WISeKey Celebrates Third Listing Anniversary on the NASDAQ
December 05 2022 - 9:17AM
WISeKey
Celebrates Third Listing
Anniversary on the NASDAQ
Zug, Switzerland
– December 5, 2022 – WISeKey International
Holding Ltd (NASDAQ: WKEY / SIX: WIHN) (“WISeKey” or the
“Company”), a leading cybersecurity and IoT company is celebrating
its 3rd listing anniversary on the Nasdaq.
Although immediately following WISeKey’s NASDAQ
listing in December 2019, the global semiconductor / IoT segment
was severely impacted COVID related constraints in the supply of
raw materials, WISeKey’s revenue in the segment continued to
improve and 2022 was a transformative year for the Company.
Specifically, WISeKey’s FY
2022 semiconductor revenue are expected to increase by 34%
over FY 2021, while FY 2023 guidance calls for revenue to increase
by 40% as compared to FY 2022, supported by a
pipeline of opportunities of approximately $100 million.
https://www.globenewswire.com/news-release/2022/11/18/2558821/0/en/WISeKey-s-FY-2022-Semiconductor-Revenue-Continues-to-Surge-2023-to-be-a-Truly-Transformative-Year-with-Revenues-Expected-to-Grow-by-Over-40-as-compared-to-FY-2022.html
During this period we also continued to invest
in the development of certain key stepping-stones for our future.
These include the development of the WISeArt NFT auction
platform, a product for which we have a patent pending,
and the launch and Commercialization of the
WISeSat PocketQube Satellite with 13 satellites now in
orbit launched with Space X. WISeKey is offering this
IoT satellite technology to its IoT clients in a SaaS model
allowing both remote and redundant urban IoT communications for
companies seeking to securely connect their assets. WISeKey Trust
and Security solutions offer unique integration into an end-to-end
platform that communicates in real-time with the WISeSat Satellite
by ensuring the authenticity, confidentiality, and integrity of the
devices and objects.
A major milestone since the NASDAQ
listing is the entrance of WISekey on the development of a new
range of Quantum Trust Services, that will take advantage
of the latest developments in post-quantum encryption (PQE) to be
applied in real-world applications of digital signatures and
encryption using PKI and digital certificates, such as secure
communication channels (TLS), enhanced Key Exchanges and email
security (S/MIME). These services are currently based on standards
that can be improved to be resilient to quantum attacks and offer
backwards compatibility with existing counterparts. WISeKey’s
implementation of PQE is made around the concept of “hybrid
signatures” which combine in a single X.509 certificate, a
conventional signature with a second signature using a PQE
algorithm. This approach ensures backwards compatibility and opens
a new horizon of cybersecurity services.
WISeKey’s R&D group has been working with
several NIST’s candidates for the MS600X Common Criteria products,
such as Crystals-Kyber and Crystals-Dilithium, aiming to develop a
complete post-quantum cryptography toolbox to be combined with new
PKI-related Trust Services delivered by WISeKey. These post-quantum
cryptography initiatives will play a key role in controlling
vulnerability and other risks related to quantum computers
technologies which when used by hackers can give them the ability
to crack cryptography algorithms, corrupt cybersecurity and
compromise the global economy, by undermining the security
foundations of the current financial and governmental services.
These initiatives have received tremendous
support from many government entities around the world through the
sponsoring of public/private R&D projects. In particular,
WISeKey is active in key initiatives promoted by the French Agency
for Cybersecurity (ANSSI), and by the National Cybersecurity Center
of Excellence of the US NIST. The WISeKey contributions to the
projects will be Trust Services for credentials and secure
semiconductors to keep the credentials secure. Specifically,
WISeKey will offer INeS Certificate Management Service (CMS) for
issuing credentials and VaultIC secure semiconductors to provide
tamperproof key storage and cryptographic acceleration.Carlos
Moreira, CEO and Founder of WISeKey noted, “As we celebrate this
important milestone, I want to thank our employees, customers,
shareholders, and all who have supported us during this incredible
journey. I am proud of our accomplishments, and due to our
resilient team and technology we have emerged from the COVID
pandemic stronger than ever.”
About WISeKey
WISeKey (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 1.5 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 LtdCompany Contact: Carlos
MoreiraChairman & CEOTel: +41 22 594
3000info@wisekey.com |
WISeKey
Investor Relations (US)Contact: Lena CatiThe Equity
Group Inc.Tel: +1 212
836-9611lcati@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.
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Jun 2024 to Jul 2024
WISeKey (NASDAQ:WKEY)
Historical Stock Chart
From Jul 2023 to Jul 2024