SEALSQ Launches SEALBOX TM
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With the proliferation of IoT devices, cybersecurity is becoming increasingly critical. The launch of SEALBOXTM by SEALSQ Corp represents a significant step forward in securing IoT devices at the manufacturing stage. The process of provisioning, which involves securely generating and installing digital certificates for device identity, is essential for preventing unauthorized access and ensuring the integrity of the device throughout its lifecycle. The complexity of this process, especially in light of stringent standards like the European Cyber Resilient Act, necessitates sophisticated solutions like SEALBOX.
By automating the generation and provisioning of trusted certificates, SEALBOX not only enhances security but also streamlines the manufacturing process. This can lead to cost savings for manufacturers and faster time-to-market for new devices. The use of PKI-as-a-Service INeSTM, in conjunction with secure programming technology, indicates a robust approach to addressing the challenges of device authentication and data integrity. As IoT devices become more integrated into critical infrastructure, solutions like SEALBOX could become indispensable for compliance with emerging regulations and standards.
SEALSQ Corp's strategic move to introduce SEALBOX into the market is indicative of the growing need for end-to-end security solutions in the IoT sector. As the IoT space expands, the demand for secure provisioning solutions is expected to increase, given the heightened risks associated with connected devices. SEALSQ's entry with SEALBOX could position them favorably within this niche market.
Investors and stakeholders should note the potential for increased revenue streams for SEALSQ as IoT device manufacturers seek to comply with industry standards and regulations. Additionally, the partnership with Trusted Objects to develop the necessary hardware for SEALBOX may signal potential for future collaborations and innovations. The market for IoT security products is competitive, but the emphasis on a fully integrated system that complies with prominent standards could give SEALSQ a competitive edge.
Long-term, the success of SEALBOX will depend on its adoption by manufacturers and the ongoing evolution of IoT security standards. If SEALBOX becomes a de facto standard in the industry, it could lead to significant market share growth for SEALSQ. Conversely, any failure to gain traction or to keep up with rapidly changing security requirements could negatively impact the company's performance.
The introduction of SEALBOX by SEALSQ Corp could have a notable impact on the company's financials. By targeting the manufacturing phase of IoT devices, SEALSQ is tapping into a critical point in the value chain where security measures are most effective and economically advantageous. The ability to provide a secure provisioning solution that is compliant with various standards could lead to a broad customer base and a sustainable competitive advantage.
From a financial perspective, the cost efficiencies gained from automating the provisioning process can be significant. These efficiencies could translate into higher margins for SEALSQ, as the reduced labor and time costs potentially increase profitability. Additionally, the focus on compliance with standards like the US Cyber Trust Mark may open up opportunities in various markets, potentially increasing the company's global footprint and revenue.
Investors should monitor the adoption rate of SEALBOX post-launch and its reception at industry events such as the CSA Member Meeting. The market's response to this new product will be a key indicator of its future financial impact on SEALSQ. Positive feedback and early adoption by IoT device manufacturers could signal an uptrend in the company's stock performance, while any setbacks or slow market penetration could temper expectations.
A Provisioning Solution to be Showcased at Upcoming CSA Member Meeting
Geneva, Switzerland, March 14, 2024 (GLOBE NEWSWIRE) -- 
SEALSQ Corp (Nasdaq: LAES) (“SEALSQ” or “Company”), a leader in semiconductor, PKI, and Post-Quantum technology, today announced the launch of SEALBOXTM, its innovative solution for IoT device provisioning at the manufacturing level. SEALBOX is available now and it will be showcased at the upcoming CSA Member Meeting, taking place in Singapore from March 18 - 21.
SEALBOX aims to address the current challenges in the IoT device provisioning process. This process of securely generating and provisioning device identity and data requires manufacturers to use a Public Key Infrastructure (PKI) to create and install a unique digital certificate. While it presents difficulties to both manufacturers and integrators, this process is crucial to guarantee device authentication and security. Providing each device with a distinct identity is also now enforced by prominent standards such as Matter, EV-charging, OPC-UA Industry 4.0, US Cyber Trust Mark, and the European Cyber Resilient Act.
