Chart Industries (GTLS) 2025 Conference June 24, 2025 10:55 AM ET Speaker0 All right, we're going keep things moving. When I published my conference preview on Friday, I highlighted this chart meeting as one of the most important updates that we get at the conference. So Joe, not going to put any extra pressure on you but I do think just given the recent M and A announcement with Flowserve that I think this is going be a really important one to dig into. So just given the recent announcement, we thought we ...

Core Viewpoint - WISeKey is set to launch its WISeSat 3.0 satellite in mid-June 2025, which will incorporate SEALSQ's Quantum RootKey technology to enhance quantum-safe space communications, marking a significant advancement in securing global data infrastructure against quantum threats [2][11]. Group 1: Satellite Launch and Technology - The WISeSat 3.0 satellite will be the first to embed SEALSQ's Quantum RootKey, initiating a new era of quantum-safe space communications [2][4]. - The satellite will utilize NIST-standardized post-quantum algorithms, including CRYSTALS-Kyber and CRYSTALS-Dilithium, for cryptographic key generation and management [3][4]. - The Quantum RootKey is designed to resist both classical and quantum cyberattacks, ensuring secure communications and digital identity services [4][8]. Group 2: Capabilities and Applications - WISeSat 3.0 will provide secure command authentication, encryption of sensitive data, and post-quantum key distribution for critical infrastructure sectors such as energy and transportation [5][10]. - The satellite will facilitate the secure onboarding of billions of IoT devices, providing quantum-resistant digital identities even in remote areas [5][10]. - The multi-layered quantum-secure platform aims to leverage space's unique properties for scientific breakthroughs, including quantum sensing and secure deep-space exploration [9][10]. Group 3: Infrastructure and Future Plans - WISeSat has established key infrastructure, including a satellite antenna in La Línea, Spain, with plans for another in Switzerland to enhance satellite constellation management [7][10]. - By 2027, WISeSat aims to create a large constellation of satellites that incorporate WISeKey cryptographic keys and PQC semiconductor technology from SEALSQ [7][10]. - The company is positioning itself to enable a scalable "Satellite-as-a-Service" business model that integrates decentralized IoT transactions and post-quantum secure communications [10][11]. Group 4: Strategic Importance - The advancements of WISeSat 3.0 are crucial for establishing a sovereign, resilient, and secure digital infrastructure amid rising geopolitical and cybersecurity tensions [11]. - The collaboration between WISeSat and SEALSQ is setting the foundation for a new generation of cyber-resilient, quantum-ready space systems, redefining global digital trust from orbit [11].

Core Viewpoint - WISeKey International Holding Ltd will present at the Maxim Group 2025 Virtual Tech Conference, focusing on innovations in cybersecurity, blockchain, and IoT [1][2] Group 1: Company Overview - WISeKey is a global leader in cybersecurity, digital identity, and IoT solutions, operating through several subsidiaries dedicated to specific technology areas [3] - The subsidiaries include SEALSQ Corp for semiconductors and post-quantum technology, WISeKey SA for secure authentication in IoT, WISeSat AG for satellite communication, WISe.ART Corp for blockchain NFTs, and SEALCOIN AG for decentralized internet technology [3][4] Group 2: Technological Integration - The company is advancing its platform through the "Year of Convergence," integrating various cybersecurity offerings into its revenue stream [2] - WISeKey has deployed over 1.6 billion microchips across IoT sectors, playing a crucial role in securing the Internet of Everything [4] Group 3: Strategic Direction - The company focuses on securing digital identity ecosystems using Blockchain, AI, and IoT technologies, ensuring the integrity of online transactions [4]

Core Viewpoint - Flowserve Corporation is experiencing growth due to strong performance across its segments and strategic acquisitions, enhancing its appeal to shareholders [1][2]. Business Strength - The aftermarket business is showing solid momentum, with a 21.2% year-over-year increase in bookings for the Flowserve Pumps Division in Q1, supported by a book-to-bill ratio above 1.0x [3]. - Increased bookings in general industries, energy, and power end markets are contributing positively to the Flow Control Division's performance [3]. End Market Strength - Flowserve's booking levels are driven by strength in various end markets and its 3D strategy, with improved customer orders from large project wins in the energy sector [4]. - The chemical end market is also strong, supported by an unconventional gas project and a petrochemical project in the Middle East, with expectations for significant capacity additions [4]. - Growth in the power generation market is linked to increased data center capacity and rising activity in Artificial Intelligence [4]. Expansion Efforts - Flowserve is focused on expanding its market presence through acquisitions, such as the October 2024 acquisition of MOGAS Industries, which enhanced its valve and automation product portfolio [5]. - The MOGAS acquisition contributed positively to sales growth by 3.3% in Q1 2025 [5]. - In July 2024, Flowserve acquired intellectual property related to cryogenic LNG submerged pump technology from NexGen Cryogenic Solutions, expanding its LNG product portfolio [6]. Rewards to Shareholders - Flowserve rewards shareholders through dividends and share buybacks, distributing $27.6 million in dividends and repurchasing shares worth $21.1 million in Q1 2025 [7]. - The company's shares have gained 1.7% over the past year, outperforming the industry's growth of 0.2% [7].

Core Viewpoint - WISeKey and OISTE.ORG have launched the "Quantum Root Key," a post-quantum cryptography solution aimed at securing digital identities and communications against quantum computing threats [1][3][7] Group 1: Quantum Computing Threats - The rise of quantum computing poses a significant risk to current encryption methods, as it can break traditional encryption schemes that rely on factoring large prime numbers [2] - A new cryptographic paradigm is necessary to address these vulnerabilities, as simply increasing key lengths is insufficient [2] Group 2: Quantum Root Key and PQC Algorithms - The "Quantum Root Key" utilizes NIST-standardized Post-Quantum Cryptography (PQC) algorithms, including ML-DSA, ML-KEM, and FALCON, which are designed to withstand quantum attacks [3][4] - This new root of trust enables secure authentication, quantum-safe encryption, and long-term data integrity for critical systems across various sectors [4] Group 3: Applications and Benefits - The Post-Quantum Trust Services will support the issuance and management of quantum-resistant digital certificates, benefiting sectors that require long-term confidentiality, such as defense, healthcare, finance, and telecommunications [4][5] - The platform's certificates maintain a structure similar to traditional certificates but utilize larger key sizes to prevent exploitation by quantum adversaries [5] Group 4: Real-World Adoption and Infrastructure - WISeKey's subsidiary SEALSQ Corp is launching the SEALSQ Quantum Lab to facilitate access to PQC-PKI infrastructure for pilot projects and early-stage deployment of quantum-resistant certificates [6] - This lab aims to become a reference hub for organizations looking to enhance their digital security strategies against quantum threats [6] Group 5: Company Overview - WISeKey is a global leader in cybersecurity, digital identity, and IoT solutions, operating through various subsidiaries focused on specific technology areas [8][9] - The company has deployed over 1.6 billion microchips across IoT sectors, playing a crucial role in securing the Internet of Everything [9]