Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding Ltd (NASDAQ: WKEY) announced a new IoT anti-counterfeiting TAG, protected by U.S. Patent No. US2019/0114522 A1, aimed at enhancing the security of pharmaceutical products. The TAG can be embedded within packaging, allowing remote verification of authenticity via NFC technology. If tampered, the TAG is damaged, preventing reuse for counterfeiting. This innovation addresses rising concerns over counterfeit medications, which pose significant public health risks. The smart bottle market is projected to grow from $88.6 million in 2016 to $258.8 million by 2024, indicating a growing demand for such secure technologies.

WISeKey has announced a partnership with Rep One, a prominent sales representative organization based in Huntsville, Alabama, aimed at enhancing its market presence in North America. The agreement focuses on accelerating the business expansion of WISeKey's subsidiary, SEALSQ Corp., particularly in the Southeast U.S. through Rep One's established customer base. This collaboration will leverage Rep One's expertise in semiconductors to promote WISeKey's security offerings, which have seen increasing demand. WISeKey believes this partnership will build a strong foundation for growth, supported by its existing North American sales team.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announced that its subsidiary SEALSQ has successfully created a demonstrator of its quantum-resistant technology, utilizing NIST selected post-quantum algorithms, Kyber and Dilithium. This achievement is a key milestone for the QUASARS project, aimed at developing a Post-Quantum Hardware Security Module. The demonstrator runs on a certified secure hardware platform, reinforcing WISeKey's commitment to advancing post-quantum cryptography compliant with cybersecurity standards. The project has garnered support from the French SCS Cluster, signifying its potential in enhancing cybersecurity across various industries.

WISeKey Semiconductors has expanded its North American operations by partnering with Impact Technical Sales, a Massachusetts-based sales representative organization. This strategic agreement aims to enhance the market reach of WISeKey's subsidiary, SEALSQ Corp., specializing in semiconductors and security solutions.

Impact's 24-year legacy in embedded computing will bolster WISeKey's customer access across various sectors such as IoT, AI, and industrial automation. Supported by WISeKey's North American sales team, this partnership positions WISeKey to leverage growing demand for its offerings in the Northeast.

WISeKey has announced the development of WISe.Social, a new authenticated social media platform powered by its< b> WISeID digital identity service. This platform aims to provide a trusted environment for users to share data and ideas without the interference of advertising or data collection. WISe.Social will feature three levels of identity verification, promoting security and trust among users. The service is designed to combat misinformation by integrating identity management with social networking. Limited testing for WISe.Social is set to begin with 10,000 users before its full launch in May 2023.

WISeKey International Holding announced a public filing for a proposed spin-off of its semiconductor business, SEALSQ Corp, through a registration statement on Form F-1 with the SEC. The company plans to distribute 20% of SEALSQ's shares to its shareholders as a partial spin-off. The transaction aims for completion in the second quarter of 2023, contingent on SEC approval and shareholder agreement. SEALSQ focuses on post-quantum computing across various industries. The board believes this spin-off represents a significant opportunity given current market conditions and increasing cybersecurity regulations.

WISeKey International Holding (NASDAQ: WKEY) has announced the deployment of its security chips in IoT devices for Smart Cities at the "Imagination in Action 2023" event in Davos. CEO Carlos Moreira highlighted the significance of post-quantum cryptography in enhancing cybersecurity against threats from quantum computers, with hybrid solutions expected by 2025. WISeKey's semiconductors are integral to securing IoT devices and facilitating NFT authentication on the Blockchain. The security measures proposed include real-time monitoring, automated identity checks, and improved data management to safeguard interconnected city systems.

WISeKey International Holding (WKEY) has announced a collaboration with renowned celebrity designer Bjorn Vandenberg, launching a new line of luxury NFTs on the WISe.ART platform just in time for Valentine's Day. The first collection, Royal Greens, draws inspiration from the opulence of Old Hollywood and features exclusive pieces made with platinum and emerald green highlights. Additionally, Vandenberg will unveil his Night Rider couture collection, incorporating unique high-tech elements. This innovative move marks WISeKey's expansion into the NFT space, aligning with its strategy to build a leading position in the Web3.0 revolution.

WISeKey International Holding Ltd. (NASDAQ: WKEY) has launched eTreeNFT.com, a marketplace that creates sustainable asset-based markets for sequestering CO2. With each eTree NFT purchased, a real tree is planted, contributing to carbon offset efforts. The tokens are linked to actual trees and monitored via WISeSat's low orbit satellites. CEO Carlos Moreira emphasizes that this tokenization allows for tracking and promoting tree growth, while rewarding responsible stewardship. The platform supports multiple blockchains, minimizing transaction costs. Critics raise concerns over the environmental impact of NFTs, but WISeKey argues that the benefits of ecosystem restoration far outweigh these costs.