Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding Ltd (NASDAQ: WKEY; SIX: WIHN) has made significant advancements in implementing post-quantum algorithms for its Secure Semiconductors MS6001/MS6003. Collaborating with MINES Saint-Etienne, WISeKey aims to develop cryptographic solutions resistant to quantum computing threats. The team is evaluating NIST's candidates, Crystals-Kyber and Crystals-Dilithium, augmenting existing algorithms like NTRU and ROLLO. By 2025, the company plans to offer a complete post-quantum cryptography toolbox, enhancing its PKI solutions and securing IoT devices against future cyber threats.

WISeKey International Holding has advanced its technology portfolio in cybersecurity, IoT, NFT, and the Metaverse as of August 4, 2022. The firm introduced the WISe.ART platform, enabling secure NFTs and attracting nearly 100 artists with a potential sales value of $20 million. Additionally, WISeSat offers secure satellite IoT connectivity, further expanding the IoT constellation. The new NanoSealRT semiconductor chip enhances product traceability. WISeKey also focuses on post-quantum solutions, and has joined the NCCoE project for trusted IoT onboarding.

WISeKey International Holding has appointed Nicolas Ramseier to its Advisory Committee to enhance market penetration for the WISe.ART NFT platform and other FinTech initiatives. Ramseier, with a strong background in banking and sustainability, will leverage his expertise in smart contracts and blockchain technology to guide the company’s efforts. His extensive network and technical knowledge are expected to drive growth in these sectors, solidifying WISeKey's position in the evolving landscape of cybersecurity, IoT, and decentralized finance.

WISeKey International Holding has launched the WISe.ART Metaverse NFT Factory, a unique platform for creating and trading NFTs. This initiative aims to assist entrepreneurs, artists, and investors in developing NFT strategies, leveraging WISeKey's blockchain capabilities. The factory offers smart contracts to enhance monetization opportunities for creators and ensure high-quality NFTs via a skilled marketing team. Additionally, WISeID provides secure identity services, supporting robust authentication methods for accessing the platform.

WISeKey International Holding Ltd (NASDAQ: WKEY) has announced the creation of an NFT for Picasso's cubist art piece, "The Magic Violin." The NFT will be provided as a phygital package, which includes the original artwork and a holographic version displayed in two museums simultaneously. The initiative aims to enhance the NFT marketplace capabilities of WISe.ART 2.1, ensuring secure transactions between art collectors and artists. The platform utilizes patented technology to establish proof of ownership and monetize artworks effectively.

WISeKey announced its preliminary results for H1 2022, reporting revenues of $13 million, a rise of over 25% compared to H1 2021. Notably, semiconductor revenue surged 48% to $10.7 million. For FY 2022, the company anticipates total revenue between $21 million and $23 million, bolstered by current purchase orders worth $38.5 million and a $75 million opportunity pipeline. The firm also divested arago GmbH to refocus on its core IoT and cybersecurity business. Cash reserves stand at $23 million, enhancing its ability to invest in R&D and IoT markets.

WISeKey International Holding Ltd. (WKEY) has completed its Class B share buyback program initiated on July 9, 2019. The company repurchased a total of 1,074,305 shares for CHF 1,471,609 at an average price of CHF 1.37 per share. The buyback aimed to support potential M&A transactions, employee share incentives, convertible loans, and available equity lines. The total allowed repurchase was 3,682,848 shares. This program reflects WISeKey's strategy to enhance shareholder value while ensuring financial flexibility.

WISeKey International Holding has been selected by NIST to collaborate on the NCCoE Trusted IoT Device Network-Layer Onboarding project. This initiative aims to define best practices for IoT device onboarding, enhancing secure credential management.

WISeKey's contributions will include Trust Services for credentials and secure semiconductors, crucial for maintaining IoT device security. Other collaborators include industry giants like Cisco and Hewlett Packard Enterprise. The partnership underscores WISeKey’s commitment to advancing IoT security.

WISeKey International Holding has expanded its partnership with the China Museum of Finance to launch the MetaFi Museum, a digital and physical exhibition space. The inaugural event will auction the Jiaozi NFT, representing the world’s first government-issued paper currency from China, crafted by artist Pedro Sandoval. This collaboration aims to enhance cross-border communication in finance and promote digital identity solutions using blockchain technology. WISeKey emphasizes secure NFT trading and environmental sustainability in its operations.