Core Viewpoint - SEALSQ Corp, a member of the WISeKey Group, has signed a Share Purchase Agreement to acquire 100% of IC'ALPS, a specialist in ASIC design and supply, indicating a strategic move to enhance its capabilities in semiconductor and post-quantum technology solutions [1][2]. Group 1: Acquisition Details - The acquisition of IC'ALPS is the result of exclusive negotiations that began on February 27, 2025, and is now subject to regulatory approval from the French Ministry of the Economy [2]. - The transaction is expected to be completed in the third quarter of 2025, pending the satisfaction of closing conditions [3]. Group 2: About IC'ALPS - IC'ALPS is based in Grenoble, France, and specializes in Application Specific Integrated Circuits (ASIC) and Systems on Chip (SoC) development, offering a complete service from circuit specification to production supply chain management [4]. - The company employs over 100 engineers with expertise in various circuit technologies, including analog, digital, and mixed-signal circuits, and operates with multiple foundries [4]. Group 3: About SEALSQ - SEALSQ is recognized for its innovations in Post-Quantum Technology, focusing on hardware and software solutions that integrate semiconductors and Public Key Infrastructure (PKI) [5][6]. - The company aims to address security challenges posed by quantum computing by developing quantum-resistant cryptography and semiconductors for various applications, including healthcare, automotive, and industrial systems [6]. Group 4: About WISeKey - WISeKey International Holding Ltd is a global leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries, including SEALSQ [9][10]. - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a crucial role in securing the Internet of Everything [10].

Core Viewpoint - SEALSQ Corp has signed a Share Purchase Agreement to acquire 100% of IC'ALPS SAS, enhancing its capabilities in ASIC development to meet growing sector demand [2][4]. Company Overview - SEALSQ Corp specializes in semiconductors, PKI, and Post-Quantum technology solutions, focusing on quantum-resistant cryptography to address security challenges posed by advancing quantum computing [7][8]. - IC'ALPS SAS is an ASIC design and supply specialist based in France, providing a comprehensive range of services from circuit specification to production supply chain management [6]. Acquisition Details - The acquisition of IC'ALPS is expected to add approximately 100 skilled employees and is anticipated to be completed in the third quarter of 2025, pending regulatory approval [4][5]. - The SPA follows a period of exclusive negotiations that began on February 27, 2025, with the main terms remaining applicable as announced on May 22, 2025 [3]. Strategic Implications - This acquisition is aimed at reinforcing SEALSQ's commitment to ASIC development, which is crucial for meeting the increasing demand in various sectors including medical, industrial, automotive, and IoT [4][6]. - IC'ALPS has expertise in analog, digital, and mixed-signal circuits, which will complement SEALSQ's existing capabilities in semiconductor technology [6].

Core Viewpoint - SEALSQ Corp has made a strategic investment in Wecan Token to enhance its digital identity solutions and reinforce its commitment to secure and decentralized identity management [1][2]. Group 1: Investment and Strategic Importance - The investment in Wecan Token is a significant step towards enabling trusted KYC processes and digital identity services using blockchain technology [2]. - SEALSQ is establishing a dedicated reserve of Wecan Tokens to support its digital trust ecosystem and future integrations [2]. Group 2: Integration and Use Cases - By integrating Wecan Token with SEALSQ's WISeID platform, the company aims to enhance secure identity verification across regulated industries, including KYC compliance and digital onboarding [3]. - The Wecan Token serves as a utility token for secure digital signatures, consent management, and verified data sharing, facilitating legally binding digital transactions [5]. Group 3: Benefits for Financial Institutions - Financial institutions can benefit from reduced operational costs, enhanced security, and improved customer trust through seamless digital interactions enabled by the integration of Wecan Token [6]. - The use of verifiable credentials and blockchain-based identity proofs streamlines onboarding processes and minimizes manual verification efforts [8]. Group 4: Future Growth Potential - The Wecan Token has a capped supply of 6 billion tokens and is positioned to play a crucial role in next-generation digital services, particularly in identity management and digital signature workflows [7]. - SEALSQ's investment reflects a long-term belief in decentralized identity, aiming to set new standards for privacy and trust in the digital economy [8][9]. Group 5: Wecan Group Overview - Wecan Group, founded in 2015, specializes in blockchain-based solutions for secure data management, focusing on improving data handling efficiency for various sectors [9][11]. - Wecan Comply is a leading platform for orchestrating KYC and KYB compliance data, connecting financial institutions through a secure data exchange protocol [10].

