WISeKey and SEALSQ Partner With DP World for Smart Container Integration
November 29 2023 - 9:22AM
WISeKey and SEALSQ Partner
With DP World for Smart Container
Integration
Using CARGOES, DP World’s digital suite
of enterprise and products for the world of logistic and
trade
Geneva, Switzerland, Dubai, United Arab Emirates – November 29,
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, and DP World, a global leader in international logistics
and operations based in Jebel Ali Free Zone, have announced a
landmark Memorandum of Understanding (MOU) signed on 19 November.
This MOU marks the beginning of a collaborative venture aimed at
transforming the logistics industry through innovative technology
by integrating in a single window enterprise multi-vendor platform
for sea, air and land.
The MOU sets the stage for integrating IoT-enabled devices and
IoT sensors into smart containers to be tracked and trace by the
WISeSat constellation and earth communication infrastructures. This
initiative will create a seamless, secure platform with hybrid IoT
communications. The implementation of this technology promises to
revolutionize global track and trace capabilities for shipping
containers, enhancing transparency, security, and operational
efficiency.Key aspects of the MoU:
- Integration of IoT Technologies: The plan
involves incorporating IoT-enabled devices and sensors in smart
containers. These containers will be monitored and traced by the
WISeSat satellite constellation, creating a secure, hybrid IoT
communication platform. This technology aims to enhance global
tracking and transparency for shipping containers, boosting
security and operational efficiency.
- Advanced Container Monitoring: Containers will
be fitted with IoT devices secured by WISeSAT IoT sensors, allowing
real-time tracking of their location and condition. This
integration of satellite and terrestrial IoT communications ensures
constant global connectivity.
- Sustainable and Efficient Logistics: Aligning
with DP World's sustainability goals, this initiative intends to
optimize routes and reduce carbon emissions. It promises to set new
efficiency standards in logistics, minimizing delays, errors, and
costs.
- Collaborative Industry Effort: This project is
a joint venture between industry leaders, aiming to establish a
universally adaptable platform that redefines industry standards.
It brings together experts from logistics, cybersecurity, and IoT
sectors.
- Consortium Partners: The project, named the
Smart Container Consortium, includes partners like Bernardino Abad
S.L., FOSSA Systems, Avant iot, Integral Group, SEALSQ Corp
(Nasdaq: LAES), WISeSAT.Space, and Caspian Container Company. They
aim to deploy IoT-enabled devices and sensors in containers for
real-time, global tracking via the WISeSat Satellite
constellation
- Technology Integration: The agreement focuses
on equipping containers with advanced WISeSAT IoT sensors, secured
by SEALSQ semiconductors, providing real-time data on their
location, condition, and other vital parameters. The integration of
WISeSAT Smart container platform and technology into the CargoES
platform ensures trusted and global, real-time tracking and tracing
capabilities via the WISeSat Satellite constellation and
terrestrial infrastructures enabling uninterrupted connectivity
worldwide.
- co-Conscious and Efficient Logistics: The
integration of these smart containers aligns with WISeKey and DP
World's commitment to sustainability, aiming to optimize routes and
reduce carbon emissions. This eco-friendly approach also sets new
benchmarks in logistical efficiency, reducing delays, errors, and
overall operational costs.
- Collaborative Effort and Industry Standards:
This venture is a collaborative effort involving industry pioneers,
aiming to create a universally adaptable platform that redefines
industry standards. The initiative brings together experts from
various sectors, including logistics, cybersecurity, and IoT, to
architect and advocate this unified system. As a first client of
this initiative up to 20,000 containers from Caspian Container
company will be equipped and connected during 2024.
Timeline and Definitive Agreements: The Parties will undergo a
thorough due diligence process, aiming to finalize the definitive
agreements within 45 days from the receipt of proposals. The MOU
outlines specific conditions precedent and the process for reaching
an agreement on the project's structure and management.WISeKey and
DP World along with their consortium partners, industry pioneers,
encompassing Bernardino Abad S.L., FOSSA Systems, Avant iot,
Integral Group, SEALSQ Corp (Nasdaq: LAES), WISeSAT.Space, Caspian
Container Company, and shortly others main actors from the industry
e.g. Ports and Insurances, are poised to embark on this
transformative project, setting a new course for the logistics and
shipping industry. 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
visitwww.wisekey.com.
About DP World: DP World is a leading enabler
of global trade and an integral part of the supply chain. They
operate multiple yet related businesses – from marine and inland
terminals, maritime services, logistics and ancillary services to
technology-driven trade solutions.
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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