Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding Ltd announced key items for shareholder approval at its 2022 AGM scheduled for June 24, 2022. The proposals include the re-election of current board members and the election of new members. The Board recommends a renewal and increase of authorized share capital and conditional share capital, affecting Class B Shares and Class A Shares. The company will also seek approval for the 2021 Annual Report and financial statements, alongside voting on the 2021 compensation report. Shareholders will vote electronically due to COVID-19 restrictions.

WISeKey International Holding Ltd will host the 2022 Cybersecurity Tech Accord gathering in Davos, focusing on the role of cybersecurity in the digital economy amidst the ongoing war in Ukraine. The event will include discussions on hybrid warfare and multistakeholder cooperation in cyberspace. Esteemed speakers include Brad Smith from Microsoft and Alissa Starzak from Cloudflare. This networking event is part of the Cybersecurity Tech Accord, a commitment by over 150 tech companies to enhance cybersecurity standards.

WISeKey International Holding Ltd (NASDAQ: WKEY) reported unaudited Q1 2022 revenue of $4.9 million, marking a 4% increase year-over-year. The company ended the quarter with a robust cash position of $25 million. The IoT business segment saw a notable 15% growth, totaling $3.8 million compared to $3.3 million in Q1 2021. Despite facing semiconductor supply chain challenges, WISeKey's backlog surged by over 170% year-over-year. CEO Carlos Moreira emphasized ongoing demand for IoT products and plans for significant investments in new technology and production capacity.

WISeKey has launched a new Swiss Intrinsiq Security solution aimed at protecting luxury watch brands from counterfeiting. This technology integrates a secure element within the product, which serves as a digital identity, ensuring authenticity without compromising the luxury perception. WISeKey currently safeguards over 2.5 million luxury watches and holds a patent in the USA for this innovation. Additionally, their NFT technology enables the creation of digital birth certificates for watches, providing an immutable record of authenticity.

WISeKey International Holding Ltd. (NASDAQ: WKEY) has announced the 2022 WISe.ART NFT Awards set to take place at the WISeKey Davos Event on May 25. The awards will honor individuals contributing significantly to the NFT industry over the past year. WISeKey's NFT platform incorporates advanced security technologies for digital identity and asset authentication. With a focus on environmentally friendly practices, the event aims to connect creative talents with investors and collectors globally.

WISeKey International Holding Ltd (NASDAQ: WKEY) will host its 14th Annual Cybersecurity Roundtable on May 25, 2022, in Davos. The event will feature discussions on critical cybersecurity topics, including the impact of hybrid warfare and the evolving Metaverse. As a core signatory of the Cybersecurity Tech Accord, WISeKey aims to promote civilian safety online. The agenda includes panel discussions and the 2022 Outstanding Achievement and NFT Awards, honoring advancements in technology. Events will be held at Hotel Europe, Davos, from 18:00 to 23:00 CET.

WISeKey International Holding has partnered with Casa de Alba Foundation and Luminaries21 to digitize cultural heritage through NFTs. The collaboration's first NFT, based on original Columbus documents, is valued at over $100 million, appraised by Christie's. This digital art, created by artist Pedro Sandoval, integrates 3D animation and music, highlighting Columbus's achievements. It will launch in Davos on May 25, 2022, and will be exhibited in major global museums for three years before sale. The WISe.Art platform aims to establish a high-value marketplace for NFTs.

WISeKey announced the sale of its 51% stake in arago for EUR 25.5 million, achieving over 5x return on its initial investment. This decision arose from differing business approaches between the two companies. Following the sale, WISeKey will receive net cash proceeds of EUR 17 million and maintain a strategic partnership with arago, integrating AI technology into its IoT solutions. The transaction aims to reduce operational losses and enhance profitability, while also cancelling share options to mitigate shareholder dilution.

WISeKey International Holding Ltd. (NASDAQ: WKEY) has announced a collaboration with ProArte y Cultura and SEGRE SUBASTAS to conduct a charity NFT sale aimed at supporting orphaned children from Ukraine. This initiative will run from April 15 to 30 on the WISeKey NFT platform. Featured artists include Pedro Sandoval and Amanda Weasy. The goal is to financially assist humanitarian organizations focused on children. NFTs will be minted with ownership documents, ensuring authenticity. Proceeds will directly benefit OISTE, a Geneva-based non-profit organization.