Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding has appointed Ouided Bouchamaoui, a Nobel Peace Prize laureate, to its Advisory Committee, focusing on safeguarding digital identity amid the 4th Industrial Revolution. Bouchamaoui, known for her pivotal role in Tunisia's transition to democracy post-Arab Spring, brings extensive experience in leadership and human rights advocacy. Her involvement aims to bolster WISeKey's strategy in cybersecurity and digital identity protection. This strategic move underscores WISeKey's commitment to addressing the challenges of digital identity in modern society.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced its FY 2022 revenue guidance, expecting a 10% increase to over $24.5 million from $22.3 million in 2021, despite divesting arago GmbH. The company reports strong demand in cybersecurity and IoT sectors, with a semiconductor backlog of $37 million and a $100 million opportunity pipeline. Projects like the WISeSat satellite and the WISe.ART NFT platform contribute to revenue growth, while the divestiture has reduced cash burn by 40%. WISeKey anticipates continued growth driven by IoT sales, projected at over 35% in 2023.

WISeKey has partnered with the Swiss Armed Forces to enhance space-related activities using WISeSAT/Fossa low-orbit picosatellites. This collaboration aims to bolster data security and communications via a constellation of small satellites. WISeKey has already launched 13 satellites and plans to deploy an additional 88 by the end of 2024. Their turnkey IoT connectivity-as-a-service will reduce communication costs and complexity for businesses. The technology features advanced security elements for robust data encryption and authentication.

On October 11, 2022, at the ONUART #OneHumanity event in Geneva, WISeKey International Holding Ltd (NASDAQ: WKEY) and the OISTE.ORG Foundation minted an AI-created NFT. This symbolic act occurred in the Human Rights and Alliance of Civilizations Room, emphasizing the fusion of art and technology. The NFT embodies a lyrical performance by tenor Jonas Kaufmann, reflecting a partnership aimed at enhancing public discourse on AI and global development. WISeKey is leveraging its blockchain and NFT platforms to secure digital identities and art.

WISeKey International Holding Ltd (NASDAQ: WKEY) and the OISTE.org Foundation showcased AI and Digital Identity at a Global Dialogue in Geneva on October 10, 2022. Co-organized by the United Nations Alliance of Civilizations, the event aimed to enhance public-private partnerships to foster innovation and inclusiveness. CEO Carlos Moreira emphasized the importance of decentralized digital identity technologies aligned with the UN's Sustainable Development Goals, advocating for secure personal digital identities by 2030 as fundamental human rights. The dialogue brought together leaders to discuss AI's role in public affairs management.

WISeKey International Holding Ltd (NASDAQ: WKEY) reported preliminary results for the first nine months of 2022, revealing a 69% increase in revenue to $20.5 million compared to the same period in 2021. Q3 2022 revenue reached $7.9 million, a 44% rise year-over-year. The company holds a backlog of $37 million for IoT semiconductors and a pipeline of $100 million in opportunities. Despite challenges in the semiconductor supply chain, WISeKey's robust cash position of $20 million supports its growth initiatives.

WISeKey is selected as a solutions provider for Spain's Smart Agro Project, focusing on the digital transformation of the agri-food value chain. This initiative involves public-private collaboration among 11 Provincial Councils and over 30 companies. WISeKey will utilize its IoT technology and secure satellite communication to support project goals. The collaboration aims to enhance digital solutions in agriculture, leveraging WISeKey's expertise in cybersecurity and IoT, which includes over 1.6 billion microchips deployed across various sectors.

WISeKey has partnered with Gibraldrone to enhance drone technology through WISeSAT satellite communications and security solutions. Announced at the Smart Agrifood Summit in Málaga on September 29, 2022, this collaboration aims to provide end-to-end security for drone data services and connections. Gibraldrone, which is expanding its market capabilities, will utilize WISeKey’s IoT security connections to differentiate its services, including emergency support for forest fires and underwater inspections. This partnership underscores WISeKey’s commitment to innovation in the cybersecurity and IoT sectors.

WISeKey has been selected by ODIN Solutions to integrate its secure technology within ODIN's IoT sensors, leveraging VaultIC Secure elements and Satellite connectivity. This partnership aims to enhance business opportunities by combining expertise in IoT and cybersecurity for applications in Smart Cities, Smart Agriculture, and Industry 4.0. ODIN plans to use WISeKey’s technology to improve waste management, water quality monitoring, and other environmental initiatives. WISeKey's digital identity ecosystems support an extensive range of IoT sectors, with over 1.6 billion microchips deployed.