Core Insights - WISeSat.Space has established a new subsidiary, WISeSat España, in La Línea de la Concepción, Andalusia, to spearhead European space projects and create a fully European solution aligned with the IRIS² strategy [1][4][6] Group 1: Strategic Location and Initiatives - La Línea de la Concepción is chosen for its geostrategic position between Europe and Africa, aiming to become a hub for technological innovation [2] - WISeSat España will be a foundational element of the LL4GIR.COM initiative, which seeks to create a Center for the Fourth Industrial Revolution in southern Europe, focusing on AI, quantum computing, blockchain, IoT, and space connectivity [3] Group 2: Technological Sovereignty and Innovation - The subsidiary aims to establish a 100% European space value chain, emphasizing technological sovereignty, security, sustainability, and autonomous access to space [4] - The proposed model promotes decentralized innovation, creating a network of European technological nodes that prioritize transparency, interoperability, resilience, and sovereign control [5] Group 3: Partnerships and Collaborations - WISeSat is collaborating with FOSSA Systems for manufacturing secure nanosatellites and with PLD Space for launching satellites, with the first launch scheduled for early 2026 [7] - Strategic partnerships with QuantixS and SEALSQ focus on developing post-quantum processors for ultra-secure communications [7] Group 4: Operational Developments - A satellite antenna has been installed in La Línea's City Hall, enabling direct connections with WISeSat satellites in orbit [7] - The company is integrating WISeTalkie radio communication technology to enhance security in communications [7] Group 5: Future Innovations - By the end of 2025, WISeSat satellites will facilitate transactions using SEALCOIN tokens, creating a secure mesh network for machine-to-machine transactions [10] - The KYO protocol will ensure reliable identity and accountability within the ecosystem [10] Group 6: Invitation for Collaboration - WISeSat España is inviting governments, universities, R&D centers, investors, and technology companies to collaborate in building a new paradigm of smart economic development [12]

Core Viewpoint - SEALSQ Corp has announced a strategic collaboration with IC'ALPS to enhance automotive safety and security through the development of Application-Specific Integrated Circuits (ASICs) that integrate post-quantum cryptography and functional safety mechanisms [1][9]. Company Overview - SEALSQ Corp focuses on developing and selling semiconductor, PKI, and post-quantum technology hardware and software products, with applications across various sectors including automotive, industrial automation, and healthcare [11]. - IC'ALPS specializes in custom integrated circuits and has a proven track record in automotive applications, particularly in power management ICs and functional safety [2][10]. Strategic Collaboration - The partnership aims to redefine automotive safety by integrating SEALSQ's post-quantum secure technology into IC'ALPS' automotive ASIC designs, ensuring compliance with ISO 26262 standards [4][5]. - SEALSQ is in exclusive negotiations to acquire 100% of IC'ALPS, pending due diligence and regulatory approvals [1]. Industry Context - Modern vehicles contain over 1,400 semiconductor components, with electronics accounting for over 40% of a vehicle's cost, a significant increase from 18% in the early 2000s [3]. - As vehicles become more autonomous and connected, the demand for ASICs that guarantee safety, reliability, and compliance with rigorous standards is increasing [3]. Technical Advancements - The collaboration will enable the development of ASICs designed for functional safety, incorporating robust cryptographic resistance against quantum threats [4][6]. - ASICs will consolidate multiple functions into a single chip, improving reliability and system efficiency while ensuring compliance with technical safety requirements [5][6]. Challenges and Solutions - The development of automotive ASICs requires close collaboration between IC designers and system architects to translate Automotive Safety Integrity Level (ASIL) requirements into chip-level safety mechanisms [7]. - IC'ALPS and SEALSQ are co-developing methodologies to ensure safety goals are traceable and measurable, supported by IC'ALPS' expertise in application-level validation [7][8]. Future Vision - The partnership is positioned to shape the future of automotive security by embedding post-quantum cryptography and functional safety directly into automotive ASICs, paving the way for smarter and safer electric, connected, and autonomous vehicles [9].

