Geneva, Switzerland, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Schedules Conference Call and Webcast for Thursday, September 26 at 9:00 am ET (3:00 pm CET) Strategic initiatives include launch of Quantum-Resistant Secure Chips and partnerships to establish several OSAT Chip Design and Customization Centers. Despite temporary slowdown in H1 2024, SEALSQ expects an improved performance in H2 2024 and return to growth in 2025. Expected growth supported by $2.4 million investments made during H1 2024 in research and d ...

Geneva, Switzerland, Sept. 20, 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 the integration of Internet of Payment (IoP) capabilities into its next-generation IoT-enabled semiconductor solutions. This bold step positions SEALSQ at the forefront of a digital revolution, where connected devices transcend their traditional roles, morphi ...

Core Insights - SEALSQ Corp is launching advanced digital crypto wallet features to protect against quantum computing threats, including a converged eSIM solution that integrates secure elements and NFC connectivity [1][4] - The company is addressing concerns in the crypto community regarding quantum technology's potential to crack cryptographic systems, enhancing the resilience of critical seed phrases [2] - SEALSQ is at the forefront of quantum-proof cryptography research, focusing on robust security measures to ensure the integrity of cryptocurrency transactions [3][7] eSIM Solution - SEALSQ is pioneering advancements in the mobile wallet ecosystem with a converged eSIM solution that combines an embedded secure element, eUICC, and certified NFC connectivity [4] - This innovation facilitates the adoption of eSIM technology, enabling developers to create secure and seamless connectivity solutions [4] Merging PKI Signatures With Biometric Authentication - The company is collaborating with the Hedera blockchain to integrate PKI signatures with biometric authentication, aiming to enhance crypto security [5] - This initiative seeks to eliminate reliance on manually managed seed phrases by linking seed phrase generation to users' biometric signatures, improving both security and user convenience [5] Developing Next-Generation Semiconductors - SEALSQ is committed to developing next-generation semiconductors designed to enhance security, identification, and data processing capabilities [6] - The demand for post-quantum technologies is increasing across various sectors, including fintech, defense, and space exploration, driven by government initiatives and industry needs [6] Diverse Portfolio - SEALSQ's portfolio includes secure semiconductors, cryptographic keys, and hardware security modules, demonstrating its commitment to cutting-edge technology and security [7] - As quantum computing advances, SEALSQ aims to provide the secure infrastructure necessary to protect the digital ecosystem [7]

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].

Core Insights - SEALSQ's RISC-V chips are projected to capture nearly 25% of the global market share by 2030, driven by increasing demand for Edge-AI and machine learning applications [1] - The company is recognized as a leader in high-performance RISC-V Edge-AI processors and secure microcontrollers, leveraging open-standard technology to meet the evolving demands of the microchip industry [19] Market Dynamics - The RISC-V market is expected to grow at a CAGR of 73.6% through 2027, leading to the production of approximately 25 billion AI chips and generating $291 billion in revenue [15] - The secure microcontroller market is projected to reach $2.2 billion by 2026, fueled by demand from utilities, industrial IoT, smart cities, and buildings [20] Technological Innovations - SEALSQ's RISC-V technology allows for highly customizable processor designs, optimizing performance and energy efficiency for specific tasks [5][6] - The company has developed a RISC-V post-quantum test chip that meets high security standards and can run quantum-resistant cryptographic algorithms, with commercial sampling expected to begin in late 2024 [20] Strategic Developments - SEALSQ plans to release its first engineering samples of RISC-V technology in late 2024, with production certification anticipated in Q3 2025 [9][18] - The integration of 25 years of experience in countermeasures against side-channel attacks positions SEALSQ as a strong contender for entities seeking high-performance RISC-V Edge-AI processors [2]

WISeKey Announces the Establishment of SEALCOIN AG Subsidiary "We have concluded that the operations of the SEALCOIN project will be best fit under SEALCOIN AG as a new WISeKey subsidiary moving forward," noted Carlos Moreira, CEO of WISeKey. "This decision allows the project to not only leverage SEALSQ's expertise in the semiconductor and PKI space, but to capitalize on the extensive cybersecurity expertise of WISeKey. We look forward to the launch of the SEALCOIN platform and tokens, and to the revolution ...

WISeKey Subsidiary WISeSat.Space to Bring Blockchain to Space for Improved Satellite Services Will test the node operations from the new WISeSat Satellite to be launched with SpaceX at Vandenberg Space Force Base in October this year. By using blockchain technology, WISeSat.Space is set to make satellite operations more reliable and accessible. For example, one of the key uses of blockchain in satellite operations is smart contracts. These are selfexecuting agreements where the terms are written into code a ...

For more information on WISeKey's strategic direction and its subsidiary companies, please visit www.wisekey.com. WISeKey Shareholders Approved All Agenda Items of the 2024 Annual General Meeting Among other things, shareholders re-elected Carlos Moreira, Peter Ward, María Pía Aqueveque Jabbaz, David Fergusson and Jean-Philippe Ladisa as members of the Board of Directors, and elected Philippe Doubre, Philippe Monnier and John O'Hara as new members of the Board of Directors. Shareholders also re-elected Carl ...

WISeKey subsidiary WISeSat.Space Announces Developments in Secure IoT Connectivity and Climate Monitoring with European Satellite Independence and Strategic Military Collaboration Geneva, Switzerland – June 26, 2024: WISeKey International Holding Ltd. ("WISeKey") ((SIX: WIHN, NASDAQ:WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that its subsidiary WISeSat.Space ("Company") is at the forefront of utilizing low-orbit satellites for secure ...

SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com About SEALSQ Forward-Looking Statements SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / lcati@equityny.com Katie Murphy Tel: +212 836-9612 / kmurphy@equityny.com For more information on the Northland Growth Conference or to schedule a meeting with SEALSQ, please contact your Northland Representative or The Equity Group. Post-Quantum Cryptography (PQC) refers to cryptographic methods that are ...