WISeKey Strengthens its Smart Card Reader Chips Business for Healthcare Applications and Renews Agreement with HID Global, an ASSA ABLOY Company
November 19 2021 - 12:27PM
WISeKey
Strengthens its
Smart
Card
Reader
Chips
Business for
Healthcare Applications
and Renews Agreement with HID
Global, an ASSA
ABLOY Company
Geneva, Switzerland –
November 19,
2021: Ad-Hoc announcement
pursuant to Art. 53 of SIX Listing Rules - WISeKey
International Holding Ltd (“WISeKey,” SIX: WIHN / Nasdaq: WKEY), a
leading global Semi-conductor, AI and IoT company, announced today
that it is renewing its supply business agreement for Smart card
readers with HID Global, one of the global leaders in this field
belonging to the ASSA ABLOY group. In 2022, WISeKey will be
supplying HID Global with high-end smart card reader chips, to be
used for the OMNIKEY® card readers product range, targeting
applications in healthcare, pharmaceutical, financial services etc.
and used by public or private organizations seeking high security
and performance in access management. (Link to the Nasdaq Tower
video is available at
https://www.youtube.com/watch?v=FIfrFSiA-t4).
“Properly implemented smart cards in all sectors have proven
highly effective in reducing fraud and securing infrastructures and
services. The growing security concerns, particularly within the
public sphere, are propelling the growth of smart card readers’
market. WISeKey is well positioned to respond to this surging
demand with its range of reader chips,” said Bernard Vian, General
Manager for WISeKey Semiconductors. “We are thrilled and honored of
the renewed confidence by our long-term partner HID Global, that
rewards our commitment to provide high quality services and
products to our clients.”
“Market evolution confirms that identification and
authentication technologies are providing differentiating
advantages on projects requiring high security. With the OMNIKEY®
readers and reader modules, HID Global helps organizations maintain
security and efficiency by allowing only authorized accesses across
different physical and digital spaces — all while ensuring
compliance to stringent regulations. We are delighted with this
long-term partnership to offer our clients and partners secure and
easy-to-integrate OMNIKEY® products blending seamlessly into their
technical and structural environment,” said Thierry Roz, Managing
Director of RFID Business Unit, Extended Access Technologies, HID
Global.
According to Market & Markets, the smart card market is
projected to reach $16.9 billion by 2026 from $13.9 billion in 2021
with 75% of the value generated by cards & readers. The robust
financial system that is being increasingly digitized and
government agencies incorporating smart chip-based systems for
better monitoring of processes are propelling several countries to
adopt smart card solutions, specifically in the transportation,
BFSI, retail, government, and healthcare sectors. In addition to
information security, smart card-based systems ensure greater
security of services and equipment by restricting access to only
authorized users. Thus, the security & access control segments
are projected to grow at the highest CAGR of the smart card
market.
Powered by more than 20 years of design and research experience
in secure products for the smart card industry (including Banking),
WISeKey’s comprehensive and highly competitive portfolio of Smart
Card Reader chips enables customers to obtain secure,
high-performance chips for virtually any market segment from a
single vendor. WISeKey and its ecosystem of partners offers
hardware platforms alone and with integrated third-party
applications, allowing customers to quickly build smart card
readers without requiring custom development. Based on 8/16-bit
RISC processors, WISeKey’s Smart Card Reader chips are EMV-CO
compliant and equipped with DC/DC for a wide compatibility. WISeKey
products are recognized today by industry leading OEMs, such as HID
Global, that leverage these chips unique capabilities to combine
outstanding product performance with fast time to market.
An illustration is the OMNIKEY® product range, which embeds
Wisekey chips for several of its models and has been designed by
HID Global to support any smart card for any application on any
computer. They are certified to all relevant industry standards
including PC/SC, WHQL, USB CCID, EMV 2000, Common Criteria and
ensure world-wide compliance and easy integration in any system.
The latest reader has an integrated cryptographic module supporting
enhanced security schemes such as Secure Identity Object™
(SIO).
To learn more about WISeKey’s Card readers and security
solutions,
visithttps://www.wisekey.com/products-services/secure-semiconductors/smart-card-readers/
The HID Global and OMNIKEY trademarks are owned by ASSA
ABLOY.
Press and investor
contacts:
WISeKey:
Carlos Moreira
WISeKey Investor
Relations (US)Chairman & CEO
Lena
Catiinfo@wisekey.com
lcati@equityny.comTel.
+41 22 594 3000
Tel. +1 212
836-9611
About WISeKeyWISeKey (NASDAQ:
WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity
company currently deploying large scale digital identity ecosystems
for people and objects using Blockchain, AI and IoT respecting the
Human as the Fulcrum of the Internet. WISeKey microprocessors
secure the pervasive computing shaping today’s Internet of
Everything. WISeKey IoT has an install base of over 1.6 billion
microchips in virtually all IoT sectors (connected cars, smart
cities, drones, agricultural sensors, anti-counterfeiting, smart
lighting, servers, computers, mobile phones, crypto tokens etc.).
WISeKey is uniquely positioned to be at the edge of IoT as our
semiconductors produce a huge amount of Big Data that, when
analyzed with Artificial Intelligence (AI), can help industrial
applications to predict the failure of their equipment before it
happens.
Our technology is Trusted by the OISTE/WISeKey’s
Swiss based cryptographic Root of Trust (“RoT”) provides secure
authentication and identification, in both physical and virtual
environments, for the Internet of Things, Blockchain and Artificial
Intelligence. The WISeKey RoT serves as a common trust anchor to
ensure the integrity of online transactions among objects and
between objects and people. For more information, visit
www.wisekey.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
article 652a or article 1156 of the Swiss Code of Obligations or a
listing prospectus within the meaning of the listing rules of the
SIX Swiss Exchange. 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.
###
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Feb 2024 to Mar 2024
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Mar 2023 to Mar 2024