SEALSQ Broadens Market Reach and Semiconductor Innovation in the United States
February 09 2024 - 9:06AM
SEALSQ Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that
focuses on developing and selling Semiconductors, PKI and
Post-Quantum technology hardware and software products, today
announced a significant leap forward with the establishment of a
Semiconductor Center in the United States (“US”) and advanced
offerings in provisioning and post-quantum semiconductors. The US
center is expected to be operational by the fourth quarter of 2024.
Establishment of the US center marks a critical milestone for
SEALSQ, enhancing its production capabilities and marking a pivotal
expansion of the company's footprint in the American market. It is
not just a strategic enhancement of SEALSQ's global presence, but a
commitment to bolstering the supply chain's resilience and
stimulating economic growth within the region. By localizing the
production and customization of microchips, SEALSQ is fostering job
creation and energizing local economies, contributing to the
technological advancement and expansion of the semiconductor
industry across host nations.
A notable advancement in SEALSQ's offerings includes the
provision of Security Services and Semiconductors to manufacturers
of IoT devices implementing the Matter Protocol. This initiative
underlines the integral relationship between semiconductor
technology and the burgeoning IoT sector. The Matter Protocol is a
leading standard for smart home devices spearheaded by the
Connectivity Standards Alliance (“CSA”), set to dramatically boost
semiconductor demand. The smart home market is projected to
experience a Compound Annual Growth Rate (“CAGR”) of 29.3% from
2020 to 2027, according to Allied Market Research. The influx of
smart devices requires a comprehensive range of secure
semiconductor components — from microcontrollers to wireless
communication chips — to ensure device functionality.
The expansion is further enriched by the introduction of a novel
range of post-quantum semiconductors leveraging the RISC-V
architecture, reflecting a commitment to the forefront of
technology and security against the emergent threats posed by
quantum computing. A key focus area for this innovation is the
security of Electric Vehicle (“EV”) charging stations, a rapidly
growing sector facing complex cybersecurity challenges. SEALSQ's
cutting-edge technology is designed to navigate the intricate
cybersecurity landscape associated with EV charging infrastructure,
addressing known vulnerabilities that could undermine the integrity
of the EV charging process. With increasing connectivity and its
critical role in the energy infrastructure, EV charging stations
represent a unique cybersecurity frontier, one that SEALSQ is
poised to secure and advance.
SEALSQ, with its expertise in semiconductor production, has
cultivated a robust customer base encompassing major names across
diverse industries, underscoring the company's market diversity and
global reach. This customer base includes industry giants such as
CISCO, a SEALSQ partner for now 15 years, AB Circle Limited, MCM
Japan LTD, L&G, HID, LEGIC IdentSystems AG, BK Technologies
Corporation, Blueberi Gaming USA Inc., and Medtronic, among others.
These collaborations span a multitude of sectors, demonstrating the
versatile and critical role of semiconductors in various
domains.
As SEALSQ continues to innovate and expand, it reaffirms its
role as a leader in semiconductor technology, poised to meet the
evolving needs of the global market and setting new standards in
cybersecurity and IoT integration.
About SEALSQSEALSQ focuses on
selling integrated solutions based on Semiconductors, PKI and
Provisioning services, while developing Post-Quantum technology
hardware and software products. Our solutions can be used in a
variety of applications, from Multi-Factor Authentication tokens,
Smart Energy, Smart Home Appliances, 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 please visit
www.sealsq.com.
Forward-Looking StatementsThis
communication expressly or implicitly contains certain
forward-looking statements concerning SEALSQ Corp and its
businesses. Forward-looking statements include statements regarding
our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include SEALSQ's
ability to implement its growth strategies; SEALSQ’s ability to
generate revenue from emerging new semiconductors; SEALSQ’s ability
to generate revenue from Matter certification and the new cyber
trust mark standards; the successful introduction of the WISeSat
picosatellite constellation; SEALSQ's ability to continue
beneficial transactions with material parties, including a limited
number of significant customers; market demand and semiconductor
industry conditions; and the risks discussed in SEALSQ's filings
with the SEC. Risks and uncertainties are further described in
reports filed by SEALSQ with the SEC.
SEALSQ Corp 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.
Press and investor
contacts:
SEALSQ
Corp.Carlos MoreiraChairman & CEOTel: +41 22 594
3000info@sealsq.com |
SEALSQ Investor Relations
(US)The Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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