WISeKey and Caspian Container Launch the Smart Container Consortium at the Global Freight Summit in Dubai
November 16 2023 - 8:20AM
WISeKey and Caspian Container Launch the
Smart Container Consortium at the Global Freight Summit in
Dubai
Dubai / Geneva, November 16, 2023 – WISeKey
International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a
leader in cybersecurity, digital identity, and Internet of Things
(IoT) solutions operating as a holding company, in collaboration
with Caspian Container Company SA, part of Integral Group, today
announced the formation of a groundbreaking consortium at the
Global Freight Summit in Dubai.
This pioneering initiative, known as the Smart Container
Consortium, is dedicated to revolutionizing container logistics
through the deployment of IoT-enabled devices and sensors. This
innovative approach ensures global, real-time tracking and tracing
capabilities via the WISeSat Satellite constellation.
Innovative Technology for Global LogisticsThe
Consortium's primary focus is to equip every container of the
Caspian Container Company with WISeKey's cutting-edge sensor and
Secure Element from its esteemed VaultIC family. This secure
microcontroller is designed for seamless integration by
manufacturers into any object and is provided as a provisioning
service. It represents a significant technological leap, forming
the backbone for data and value transfer in the Machine
Economy.
A Collective Venture for Technological
EvolutionThe Consortium has garnered the support of
several industry leaders, including Bernardino Abad S.L., FOSSA
Systems, Avant iot, SEALSQ Corp (Nasdaq: LAES), and others. These
partnerships aim to spearhead technological advancements in the
logistics sector, transforming ordinary containers into smart,
IoT-enabled devices for efficient global tracking.
The smart container market is expected to grow significantly,
with projections indicating a rise from $2.83 billion in 2022 to
$3.37 billion in 2023. This Consortium is poised to play a crucial
role in this expansion.
Carlos Moreira, CEO of WISeKey, expressed, “Our renewed
collaboration with Integral Group propels our partnership into the
space, as we jointly sculpt this integrated smart container
solution using PKI, IoT, and Blockchain technologies for the
Caspian Region. United, we aim to carveout growth trajectories for
start-ups in the Caspian Region, underpinned by algorithmically
balanced ecosystems of trading and investment platforms.”Murat
Seitnepesov, Chairman of the Board at Integral Group, expressed
enthusiasm about the collaboration with WISeKey: "This partnership
marks a milestone in enhancing trade and logistics connectivity in
the Greater Caspian Sea region."
About Caspian Container CompanyCaspian
Container Company aims to revolutionize logistics connectivity in
the Greater Caspian Region through containerization. In partnership
with DP World, it focuses on developing and digitalizing logistics
in the region and beyond. Caspian Container Company:
www.cccsa.ch
About Integral GroupIntegral Group is a leading
force in commodity trading, logistics, and digital projects in the
Greater Caspian Region. It's a partner of the World Economic Forum
and organizer of the Caspian Week Forum in Davos. Integral Group:
www.integral-commodities.ch
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
3000info@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
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.
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