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 ...

WISeKey's Subsidiary SEALCOIN 2025 Roadmap: Leading Machine-to-Machine Transactions Through Blockchain and Space Innovation Zug, Switzerland — December 30, 2024 - WISeKey International Holding Ltd ("WISeKey" or the "Company") (NASDAQ:WKEY, SIX: WIHN)), a global leader in cybersecurity, AI, blockchain, and IoT technologies, that its subsidiary, SEALCOIN AG, ends 2024 as a leader in secure, decentralized IoT ecosystems. Utilizing its blockchain-based TIOT token, SEALCOIN empowers IoT devices to autonomously e ...

Core Viewpoint - SEALSQ Corp has launched SEALQUANTUM.com Lab, a research and innovation hub aimed at helping organizations transition to quantum-safe encryption, highlighting the urgency of developing quantum-resistant solutions in response to the vulnerabilities of traditional encryption methods due to advancements in quantum computing [2][3][4]. Group 1: SEALQUANTUM.com Lab - The SEALQUANTUM.com Lab is designed to empower businesses with knowledge, tools, and resources for secure communication practices in a quantum-dominated future [3][4]. - The lab serves as both an educational platform and a research and development powerhouse, providing access to expertise and real-time insights in quantum cryptography [4][5]. - Partnerships with top-tier universities, including École de Mines in France, are established to accelerate progress in quantum-safe technologies [5]. Group 2: Quantum-Safe Technologies - SEALSQ's broader portfolio includes Post-Quantum Cryptographic (PQC) algorithms and Post Quantum Chips, tailored for real-world applications across various sectors such as IoT, healthcare, logistics, and government [5][8]. - The company is focused on developing Post-Quantum Semiconductors that integrate quantum-resistant cryptography to protect sensitive data across multiple applications, enhancing resilience and security [7][8].

Geneva, Switzerland , Dec. 23, 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 it is at the forefront of developing innovative solutions to address the challenges posed by quantum computing. Through its QUASARS project, SEALSQ is advancing the field of Post-Quantum Cryptography (PQC) by creating hybrid solutions and quantum-resis ...

Geneva, Switzerland, Dec. 19, 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 it has completed a registered direct offer to several institutional investors of 13,157,896 ordinary shares at a public offering price of $1.90, for gross proceeds of $25.0 million (the “Offering”), before deducting commissions and offering expenses. Thi ...

Geneva, Switzerland, Dec. 19, 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 its GSMA-accredited eUICC (Embedded Universal Integrated Circuit Card) technology now enables mobile phones and connected devices to benefit from cutting-edge Post-Quantum security. This breakthrough technology delivers unparalleled trust, security, and i ...

Geneva, Switzerland, Dec. 19, 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 its GSMA-accredited eUICC (Embedded Universal Integrated Circuit Card) technology now enables mobile phones and connected devices to benefit from cutting-edge Post-Quantum security. This breakthrough technology delivers unparalleled trust, security, and ...