Wisekey Internat Stock Price, News & Analysis

WISeKey International Holding is applying for independent identity provider status under the Swiss Federal e-ID Act, aiming to enhance online identification security. The proposal comes ahead of the March 7, 2021 vote on the e-ID legislation, which mandates federally approved identity providers for e-ID applications. The WISeID platform safeguards personal data and supports multiple authentication methods, including 2FA options. The technology benefits from a strong cryptographic foundation and aligns with United Nations goals for digital identity. This move signifies WISeKey's commitment to cybersecurity and digital transformation.

WISeKey International Holding has announced its advanced digital security solutions are compliant with the FAA's new rule requiring remote identification for drones, effective March 16, 2021. This rule mandates all drones over 0.55 pounds to deploy digital license plates, with manufacturers having until September 2022 to comply. WISeKey's technology is currently utilized in Parrot drones, ensuring secure flight operations. With increased demand for drone security, WISeKey's solutions aim to safeguard data and operations for a growing user base in public safety and inspection sectors.

WISeKey announces advancements in brand protection through AI integration, minimizing counterfeiting and fraud. The company's platform combines AI, IoT, and secure digital identities, allowing real-time tracking of luxury goods. Research shows that 58% of organizations adopt automation for digital transformation. The integration of WISeKey's semiconductors and AIoT will enhance system operations and lower costs. This move positions WISeKey to leverage strong client relationships in cybersecurity and IoT sectors to fuel growth and innovation.

WISeKey International Holding has formed a strategic partnership with Turing Crypto GmbH to commercialize trust services in the Asia-Pacific region. This collaboration aims to launch a range of SSL/TLS services, leveraging the strengths of both companies in cryptographic security and AI. The initial phase targets SSL/TLS product rollout, with plans for future offerings that include biometric authentication software and AI-powered security solutions. This partnership is expected to enhance market presence and drive new revenue opportunities for both companies.

WISeKey has acquired 51% of arago's share capital and plans to fully acquire the remaining 49%, solidifying its position in the cybersecurity AI market. The deal, valued at approximately CHF 100 million, was approved by shareholders on January 28, 2021. WISeKey will leverage arago's Knowledge Automation platform, expected to enhance revenue through strategic synergies. The acquisition aligns with the company’s goal to expand in the AIoT sector, promising higher automation rates and lower operational costs. The involvement of arago's founder on WISeKey’s board aims to facilitate a successful integration.

WISeKey International Holding Ltd (NASDAQ: WKEY) announced it is protecting over 2.5 million luxury Swiss watches using its blockchain technology and dual-factor authentication. The company collaborates with brands like Favre-Leuba and Hublot to deploy NFC secure elements for verifying authenticity. Their technology creates Watch Birth Certificates, storing crucial data securely on a blockchain ledger. This innovation fights counterfeiting and tracks stolen watches, enhancing brand protection and customer trust in the luxury market.

WISeKey International Holding Ltd (NASDAQ: WKEY) has announced its advanced AIoT cybersecurity solutions for connected cars to combat increasing cyber threats. Entering this sector in 2019 through collaboration with Daimler AG, WISeKey's technology validates vehicle components and secures communication. Their comprehensive AI-enabled platform, WISeAI, integrates semiconductors and IoT systems to enhance digital security. With an estimated 94 million connected cars expected to be sold in 2021, the demand for robust cybersecurity measures is critical as cars become more reliant on software.

WISeKey has finalized a $300,000 contract with arago to enhance COVID-19 pandemic management. This marks the company’s second contract within a month, emphasizing its commitment to combat the economic repercussions of the pandemic. The collaboration leverages WISeKey's cybersecurity and identity management technologies to ensure secure data handling for COVID-19 risk assessment. A robust pipeline exceeding $20 million for COVID-19 projects is visible, indicating strong future potential.

WISeKey International Holding Ltd. (NASDAQ: WKEY) announced a webinar on AIoT and Cybersecurity, set for October 12, 2020, at 3:00 pm CET. This event will showcase WIShelter SafePass, an innovative digital identity platform aimed at enhancing eHealth services, including diagnostics and vaccine education. The webinar will discuss disruptive digital technologies for public health during COVID-19, addressing scalability, security, and real-time monitoring of virus spread. Notably, WISeKey's advanced solutions have garnered partnerships with health organizations for AI-based diagnostics, further supporting global health initiatives.