SEALSQ, a WISeKey Company, Will Launch SEALCOIN with Google Cloud as a Technology Provider
16 January 2024 - 5:00PM
SEALCOIN Pre-registration is Available
at SEALCOIN.AI
Davos, Switzerland - January 16, 2024: SEALSQ
Corp ("SEALSQ" or "Company") (NASDAQ: LAES), a company that focuses
on developing and selling Semiconductors, PKI and Post-Quantum
technology hardware and software products, today announced the
launch of SEALCOIN.AI with Google Cloud as a technology provider.
SEALSQ is a subsidiary of WISeKey International Holding Ltd.
(“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in
cybersecurity, digital identity, and Internet of Things (IoT)
solutions operating as a holding company. SEALCOIN is a digital
token and an advanced cryptocurrency protocol, offered by SEALSQ
which focuses on developing and selling Semiconductors, PKI and
Post-Quantum technology hardware and software products. SEALCOIN is
designed to establish a robust economy specifically for billions of
internet-driven devices, enabling them to exchange not just data
but also currency seamlessly. SEALSQ has an install base of over
1.6 billion semiconductors that will gradually benefit from the
SEALCOIN.
Introducing SEALCOIN: A Revolution in
IoT and CryptocurrencySEALCOIN, representing a significant
leap forward in the IoT industry, is a revolutionary cryptocurrency
protocol tailored for the Machine-to-Machine (M2M) economy. It
facilitates seamless data and currency exchanges among billions of
internet-connected devices, enabling IoT structures from various
companies to interact autonomously. This innovation transcends
conventional currency exchange, establishing a complex network of
IoT-enabled transactions and services.
SEALCOIN: Reshaping M2M Payments and IoT
CommunicationsWhile individual traders can engage with
SEALCOIN as with other cryptocurrencies, its core value lies in
transforming economic operations and communications within IoT
devices. The introduction of SEALCOIN marks a pivotal moment in the
evolution of M2M payments, reshaping the digital transaction
landscape in the IoT sphere.
Carlos Moreira, Founder and CEO of SEALSQ,
noted, “The usage of the Google Cloud for the deployment of
SEALCOIN will accelerate the development of the SEALSQ platform all
together. In a groundbreaking development, SEALSQ is taking a
significant step forward in the world of digital finance (DeFi) and
IoT with its advanced cryptocurrency protocol, SEALCOIN. This
innovative protocol is designed to establish a robust economy
specifically for billions of internet-driven devices, enabling them
to exchange not just data but also currency seamlessly.”
SEALCOIN is more than just a digital token.
SEALCOIN represents the dawn of a new Machine-to-Machine (M2M)
decentralized and tokenized economy. Here, IoT structures from
various companies can interact and leverage services and products
from one another autonomously, without human intervention. This
capability extends beyond mere currency transactions, as it fosters
a complex network of services and payments within the IoT web.
About WISeKeyWISeKey
International Holding Ltd ("WISeKey", SIX: WIHN; Nasdaq: WKEY) is a
global leader in cybersecurity, digital identity, and IoT solutions
platform. It operates as a Swiss-based holding company through
several operational subsidiaries, each dedicated to specific
aspects of its technology portfolio. The subsidiaries include (i)
SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI,
and post-quantum technology products, (ii) WISeKey SA which
specializes in RoT and PKI solutions for secure authentication and
identification in IoT, Blockchain, and AI, (iii) WISeSat AG which
focuses on space technology for secure satellite communication,
specifically for IoT applications, and (iv) WISe.ART Corp which
focuses on trusted blockchain NFTs and operates the WISe.ART
marketplace for secure NFT transactions.
Each subsidiary contributes to WISeKey's mission
of securing the internet while focusing on their respective areas
of research and expertise. Their technologies seamlessly integrate
into the comprehensive WISeKey platform. WISeKey secures digital
identity ecosystems for individuals and objects using Blockchain,
AI, and IoT technologies. With over 1.6 billion microchips deployed
across various IoT sectors, WISeKey plays a vital role in securing
the Internet of Everything. The company's semiconductors generate
valuable Big Data that, when analyzed with AI, enable predictive
equipment failure prevention. Trusted by the OISTE/WISeKey
cryptographic Root of Trust, WISeKey provides secure authentication
and identification for IoT, Blockchain, and AI applications. The
WISeKey Root of Trust ensures the integrity of online transactions
between objects and people. For more information on WISeKey's
strategic direction and its subsidiary companies, please visit
www.wisekey.com.
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, 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 SEALSQ's
ability to implement its growth strategies; SEALSQ’s ability to
generate revenue from emerging new semiconductors; SEALSQ’s ability
to generate revenue from Matter certification and the new cyber
trust mark standards; the successful introduction of the WISeSat
picosatellite constellation; 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.
Press and investor
contacts:SEALSQ Corp.Carlos MoreiraChairman & CEOTel:
+41 22 594 3000info@wisekey.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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