WISeKey Congratulates its Partner PLD
Space, From the NASDAQ Tower In New York, For the Successful Launch
of MIURA 1
- PLD Space, a Spanish company, signed a strategic alliance with
WISeSat.Space to launch the next generation of ultra-secure
satellites of less than 500 Kg. for Quantum-Ready IoT
communications with the MIURA 5 orbital launcher.
- The launch of MIURA 1 makes PLD Space the company that launches
the first private rocket in Europe.
- For the development of MIURA 5, PLD Space is tripling its
current industrial capacity and will hire 150 employees until the
end of 2024.
- Nasdaq Tower link:
https://youtu.be/k6ObOYQqGhk?si=hfww3Tm09HtlAHPQ
Geneva - October 16, 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
partner, PLD Space, in an exciting advance for the space industry
and technological innovation, is transforming the landscape in
Spain and placing Elche, Teruel, and Huelva at the epicenter of the
global space revolution. In the early hours of October 7, a
historic milestone materialized with the successful launch of the
first privately Spanish rocket into space: Miura 1. This
achievement marks a turning point in Spain and Europe's
independence in the field of satellite launches, quantum
communication security, and low-orbit satellite design and
manufacturing.
This goal, initially seeming virtual, is now becoming a reality
with tangible results from companies like WISeKey, Fossa, and PLD
Space. These companies, with their respective technologies, are
paving the way toward creating the first phase of the Center for
the Fourth Industrial Revolution.
With an estimate of 3,000 million connected objects in the
coming years, the space revolution led by these entrepreneurs from
Elche promises to transform the world of connected objects. Spain
is on the path to becoming key players in the space and
technological industry, and their bold vision is opening new
frontiers in space and innovation in the fourth industrial
revolution. This exciting journey promises to change the way we
view space and its role in our future.
While the term "commercial space economy" has often been used
without a clear definition of its limits in its initial stages,
this multifaceted industry goes far beyond space tourism and
continues to expand.
In 2021, the global space economy as a whole was estimated to
reach $469 billion, an increase of over 60% compared to estimates
made just a decade earlier. According to BofA Global Research's
perspective, this growth trend is likely to continue, reaching
approximately $1.1 trillion by the year 2030.
What drives this growth? While it's clear that governments
around the world no longer have a monopoly in space, they continue
to be key drivers of investment. In fact, the European Union (EU)
announced in early 2022 that it will invest approximately $15
billion over the next five years in space exploration programs,
Earth monitoring, and satellite launching.
This growth in the commercial space economy is due to a series
of factors, including not only the expansion of space tourism but
also the boom of new space companies that are developing innovative
technologies, such as low orbit satellites for global connectivity
and the rise of space mining. In addition, growing international
collaboration on space projects is opening new opportunities and
horizons.
The commercial space economy is a rapidly growing field that
encompasses much more than space tourism, and its growth potential
is significant thanks to ongoing government investment and
technological innovation. Space has become fertile ground for
exciting business opportunities, and the future of this industry
promises to be extraordinary.
About PLD SpacePLD Space is the first company
to develop and launch a private rocket in Europe. Headquartered in
Elche (Alicante), PLD Space designs, develops, manufactures, and
operates reusable orbital micro-launchers that send satellites of
less than 500 kg into space, materializing in the suborbital MIURA
1 and the orbital MIURA 5.PLD Space was founded in 2011 by Raúl
Torres and Raúl Verdú with the purpose of facilitating European
access to space. Currently, the company -which has obtained more
than 65 million in financing to date- has a team of more than 150
professionals distributed in three centers located in Elche,
Teruel, and Huelva, totaling more than 150,000 m2 of industrial
facilities.
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.
About WISeSAT AG:WISeSAT AG, is a pioneering
space branch of WISeKey International, a global leader in
cybersecurity. It is at the forefront of creating ultra-secure
picosatellite solutions in collaboration with its ally FOSSA
Systems. It leads the cause of secure IoT communication through
space networks, leveraging the latest cryptographic innovations to
ensure secure and instant data exchanges between various sectors,
safeguarding the inviolability and privacy of transmitted data.
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
|
PLD SpaceMaria ClimentCommunication Manager Tel:
660493167, maria.climent@pldspace.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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