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WISeKey’s WISeSat.Space to Test Post-Quantum Communication from Space During SpaceX Launch on November 10, 2025
Globenewswire· 2025-10-15 05:00
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]
WISeKey Reports H1 2025 Results; Updates on the Quantum Convergence Strategy Underpinned by a Strong Balance Sheet
Globenewswire· 2025-09-23 19:23
Core Insights - WISeKey International Holding Ltd. reported its unaudited financial results for H1 2025, indicating a strategic shift towards next-generation technologies and a focus on its Convergence strategy [1][2][3] Financial Performance - Revenues for H1 2025 increased slightly by $0.1 million to $5.3 million, aligning with expectations amid a transition towards post-quantum and IoT-driven technologies [3] - The company anticipates full-year revenues to range between $18.0 million and $21.0 million, driven by growth in SEALSQ's traditional products and the acquisition of IC'ALPS [3] - Operating losses rose by $13.2 million to $27.3 million, primarily due to a one-off stock-based compensation charge of $10.1 million and increased R&D investments [3][20] - The net loss for the period was $22.3 million, an increase of $6.8 million compared to the same period last year [3][20] Strategic Developments - The Convergence strategy integrates semiconductors, trust services, satellites, blockchain, and digital identity into a unified ecosystem, enhancing revenue potential and reducing dependency on single business lines [2][4] - Investments in R&D totaled $5.8 million, focusing on SEALSQ's quantum-resistant chips and the SEALCOIN transactional IoT platform [3][20] - The company is preparing for the commercial launch of SEALSQ's QVault-TPM in Q4 2025, which is expected to drive significant growth in 2026 and beyond [7] Ecosystem and Revenue Model - SEALSQ, controlled by WISeKey with 52% voting rights, develops post-quantum secure chips that will generate both hardware sales and recurring revenues through chip personalization services [4][11] - The integration of SEALSQ chips with WISeSat's satellite communications is expected to create multiple revenue streams, including chip sales, personalization services, and satellite communication subscriptions [4][5] - The ecosystem also includes SEALCOIN, which aims to facilitate autonomous transactions in the IoT economy, and WISe.ART, which focuses on authenticated trading of digital and physical assets [11][21] Balance Sheet and Cash Position - As of June 30, 2025, WISeKey reported a cash balance of $124.6 million, enabling the company to accelerate technological development and strategic investments [3][20] - The total assets amounted to $154.99 million, with total liabilities at $28.43 million, indicating a strong balance sheet position [23][24]
Digital Brands Group Outlines Strategy to Deliver Robust Suite of Technology Tools Powered by AI and Quantum-Resilient Security for eCommerce
Globenewswire· 2025-09-16 13:00
Core Insights - Digital Brands Group, Inc. is focusing on developing a suite of technology tools for the eCommerce sector, leveraging artificial intelligence and quantum-resilient security to enhance brand protection and operational efficiency [1][2][3] Company Initiatives - The company is evaluating initiatives in three main areas: automated IP monitoring and brand protection using AI, data security with a focus on quantum-resilient methods, and additional eCommerce tools for merchandising, analytics, and personalization [2][3] - These initiatives aim to create a comprehensive suite that provides brands with both protection and performance in the digital marketplace [2] Strategic Direction - The CEO of Digital Brands Group emphasized that the rapid growth of digital commerce presents both opportunities and challenges, and the company's strategy is centered on building technology tools that safeguard brand IP, secure data, and enhance customer experience [3] - The company plans to continue internal development while also exploring partnerships with leading technology firms to accelerate delivery and broaden capabilities [3] Business Model - Digital Brands Group operates a diverse range of apparel brands through both direct-to-consumer and wholesale channels, focusing on owning the customer's "closet share" by leveraging data and purchase history for personalized content [4]