SEALBOX has been designed to help overcome these challenges, offering a fully integrated, secure, and flexible solution to automate the generation and provisioning of trusted certificates, as well as firmware data provisioning, during the device’s manufacturing phase. It leverages SEALSQ’s PKI-as-a-Service INeSTM, along with breakthrough secure programming and provisioning technology and hardware developed by SEALSQ’s partner, Trusted Objects.
Deployed in production and connected to a factory programmer, SEALBOX is natively connected to the INeS PKI cloud platform. The secure box automates the certificates generation and recovery from INeS, ensures certificates secure storage in production, and enables the secure provisioning of private keys and certificates up to the IoT device based on any kind of MCU or MPU. It is also capable of provisioning additional essential data like device firmware under a secure framework.
“The launch of SEALBOX marks SEALSQ’s further penetration down the value-chain. By adding another layer to our vertical suite of security products and services, SEALSQ is well-positioned to help IoT Device Makers seamlessly achieve all market standards compliance. We are proud to offer this powerful, all-in-one solution to the market,” said Gweltas Radenac, IoT Business Unit Director for SEALSQ.
About SEALSQ
SEALSQ stands at the cutting edge of technological innovation, with a strategic focus on the provision of integrated solutions that incorporate advanced Semiconductors, Public Key Infrastructure (PKI), and Provisioning services. Our mission is to lead in the development of pioneering Post-Quantum technology, crafting both hardware and software products designed to withstand the emerging threats in the digital landscape. Our suite of solutions is meticulously engineered to cater to a broad spectrum of applications, enabling enhanced security and operational efficiency across various sectors.
Our product lineup is versatile, catering to diverse needs: from Multi-Factor Authentication tokens that fortify access security, to Smart Energy systems and Smart Home Appliances that embody the latest in technological advancements for a more connected, efficient living environment. Additionally, our IT Network Infrastructure solutions serve as the backbone for secure, resilient organizational operations. In the automotive sector, our innovations contribute to safer, more secure vehicular systems, while our contributions to Industrial Automation and Control Systems ensure the reliability and security critical to modern industrial operations.
At the heart of our product development efforts is the pursuit of excellence in Post-Quantum Cryptography (PQC). PQC represents a forward-looking approach to cryptography, designed to offer protection against the formidable computing power of quantum computers. As these quantum devices continue to evolve, their potential to compromise existing cryptographic standards—such as RSA and Elliptic Curve Cryptography (ECC)—becomes a tangible threat. The objective of PQC is to create cryptographic systems that remain secure in the face of these advancements, thereby safeguarding sensitive information against quantum attacks.
SEALSQ is committed to leading the charge in this new era of cybersecurity, ensuring that our clients are equipped with the most advanced, secure technology solutions. By choosing SEALSQ, you're not just selecting a service provider; you're partnering with a visionary leader dedicated to securing your digital future against the next generation of cyber threats. Our dedication to innovation, combined with our deep expertise in Post-Quantum Cryptography, positions us uniquely to protect and empower your operations in an increasingly connected and complex world.
For more information please visit www.sealsq.com.
About Trusted Objects
Trusted Objects is a leading independent player in cybersecurity technologies for embedded systems and cloud device management platforms. Trusted Objects provides innovative solutions including secure software and secure operations to dramatically enhance the whole security chain, from edge device to cloud. Thanks to its longstanding expertise, Trusted Objects designs products and solutions that change the game, with a focus on ease of integration and user-friendliness, while complying with the latest standards in terms of security.
Trusted Objects to-security products and services for constrained devices are positioned to create trust all along the value chain including edge devices, networks, clouds and manufacturing.
More information at http://www.trusted-objects.com
Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to enhance its production facilities in the U.S. and France; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; the success of SEALCOIN; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.
SEALSQ Corp 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.
| SEALSQ Corp. Carlos Moreira Chairman & CEO Tel: +41 22 594 3000 info@sealsq.com | SEALSQ Investor Relations (US) The Equity Group Inc. Lena Cati Tel: +1 212 836-9611 / lcati@equityny.com Katie Murphy Tel: +212 836-9612 / kmurphy@equityny.com |
FAQ
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