, he was the Open Multimedia Applications Platform (OMAP) Marketing Manager for Texas Instruments, where he managed OMAP Application Processor projects at key mobile phone makers in Japan. From 19 ...

Geneva, Switzerland / Tokyo, Japan, July 26, 2024 (GLOBE NEWSWIRE) -- SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a leader in developing and selling semiconductors, PKI, and post-quantum technology hardware and software products, today announces the appointment of Katsu Miyahata as the new Sales Director and Representative Director for Japan. Mr Miyahata, who joined SEALSQ in June 2023 as a Sales Representative for Japan, having previously worked for WISeKey, has now assumed responsibility for the C ...

The new business pipeline is expected to positively impact revenues as early as Q2 2025. In addition to its solid cash position, the Company has converted the entire first tranche and 90% of the second tranche of the Convertible Loan Notes issued in 2023, and reduced debt to related parties by $5 million during H1 2024. Overall, SEALSQ remains well-positioned to pursue long-term value for shareholders. 1. Quantum-Resistant Semiconductor Sales: With the growing demand for secure IoT devices, SEALSQ's post-qu ...

Core Viewpoint - The company anticipates a stronger second half of 2024 and a return to growth in 2025, driven by the resolution of supply chain and inventory issues, alongside a robust new business pipeline valued at $71 million for next-generation semiconductors expected in 2025 [1][2]. Financial Highlights and Business Pipeline - Preliminary unaudited revenue for H1 2024 is approximately $5 million, reflecting a temporary slowdown due to excess component inventories and deferred orders from legacy customers [15]. - The company has a strong cash position of $19 million, which is sufficient to support operations during the current slowdown and fund the development of its Post-Quantum chip [16]. - The new business pipeline is expected to positively impact revenues as early as Q2 2025 [2]. Product Development and Launches - SEALSQ plans to launch its new range of Quantum Resistant chips, including the QS7001 and QVault TPM, by Q4 2024, with engineering samples available for order by the same period [3]. - The QS7001 will allow customers to develop and load their own firmware, while the QVault TPM will feature a pre-provisioned Trusted Platform Module stack [3]. Strategic Partnerships and Initiatives - The company has initiated discussions with large electronic manufacturers to develop custom quantum-resistant chips, creating new business opportunities [4]. - SEALSQ is in negotiations with the Spanish government to establish a high-performance cybersecurity chip design center, collaborating with WISeKey, Odin, and TProtege [5]. - The company aims to develop an OSAT facility in the United States, focusing on semiconductor technologies, including post-quantum cryptography and AI [6]. Market Outlook and Growth Projections - Governments, including the US and EU, are establishing incentives to enhance supply chain resilience, which aligns with SEALSQ's expanded operations [7]. - The company is strategically positioned to convert new initiatives into substantial revenue streams over the next five years, particularly in the expanding IoT market [21]. - Significant sales growth for SEALSQ's post-quantum chips is anticipated starting in 2025 as they enter full-scale production [10].