Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding Ltd. has appointed Alvise Giustiniani to its advisory board as of April 12, 2023. Mr. Giustiniani brings over 30 years of executive experience, primarily from Philip Morris International, where he served as VP of Anti-illicit Trade, overseeing a global initiative with a $100 million pledge against illegal trade. He has a proven track record in managing large teams and significantly improving profitability during his tenure in various leadership roles. His expertise in cybersecurity and IoT will be valuable as WISeKey aims to enhance its global presence. CEO Carlos Moreira expressed confidence in Mr. Giustiniani's ability to contribute to the company's mission of securing the Internet of Things and combating counterfeiting.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announced its partnership with IMProduction and the DREAM Team Project to support the International Red Cross's 'Human Race for Children of Ukraine' campaign. The initiative will showcase historically important NFTs, with proceeds aiding Ukrainian children affected by the war. Key items include a signed Apple II schematic by Steve Wozniak and posters signed by renowned artists. WISe.ART, the company's NFT marketplace, is facilitating this effort, ensuring that 100% of proceeds go to humanitarian projects. The platform focuses on quality, security, and societal benefit, aiming to raise awareness and funds for environmental projects. This collaboration highlights WISeKey's commitment to leveraging technology for charitable impacts.

WISeKey International Holding Ltd will hold an Extraordinary General Meeting on April 27, 2023, recommending shareholders vote "FOR" proposals including a special dividend distribution of 20% of its subsidiary SEALSQ ordinary shares. The dividend will be paid in kind based on a specific distribution ratio and is subject to conditions. To avoid Swiss federal withholding tax, adjustments to capital reserves are proposed. Additionally, amendments to Articles of Association are suggested for future hybrid meetings. Participation instructions will be sent to registered shareholders.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announced on March 30, 2023, its provision of Security Services and Semiconductors to IoT device manufacturers adopting the Matter Protocol. Approved by the Connectivity Standards Alliance (CSA), WISeKey's Root Certificate Authority will facilitate Device Attestation Certificates (DACs) through its subsidiary SEALSQ Corp. This partnership aims to accelerate time-to-market for manufacturers, enhance security in smart home devices, and simplify compliance processes. The increase in Matter standard adoption is expected to improve device interoperability and security, benefiting consumers and the broader IoT ecosystem.

WISeKey International Holding Ltd. announced the effectiveness of its Registration Statement for a proposed partial spin-off of its semiconductor business, SEALSQ Corp. The SEC declared the Registration Statement effective on March 30, 2023. WISeKey plans to distribute 20% of SEALSQ’s outstanding Ordinary Shares to holders of WISeKey Class B and Class A Shares as a dividend in kind. The transaction is expected to finalize around May 10, 2023, pending approvals, including from WISeKey shareholders and for SEALSQ's listing on NASDAQ under ticker LAES. The Extraordinary General Meeting of Shareholders is scheduled for April 27, 2023.

WISeKey has expanded its North American operations by signing a Sales Representative Agreement with CJR Associates, effective immediately. This marks the third partnership established in 2023, enhancing WISeKey's reach across key regions including the Northeast, Midwest, and Southeast. CJR Associates, a New Jersey-based organization, has extensive experience in the semiconductor market and will leverage its existing customer database to promote SEALSQ’s products. This partnership aims to capitalize on the strong market demand for security semiconductors and identity management solutions, positioning WISeKey for significant growth.

WISeKey, a global cybersecurity leader, is integrating Generative AI into its WISeAI.IO AIoT platform. This innovative move enhances its ability to monitor cybersecurity and digital identities for users and objects, providing protection against malware and ransomware. The integration allows WISeAI to detect abnormalities through data interpretation from secure sensors. Currently connecting over 1.6 billion IoT devices, the platform aims to improve efficiency, personalization, and security of autonomous devices. By leveraging Generative AI, WISeKey's technology promises to create more intelligent and adaptive IoT devices.

WISeKey International Holding Ltd. (NASDAQ: WKEY), a global leader in cybersecurity, AI, and IoT, announced the winners of the 2022 Mayte Spínola Gold Medals. The awards ceremony, set for June 13, 2023, will be held in Times Square, NYC, and will feature NFTs minted on the WISe.ART platform. This initiative underscores WISeKey's commitment to integrating innovative technologies while recognizing excellence in art and culture. The medals celebrate achievements across various domains, including literature, fine arts, and medicine, showcasing WISeKey's role in fostering cultural engagement through digital transformation.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced a panel during the Cryptoverse Island event in Madrid from May 11-13, 2023, focused on utilizing NFTs to combat human trafficking and support NGOs like Nuevo Hogar Betania. OISTE and WISe.ART will create limited edition NFTs, featuring AI-generated art, to raise funds for this cause. Nuevo Hogar Betania provides protection and assistance to women affected by prostitution and trafficking. The organization, operational since 2012, helped 784 women and minors last year. Cryptoverse Island aims to showcase digital art and NFTs, ensuring proof of ownership through WISeKey technology.