Core Viewpoint - SEALSQ Corp is in exclusive negotiations to acquire 100% of IC'ALPS SAS, a specialist in ASIC design and supply, to enhance its capabilities in semiconductor technology and meet growing sector demand [1][2]. Group 1: Acquisition Details - The acquisition is based on a Letter of Intent and is subject to a Share Purchase Agreement and closing conditions [2]. - The fixed purchase price for IC'ALPS is EUR 12.5 million, consisting of EUR 10 million in cash and EUR 2.5 million in SEALSQ shares, with an earn-out payment of up to EUR 4 million based on revenue performance [6]. - The acquisition is expected to add approximately 100 skilled employees from IC'ALPS' centers in Grenoble and Toulouse [2]. Group 2: Financial Performance of IC'ALPS - For the year ended December 31, 2024, IC'ALPS reported draft unaudited revenue of EUR 9.756 million and a net loss of EUR 2.016 million, compared to audited revenue of EUR 8.465 million and a net income of EUR 318,000 for 2023 [3]. - Excluding sales to SEALSQ, the net loss for 2024 would increase to EUR 2.631 million, while the net income for 2023 would turn into a net loss of EUR 850,000 [4]. - Material adjustments are anticipated upon converting IC'ALPS' financials from French GAAP to US GAAP, affecting net sales, operating expenses, and balance sheet items [5]. Group 3: About IC'ALPS - IC'ALPS specializes in ASIC and SoC development, providing a comprehensive service from circuit specification to production supply chain management [7]. - The company employs over 100 engineers with expertise in various circuit technologies and serves multiple sectors including medical, industrial, automotive, and IoT [7]. - IC'ALPS holds several certifications and partnerships, enhancing its credibility and operational capabilities in the semiconductor industry [7]. Group 4: About SEALSQ - SEALSQ is focused on Post-Quantum Technology, integrating semiconductors and PKI to address security challenges posed by quantum computing [8][9]. - The company is developing Post-Quantum Semiconductors designed to protect sensitive data across various applications, ensuring resilience against quantum threats [9].

Core Insights - SEALSQ Corp has launched the MS6003 secure element chip, which is preloaded with a FIDO2 authentication application, aimed at enhancing passwordless authentication in a zero-trust environment [3][4][6] - The global FIDO authentication market is projected to grow from USD 2.16 billion in 2025 to USD 15.32 billion by 2035, at a CAGR of 18.3%, driven by increasing cyber threats and the demand for secure authentication solutions [6][7] Company Overview - SEALSQ focuses on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [3][8] - The company is pioneering post-quantum semiconductors that provide robust protection for sensitive data across various applications, including multi-factor authentication, healthcare systems, and automotive [9] Product Features - The MS6003 simplifies secure authentication adoption, reducing time-to-market and streamlining compliance for customers in enterprise, industrial, IoT, and consumer applications [4][7] - It is built on a Common Criteria EAL5+-certified microcontroller platform, ensuring compliance with rigorous hardware security standards [7] - The chip supports diverse applications, including PC OEMs, smart locks, and automotive IoT, providing versatile integration options [7] Market Context - The MS6003 positions SEALSQ to capture the growing passwordless security market, which is increasingly important as 80% of data breaches are linked to compromised credentials [6][7] - FIDO2 standards, endorsed by major industry players like Microsoft, Apple, and Google, are transforming digital security and driving the demand for passwordless solutions [6]

