Wisekey Internat Stock Price, News & Analysis

WISeKey has appointed Carlo Schüpp as the new Chief Operating Officer, effective immediately. Schüpp brings over 30 years of experience in digital business leadership, previously serving as CEO of Scaled Access and EMEA Practice Leader at Deloitte. His expertise spans industries including IoT and cybersecurity. WISeKey's CEO, Carlos Moreira, expressed confidence in Schüpp's ability to drive growth and operational efficiency. Schüpp aims to enhance revenue generation and streamline processes across the organization, focusing on fostering growth among the executive team and employees.

WISeKey International Holding Ltd. (NASDAQ: WKEY) is set to showcase its cybersecurity solutions at the International Cybersecurity Forum (FIC) in Lille, France, from September 7-9, 2021. The company aims to assist the European Union in achieving a 20% share of global semiconductor production, with its current installation of over 1.6 billion chips across various IoT sectors. WISeKey's microcontrollers have received Common Criteria EAL5+ Certification and ISO 27001:2013 compliance, ensuring robust cybersecurity.

WISeKey announced a partnership with CasperLabs, which is now part of the AWS Marketplace. This collaboration allows developers on the Casper Network to deploy node infrastructures and design private networks for product testing more easily. WISeKey's WISe.ART NFT platform, launched on September 1, 2021, will leverage Casper's blockchain for securing digital twins of valuable objects. Both companies aim to set a new standard in NFT transactions with a focus on security and environmental sustainability.

WISeKey announces collaboration with Polygon to launch the WISe.ART NFT platform in September 2021. This partnership aims to provide Trusted NFTs solutions, capitalizing on Polygon's ability to offer low transaction fees and a sustainable Proof-of-Stake consensus mechanism. WISe.ART will facilitate trading NFTs using WISeKey's TrustECoin cryptocurrency, ensuring user anonymity while adhering to KYC processes. The platform was preceded by market tests of high-value NFTs and is secured using WISeKey's authentication technologies.

WISeKey International Holding (NASDAQ: WKEY) announced its collaboration with GDGC Enterprises to auction a Kobe Bryant autographed Black Mamba NFT package on its WISe.Art platform. This auction, starting at $1,008,240, features a limited edition 18K rose gold Black Mamba watch, a signed sneaker, and custom digital artwork. The auction will go live on September 20, 2021. WISe.Art aims to provide a secure marketplace for luxury NFTs, ensuring proof of ownership and sustainability compliance. The platform is set to launch on September 1, 2021, following successful test auctions.

WISeKey announced the commercial launch of its WISe.Art NFT platform for high-value luxury items and collectibles, set for September 1, 2021. This follows successful test auctions of NFTs starting in April 2021, including significant pieces like the Hublot Bigger Bang watch. The platform incorporates features like provenance, proof of ownership, and smart contracts aimed at enhancing monetization streams for buyers and creators. Partnerships with CasperLabs and Ocean Protocol support its multichain strategy, while Green NFT ensures carbon neutrality.

WISeKey International Holding reported a 24% revenue increase in H1 2021, totaling $9.9 million. The company is on track to achieve $22 million in revenue for full-year 2021, a 45% increase year-over-year. Successful acquisition of arago GmbH strengthens AI and IoT capabilities, with total investment reaching $9.8 million. Cash reserves increased to $38.5 million as of June 30, 2021. The firm anticipates a strong $250 million revenue pipeline for 2022-2027, driven by advancements in cybersecurity and IoT technologies.

WISeKey announced discussions with vaccine manufacturers to utilize their NFC VaultIC Chips for protecting vaccine vials. These tamper-resistant microprocessors enhance the validation, authentication, and tracking of vaccine shipments, allowing end-users to verify vial origins. The VaultIC Chips support various cryptographic functions and NIST-compliant algorithms. With the rise in counterfeit drugs, estimated to cause over a million deaths annually, WISeKey's technology aims to enhance drug safety and security, leveraging Apple's support for NFC technology.

WISeKey International Holding has partnered with Menthol Protocol to enhance its WISe.Art NFT platform by making it climate-positive. The collaboration focuses on utilizing renewable energy for decentralized app (dApp) transactions and aims to link NFTs with actual collectibles to create genuine value. A portion of NFT transaction revenues will support sustainability projects. This initiative addresses the growing concern regarding the crypto sector's energy consumption and aims to foster a sustainability-focused ecosystem.