Geneva, Switzerland, March 28, 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 announces a strategic collaboration with IC'ALPS, a premier ASIC design house specializing in custom integrated circuits ready for IATF16949 standard, mastering Functional Safety for ISO 26262 with solutions tailored to meet the required ASIL levels. Of note, as ann ...

Core Viewpoint - SEALSQ Corp is advancing its QS7001 Chip, designed to enhance blockchain security against quantum computing threats, with a release planned for Q4 2025 [1][8] Company Overview - SEALSQ Corp specializes in developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [1][9] - The company is focused on creating quantum-resistant cryptographic solutions to address security challenges posed by advancements in quantum computing [9][10] Product Details - The QS7001 Chip utilizes NIST-compliant post-quantum cryptographic algorithms, including CRYSTALS-Kyber and CRYSTALS-Dilithium, to ensure data integrity across digital ecosystems [2][3] - Key features of the QS7001 Chip include quantum-resistant cryptography, tamper-resistant hardware, and seamless integration with existing blockchain platforms [7][8] Industry Context - As blockchain adoption increases in sectors like financial services and identity management, the demand for quantum-secure infrastructure is becoming critical [3] - The chip addresses the "harvest now, decrypt later" strategy employed by adversaries, which poses a significant risk to current blockchain security [6] Strategic Collaborations - SEALSQ is collaborating with Hedera to integrate the QS7001 Chip into its ecosystem, enhancing transaction authentication and network security [4] - The company is also working with WeCan to embed post-quantum security features into its digital identity and asset infrastructure [5] Future Implications - The introduction of the QS7001 Chip represents a significant step towards securing digital ecosystems for the post-quantum era, setting new standards for resilient decentralized infrastructures [8]

Core Insights - SEALSQ Corp is advancing its QS7001 Chip, designed to enhance blockchain security against quantum computing threats, with a release expected in Q4 2025 [1][8] - The QS7001 Chip utilizes NIST-compliant post-quantum cryptographic algorithms to protect digital assets and transactions [1][2] Company Overview - SEALSQ Corp specializes in developing semiconductors and post-quantum technology hardware and software solutions [9][10] - The company focuses on integrating quantum-resistant cryptography into various applications, ensuring robust protection against emerging quantum threats [9][10] Product Features - The QS7001 Chip incorporates quantum-resistant algorithms such as CRYSTALS-Kyber and CRYSTALS-Dilithium to maintain data integrity [2][7] - Key features include tamper-resistant hardware, seamless integration with existing blockchain infrastructures, and protection against digital signature forgery and smart contract manipulation [7][8] Strategic Collaborations - SEALSQ is collaborating with Hedera to integrate the QS7001 Chip into its blockchain ecosystem, enhancing transaction authentication and security [4][5] - The partnership with WeCan aims to embed post-quantum security features into its digital identity and asset infrastructure, ensuring compliance and protection for tokenized data [5][6] Industry Context - The increasing adoption of blockchain technology across various sectors necessitates quantum-secure infrastructure to protect against potential quantum attacks [3][6] - The "harvest now, decrypt later" strategy poses a real threat, prompting the need for proactive measures like the QS7001 Chip to secure historical and future data [6][8]

