WISeSAT AG, a Trailblazing Space Arm of WISeKey International Joins Space Innovation, Strengthening Switzerland's Position in Space-Based IoT Communication
September 15 2023 - 1:00AM
WISeSAT AG,
a Trailblazing
Space Arm of WISeKey
International Joins Space Innovation, Strengthening Switzerland's
Position in Space-Based IoT Communication
Geneva, Lausanne, September 15, 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, that its subsidiary
WISeSAT AG, recognized for its innovative approach in Cybersecurity
and IoT (Internet of Things) communication from space, announced
today its new affiliation with Space Innovation, a progressive
consortium of avant-garde space technology organizations. This
membership underpins the growing prominence of Switzerland as a key
influencer in pioneering space technology, placing it at the
vanguard of space-based IoT solution developments.
Historically a neutral nation renowned for its diplomatic
prowess and precision in various fields, Switzerland's emergence as
a major player in space adds another feather to its cap. WISeSAT
AG's affiliation to Space Innovation emphasizes the nation's
ambition to not only maintain its terrestrial achievements but also
to chart new territories in the vastness of space.
WISeSAT AG stands out for its secure and effective communication
strategies for connected devices, thanks to its constellation of
ultra-secure picosatellites and infrastructure. The company's
expertise in cryptographic technology and secure data management
has redefined secure IoT implementations in multiple sectors, from
urban innovation in smart cities to cutting-edge industrial
automation.
Space Innovation, a forward-thinking collective encompassing
space-centric firms, academic institutions, and research and
technology organizations, is celebrated for ushering in
technological advancements that elevate our potential in space
exploration, communication, and data gathering. Welcoming WISeSAT
AG enhances the consortium's diverse and dynamic team, infusing it
with unmatched know-how in space-centric IoT communication.
Simon Reding, Satellite Application Manager of WISeKey, stated,
"Joining hands with Space Innovation is a momentous stride for
WISeSAT AG. Our shared vision for secure IoT communication is a
testament to our dedication to advancing space technology." He
further emphasized, "Switzerland's role in this venture underscores
our nation's commitment to shaping the future of space
communication."
Jean-Paul Kneib, EPFL Professor and Director of Space
Innovation, looks forward to the collaboration with WISeSAT. “We
need to join forces to become stronger in this growing market. That
is what the Space Innovation network is all about, and WISeSAT
brings new collaborative assets.”
This alliance between WISeSAT AG and Space Innovation paves the
way for transformative discoveries in space communication, enabling
instant global connectivity and data exchange. Both organizations
are unified in their mission to amplify collaboration, share
expertise, and reshape the mode of spaceborne IoT device
communication.
About WISeSAT
AG: www.wisesat.spaceA
trailblazing Space arm of WISeKey International, a global
cybersecurity leader, WISeSAT AG is at the forefront of creating
Ultra-Secure Picosatellite Solutions in collaboration with its ally
FOSSA Systems. It champions the cause of secure IoT communication
via space-based networks, harnessing the latest cryptographic
innovations to guarantee safe and instantaneous data exchanges
across diverse sectors, safeguarding the sanctity and privacy of
the data transmitted.
About Space Innovation: Space Innovation is a
membership organization that aims at bringing together a network of
of visionary companies, research institutions, and universities
dedicated to advancing space technology and exploration. With a
focus on collaborative innovation, the consortium aims to drive
advancements in satellite communication, remote sensing, space
exploration, and related fields. By fostering partnerships and
sharing expertise, Space Innovation aims to accelerate
breakthroughs that push the boundaries of our capabilities in
space.
About WISeKeyWISeKey
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
visit www.wisekey.com.
Press and investor contacts:
WISeKey International Holding
Ltd Company 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 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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