Post-Quantum Cryptography Market Set for Accelerated Growth as SEALSQ and WISeKey Lead the Way in Securing Digital Infrastructure
09 January 2025 - 1:25AM
SEALSQ Corp (NASDAQ: LAES) ("SEALSQ" or
"Company"), a company specializing in Semiconductors, PKI, and
Post-Quantum technology hardware and software products, today
announced that the post-quantum cryptography (PQC) market is poised
for rapid growth as enterprises and governments urgently seek
solutions to protect critical infrastructure from future quantum
threats.
PQC companies like SEALSQ and its parent
company, WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN;
Nasdaq: WKEY), a global leader in cybersecurity, digital identity,
and IoT solutions platform, are at the forefront of this
transformation, delivering advanced quantum-resistant solutions to
safeguard data and systems today against the quantum challenges of
tomorrow.
This comes amid recent comments that quantum
computing technology may not become “very useful” for another 15-30
years. While such a timeline suggests that the full potential of
quantum computing is still distant, the risk posed by
future quantum computers to classical cryptographic systems is
imminent. Organizations must act now to adopt PQC
solutions to secure their data and systems against potential
traditional and quantum-based cyberattacks.
SEALSQ, has been a pioneer in post-quantum
cryptography. It has developed quantum-resistant algorithms
optimized for microcontrollers and embedded devices, ensuring the
security of IoT ecosystems and critical infrastructure. SEALSQ’s
Quantum-Resistant Algorithm CRYSTALS-Kyber, has garnered
international recognition and is setting new standards for
quantum-safe cryptographic implementations.
WISeKey, a global leader in cybersecurity, has
integrated post-quantum capabilities into its Root of Trust and
comprehensive PKI suite of solutions. These innovations provide
end-to-end encryption and data protection, ensuring businesses and
governments can transition seamlessly to a quantum-safe era.
“Post-quantum cryptography is no longer a
theoretical discussion, it’s an immediate priority,” said Carlos
Moreira, Founder and CEO of SEALSQ. “SEALSQ and WISeKey are
committed to leading the charge in delivering quantum-resistant
solutions that protect our digital ecosystems today while preparing
for the transformative quantum era. Recent comments from industry
leaders, underscore the need for proactive measures to secure
current infrastructure long before quantum computing reaches its
full potential.”
Here is a 6-year timeline (2025–2030) for
developing a fully operational quantum computer, alongside the
SEALSQ advancements for developing post-quantum chips and
post-quantum computing defense capabilities and the generation of a
Quantum RootKey by WISeKey.
Furthermore, below is a summary of practical timelines of
implementations to be enforced by industry standards and
government:
- National Institute of Standards and Technology (NIST)
Standards (Global): First PQC standards finalized;
standards expected by 2024-2025.
- CISA (US Critical Infrastructure):
Post-Quantum Cryptography Roadmap recommends early adoption by the
late 2020s.
- White House Federal Mandate (US): Federal
systems to transition to quantum-safe cryptography by
2035.
- European Union Critical Sectors: EU
cybersecurity strategy encourages adoption; mandates expected by
2025-2027.
- IoT (Matter, Wi-SUN): Quantum-safe integration
encouraged; widespread adoption likely by
2025.
- Financial Services: SWIFT, PCI-DSS expected to
incorporate PQC by 2026-2028.
- Healthcare: Mandates for quantum-safe
cryptography likely by the late 2020s.
Governments and international organizations are
driving the adoption of post-quantum standards. NIST has recently
finalized quantum-resistant algorithms as part of its ongoing
efforts to secure global cryptographic systems. Companies like
SEALSQ and WISeKey are aligning their technologies with these
standards, ensuring compliance and enhancing global
cybersecurity.
Post-quantum cryptography is expected to
experience significant market growth well before quantum computing
reaches maturity. Unlike quantum computing companies, which are
still developing hardware and software for niche applications, PQC
providers are delivering actionable solutions that can be
implemented on existing infrastructure. This positions companies
like SEALSQ and WISeKey to address the immediate needs of
enterprises and governments, paving the way for long-term quantum
innovation.
As the digital landscape evolves, SEALSQ and
WISeKey remain at the forefront of the PQC revolution, ensuring
that critical systems are secure, resilient, and future-proof.
These discussions will take place at the SEALSQ WISeKey PQC AI
event at Davos https://www.wisekey.com/davos25/quantumpanel/
About SEALSQ:SEALSQ focuses on
selling integrated solutions based on Semiconductors, PKI and
Provisioning services, while developing Post-Quantum technology
hardware and software products. Our solutions can be used in a
variety of applications, from Multi-Factor Authentication tokens,
Smart Energy, Smart Home Appliances, Medical and Healthcare and IT
Network Infrastructure, to Automotive, Industrial Automation and
Control Systems.
Post-Quantum Cryptography (PQC) refers to
cryptographic methods that are secure against an attack by a
quantum computer. As quantum computers become more powerful, they
may be able to break many of the cryptographic methods that are
currently used to protect sensitive information, such as RSA and
Elliptic Curve Cryptography (ECC). PQC aims to develop new
cryptographic methods that are secure against quantum attacks. For
more information, please visit www.sealsq.com.
Forward-Looking StatementsThis
communication expressly or implicitly contains certain
forward-looking statements concerning SEALSQ Corp and its
businesses. Forward-looking statements include statements regarding
our business strategy, financial performance, results of
operations, market data, events or developments that we expect or
anticipates will occur in the future, as well as any other
statements which are not historical facts. Although we believe that
the expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates which are inherently subject to significant uncertainties
and contingencies, many of which are beyond our control. Actual
results may differ materially from those expressed or implied by
such forward-looking statements. Important factors that, in our
view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the expected
success of our technology strategy and solutions for IoMT Security
for Medical and Healthcare sectors, SEALSQ's ability to implement
its growth strategies, SEALSQ's ability to continue beneficial
transactions with material parties, including a limited number of
significant customers; market demand and semiconductor industry
conditions; and the risks discussed in SEALSQ's filings with the
SEC. Risks and uncertainties are further described in reports filed
by SEALSQ with the SEC.
SEALSQ Corp is providing this communication as
of this date and does not undertake to update any forward-looking
statements contained herein as a result of new information, future
events or otherwise.
SEALSQ Corp.Carlos
MoreiraChairman & CEOTel: +41 22 594 3000info@sealsq.com |
SEALSQ Investor Relations (US)The
Equity Group Inc.Lena CatiTel: +1 212 836-9611 /
lcati@equityny.comKatie MurphyTel: +212 836-9612 /
kmurphy@equityny.com |
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