Core Viewpoint - SEALSQ Corp has introduced its advanced post-quantum cryptographic technology, QS7001, to secure Bitcoin wallets against potential quantum computer threats, marking a significant advancement in blockchain asset security in the quantum era [3][4]. Group 1: Quantum Threat to Bitcoin - Bitcoin wallets utilize elliptic curve cryptography (ECC), specifically the secp256k1 curve, which is vulnerable to quantum attacks using Shor's algorithm, potentially compromising wallet security [4]. - The advancement of quantum computing poses a significant risk to the integrity of decentralized finance, necessitating robust security measures [4]. Group 2: SEALSQ's Quantum-Resistant Solution - SEALSQ's PQC technology is based on NIST-standardized algorithms CRYSTALS-Kyber and CRYSTALS-Dilithium, designed to withstand quantum attacks and ensure forward secrecy and unforgeable signatures [5]. - The QS7001 secure element integrates these algorithms, providing hardware-backed security optimized for resource-constrained environments like hardware wallets and IoT devices [6][7]. Group 3: Migration Framework for Developers - SEALSQ offers a migration framework for Bitcoin wallet developers, emphasizing the importance of post-quantum cryptography for future-proofing blockchain security [8]. - The company highlights the necessity of trusted roots in cryptography to ensure security against quantum threats, positioning itself as a leader in semiconductor-driven cybersecurity [8]. Group 4: About SEALSQ - SEALSQ is a pioneer in developing post-quantum technology solutions, integrating semiconductors and public key infrastructure to address security challenges posed by quantum computing [9][10]. - The company aims to provide robust protection for sensitive data across various applications, ensuring organizations remain secure against quantum threats [10].

Core Insights - SEALSQ Corp showcased its advancements in post-quantum cryptography (PQC) during the "Quantum Days 2025" event, demonstrating NIST-standardized algorithms Crystal Kyber and Crystal Dilithium on secure devices [1][2][3] Group 1: Company Overview - SEALSQ focuses on developing and selling semiconductors, PKI, and post-quantum technology hardware and software products [1][5] - The company is a leader in post-quantum technology, integrating PQC into its semiconductor solutions to address security challenges posed by quantum computing [5][6] Group 2: Product Demonstrations - Live demonstrations of the Kyber algorithm showcased secure key exchange, while the Dilithium algorithm confirmed message integrity and tamper detection [3][8] - The demonstrations were conducted on SEALSQ's latest quantum-resistant hardware platform, QS 7001, highlighting real-world applications of PQC [3] Group 3: Industry Relevance - SEALSQ's PQC solutions aim to protect data integrity and confidentiality in IoT ecosystems, positioning the company as a trusted partner for industries such as automotive, healthcare, and smart infrastructure [3][4] - The integration of PQC algorithms ensures compliance with global cybersecurity standards and meets the growing demand for quantum-resistant IoT solutions [4]

Geneva, Switzerland, May 19, 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 results of its 2025 Annual General Meeting (“AGM”) of Shareholders, held in person in NYC on May 19, 2025. During the meeting, shareholders voted in favor of all resolutions put forward, including the re-election of the current seven board members (five of who ...

Core Insights - SEALSQ Corp plans to invest $10 million in WISeSat.Space to enhance satellite constellation deployment and secure communications through Quantum Key Distribution (QKD) technology [1][2] - This investment aims to establish a quantum-resilient satellite network for ultra-secure communications and transactional IoT services [2] - The global quantum communication market is projected to grow at a CAGR of 31.8% from 2025 to 2030, reaching over $1 billion in 2024, driven by the need for enhanced security across various sectors [5] Investment and Strategic Goals - SEALSQ's investment is subject to final approval by its Board of Directors and represents a significant step towards building a secure satellite network [2] - The investment will enable SEALSQ to connect and secure trillions of IoT devices globally, creating a "Satellite-as-a-Service" revenue model [4] - The upcoming June 2025 mission will demonstrate SEALCOIN's capability for decentralized transactions between satellites and IoT devices [3] Technology and Market Position - QKD provides unmatched security by utilizing quantum mechanics, making it essential for safeguarding sensitive data in finance, healthcare, and defense [6][8] - SEALSQ and WISeKey aim to capture a leadership position in the quantum communication market by integrating QKD with satellite infrastructure [6] - The deployment of WISeKey's Quantum RootKey will ensure secure transactions and data privacy, protecting against both classical and quantum threats [10] Future Developments - WISeKey is preparing for multiple satellite deployments in 2025 to expand its network and enhance IoT connectivity [7] - The industrialization of WISeSat's Satellite-as-a-Service platform is expected to accelerate the adoption of quantum-secure services globally [11] - SEALSQ's focus on Post-Quantum Technology aims to address security challenges posed by advancing quantum computing [12][13]

Saint-Cyr-sur-Mer, France, May 13, 2025 (GLOBE NEWSWIRE) -- SEALSQ Brings Together Global Experts to Accelerate Post-Quantum and Space Security Innovations Saint-Cyr-sur-Mer, France – May 13, 2025 -- 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 successful conclusion of its French Quantum and Space Day, held May 12–13, 2025, at Hotel Le Fregate, near ...