Core Insights - SEALSQ Corp has signed a Letter of Intent to acquire 100% of Miraex SA, a company specializing in photonics-based quantum interconnect technology [1][7] - The acquisition is expected to close by the end of June 2023, pending regulatory approvals and customary closing conditions [2] - The deal is seen as a critical addition to SEALSQ's Quantum Vertical Stack, enhancing its capabilities in quantum computing, networking, and post-quantum cryptography [4] Acquisition Details - The LOI provides SEALSQ with a 60-day exclusivity period for due diligence and negotiation of binding transaction documents [2] - The acquisition will be funded through the SEALSQ Quantum Fund [2] - Miraex's technology addresses significant engineering challenges in quantum computing by connecting quantum processors to networks using a Photonic Integrated Circuit platform [3] Strategic Implications - The acquisition is expected to accelerate SEALSQ's Quantum Spatial Orbital Cloud initiative, aimed at deploying quantum-secure capabilities in Low Earth Orbit satellites and terrestrial environments [5] - SEALSQ's CEO emphasized that Miraex's solutions are not only complementary but also form a critical interconnect layer for the company's broader quantum architecture [4] Company Background - SEALSQ Corp, a subsidiary of WISeKey International Holding Ltd, specializes in designing and manufacturing secure microcontrollers and chips for applications in cybersecurity, AI, and IoT [6]
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