WISeKey to Establish WISeAI, a Joint Venture with German Artificial Intelligence Leader arago, Blending AI, IoT and Cybersecu...
August 26 2020 - 12:16PM
WISeKey to Establish WISeAI, a Joint
Venture with German Artificial Intelligence Leader arago, Blending
AI, IoT and Cybersecurity into a Trusted European
Platform
ZUG, Switzerland & GENEVA & Frankfurt,
Germany – August 26, 2020 - WISeKey International Holding
(“WISeKey”, SIX: WIHN, NASDAQ: WKEY), a leading cybersecurity IoT
company has reached a final agreement with arago to
incorporate WISeAI AG, a joint venture (JV) in Switzerland.
WISeKey and arago join forces to implement the
first ever end-to-end AIoT platform with the codename WISeAI
resulting from the groundbreaking combination of their industry
leading products: arago’s AI based Knowledge Automation and Data
platform HIRO and WISeKey’s Cybersecurity, European Root of Trust
and IoT/semiconductors technologies. AIoT integrates
semiconductors, smart sensors, IoT systems, Artificial Intelligence
and a data cloud to deliver to customers a unique
offering to power innovation and digital transformation. Using
WISeKey’s cybersecurity technology and IoT network, data will be
collected in HIRO where it can be processed and through automation
acted upon in real time in a highly secure environment.
AIoT is the brain that will power the nervous
system of the network of IoT objects operating in the WISeKey
Ecosystem, which currently connects over 1.6 billion IoT devices
secured with WISeKey’s VaultIC. With the introduction of 5G, the
EcoSystem will continue to grow at a much faster rate as 5G will
enable the connection of every object, person, and machine. AIoT
will embed AI into the core infrastructure components of the
EcoSystem including Root of Trust, semiconductors, and edge
computing. Specialized APIs are then used to provide
interoperability between components at the device, software and
platform level to optimize system and network operations.
Data processed through AIoT is then collected and made
accessible to extract value and enhance market intelligence and
knowledge for customers. AIoT also enables secure automation
of actions and business decisions based on real time data and
enables IoT to work independently with minimal human support,
unlike the current state of the market which requires that all
actions be coded in advance based on pre-defined scenarios.
With the use of AI algorithms and predictive maintenance
implemented through AIoT, IoT devices will have the capability to
dynamically determine actions to take decisions and self-program
based on analytics and customer defined knowledge, resulting in
lower operating and maintenance costs for providers.
The overarching objective of the JV is to
establish a foothold into the AIoT market to maximize near-term
revenue, while at the same time create significant market
opportunities in sectors such as industry 4, retail, financial
transaction, automotive, smart cities, consumer products,
healthcare, smart cards, industrial, transportation, and IT
infrastructure. AI plays a growing role in IoT applications
and deployments. Both investments and acquisitions in startups that
merge AI and IoT have climbed over the past two years. Major
vendors of IoT platform software now offer integrated AI
capabilities such as machine learning-based analytics.
The value of adding AI to the WISeKey platform
is its ability to quickly wring insights from data. Machine
learning, an AI technology, brings the ability to automatically
identify patterns and detect anomalies in the data that smart
sensors and devices gather such as temperature, pressure, humidity,
air quality, vibration, and sound.
WISeKey’s strategy to leverage its technology
platform via long-lasting relationships with a strategic partner,
is designed to bring a stream of high-profile clients that are in
high demand for cybersecurity solutions, such as AI, digital
identity and privacy, secure mobile communication, secure cloud
computing, IoT, secure semi-conductors, Blockchain and other
innovative technologies offered by WISeKey.
About arago GmbH, Eschersheimer
Landstraße 526, 60433 Frankfurt am Main (AG Frankfurt, HRB
100909) is a German technology private company which aim is to
provide the benefits of Artificial Intelligence to enterprise
customers globally through Knowledge Automation. Founded
in Frankfurt am Main in 1995 the company develops and
uses modern technologies such as inference and machine learning in
order to automatically operate any business process.About
WISeKey:
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN,
NASDAQ: WKEY) 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 1.5 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.Press and
investor contacts:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com |
WISeKey Investor Relations (US)
Contact: Lena Cati The Equity Group Inc. Tel: +1
212 836-9611 lcati@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,
or within the meaning of any other securities regulation. 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.
The securities offered will not be, and have not been,
registered under the United States of America Securities Act of
1933, as amended, and may not be offered or sold in the United
States of America, absent registration or an applicable exemption
from the registration requirements of said Act.
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