Geneva, Switzerland, Nov. 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 issued a statement stressing the immediate need for organizations, governments, and critical infrastructure providers to accelerate their transition to quantum-resilient security. This announcement follows public comments by Vitalik Buterin, co-founder of Ethereum, wh ...

Core Viewpoint - WISeKey International Holding Ltd plans to redomicile from Switzerland to the British Virgin Islands (BVI) to enhance strategic growth and attract greater investment from global institutional investors [2][7] Group 1: Redomiciliation Details - The redomiciliation will occur through a cross-border merger with a wholly owned BVI subsidiary, WISeKey Corp, and is subject to regulatory and shareholder approvals expected to be sought in Q1 2026 [2][4] - After the redomiciliation, WISeKey BVI's ordinary shares are expected to be listed on Nasdaq and have a secondary listing on the SIX Swiss Exchange [4][5] Group 2: Strategic Rationale - The BVI is chosen for its modern and flexible corporate legal framework, which is anticipated to provide greater operational flexibility and facilitate access to equity capital markets in both the U.S. and Switzerland [3][7] - The transition aims to streamline the company's structure, enhance comparability with global peers, and improve access to international capital markets, positioning WISeKey for new opportunities, including partnerships and acquisitions [7] Group 3: Shareholder Impact - Each outstanding class of WISeKey International Holding Ltd shares will be exchanged for the corresponding class of shares of WISeKey BVI according to the merger agreement [5][6] - The current American Depositary Share (ADS) program will be terminated, with ADS holders receiving WISeKey BVI ordinary shares in exchange [5]

Core Viewpoint - WISeKey International Holding AG is set to receive $250 million in equity from the business combination with Columbus Acquisition Corp, which will result in the formation of WISeSat.Space Holdings Corp, a publicly listed company on Nasdaq, expected to close in the first half of 2026 [1][5][6] Company Overview - WISeSat, through its subsidiary WISeSat.Space AG, offers a next-generation satellite platform aimed at providing secure and cost-effective IoT connectivity globally, utilizing post-quantum cryptographic technology [2][15] - The company has launched 22 satellites, with 14 currently operational, and aims to expand its constellation to 100 satellites by 2030, targeting industries such as logistics, agriculture, energy, and defense [2][4] Business Combination Agreement - The Business Combination Agreement stipulates that WISeKey will receive 25 million shares of the new entity at an implied value of $10 per share, resulting in a $250 million equity valuation [1][5] - The agreement has been unanimously approved by the boards of directors of WISeKey, WISeSat, and Columbus, and is subject to shareholder approval and customary closing conditions [6][10] Management Commentary - Carlos Moreira, CEO of WISeKey, emphasized that this transaction is a significant milestone in building a secure satellite infrastructure and aims to enhance the company's capital base for future expansion [4][5] - Fen Zhang, CEO of Columbus, expressed excitement about the transaction, highlighting WISeSat's potential in secure satellite communications [5] Technological Advancements - WISeSat is preparing to launch a next-generation post-quantum-secure satellite equipped with SEALSQ's Quantum Shield technology, which will serve as a testbed for new communication protocols [3][4] - The satellites are designed to ensure data integrity and transparency, leveraging Hedera distributed ledger technology to support a decentralized network [2][4] Future Plans - The company plans to deploy a total of 100 satellites by 2030, reinforcing its commitment to secure, sovereign, and sustainable space communications [2][4] - The business combination is expected to accelerate the commercialization of WISeSat's satellite-based cybersecurity and IoT ecosystem [4][5]

Core Viewpoint - WISeKey International Holding AG and Columbus Acquisition Corp. have entered into a definitive Business Combination Agreement to publicly list WISeKey's subsidiary, WISeSat.Space Corp., under the name WISeSat.Space Holdings Corp. This transaction is expected to close in the first half of 2026, with WISeKey receiving $250 million in equity from the new entity [1][5][6]. Company Overview - WISeSat, through its subsidiary WISeSat.Space AG, offers a next-generation satellite platform designed for secure and cost-effective IoT connectivity. The platform utilizes post-quantum cryptographic technology from SEALSQ Corp, enabling real-time communication for various industries [2][15]. - WISeSat has launched 22 satellites, with 14 currently operational, and aims to deploy a total of 100 satellites by 2030 to enhance secure IoT connectivity [2][4]. Upcoming Developments - In November 2025, WISeSat plans to launch a next-generation post-quantum-secure satellite equipped with SEALSQ's Quantum Shield technology, marking a significant step in developing quantum-resilient satellite-based IoT connectivity [3][4]. Management Commentary - Carlos Moreira, CEO of WISeKey, emphasized that this transaction accelerates the commercialization of their satellite-based cybersecurity and IoT ecosystem, positioning WISeSat as an independent publicly listed space-tech company [4][5]. - Fen Zhang, CEO of Columbus, expressed excitement about the transaction, highlighting WISeSat's potential in secure satellite communications and the long-term benefits for shareholders [5]. Business Combination Agreement Details - Under the Business Combination Agreement, WISeKey will receive 25 million shares of the new entity at an implied value of $10 per share, resulting in a $250 million equity valuation. The agreement also includes provisions for cash investments from WISeKey and SEALSQ [5][6]. - The transaction has been unanimously approved by the boards of directors of both companies and is subject to shareholder approval and customary closing conditions [6][7].