Financial Data and Key Metrics Changes - SealSQ reported a revenue of $11 million for FY 2024, a significant decrease from $30 million in 2023, reflecting a transition from traditional semiconductors to next-generation quantum-resistant chips [4][16] - The company experienced a net loss of $21 million for the year, primarily due to the migration from traditional semiconductor products and reduced demand during the transition [18] - Cash reserves peaked at over $90 million as of January 6, 2025, up from approximately $85 million at the end of 2024, indicating a strong financial position [15] Business Line Data and Key Metrics Changes - The transition to post-quantum security technology involved a $5 million investment in 2024, with an additional $7.2 million planned for 2025 [6][18] - Combined bookings for the year reached $6.8 million, reflecting strong year-to-year growth, while the projected contract pipeline over the next three years stands at $93 million [9][30] Market Data and Key Metrics Changes - The post-quantum cybersecurity market is projected to grow from an estimated market size of $302.5 million in 2024 to $1.8 billion by 2025, with a CAGR of 44.2% [9][12] - The company is positioned to capitalize on the emerging opportunities in post-quantum security due to high entry-level barriers for competitors [10] Company Strategy and Development Direction - SealSQ's strategy includes the commercial launch of post-quantum chips, expansion of chip personalization services, and strategic acquisitions to enhance capabilities [33][34] - The company is focused on securing large-scale contracts with government and enterprise clients adopting post-quantum cryptographic solutions, including defense contracts in Europe [11][12] Management's Comments on Operating Environment and Future Outlook - Management anticipates a significant revenue increase in 2025 compared to 2024, driven by new sources of chip revenue and the integration of chip personalization services [9][11] - The company expects the full impact of growth initiatives to materialize in 2026, with the commercial launch of new products scheduled for Q4 2025 [20][21] Other Important Information - SealSQ is investing in startups engaged in quantum computing and AI initiatives, with a $20 million fund allocated for this purpose [22] - The company is in the process of acquiring IC'ALPS, a leading ASIC design company, which will enhance its capabilities in chip design [25][35] Q&A Session Summary Question: Will 2025 revenue growth come from new sources of chip revenue and chip personalization services? - Management indicated that while some customers are sitting on strong inventories of previous generation chips, there will be normalization as new customers emerge through the personalization center [41][42] Question: What is the meaningful portion of the 2025 R&D spending increase? - The increase in R&D spending is largely attributed to expensive certification processes and the need to recruit high-level expertise for integrating new technologies [51][52] Question: What is the historical win rate of the $93 million pipeline? - Management noted that the pipeline includes clients at various stages, with a tendency for clients to become long-term due to the sticky nature of post-quantum chip contracts [63][67]

Financial Data and Key Metrics Changes - The company reported a revenue of $11 million for FY 2024, a significant decrease from $30 million in 2023, reflecting a transition from traditional semiconductors to next-generation quantum-resistant chips [4][16] - The company ended FY 2024 with cash reserves exceeding $90 million, up from approximately $85 million at the end of 2023, indicating a strong financial position [15] - A net loss of $21 million was recorded for the year, primarily due to the shift from traditional semiconductor products to post-quantum technologies [18] Business Line Data and Key Metrics Changes - The transition to next-generation quantum-resistant chips has resulted in lower order volumes as customers utilize existing stock before committing to new purchases [5][16] - Research and development expenditure increased by $1 million year-on-year, a 26% rise against 2023, highlighting the strategic importance of developing quantum-resistant technology [17] Market Data and Key Metrics Changes - The post-quantum cybersecurity market is projected to grow significantly, with an estimated market size of $302.5 million in 2024, expected to reach $1.8 billion by 2025 at a CAGR of 44.2% [9] - The company has confirmed bookings of $6.8 million for 2025, reflecting strong year-to-year growth, with a projected contract pipeline of over $93 million for the next three years [30][31] Company Strategy and Development Direction - The company is focused on scaling post-quantum security technology, executing strategic acquisitions, and expanding into high-growth markets [7][8] - Key priorities for 2025 include the commercial launch of post-quantum chips, expanding chip fabrication partnerships, and continuing R&D investments [33][34] Management's Comments on Operating Environment and Future Outlook - Management anticipates a significant revenue increase in 2025 compared to 2024, driven by new sources of chip revenue and the expansion of chip personalization services [9][11] - The company is well-positioned to capitalize on emerging opportunities in post-quantum security, with a strong cash position and no bank debt [8][15] Other Important Information - The company plans to invest $20 million in startups engaged in quantum computing and AI initiatives to accelerate deployment [22] - The company is in the final stages of acquiring IC'ALPS, a leading ASIC design company, which will enhance its capabilities in chip design [25][35] Q&A Session Summary Question: Will 2025 revenue growth come from new sources of chip revenue and chip personalization services? - Management indicated that while some customers will return, many are currently utilizing existing inventory, and new customers will emerge through personalization centers [41][42] Question: What is the breakdown of the increase in R&D spending for 2025? - The increase in R&D spending is largely attributed to certification costs and the integration of technology from acquired startups [51][52] Question: What is the historical win rate for the $93 million pipeline? - Management noted that the pipeline includes clients at various stages, with a tendency for clients to become long-term due to the nature of post-quantum chip adoption [63][67]

