WISeKey’s subsidiary WISeSat cutting-edge, security-hardened IoT nanosatellite crafted to significantly reduce satellite costs tailored for IoT deployments, gains momentum
October 04 2023 - 1:00AM
WISeKey’s
subsidiary WISeSat
cutting-edge, security-hardened
IoT nanosatellite crafted to significantly reduce satellite
costs tailored for IoT deployments,
gains
momentumGENEVA – October 4, 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, today
announced that its subsidiary, WISeSat AG which focuses on space
technology for secure satellite communication, specifically for IoT
applications, has had an eventful year in its operations, marking
its dedication to leveraging space technologies to address growing
market needs. 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.
The burgeoning New Space era is characterized by groundbreaking
technologies that not only foster progress but also offer enhanced
protection against security vulnerabilities inherent in space
systems.The imperative for space cybersecurity has never been more
pronounced. With an uptick in cyberattacks targeting space
infrastructures, there is a pressing need to fortify space systems
and ensure the safety of upcoming space ventures. As space
exploration and utilization burgeon, so too will the associated
challenges.Enter the WISeSaT Satellite – a cutting-edge,
security-hardened IoT nanosatellite crafted to significantly reduce
satellite costs tailored for IoT deployments. As satellite numbers
swell, collaborations like WISeSat and FOSSA promise to minimize
latency, targeting near-instantaneous data transfer with a fleet of
80 satellites anticipated with 17 already launched and operational.
The avant-garde FEROX satellite series delivers capabilities on par
with 6 – 12U satellites but at a mere fraction of their size,
weight, and expense.These ready-to-deploy WISeSaT platforms are
primed to furnish steadfast IoT connectivity and satellite-backed
services, facilitating tasks in remote arenas – from maritime
logistics and emergency response to agriculture and pastoral
activities.WISeKey is rolling out this avant-garde tech to its IoT
clientele via a SaaS framework. This enables seamless and resilient
urban and remote IoT communication for businesses aiming to
securely tether their resources through satellite links, spanning
vast and traditionally hard-to-reach terrains like oceans, deserts,
and mountain ranges. Priced competitively, WISeKey's Trust and
Security suite offers a holistic platform that interfaces in
real-time with WISeSat. This guarantees the authenticity,
confidentiality, and integrity of devices, data, objects, and
transactions at every juncture.
Here are the significant activities of WISeSat over the past
year:
- Investment in Fossa: As part of its strategic
expansion, WISeSat made a noteworthy investment in Fossa,
indicating its commitment to fortifying its position in the space
industry.
- Fossa WISeSat
Satellites: WISeSat, in collaboration with Fossa,
successfully launched 17 of their hardened satellites. These
satellites were launched with the help of SpaceX, marking a
significant achievement in WISeSat's space endeavors.
- Partnership with Swiss Army: A testament to
the reliability and capability of WISeSat's technology, they
entered into a partnership with the Swiss Army. This collaboration
underscores the strategic value of WISeSat's offerings in defense
and national security applications.
- Smart Container Initiative with BA Labs: In a
move to redefine container tracking, WISeSat, in partnership with
BA Labs, unveiled a new generation of smart containers. These
containers can be tracked from space, revolutionizing logistics and
supply chain management.
- WISeSat SEALSQ
Semiconductors: WISeSat took a futuristic leap by
developing a prototype of the WISeSat SEALSQ semiconductors. These
semiconductors are designed with a post-quantum roadmap, ensuring
they remain relevant and vital in a post-quantum computing
world.
- Partnership with Space Innovation: 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
- Agreement with PLD Space: In a strategic move
to expand its launch capabilities, WISeSat signed an agreement with
PLD Space. Both entities will jointly launch the Miura rocket in
2024, marking a significant milestone in WISeSat's journey.
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.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 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 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.
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