Core Insights - WISeKey and its subsidiary WISeSat.Space are collaborating with the Swiss Armed Forces to enhance Switzerland's sovereign space and cybersecurity infrastructure through secure satellite communication and post-quantum cryptographic technologies [1][3][4] Group 1: Partnership Development - The partnership with the Swiss Armed Forces, initiated in 2022, focuses on developing secure satellite-based communications, reconnaissance, and navigation systems to reduce reliance on foreign providers [3][5] - Joint research and development efforts have included testing small-satellite and secure communications capabilities, integrating SEALSQ's post-quantum semiconductors for enhanced security [4][6] Group 2: Security Enhancements - The collaboration aims to create a zero-trust orbital network that ensures end-to-end encryption for satellite communications, addressing vulnerabilities highlighted in recent reports [2][4] - The operational partnership supports the SAF's strategy for secure satellite-enabled mobile communications, reinforcing defense capabilities [5][6] Group 3: Technological Innovations - WISeSat.Space is focused on deploying a secure IoT satellite constellation, leveraging WISeKey's digital identity and SEALSQ's post-quantum secure semiconductors [7] - SEALSQ is developing post-quantum semiconductors designed to protect sensitive data across various applications, ensuring resilience against quantum computing threats [8][9]

Core Insights - SEALSQ Corp is advancing its collaboration with the Swiss Armed Forces to enhance Switzerland's sovereign space and cybersecurity infrastructure through secure IoT satellites and post-quantum cryptographic technologies [1][3][4] - The partnership aims to develop secure satellite-based communications, reconnaissance, and navigation systems, reducing reliance on foreign providers and enhancing national resilience [3][4] - The collaboration has evolved to integrate SEALSQ's post-quantum semiconductors, ensuring quantum-resilient encryption for satellite communications, addressing vulnerabilities in the satellite communications ecosystem [4][6] Company Overview - SEALSQ Corp focuses on developing semiconductors, PKI, and post-quantum technology products, contributing to secure digital identity and encryption solutions [1][10] - WISeKey International Holding Ltd, the parent company, is a leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries, including SEALSQ [8][9] - WISeSat.Space, a joint venture between WISeKey and SEALSQ, is dedicated to deploying a secure IoT satellite constellation, leveraging trusted digital identity and post-quantum secure semiconductors [7][8] Strategic Developments - The partnership with the Swiss Armed Forces has been ongoing since 2022, focusing on research, development, and mission testing of secure communications capabilities [4][5] - The Swiss Armed Forces aim to ensure secure satellite-enabled mobile communications as part of their strategy to reinforce defense capabilities, with a focus on partnerships with national industrial companies [5][6] - The integration of post-quantum encryption into Direct-to-Device connectivity is a key goal of the operational partnership, enhancing security and operational autonomy for military needs [6][4]

Core Insights - WISeKey International Holding has formed a strategic partnership with INNOSPACE to enhance secure satellite deployment and communication capabilities [3][4][5] - The collaboration aims to leverage South Korea's growing space ecosystem and INNOSPACE's launch technology to support various sectors including cybersecurity and IoT [5][6] - This partnership is positioned to address the increasing demand for satellite connectivity solutions in the European market [6] Company Overview - WISeKey operates as a global leader in cybersecurity, AI, and IoT solutions, with a focus on secure satellite communications through its subsidiary WISeSat [10][11] - WISeSat is dedicated to providing quantum-resistant IoT connectivity solutions and aims to establish a comprehensive satellite infrastructure [4][9] - INNOSPACE specializes in satellite launcher manufacturing and has developed hybrid rocket-powered small satellite launchers to offer low-cost and reliable launch services [12] Strategic Goals - The partnership will enable WISeSat to diversify its satellite launch locations and expedite infrastructure establishment [4] - Both companies will explore further opportunities in space-based cybersecurity and AI-driven satellite applications [7] - The collaboration emphasizes the importance of international cooperation in advancing secure and sustainable space technology [6]