Core Insights - SEALSQ Corp has entered into a strategic agreement to acquire a 30% equity stake in WeCanGroup SA, aiming to enhance blockchain-based security solutions in the Web 3.0 ecosystem, focusing on post-quantum cryptography and IoT security [1][2]. Group 1: Partnership Objectives - The collaboration seeks to accelerate the adoption of blockchain security solutions, particularly in the financial sector and IoT, addressing vulnerabilities posed by quantum computing [1][2]. - SEALSQ and WeCanGroup will integrate their technologies to develop advanced KYC, KYB, and KYO solutions, ensuring long-term cybersecurity resilience [2][3]. Group 2: Financial Sector Security - The financial sector's reliance on digital identity verification and secure transactions necessitates the adoption of quantum-resistant cryptographic solutions to maintain trust and compliance [3]. - WeCanGroup's blockchain-based compliance solutions will incorporate SEALSQ's post-quantum encryption to protect financial institutions from quantum-based cyber threats [3][4]. Group 3: IoT Security Enhancements - The partnership aims to protect IoT ecosystems from quantum-enabled attacks by embedding post-quantum cryptographic algorithms into SEALSQ's secure semiconductors [5]. - Quantum-safe identity management for IoT devices will be established, ensuring data integrity across various applications, including smart cities and healthcare IoT [5][6]. Group 4: Web 3.0 Innovations - The integration of SEALSQ's post-quantum secure semiconductors with WeCanGroup's blockchain solutions will enhance trust and security in Web 3.0 ecosystems [7]. - Innovations will include decentralized identity management and secure tokenization of financial assets, ensuring regulatory compliance against quantum threats [8].

Core Viewpoint - WISeKey's subsidiary SEALCOIN and WeCanGroup are collaborating to enhance secure device-to-device transactions and identity verification within the WeCanGroup ecosystem, particularly for banking, government, and defense sectors [1][2][6] Group 1: Partnership Overview - The partnership integrates SEALCOIN's blockchain-based IoT and digital asset ecosystem with WeCanGroup's compliance and data security framework [1][2] - This collaboration aims to create a new standard for identity and transaction verification in highly regulated environments [6] Group 2: Technology and Solutions - SEALCOIN is designed to authenticate and facilitate secure transactions between IoT devices, making them trusted and autonomous within a decentralized economy [2] - WeCanGroup's solutions will expand to include Know Your Object (KYO), enhancing the verification and management of IoT devices [3] Group 3: Use Cases in Regulated Sectors - The integration will enable secure transactions in various sectors: - Banking & Finance: Trusted digital asset transactions and compliance-driven IoT payments [4] - Government & Public Services: Secure authentication for critical infrastructure and smart city applications [5] - Defense & Aerospace: Tamper-proof identity verification for defense IoT systems [5] Group 4: Future Steps - Initial focus will be on pilot programs with key partners in finance, government, and defense before expanding to broader industrial and smart infrastructure applications [7]

Geneva, Switzerland, March 20, 2025 (GLOBE NEWSWIRE) -- Schedules Conference Call and Webcast for Monday, March 24 at 10:00 am ET (3:00 pm CET) Ends the year with a strong cash position of approximately $85 million FY 2024 $11 million revenue reflects the industry-wide transition from traditional semiconductors to next-generation Quantum Resistant chipsExpects a return to growth in FY 2025 Continues R&D investments with $7.2 million allocated in 2025, up from $5 million in 2024Confirmed bookings of $6.8 mi ...