WISeKey
Strengthens
Smart
Card
Reader
Chips
Business and Renews
Agreement with US
Leader
Identiv
Geneva, Switzerland
–March 28,
2022: WISeKey International Holding Ltd
(“WISeKey,” SIX: WIHN / Nasdaq: WKEY), a leading global
Semi-Conductor, Blockchain and IoT company, announced today that it
is renewing and expanding its business in smart card readers with
Identiv (Nasdaq: INVE), the US leading player in identity and
access control. In 2022, WISeKey will be supplying Identiv with
high-end smart card reader chips for over $1 Million value. The
partnership extends to Identiv’s contact, contactless, and
dual-interface smart card readers, targeting applications in
healthcare, pharmaceuticals, government, and education. Public and
private organizations use Identiv’s identity verification devices
when seeking the highest security and performance in access
management.
“Properly implemented smart cards in all sectors
have proven highly effective in reducing fraud and securing
infrastructures and services. The growing security concerns,
particularly within the public sphere, are propelling the growth of
smart card readers market. WISeKey is well positioned to respond to
this surging demand with its range of reader chips,” said Bernard
Vian, General Manager for WISeKey Semiconductors. “We are thrilled
and honored of the renewed confidence by our long-term partner
Identiv that rewards our commitment to provide high quality
services and products to our clients.”
WISeKey chip technology is built into a
selection of Identiv’s contact, contactless, and dual-interface
smart card reader/writer product portfolio. The latest offering is
uTrust 3700 IG, an IP-rated, industrial-grade contactless and near
field communication (NFC) smart card reader created for industrial
facilities, clean room environments, and the healthcare space. The
reader simplifies complex logins, protects valuable time, and
strengthens data security.
“We have seen tremendous growth in
identification and verification technology in healthcare,
pharmaceuticals, government, and education over the past year, and
we expect the demand to continue to grow,” said Manfred Mueller,
Identiv COO and GM Identity. “Collaborating with chip manufacturers
like WISeKey allows us to make the strongest data security more
convenient for the industries that need it most, especially in the
healthcare segment. Our technology lets clinicians focus their time
and attention on patients, not complex logins.”
Identiv's smart card reader and logical access
control technology identifies and verifies users to safely and
securely access data. Multi-factor authentication and passwordless
experiences provide the strongest cybersecurity, while remote
authentication, multi-factor authentication, and embedded
application solutions protect data on-the-go, in the office, or at
home.
According to Market & Markets, the smart
card market is projected to reach $16.9 billion by 2026 from $13.9
billion in 2021 with 75% of the value generated by cards and
readers. The robust financial system that is being increasingly
digitized and government agencies incorporating smart chip-based
systems for better monitoring of processes are propelling several
countries to adopt smart card solutions, specifically in the
transportation, BFSI, retail, government, and healthcare sectors.
In addition to information security, smart card-based systems
ensure greater security of services and equipment by restricting
access to only authorized users. Thus, the security and access
control segments are projected to grow at the highest CAGR of the
smart card market.
Powered by more than 20 years of design and
research experience in secure products for the smart card industry
(including banking), WISeKey’s comprehensive and highly competitive
portfolio of Smart Card Reader chips enables customers to obtain
secure, high-performance chips for virtually any market segment
from a single vendor. WISeKey and its ecosystem of partners offers
hardware platforms alone and with integrated third-party
applications, allowing customers to quickly build smart card
readers without requiring custom development. Based on 8/16-bit
RISC processors, WISeKey’s Smart Card Reader chips are EMV-CO
compliant and equipped with DC/DC for a wide compatibility. WISeKey
products are recognized today by industry leading OEMs, such as
Identiv, that leverage these chips’ unique capabilities to combine
outstanding product performance with fast time to market.
To learn more about WISeKey’s Card readers and
security solutions,
visithttps://www.wisekey.com/products-services/secure-semiconductors/smart-card-readers/
Press and investor
contacts:
WISeKey:
Carlos Moreira
WISeKey Investor
Relations (US)Chairman & CEO
Lena
Catiinfo@wisekey.com
lcati@equityny.comTel.
+41 22 594 3000
Tel. +1 212
836-9611
About WISeKeyWISeKey (NASDAQ:
WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity
company currently deploying large scale digital identity ecosystems
for people and objects using Blockchain, AI and IoT respecting the
Human as the Fulcrum of the Internet. WISeKey microprocessors
secure the pervasive computing shaping today’s Internet of
Everything. WISeKey IoT has an install base of over 1.6 billion
microchips in virtually all IoT sectors (connected cars, smart
cities, drones, agricultural sensors, anti-counterfeiting, smart
lighting, servers, computers, mobile phones, crypto tokens etc.).
WISeKey is uniquely positioned to be at the edge of IoT as our
semiconductors produce a huge amount of Big Data that, when
analyzed with Artificial Intelligence (AI), can help industrial
applications to predict the failure of their equipment before it
happens.
Our technology is Trusted by the OISTE/WISeKey’s
Swiss based cryptographic Root of Trust (“RoT”) provides secure
authentication and identification, in both physical and virtual
environments, for the Internet of Things, Blockchain and Artificial
Intelligence. The WISeKey RoT serves as a common trust anchor to
ensure the integrity of online transactions among objects and
between objects and people. For more information, visit
www.wisekey.com.
Disclaimer:This communication
expressly or implicitly contains certain forward-looking statements
concerning WISeKey International Holding Ltd and its business. Such
statements involve certain known and unknown risks, uncertainties
and other factors, which could cause the actual results, financial
condition, performance or achievements of WISeKey International
Holding Ltd to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. WISeKey International Holding Ltd 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.
This press release does not constitute an offer
to sell, or a solicitation of an offer to buy, any securities, and
it does not constitute an offering prospectus within the meaning of
article 652a or article 1156 of the Swiss Code of Obligations or a
listing prospectus within the meaning of the listing rules of the
SIX Swiss Exchange. Investors must rely on their own evaluation of
WISeKey and its securities, including the merits and risks
involved. Nothing contained herein is, or shall be relied on as, a
promise or representation as to the future performance of
WISeKey.
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