Core Insights - WISeKey's subsidiary WISeSat.Space is set to launch a nanosatellite equipped with SEALSQ's post-quantum cryptographic technology aboard a SpaceX Falcon 9 rocket on November 10, 2025, from California [1][2] - The satellite will serve as a testbed for post-quantum communication protocols, marking a significant step towards quantum-resilient satellite-based IoT connectivity [2][3] - The mission emphasizes WISeSat's commitment to secure, sovereign, and sustainable space communications capable of withstanding cybersecurity challenges posed by quantum computing [2][4] Technology and Innovation - The WISeSat satellite integrates SEALSQ's post-quantum cryptographic semiconductors and WISeKey's Root of Trust, enabling secure end-to-end communication between satellites, ground stations, and IoT devices [3] - This launch will be one of the first demonstrations of post-quantum encryption tested in orbit, providing real-time validation of SEALSQ's technology in space conditions [3][4] - The forthcoming satellite launch will lead to the deployment of four additional post-quantum-ready satellites in 2026, each incorporating enhanced SEALSQ technologies [6] Market Applications - WISeSat's nanosatellite constellation aims to deliver real-time, low-cost, and secure IoT connectivity across various sectors, including energy, logistics, infrastructure, and climate monitoring [5] - The advanced encryption and distributed ledger integration will support tamper-proof, decentralized communication frameworks for critical global applications [5] Company Overview - WISeKey International Holding Ltd operates through several subsidiaries, including SEALSQ Corp, WISeKey SA, and WISeSat AG, each focusing on specific technology areas [7][8] - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a vital role in securing the Internet of Everything [8]

Core Insights - WISeKey's subsidiary WISeSat.Space is set to launch a nanosatellite equipped with SEALSQ's post-quantum cryptographic technology aboard a SpaceX Falcon 9 rocket on November 10, 2025, from California [1][2] - The satellite will serve as a testbed for post-quantum communication protocols, marking a significant step towards quantum-resilient satellite-based IoT connectivity [2][3] - The mission emphasizes WISeSat's commitment to secure, sovereign, and sustainable space communications capable of addressing cybersecurity challenges posed by quantum computing [2][4] Technology and Innovation - The WISeSat satellite integrates SEALSQ's post-quantum cryptographic semiconductors and WISeKey's Root of Trust, enabling secure end-to-end communication between satellites, ground stations, and IoT devices [3] - This launch will be one of the first demonstrations of post-quantum encryption tested in orbit, providing real-time validation of SEALSQ's technology in space conditions [3][4] - The upcoming satellite launch will lead to the deployment of four additional post-quantum-ready satellites in 2026, each incorporating enhanced SEALSQ technologies [6] Strategic Vision - Carlos Moreira, CEO of WISeKey, highlighted that the launch represents a milestone in showcasing the future of trusted connectivity that is quantum-secure and universally accessible [4] - The mission aims to build a global, resilient, and sovereign infrastructure to safeguard digital assets against emerging cybersecurity threats [4] - WISeSat's nanosatellite constellation is designed to provide real-time, low-cost, and secure IoT connectivity across various sectors, including energy, logistics, infrastructure, and climate monitoring [5] Company Overview - WISeKey International Holding Ltd operates through several subsidiaries, including SEALSQ Corp, which focuses on semiconductors and post-quantum technology products, and WISeSat AG, which specializes in secure satellite communication for IoT applications [7][8] - The company has deployed over 1.6 billion microchips across various IoT sectors, playing a crucial role in securing the Internet of Everything [8] - WISeKey's technologies integrate into a comprehensive platform that secures digital identity ecosystems using Blockchain, AI, and IoT technologies [8]

Core Insights - WISeKey International Holding Ltd. reported preliminary unaudited revenue of $10.6 million for the first nine months of 2025, reflecting a 39% year-on-year growth compared to $7.6 million in the same period last year [5][6] - The company reaffirmed its full-year 2025 revenue guidance, projecting revenue between $18 million and $21 million, which represents a year-on-year growth of 51% to 76% [5][6] - The CEO highlighted a strategic shift towards post-quantum technologies, with expectations for continued growth driven by new product launches and acquisitions [4][6] Financial Metrics - Preliminary unaudited revenue for 9M 2025 was $10.6 million, a 39% increase from $7.6 million in 9M 2024 [5][6] - The company maintains a strong cash position of $228 million as of October 10, 2025, providing liquidity for innovation and expansion [6] - FY 2025 revenue guidance is set between $18 million and $21 million, indicating a significant growth trajectory [5][6] Growth Outlook - The company anticipates a revenue surge of 50% to 100% for FY 2026 compared to FY 2025, driven by new product launches and full-year consolidation of IC'ALPS [6][5] - Upcoming product launches include Quantum Shield QS7001™ and QVault™ TPM solutions, scheduled for November 2025 [5][6] - The integration of new offerings and solutions is expected to enhance revenue streams and support global expansion [5][6] Strategic Initiatives - WISeKey is focused on building a resilient technology ecosystem through its Convergence strategy, integrating semiconductors, trust services, and digital identity [10][9] - The company is expanding its Quantum Corridor initiative with projects in India, UAE, and Brazil to enhance regional post-quantum cryptography infrastructure [18][19] - Strategic partnerships and technological advancements are aimed at reinforcing WISeKey's leadership in the global cybersecurity and digital trust ecosystem [7][9] Product Development - The company is developing post-quantum secure chips, including QS7001 and QVault™ TPM, targeting mission-critical sectors such as defense and IoT [20][15] - New solutions are being introduced to safeguard AI operations against quantum threats, leveraging expertise in post-quantum cryptography [11][12] - The WISeID platform is designed to secure digital identities and transactions, supporting emerging applications in smart home devices and digital identity services [17][22]