WISeKey's Subsidiary, SEALSQ, to Increase
Investments in AI-Enhanced Semiconductors and IoT Innovations Over
the Next Five Years
To date, WISeKey has invested over $17
million for the development of a cutting-edge SEALSQ IoT
Cybersecurity Platform and a Post Quantum Chip to be enhanced by
AI
These investments aim to integrate AI,
foster the creation of sophisticated predictive IoT analysis
systems, and improve operational efficiency and security of IoT
devices
GENEVA – November 28, 2023 – WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a
global leader in cybersecurity, digital identity, and Internet of
Things (IoT) solutions, operating as a holding company, in
conjunction with its subsidiary SEALSQ Corp (NASDAQ: LAES)
(“SEALSQ”), today announced its intention to increase its
investments in Artificial Intelligence (AI). Integration of AI with
Cybersecurity and IoT will propel the creation of advanced
predictive analysis systems and enhance the operational efficiency
and security of IoT devices.
SEALSQ’s AI strategy would include further
investments in new post-quantum chips, which are currently under
development and expected to be commercialized in 2025. These chips
are designed to improve AI performance in semiconductors, bringing
unprecedented capabilities to the technology world. SEALSQ’s wide
range of solutions, including secure elements, root of trust,
cryptographic keys, and hardware security modules, underscore its
commitment to spearheading technological advancements while
fortifying semiconductors against potential vulnerabilities.
A Groundbreaking Synergy: Cybersecurity, AI and
IoT
The fusion of IoT and AI, termed AIoT
(Artificial Intelligence of Things), represents a leap forward in
our technological capabilities. The high-integrity data generated
by IoT devices, certified and protected through SEALSQ’s innovative
NFT technology, will be analyzed by AI. This analysis provides deep
insights into device behaviors, predicting and preempting issues
before they occur in order to dramatically improve operational
efficiency and digital security. SEALSQ is pioneering the
integration of AI with NFT/Matter-based IoT certification,
enhancing the intuitiveness and efficiency of IoT devices. This
initiative is a part of the broader AIoT revolution, which is
setting new benchmarks in smart technology.
SEALSQ’s strategy is designed to take advantage
of the new opportunities arising from the rapid expansion of the
global IoT market and demand for AI-enhanced technologies.
According to the latest IoT Analytics “State of IoT—Spring 2023”
report, the global IoT market is expected to grow from 14.3 billion
active IoT endpoints in 2022, to 16.7 billion by the end of 2023,
and exceed 29 billion in 2027, showcasing the ever-increasing
importance of IoT in our digital landscape.
SEALSQ’S AIOT SYSTEMS: DUAL APPROACH
SEALSQ’s AIoT systems are designed to cater to various
operational needs:
- Cloud-based AIoT: Ideal for deep predictive
analysis and large-scale data management, offering powerful
computing capabilities for complex AI algorithms.
- Edge-based AIoT: Focused on real-time data
processing where immediate decision-making is critical. This
approach is crucial for emergency response, infrastructure
management, and quality control.
SEALSQ’s AIoT systems are designed to cater to various
industries:
- Smart Cities:
Develop, deploy, and promote sustainable solutions that help
governments and citizens across the globe improve quality of
life.
- Supply Chain Port
Automatization: Optimizing traffic systems in real-time,
reducing congestion and emissions.
- Healthcare: Enhancing patient safety by
predicting equipment failures.
- Cybersecurity: From safeguarding smart homes
to protecting critical infrastructure and financial systems, AIoT
is set to revolutionize cybersecurity.
About SEALSQ
SEALSQ Corp (NASDAQ: LAES) is a wholly owned
subsidiary of the WISeKey Group that focuses on developing and
selling Semiconductors, PKI and Post-Quantum technology hardware
and software products. Our Post-Quantum solutions include
Post-Quantum microchips and devices that can be used in a variety
of applications, from Multi-Factor Authentication devices, Home
Automation, and IT Network Infrastructure, to Automotive,
Industrial Automation and Control Systems.
Post-Quantum Cryptography (PQC) refers to
cryptographic methods that are secure against an attack by a
quantum computer. As quantum computers become more powerful, they
may be able to break many of the cryptographic methods that are
currently used to protect sensitive information, such as RSA and
Elliptic Curve Cryptography (ECC). PQC aims to develop new
cryptographic methods that are secure against quantum attacks. For
more information, visit www.sealsq.com
About WISeKey
WISeKey International Holding Ltd (“WISeKey”,
SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity,
digital identity, and IoT solutions platform. It operates as a
Swiss-based holding company through several operational
subsidiaries, each dedicated to specific aspects of its technology
portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES),
which focuses on semiconductors, PKI, and post-quantum technology
products, (ii) WISeKey SA which specializes in RoT and PKI
solutions for secure authentication and identification in IoT,
Blockchain, and AI, (iii) WISeSat AG which focuses on space
technology for secure satellite communication, specifically for IoT
applications, and (iv) WISe.ART Corp which focuses on trusted
blockchain NFTs and operates the WISe.ART marketplace for secure
NFT transactions.
Each subsidiary contributes to WISeKey’s mission
of securing the internet while focusing on their respective areas
of research and expertise. Their technologies seamlessly integrate
into the comprehensive WISeKey platform. WISeKey secures digital
identity ecosystems for individuals and objects using Blockchain,
AI, and IoT technologies. With over 1.6 billion microchips deployed
across various IoT sectors, WISeKey plays a vital role in securing
the Internet of Everything. The company’s semiconductors generate
valuable Big Data that, when analyzed with AI, enable predictive
equipment failure prevention. Trusted by the OISTE/WISeKey
cryptographic Root of Trust, WISeKey provides secure authentication
and identification for IoT, Blockchain, and AI applications. The
WISeKey Root of Trust ensures the integrity of online transactions
between objects and people. For more information on WISeKey’s
strategic direction and its subsidiary companies, please visit
www.wisekey.com.
Press and investor contacts:WISeKey
International Holding LtdCarlos MoreiraChairman & CEOTel: +41
22 594 3000 / info@wisekey.com
WISeKey Investor Relations (US)The Equity Group Inc.Lena
CatiTel: +1 212 836-9611 / lcati@equityny.comKatie MurphyTel: +1
212 836-9612 / kmurphy@equityny.com
Disclaimer:
This communication expressly or implicitly
contains certain forward-looking statements concerning WISeKey
International Holding Ltd and its business. Such statements involve
certain known and unknown risks, uncertainties and other factors,
which could cause the actual results, financial condition,
performance or achievements of WISeKey International Holding Ltd to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. WISeKey International Holding Ltd is providing this
communication as of this date and does not undertake to update any
forward-looking statements contained herein as a result of new
information, future events or otherwise.
This press release does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities, and
it does not constitute an offering prospectus within the meaning of
the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor
legislation or advertising within the meaning of the FinSA.
Investors must rely on their own evaluation of WISeKey and its
securities, including the merits and risks involved. Nothing
contained herein is, or shall be relied on as, a promise or
representation as to the future performance of WISeKey.
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