SEALSQ’s Post-Quantum Semiconductor Technology Fortifies Cryptocurrency Security
December 28 2023 - 7:00AM
December 28, 2023: 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 that its post-quantum
semiconductor technology based on cutting-edge cryptographic
algorithms, is specifically designed to withstand attacks from and
secure cryptocurrency transactions against the looming threat of
quantum computing. This advanced technology addresses the
vulnerabilities of current blockchain accounting systems, bolsters
the defenses of digital currencies in the quantum age, and
represents another stride by SEALSQ in securing the digital
financial ecosystem
Cryptocurrencies, currently safeguarded by
public key cryptography, face a significant security challenge with
the advent of quantum computing. Traditional cryptographic methods,
though robust against current computational capabilities, are
susceptible to quantum attacks, which could lead to compromised
transactions and weakened trust in digital currencies.
SEALSQ’s post-quantum semiconductor technology
utilizes cutting-edge cryptographic algorithms that are resistant
to quantum computing attacks. These algorithms, integrated into the
hardware, ensure the highest level of security for cryptocurrency
transactions, safeguarding them from potential quantum
breaches.
Carlos Moreira, CEO of SEALSQ, noted, "The
future of digital currency depends on the ability to stay ahead of
technological cyber advancements. Our post-quantum semiconductor
technology is a game-changer, offering unparalleled security and
ensuring the longevity and reliability of cryptocurrency
transactions."
This technology not only secures existing
blockchain infrastructure but also paves the way for a more secure
digital financial ecosystem. By preemptively upgrading to
quantum-resistant cryptographic methods, SEALSQ empowers
cryptocurrency platforms to future-proof their systems, maintaining
integrity and fostering continued trust among users.
SEALSQ's innovation is poised to set a new
standard in cryptocurrency security, offering peace of mind to
users and stakeholders in the digital currency space. As the world
inches closer to the quantum computing era, SEALSQ's post-quantum
semiconductor technology stands as a bastion of security, ensuring
the safe and secure continuation of digital monetary
transactions.
About SEALSQ:SEALSQ 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.
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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