WISeKey and FOSSA
Systems to Launch New
WISeSat-Ready Satellites
with SpaceX
Geneva and Zug Switzerland – May 19, 2023 –
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq:
WKEY), a leading cybersecurity, IoT and AI company, announced that
in cooperation with FOSSA Systems (“FOSSA”) would be launching
several new WISeSat-Ready FOSSA powered satellites with SpaceX,
adding to the 13 FOSSA satellites already in orbit.
These new satellites will be part of the
80-satellite constellation which FOSSA has been planning to deploy
since early 2022, aiming to provide global and real-time IoT
connectivity for industrial applications with a 10-hour data
latency. The launch will be carried out by SpaceX on a Falcon
9 Vehicle, no earlier than June 2023.
This next-generation will deliver higher
capacity services in a commercial manner for a wider range of
applications, supporting IoT and other space-related services in
areas such as communications or remote sensing in the fields of
Signal Intelligence. The WISeSaT Satellite is a security-IoT
hardened nanosatellite designed to further drive down satellite
costs for IoT applications. As more satellites are deployed,
WISeSat and FOSSA will offer lower latency times, reaching near
real-time data with the 80 satellites projected for 2024. This new
FEROX generation of satellites provides unprecedented capabilities
comparable to that of 6 – 12U satellites in a fraction of the size,
mass, and cost.
These WISeSaT ready platforms will enable secure
and robust IoT connectivity and space-enabled services for assets
in remote locations and applications such as maritime shipment,
emergency locators, agriculture or farming.
WISeKey is offering this 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 via satellite communication covering large and unserved
geographic areas such as maritime, deserts, mountains, etc., at
affordable prices. WISeKey Trust and Security solutions offer
unique integration into an end-to-end platform that communicates in
real-time with WISeSat. Satellite by ensuring the authenticity,
confidentiality, and integrity of the devices, objects, data and
transactions.
WISeKey’s INeS platform uses state-of-the-art
cryptographic algorithms to meet the highest standards for issuing,
managing, and validating digital credentials for IoT devices,
including those connected with WISeSaT.Satellite. This platform is
scalable and can support environments for hundreds of millions of
devices and sensors, and is able to remotely collect data from the
field and transmit to the backend.
Additionally, INeS features Entity Management
(any custom attributes such as identities, group, type, role, and
life cycle), Message Security Policy Management, and Business Rules
Management. Interfacing via the cloud and connecting devices and
applications, INeS is capable of remotely identifying credentials
and controlling activation, deactivation, revocation, renewal, and
secure provisioning.
About WISeKeyWISeKey (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 installed base of over 1.6 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 leading edge of IoT as
our semiconductors produce a huge amount of Big Data that, when
analyzed with Artificial Intelligence (AI), can help industrial
applications 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.
About FOSSA
FOSSA Systems is a Spanish company that provides
dedicated space services and complete IoT solutions that enable the
transmission of information from a device located anywhere on the
planet through satellite connectivity. FOSSA provides turnkey
solutions for companies of all sizes with satellite & IoT as
its core. FOSSA is pioneering a market that currently has 10
billion connected devices and that it expects to have more than 25
billion by 2025. With their 80-satellite constellation, they expect
to connect millions of devices directly to their network, offering
global and real-time direct-to-device LPWAN coverage. FOSSA has
verticalized the manufacturing process of satellites, space
operations and ground segment services and currently has 13
satellites in orbit.
Press and Investor contacts:FOSSA Systems
S.L.Julian Fernandez at contact@fossa.systems
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