Sealsq Corp Stock Price, News & Analysis

SEALSQ Corp (NASDAQ: LAES) has begun quality and functional testing of its quantum-resistant hardware platform, QS7001. The company is on track for 2025 production and delivery of its Quantum-Resistant Secure Chips portfolio, including the QS7001 Open Platform and QVault TPM. The QS7001 is a RISC-V-based platform with CCEAL5+ certification, supporting Kyber and Dilithium algorithms. The global TPM market is projected to reach $5.97 billion by 2030 with a 10.8% CAGR, while the ASIC market is expected to hit $35.5 billion by 2030 with an 8.2% CAGR.

SEALSQ Corp (NASDAQ: LAES) announced its advancement in post-quantum chips designed to protect critical infrastructure against quantum cyberattacks. The company's chips feature certified quantum-resistant security, specifically engineered to safeguard sectors like healthcare, energy, finance, and agriculture from future quantum decryption threats. SEALSQ is collaborating with major electronics manufacturers to develop customized quantum-resistant chips, positioning itself as a key player in securing digital and robotic ecosystems during the transition to automation.

SEALSQ Corp (NASDAQ: LAES) provided an update on addressing its non-compliance with Nasdaq's minimum bid price requirement. The company has until January 28, 2025 to regain compliance, requiring its shares to trade at $1.00 or above for at least 10 consecutive business days. SEALSQ aims to achieve compliance through its semiconductor segment activities. If unsuccessful, the company plans to request an additional 180-day extension, confirming it currently meets all necessary criteria for such an extension. The company may consider a reverse stock split if needed to maintain Nasdaq listing.

SEALSQ (NASDAQ: LAES) announced strengthening its strategic collaboration with parent company WISeKey to integrate cutting-edge technologies across three verticals: semiconductors, satellite connectivity, and blockchain. The partnership combines SEALSQ's post-quantum cryptographic chips with WISeKey's cybersecurity and IoT solutions. Key developments include advanced semiconductor solutions for IoT sensors, WISeSat's low-earth orbit nanosatellite connectivity, and the SEALCOIN platform for blockchain-enabled M2M transactions. The SEALCOIN Beta release is expected in Q1 2025 on the Hedera TestNet, with SEALSQ serving as a semiconductor supplier through SEALCOIN AG.

SEALSQ Corp (NASDAQ: LAES) announced its alignment with the newly adopted COP29 standards to enhance sustainability in the IoT industry. The company is integrating blockchain technology to provide transparent carbon credit tracking and management, following the establishment of new carbon crediting framework standards at the UN COP29 climate summit in Baku, Azerbaijan. SEALSQ's initiative, in collaboration with CarbonMinus, aims to address challenges in carbon markets through a digitized, fraud-resistant system that enables companies to efficiently manage CO₂ offsets and contribute to global climate goals while maintaining operational efficiency.

SEALSQ Corp (NASDAQ: LAES) announced progress in custom ASIC development projects across India, Spain, and Saudi Arabia. The company specializes in developing application-specific integrated circuits with embedded post-quantum cryptographic algorithms for various sectors including telecommunications, automotive, and healthcare. The global ASIC market is projected to grow from $24.6 billion in 2023 to $41.7 billion by 2030, with a 7.8% CAGR. SEALSQ's ASICs utilize MOS technology to deliver high-density performance and security features, positioning the company strategically in the semiconductor market amid growing US-China competition.

SEALSQ Corp (NASDAQ: LAES) announced its secure digital identity ecosystem for strengthening 5G networks against cyber threats and protecting user privacy. The system leverages Public Key Infrastructure (PKI) with WebTrust Roots and Root Certificate Authorities as its foundation. The technology focuses on quantum-resistant cryptographic solutions to address future quantum computing threats to traditional cryptography.

The ecosystem serves various industrial sectors including manufacturing, automotive, healthcare, energy, agriculture, and logistics. Through WISeKey's Root of Trust integration, the solution enables secure device authentication and communication within 5G networks, supporting compliance with regulatory standards and facilitating faster adoption of new technologies across sectors dependent on data integrity.

SEALSQ (NASDAQ: LAES) announced it will showcase the integration of its VaultIC292 Secure Element with ESPRESSIF's ESP32 Microcontroller at Electronica 2024 in Munich. The demonstration will feature a MATTER device commissioning process, highlighting how the integration enhances security for IoT applications. The combination of ESP32's low-cost, low-power capabilities with VaultIC292's secure element provides robust protection for IoT devices using the MATTER protocol, enabling secure key storage, cryptographic operations, and device authentication. The showcase will be available at Hall C4, Booth 119 from November 12-15, 2024.

SEALSQ Corp (NASDAQ: LAES) is hosting a webinar titled 'The Day After Tomorrow: IoT Security in the Post-Quantum Age' to showcase their latest advancements in post-quantum technologies. The webinar will focus on how quantum computing impacts cybersecurity and the importance of post-quantum cryptography (PQC).

Key topics include the disruption of traditional cybersecurity by quantum computing, AI's role in quantum security, and SEALSQ's post-quantum semiconductor technology. The event will address how PQC can ensure data security and what steps organizations should take to prepare for the quantum era. The webinar starts at 11:00 am ET (4:00 pm CET).