Core Viewpoint - SEALSQ Corp has partnered with Hager to provide its PKI-as-a-Service platform, INeS, for Device Attestation Certificates, enhancing the security and interoperability of Hager's Matter-compliant smart home devices [2][3]. Company Overview - SEALSQ Corp specializes in developing and selling semiconductors, PKI, and Post-Quantum technology hardware and software products [2]. - Hager is a global leader in electrical solutions, focusing on smart home technology, energy management, and building automation, with a presence in over 100 countries [5]. Product and Technology Details - SEALSQ's INeS platform allows Hager to integrate devices into the Matter ecosystem, improving connectivity and simplifying certificate management [3]. - The platform generates quantum-resistant certificates, providing long-term protection against emerging security threats [3][6]. - SEALSQ is pioneering Post-Quantum Semiconductors designed to address security challenges posed by quantum computing, ensuring robust protection for sensitive data across various applications [7]. Benefits of Collaboration - The partnership enables Hager to deliver smarter and more secure homes, enhancing cybersecurity for its Matter-compliant devices [4]. - Hager's products, including lighting controls and energy management systems, can seamlessly connect to ecosystems like Amazon Alexa and Google Home, providing customers with enhanced reliability and a competitive edge [4].

Core Insights - Hubbell Incorporated reported first quarter 2025 results, highlighting strong performance in the Electrical Solutions segment and a return to organic growth in Grid Infrastructure, despite challenges in Grid Automation and inflationary pressures [2][3]. Financial Performance - Total net sales for Q1 2025 were $1.365 billion, a decrease of 2% from $1.399 billion in Q1 2024 [26]. - Utility Solutions segment net sales decreased by 4% to $857 million compared to $894 million in Q1 2024, while Electrical Solutions segment net sales increased slightly to $508 million from $505 million [5][6]. - Q1 diluted EPS was $3.15, with adjusted diluted EPS at $3.50, reflecting a year-over-year increase of 15% [7][27]. Segment Analysis - Electrical Solutions achieved organic growth of 5%, driven by strong datacenter markets and strategic execution [3]. - Utility Solutions segment operating income was $160 million, or 18.7% of net sales, compared to $158 million, or 17.6% in the prior year [5]. - Grid Automation sales saw a decline of approximately 15% due to challenging comparisons from the previous year [5]. Cash Flow and Balance Sheet - Net cash provided by operating activities was $37 million in Q1 2025, down from $92 million in Q1 2024, with free cash flow at $11 million compared to $52 million in the prior year [10]. - Total assets increased to $6.922 billion as of March 31, 2025, from $6.679 billion at the end of 2024 [29]. Outlook - For the full year 2025, Hubbell anticipates diluted EPS in the range of $15.95-$16.45 and adjusted diluted EPS between $17.35-$17.85, with total sales growth and organic net sales growth projected at 6-8% [11][12].