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Tag: WISeKey International

  • WISeKey (WKEY) Gains Momentum Ahead of Pioneering Satellite Deployment

    WISeKey (WKEY) Gains Momentum Ahead of Pioneering Satellite Deployment

    After WISeKey International Holding AG (NASDAQ: WKEY) announced the impending satellite launch of its subsidiary WISeSat.Space, the company’s shares jumped 77.75% to $5.83. The mission is slated to launch from California’s Vandenberg Space Force Base on January 14, 2025, in partnership with SpaceX.

    Post-Quantum-Ready Satellites

    The forthcoming deployment will feature next-generation WISeSat satellites, equipped with cutting-edge, post-quantum-ready technology. This project ensures strong cybersecurity against risks posed by quantum computing by fusing SEALSQ’s cutting-edge Post-Quantum Chips with WISeKey’s dependable Root of Trust infrastructure.

    The satellites, which are a proof of concept, are intended to provide safe, real-time IoT connection globally and further WKEY’s commitment to improving satellite communications security.

    Increasing the Cybersecurity of IoT

    The growing demand for secure IoT communications led to the creation of WISeSat. WISeSat offers reliable, comprehensive solutions for vital sectors including infrastructure management, energy, logistics, and agriculture by fusing satellite and cybersecurity technology.

    Digital identification and authentication at the hardware level are provided via the Root of Trust (RoT) technology of the platform. When paired with SEALSQ’s Post-Quantum Chips, WISeSat ensures long-term protection against emerging threats, including those posed by quantum computing advancements.

    A Vision for Secure Digital Transformation

    WISeKey’s broader mission focuses on delivering secure digital identity solutions through innovative approaches like satellite-based systems. These satellites aim to address vulnerabilities in traditional IoT networks by offering global connectivity fortified with advanced cybersecurity measures.

    By protecting IoT data from interception and tampering, WISeSat enhances the security landscape of the digital world. The upcoming January 2025 launch marks a critical milestone for WISeKey’s role in shaping the future of satellite and IoT cybersecurity.

    WISeSat’s revolutionary approach to integrating post-quantum readiness with real-time IoT communication positions it as a leader in the convergence of satellite technology and cybersecurity. As quantum computing capabilities grow, WISeKey’s (WKEY) forward-thinking solutions ensure IoT data remains secure in an increasingly interconnected world.

  • WISeKey (WKEY) Stock Is Growing Promisingly Today, Why?

    WISeKey (WKEY) Stock Is Growing Promisingly Today, Why?

    The shares of WISeKey International Holding AG (NASDAQ: WKEY) are experiencing an upward trajectory today, marking a notable increase of 16.27% to reach $2.50, as of the last check during the midday session. This surge in WISeKey stock follows a strategic collaboration initiated by its subsidiary.

    WISeKey (WKEY) has officially disclosed that its subsidiary, SEALSQ, has entered into a collaboration with the globally acclaimed contemporary visual pop-art French artist, Ylan Anoufa. The joint venture aims to introduce the revolutionary AnoufaBears Intelligent Secure Toy, known by the codename WISeToy.

    This pioneering initiative seeks to ensure the safety of children’s online interactions by melding cutting-edge security technology with artistic ingenuity. Renowned for his distinctive AnoufaBear metal sculptures adorned with unique graffiti, strategically placed in global locales such as Paris, Miami, Hong Kong, Marbella, Nice, Cannes, Courchevel, Annecy, Warsaw, and Macao, Ylan Anoufa brings a contemporary, whimsical, and thought-provoking aesthetic to the WISeToy project.

    His celebrated work, characterized by vibrant use of color, harmony, space, and form, has garnered attention from the art world and beyond, evident in collaborations with global icons like Lenny Kravitz and the Rolling Stones, as well as esteemed brands like Porsche, Barbie, and Van Cleef & Arpels.

    The WISeToy AnoufaBears initiative responds to the growing prevalence of connected toys and devices in households worldwide. With over 40 million homes equipped with smart devices, the imperative for heightened security and privacy in children’s toys is more pronounced than ever.

    These “smart devices,” capable of utilizing cameras, microphones, or sensors with internet or Bluetooth connectivity, pose potential risks to children’s safety and privacy. Harnessing SEALSQ’s state-of-the-art cybersecurity solutions, each WISeToy AnoufaBear is embedded with advanced semiconductors that authenticate the toy’s integrity and facilitate secure connections through a parent-supervised app.

    This innovative approach ensures that the interactive experiences offered by these toys uphold the child’s safety and privacy. The collaboration with Ylan Anoufa marks a significant milestone in the ongoing endeavors of WISeKey’s subsidiary to establish a more secure digital environment for children

    By amalgamating robust cybersecurity technology with the artistic vision of Ylan Anoufa, WISeKey is establishing a new benchmark for secure and educational toys in the digital era.

  • $10M Investment Plan: WISeKey International Holding Ltd. (WKEY) Soars High After Hours

    On January 03, WISeKey International Holding Ltd. (WKEY) announced its investment plan for up to $10M in mining actives for cybersecurity in the next two years. Consequently, shares of WKEY were trading at $4.53 apiece in the after-hours on Monday.

    In the regular trading session, the stock fluctuated between $3.88 and $4.18 at 688.52K shares. After closing the session at $4.07 with an increase of 3.56%, the stock soared higher in the after hours. Hence, WKEY gained a huge 11.30% at an after-hours volume of 335.11K shares.

    The digital security technology solutions provider, WISeKey International Holding Ltd. was founded in 2015. Currently, its 17.73 million outstanding shares trade at a market capitalization of $96.84 million.

    WKEY’s Investment and Cybersecurity Plan

    The company plans to invest up to $10 million in the next two years for performing BTC mining for adapting cybersecurity technologies for helping customers defend against illicit cryptocurrency mining. WKEY will be performing the mining in its Geneva data center as well as a former Swiss military bunker situated in the Swiss Alps.

    The reason for the company entering crypto mining is to help its customers defend against crypto-jacking. Crypto-jacking means persistent or non-persistent installation by malicious cyber actors. Through the installation, they hijack the processing power of the system through the exploitation of vulnerabilities. Hence, illicitly installing crypto mining software on the victim’s systems. According to estimates, fifty out of every 100,000 devices have suffered from a crypto miner.

    Furthermore, WKEY has already created a Special Purpose Vehicle, TrusteCoin AG in Zoug for the crypto mining operations. Moreover, the company will slowly be acquiring and installing over 1000 BTC mining machines at its Swiss Alps bunker. Moreover, the secure bunker facility will in turn be connected to Geneva’s control center. In addition, the company is in search of other such bunkers in Gibraltar and the U.S as well.

    2021 Key Business Milestones

    On December 29, the company provided a summary of its key business milestones in 2021.

    According to this:

    • The expected full-year revenues of WKEY are $20 million approx., marking a 32% YOY increase.
    • The cash position of the company was $33 million at the end of the third quarter of 2021.
    • The backlog of non-cancellable purchase orders totals $33.4 million with $1.0 million new orders per week on average. This marks a growth of 500% against 2020.
    • Acquired a controlling interest in Arago with a total investment of $13.0 million.
    • Launched WISe.Art NFT platform for collectible and luxury market.
    • Developed a new semiconductor chip that works on both Android and IOS 12 devices.

    In addition to these, WKEY also secured many strategic collaborations and partnerships in 2021.